April inflation seen lower than previous months’ as COVID-19 crimps demand
The central bank on Tuesday (April 7) cheered the lower inflation rate in March, which was below February’s level, but said the pace of price increases for basic goods and…
Delay in 2019 budget blessing in disguise as more funds seen for COVID-19 fight
Who would have thought that the delayed approval of the P3.7-trillion 2019 national budget—which economic managers had blamed for last year’s eight-year low economic growth—will become another financial lifeline during…
Globe turns over 1,000 preloaded mobile phones to the country’s frontliners
Globe continues to support the connectivity needs of those at the forefront of the country’s COVID-19 response efforts by turning over 1,000 mobile phones to police, military, and naval forces…
Asian shares rise, echoing Wall St optimism on virus battle
TOKYO — Asian shares rose Tuesday, echoing the rally on Wall Street, amid a few glimmers of hope that the coronavirus pandemic could be slowing. People wearing face masks stand…
Max’s Group reopens after 10-day break
After suspending all restaurant operations for 10 days as a precautionary measure against the COVID-19 pandemic, the country’s leading casual dining chain operator Max’s Group Inc. (MGI) has resumed operations…
SEC contributes P2B to war chest vs COVID-19
SEC chair Emilio Aquino The Securities and Exchange Commission (SEC) has contributed P2 billion to boost the national government’s war chest against the COVID-19 pandemic. This contribution to national government’s…
Wall Street leaps 7%, markets rally worldwide on virus hopes
NEW YORK — Investors grabbed hold of a few glimmers of hope Monday that the coronavirus pandemic could be slowing and sent stocks surging in a worldwide rally, capped by…
PayMaya developer gets $120M local and international investments
MANILA, Philippines — One of the country’s leading financial technology platforms raised over P6 billion from local and international investors as the new coronavirus (COVID-19) pandemic bolsters demand for electronic…
Shakey’s PH nets P862M | Inquirer Business
Shakey’s president Vicente Gregorio Po family-led restaurant chain operator Shakey’s Pizza Asia Ventures Inc. grew its 2019 net profit by 2 percent to P862 million, driven by a double-digit growth…
BIR shutters illegal cigarette factory in Pampanga, seizes 1.6M packs
The Bureau of Internal Revenue (BIR) has shuttered in Pampanga an illegal manufacturer of cigarettes supposed to be exported to Malaysia, the Department of Finance (DOF) said. In a statement…