Double whammy sends PSEi looking for cover for 3rd day
The local stock barometer slipped for a third session in a row on Wednesday as the downturn in global oil market and the lockdown uncertainties in the Philippines dampened investor…
SEC exposes 4 more investment scams
The Securities and Exchange Commission (SEC) has exposed four new illegal investment schemes, including those perpetrated by previously flagged racketeers masked by different names. In separate advisories issued on April…
Ayala Land slashes 2020 capex budget, puts on hold new projects
Property giant Ayala Land Inc. (ALI) has scaled down its capital spending budget this year to P70 billion from P110 billion and put on hold new projects, investments and land…
MWSS concessionaires assured of normal raw water supply
Normal allocation of raw water from Angat to the concessionaires of Metropolitan Waterworks and Sewerage System (MWSS) will be maintained until June to support the continuing fight against the new…
DITO network infra rollout slows due to lockdown
Telco startup Dito Telecommunity was forced to slow the rollout of network infrastructure in Metro Manila and Luzon after a lockdown was ordered to halt the spread of the new…
Coronavirus test maker Roche sees sales rise
GENEVA — Swiss pharmaceutical company Roche, which helps make tests to detect the COVID-19 illness, said Wednesday its sales edged up in the first quarter despite the broad economic volatility…
OFW remittances seen falling by 20%
Remittance flows to the Philippines may decline by more than a fifth this year as many Filipinos working and living abroad stood to lose employment while the global economy grappled…
As April 30 nears, gov’t continues search for health, economic balance in ‘new normal’
Balance between health and economy. In sum, that is the elusive formula that could be key to winning the fight against the COVID-19 pandemic, according to the country’s new chief…
Korean Air sells Jeju housing complex for employees amid liquidity crisis
Korean Air’s housing complex for employees on Jeju Island. Korean Air via The Korea Herald/Asia News Network SEOUL — Korean Air, the main cash cow for the transport and logistics…
Starbucks introducing plant-based food in China
Beyond Meat products are being sold in China for the first time through China. AP Photo/Gene J. Puskar, File Starbucks is introducing plant-based food and drinks in China as part…