P20B in T-bills sold as more cash expected through further rate, reserve cuts
The Bureau of the Treasury sold all P20 billion in T-bills on Monday (April 13) as the offering was met with strong demand due to expectations of further reduction in…
Wuhan restarts: top executives head to the city
Fosun International Executive Director and Chairman Guo Guangchang attends a news conference at Atlantis Sanya hotel in Sanya, Hainan province, April 28, 2018. via China Daily BEIJING — In the…
FDC retires $300M offshore debt
FDC and FLI president Josephine Gotianun-Yap. INQUIRER file photo Gotianun-led conglomerate Filinvest Development Corp. (FDC) has fully retired $300 million worth of offshore debt using excess cash and proceeds from…
Asian shares fall, oil gains after OPEC plus strikes deal
TOKYO — Shares were mostly lower Monday in Asia while crude prices gained more than $1 per barrel after OPEC and other oil producing nations agreed to cut output to…
Jomar Ang, son of SMC chief, passes away at 26
Jomar Ang—son of San Miguel Corp. president Ramon Ang—died last Saturday (April 11) in the morning after suffering a serious injury for which he was rushed to hospital in critical…
Digital economy growth gives push to virus fight
Developments in the digital economy arising from China’s anti-coronavirus fight are set to accelerate the country’s economic transformation. Photo by Cai Meng/China Daily/Asia News Network BEIJING — Developments in the…
Fruitas, Pan de Manila scale up partnership
Lester Yu Leading multi-brand kiosk operator Fruitas Holdings Inc. has diversified its distribution network through an expanded partnership with food retailer Pan de Manila. In a disclosure to the Philippine…
Free coffee for health heroes
During a crisis, there are those who step up and take on the burden of saving lives, usually at the cost of their own safety. These are the frontliners: medical…
Pandemic a ‘perfect storm’ for South Asia, World Bank says
People walk next to a graffiti drawn to bring awareness on social distancing at a temporary market set up at a bus stand during a government-imposed nationwide lockdown as a…
Physical distancing comes to factories
Factory workers at the General Santos facility of Century Pacific Food are front-liners, too. They observe all the safety protocols to avoid possible exposure to COVID-19. While most people are…