ADB warns global cost of virus could top $4 trillion
MANILA, Philippines — The COVID-19 pandemic could cost the global economy $4.1 trillion as it ravages the United States, Europe, and other major economies, the Asian Development Bank (ADB) warned…
Asian stocks mixed after Wall Street rises on pricier oil
BEIJING — Asian stocks were mixed Friday after Wall Street gained for the first time in three days on stronger oil prices despite enduring uncertainty about how long the global…
SEC warns against scammers exploiting COVID-19 crisis
SEC Chair Emilio Aquino The Securities and Exchange Commission (SEC) has warned the public against dealing with individuals and groups exploiting the COVID-19 pandemic to defraud investors and consumers. In…
IMI suspends operations in Mexico
Ayala-led electronics manufacturing service provider IMI has suspended operations in Mexico in line with measures adopted by the government to curb the coronavirus (COVID-19) pandemic. Mexico – which contributes about…
LBC donates P50M worth of reusable masks
LBC’s reusable mask Logistics provider LBC Express group has committed P50 million to help vulnerable Filipino communities mitigate risks of coronavirus (COVID-19) infection by supplying them with washable two-ply face…
Economists call for “calibrated easing” of ECQ
Foundation for Economic Freedom FEF is a non-profit advocacy group for good economic governance and market-friendly reforms A group of prominent economists appealed to the government to end the Luzon-wide…
Wall Street rises for first time in three days as oil spurts
NEW YORK — Wall Street rallied Thursday for its first gain in three days after a sudden surge in oil prices revived beaten-down energy stocks. But, as has so often…
BPO sector seen to help temper downturn
With the COVID-19 pandemic widely expected to cause a global recession, the Philippine business process outsourcing (BPO) sector can be part of the solution to counter the downturn in the…
Donated PPEs from overseas exempt from donor’s tax
Imported personal protective equipment (PPE) and other medical supplies to be used in the fight against the new coronavirus disease (COVID-19) will not only enjoy tax- and duty-free entry but…
In preparedness vs virus, vulnerable PH at bottom with India
The Philippines is near the bottom in terms of health care spending among 20 emerging markets ranked according to their preparedness vis-a-vis the new coronavirus disease (COVID-19), but the country’s…