Stocks shake off weak start and close higher, extending run
Stocks shook off a wobbly start on Wall Street and closed broadly higher Monday, adding to the market’s recent run of solid gains. A woman wearing a face mask walks…
McDonald’s shares enhanced safety protocols with DTI
As the country continue to fight to flatten the curve, safety and sanitation remain to be the top concerns of Filipinos. Understanding the sentiment of consumers, McDonald’s Philippines has further…
Be future-ready with Globe myBusiness’ online business consultation caravan
Globe myBusiness organized the Business Consultation Caravan (BCC) Online, a series of webinars to help entrepreneurs thrive during the COVID 19 pandemic. The special webinar series aims to educate business…
Bank of Thailand worried as baht continues upward streak, vows ‘extra measures’
Mathee Supapongse BANGKOK — The Bank of Thailand (BOT) is concerned about a swift baht appreciation in the past two weeks and promised to impose extra measures to address short-term…
CLI’s Q1 net profit down 4%
Property developer Cebu Landmasters Inc. (CLI) posted a 4 percent year-on-year decline in attributable net profit to P572 million in the first quarter as expenses grew at a faster pace…
More virus-hit duty free shops in S. Korea given deep cut in rental fee
(Yonhap) via The Korea Herald SEOUL — South Korea will expand the reduction of rental fees for airport duty-free shops and other commercial facilities hit hard by the new coronavirus…
S. Korea’s demand for electric bicycles surges amid COVID-19 outbreak
Samchuly Bicycle’s Phantom Q. Samchuly Bicycle via The Korea Herald/Asia News Network SEOUL — South Korean bicycles maker Samchuly Bicycle said Monday its sales of electric bicycles have surged as…
Treasury sells P26-billion in T-bills amid strong demand, low rates
With strong demand and low rates, the Bureau of the Treasury on Monday (June 1) sold P26 billion in T-bills, exceeding the P20-billion offering. The Treasury awarded P7 billion in…
51 percent of German firms holding back investments in PH, but not because of COVID-19
More than half of German companies are holding back their investments in the Philippines because they find the economy too restrictive, data showed. This is according to a survey done…
PH manufacturing shrinks for 3rd straight month in May
Manufacturing shrank for a third straight month in May as an easing of COVID-19 lockdown slowed down a further decline in purchasing managers’ index (PMI), a gauge of manufacturing trends.…