Supply chain disruptions a small threat to low inflation, says BSP
The pace of price increases of consumer goods and services will likely remain muted in the next few months due to weak local demand and the plunge in global oil…
Grab, Lalamove riders get P3B free Manulife insurance coverage
Life insurer Manulife Philippines is providing P3 billion worth of free insurance coverage to more than 60,000 active two-wheel riders from Grab and Lalamove who brave the streets to serve…
BDO’s Q1 profit down 10% on trading, forex losses
BDO’s “ATM on Wheels bringing cash to customers during the ECQ” The country’s leading lender BDO Unibank saw a 10.2-percent year-on-year drop in first quarter net profit to P8.8 billion,…
SM donates COVID-19 test kits to Baguio City
In support of mass COVID-19 testing, SM donates local PCR test kits for 4,000 tests to Baguio City. Through SM Foundation, and in coordination with the DOH, Baguio Mayor Benjamin…
Asian shares lower as Wall Street rally fizzles, oil rebounds
TOKYO — Asian shares are lower Friday after an early rally on Wall Street suddenly vanished, the latest example of how fragile the hopes underpinning the stock market’s monthlong recovery…
BPI bracing for hefty loan loss provisioning
BPI’s press briefing on April 23, 2020 in virtual format As businesses and consumers grapple with the unprecedented COVID-19 pandemic, Ayala-led Bank of the Philippine Islands (BPI) is bracing for…
COVID-19 pandemic curbing OFW remittances
Filipino domestic helpers line up to send money at a remittance center in the central district of Hong Kong in this 2008 file photo. AFP PHOTO/TED ALJIBE The Philippines may…
Frontliners leaving home and family to serve amid the COVID-19 pandemic
A family for Filipinos means the world. The welfare of a wife, child, father, mother, brother or sister is paramount in any Filipino’s mind, a gritty yet devoted few would…
P1.3-T post pandemic stimulus package eyed
The House of Representatives is preparing a measure that seeks to allot some P1.3 trillion as economic stimulus to help the economy recover from the impact of the coronavirus pandemic.…
PH banks now free to assume more dollar risk
The central bank has eased a rule that previously required financial institutions to hold a 100-percent buffer of assets for their foreign currency liabilities on a daily basis, saying that…