COVID-19 foreign loans, grants hit $7.76 billion
MANILA, Philippines — Foreign borrowings, loans, and grant assistance secured by the Philippines to fight the COVID-19 pandemic amounted to a total of $7.76 billion (over P386 billion) as of…
Asian stocks follow Wall Street higher on vaccine hopes
Asian stock markets followed Wall Street higher Thursday as hopes for development of a coronavirus vaccine competed with concern about rising U.S. infections. Currency traders watch monitors at the foreign…
Lopez: IATF open to increasing capacity of dine-services under GCQ
MANILA, Philippines — Trade Secretary Ramon Lopez on Thursday said the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) is open to allow restaurants in areas under…
RCBC unveils financial inclusion ‘super app’
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) has entered the mobile banking race with the launch of “DiskarTech,” touted as a financial inclusion “super app” that offers in sachet format vital…
Wirecard headquarters raided in probe of accounting scandal
AP BERLIN — Investigators searched the headquarters of German payment systems provider Wirecard and four other locations Wednesday as part of their probe of an accounting scandal that led to…
S&P 500 index notches another gain on a mixed day for stocks
Stock indexes ended mixed on Wall Street Wednesday, even as the market extended its winning streak to a third day and gains in technology companies pushed the Nasdaq to an…
PSEi posts slight gain | Inquirer Business
The local stock barometer ended a tad higher on Wednesday, aided by large foreign inflows related to private equity firm KKR’s fresh investment in First Gen Corp. The main-share Philippine…
SSS net income jumps 224%
The Social Security System (SSS) grew its bottom line by 224 percent to P73.3 billion in 2019 on the back of a higher contribution rate imposed under the state-run pension…
‘New normal’ requires tourism players to shift focus
Passengers of a flight from Paris wearing protective face masks arrive at the Eleftherios Venizelos International Airport in Athens on June 15. As the Indonesian government gears up to reopen…
PH dollar stash piles up with barely any imports, more loans during pandemic
The Philippines made substantially more dollars than it spent in its overseas transactions in May, due in part to a surge in foreign borrowings and a steep drop in import…