Banks warn public vs online scammers
As more people switch to online banking channels during the COVID-19 pandemic-induced lockdown of key cities, cyberspace has become a fertile ground for scammers who are becoming more and more…
PH shares dive 7%; wary mood back
The local stock barometer fell sharply on Thursday, reversing most of the gains seen earlier this week, as investors’ recent buying conviction waned when the index neared the 6,000 barrier.…
Dominguez: No need to sell gov’t assets to raise more money vs coronavirus
President Duterte’s chief economic manager on Thursday said there was no need to sell government assets to raise more money for COVID-19 response. In an interview on PTV-4 Thursday night,…
SEC flags illegal “reseller” schemes
Securities and Exchange Commission (SEC) logo The Securities and Exchange Commission (SEC) has urged the investing public to be wary of individuals or groups hawking reseller business partnerships that may…
Sweeper flights, lodging for OFWs and health workers top DOT’s COVID-19 response
The Department of Tourism has so far helped mount over 20 so-called sweeper flights to help thousands of foreign tourists return to their home countries after the coronavirus pandemic virtually…
URC nets P10.1B | Inquirer Business
Gokongwei-led Universal Robina Corp. (URC) grew its net profit last year by 7 percent to P10.1 billion, driven by the recovery of the local coffee and ready-to-drink tea businesses alongside…
GSIS opens online application for nationwide COVID-19 emergency loan program
The Government Service Insurance System (GSIS) on Thursday (April 16) opened online applications for its COVID-19 emergency loan program available nationwide. In a statement, the GSIS said it set aside…
London think tank: PH economy to shrink 4 percent in 2020
London-based Capital Economics on Thursday (April 16) said the Philippine government’s projections of flat growth or, in the worst case, contraction of as much as 1 percent in 2020 was…
Diokno delivers early on promised rate cuts as COVID-19 accelerates BSP timetable
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno on Thursday (April 16) cut key interest rate by half a percentage point — five weeks earlier than the next scheduled meeting…
COVID-19 uncertainty: Gov’t in search of more funds to keep helping poor, keep economy breathing
The government is on the lookout for more funds to sustain help to vulnerable sectors and keep the economy from total collapse as uncertainty lingers over the COVID-19 pandemic. Budget…