Global stocks mixed as WHO warns of worsening coronavirus
A pedestrian walks past an electronic quotation board displaying share prices of the Tokyo Stock Exchange in Tokyo on June 16, 2020. – Tokyo stocks opened sharply higher on June…
Wirecard CEO quits after auditors can’t find $2.1 billion
FILE – In this Thursday, April 25, 2019 file photo the logo of financial services company wirecard is pictured at the headquarters in Munich, Germany. Shares in German payment service…
BPI, BDO: Wirecard claims based on falsified docs
Auditing firm Ernst & Young (EY) called on Bank of the Philippine Islands (BPI) a few days ago to investigate documents claiming that German fintech Wirecard had over 800 million…
Taxman eyes bloggers, YouTubers | Inquirer Business
A popular political blogger, whose site was launched in 2017 and has drawn 250,000 followers, used to earn an average of P15,000 to P25,000 monthly from Google ads and instant…
First in 75 yrs: Victory Liner laying off hundreds of workers
For the first time in its 75-year history, bus operator Victory Liner Inc. (VLI) is laying off hundreds of employees to stay afloat amid the tough economic and regulatory environment…
5 conglomerates back Ayala’s COVID-19 response initiative
Five of the country’s top conglomerates have added financial muscle to the Ayala group’s initiative to build four new coronavirus (COVID-19) confirmatory reverse transcription polymerase chain reaction (RT-PCR) testing laboratories…
PSEi closes down 0.53% on foreign selling, profit-taking
The local stock barometer slipped on Friday as investors reassessed their portfolios while other markets in the region firmed up. The main-share Philippine Stock Exchange index (PSEi) shed 33.38 points…
Drug pricing EO a threat to pharma firms’ operations, says Fitch
New regulations on drug pricing in the Philippines will escalate pressure on the pharmaceutical industry and threaten the operations of multinational drug-makers, think tank Fitch Solutions said. In a research…
Farmers, fisherfolk get P1.9B in assistance from gov’t
The Department of Agriculture (DA) has distributed P1.9 billion worth of inputs and assistance to farmers and fisherfolk whose livelihoods were affected by typhoons, the Taal Volcano eruption and the…
MWSS secures $126-M loan from ADB for critical aqueduct
Water supply for households in Metro Manila, Rizal and Cavite is expected to be more secure as the Asian Development Bank (ADB) approved a $126-million loan to help the Metropolitan…