Samsung projects 23% jump in 2Q profit on strong chip sales
SEOUL, South Korea — Samsung Electronics Co. said Tuesday its operating profit for the last quarter likely rose 23% from the same period last year, helped by robust demand for…
Gov’t, NAIA consortium deadlocks, threatening modernization bid
MANILA, Philippines — Filipino tycoons backing an ambitious proposal to modernize and operate the Ninoy Aquino International Airport said on Tuesday they reached a stalemate in their negotiations with the…
Asia markets slip as virus outbreaks mute hopes for rebound
TOKYO — Markets were mostly lower in Asia on Tuesday as expanding coronavirus outbreaks dimmed hopes for a global recovery, despite an overnight rally in tech shares that pushed the…
GT Capital invests in second hand car inspection business
Ty family-led conglomerate GT Capital Holdings Inc. has teamed up with Japanese financing service firm, Premium Group, to establish a second-hand car inspection and warranty business as part of the…
BDO raises $600M from offshore bond market
BDO prexy Nestor Tan The country’s leading lender, BDO Unibank, has raised $600 million from the offshore bond market, building up its cash hoard while interest rates are favorable. The…
For areas to go back to ECQ is not wise, bad for business — Palace adviser
MANILA, Philippines — It is not wise to place some areas in the country under a strict enhanced community quarantine (ECQ) as it would shut down businesses that already took…
With few public transport, tricycle fare soared in June
MANILA, Philippines — With few public transport available, tricycle fares soared in June, helping push headline inflation that month to 2.5 percent year-on-year, the highest in three months. National Statistician…
Kanye West? The Girl Scouts? Hedge funds? All got PPP loans
Kanye West (AFP) WASHINGTON — The government’s small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the…
Second executive arrested in Wirecard scandal in Germany
(dpa via AP) FRANKFURT, Germany — Another executive with bankrupt payment company Wirecard has been arrested in Germany on suspicion of aggravated fraud, prosecutors said Monday. The suspect, the head…
Markets swell around the world; Nasdaq sets another record
NEW YORK — Stocks rallied worldwide on Monday as investors bet that the economy can continue its dramatic turnaround despite all the challenges ahead. FILE – In this Sept. 18,…