BDO suffers 10% drop in Q1 net income to P8.8B
BDO Unibank, the country’s leading lender, saw a 10-percent year-on-year drop in first quarter net profit amounting to P8.8 billion, weighed down by trading and foreign exchange losses arising from…
DA to bankroll plans to convert ancestral lands for ‘rice-corn’ hybrid
The Department of Agriculture (DA) has thrown its support to listed AgriNurture Inc. (ANI) to develop “idle” lands of indigenous peoples (IPs) in order to boost the production of corn…
Gov’t assures consumers of enough food supply
The country’s agriculture chief has assured consumers that the extension of the lockdown in the country would not affect food supply, noting that current inventories of basic food items were…
Small business wage subsidy application deadline extended
The government has given micro, small and medium enterprises (MSMEs) more time or until May 8 to apply for their workers’ wage subsidies as the Social Security System (SSS) website,…
BSP warns of inflation spike due to supply chain disruptions
The pace of price increases of consumer goods and services will likely remain muted over the next few months due to weak local demand as well as the plunge in…
Streaming video, retailers escape pandemic pounding
The company logo and view of Netflix headquarters in Los Gatos, California (Image: AP/Marcio Jose Sanchez) NEW YORK—COVID-19 may have knocked US stocks into a bear market and pummeled the…
COVID-19 lockdown extension plus budget limits equals scramble for funds
The government is scrambling for more money to fund COVID-19 response amid uncertainty when the pandemic will be contained, which was made worse by budget constraints that persist despite the…
Pru Life UK gives away free COVID-19 life insurance to 500,000 Filipinos
To ease the financial pain that the COVID-19 pandemic had also inflicted on families of the sick and deceased, insurer Pru Life UK is giving away free life insurance coverage…
SSS website down: Deadline for wage subsidy applications extended to May 8
The government has given micro, small and medium enterprises (MSMEs) more time, or until May 8, to apply for wage subsidies as the Social Security System (SSS) website, where they…
ADB lends $1.5 billion to fund PH’s P655.6-billion COVID-19 response
MANILA, Philippines — The Asian Development Bank (ADB) has given the green light to the $1.5-billion quick-disbursing loan for the Philippines, its host-country, to aid in the fight against the…