RLC unit listing by introduction on June 26
Robinsons Land Corp. president and chief executive officer Frederick Go. File photo Real estate firm Altus Property Ventures Inc. (APVI), a wholly-owned subsidiary of Robinsons Land Corp., is set to…
Banks lead gains for stocks on Wall Street in jumpy trading
Financial companies led stocks broadly higher on Wall Street Thursday as traders welcomed news that the Federal Reserve and other regulators are removing some limits on the ability of banks…
PH secures $5.76B in loans for COVID-19 response
The Philippine government has secured over $5.758 billion in foreign loans for its response to the new coronavirus pandemic. Presidential spokesperson Harry Roque said the financing for the COVID-19 response…
Surge in COVID-19 cases in PH, world rattles PSEi
The local stock barometer slipped for the third session in a row on Thursday as rising cases of coronavirus infection here and abroad spooked investors. The Philippine Stock Exchange index…
Despite economic pinch, PH set to finish 36 port projects
The Department of Transportation (DOTr) is on track to complete 36 port projects this year amid a health crisis that has triggered a contraction in the broader economy. Through the…
South Africa’s economy to see worst performance in 90 years
FILE — In this May 20, 2020 file photo, people affected by the coronavirus economic downturn line up to receive food parcels in Pretoria, South Africa, South Africa’s economy is…
SEC shuts down head office for COVID19 disinfection
Securities and Exchange Commission (SEC) logo The Securities and Exchange Commission (SEC) is suspending head office operations at the Philippine International Convention Center in Pasay City from June 26 to…
SoftBank’s Son leaves Alibaba board following Ma’s departure
In this June 18, 2015, file photo, Softbank Corp. CEO Masayoshi Son, right, Alibaba Group Executive Chairman Jack Ma, left, of China with Foxconn Chairman and CEO Terry Gou of…
US think tank: PH among emerging markets fiscally prudent on COVID-19 response
The Philippines can still afford to spend more to fight the health and socioeconomic crises caused by COVID-19, but the Washington-based Institute of International Finance (IIF) expects emerging markets to…
BSP surprise: 50 bps cut to bring key interest rate to lowest level in history
The central bank on Thursday (June 25) cut its key interest rates to their lowest levels in history in a bid to buttress the Philippine economy that has been battered…