COVID19 relief: DOF issues guidelines for loan payment moratorium
The Department of Finance (DOF) on Wednesday (April 1) released the guidelines for the 30-day loan payment moratorium under the Bayanihan to Heal as One Act. The DOF, together with…
Chinabank hikes ATM withdrawal limit to P50,000
Sy family-led China Bank has jacked up its daily automated teller machine (ATM) withdrawal limit to P50,000 from P20,000 to make it easier for customers to have enough cash at…
PH borrowers took more dollar loans in 2019, says BSP
Philippine borrowers took out more dollar-denominated loans from local banks in the fourth quarter of 2019 to meet their rising short term cash needs, according to the Bangko Sentral ng…
Dominguez: Mass COVID-19 tests ‘a must’
President Rodrigo Duterte’s chief economic manager said mass testing for COVID-19 is “a must” if the Philippines wanted the pain inflicted by the disease on both the health care system…
Amid Luzon lockdown, PH manufacturing PMI fell to record-low in March
MANILA, Philippines — The COVID-19 quarantine imposed in Luzon and other parts of the country since mid-March slashed nationwide manufacturing activity last month, leading to a record drop in the…
Asian stocks fall on lagging worries about virus, recession
TOKYO — Asian shares were mixed on Wednesday, on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions. A woman…
Manulife boosts benefits for COVID 19-stricken clients
Insurer Manulife Philippines has boosted insurance benefits for eligible clients who may be stricken with the dreaded coronavirus (COVID-19) until the middle of this year without additional premium cost to…
US stocks fall, capping Wall Street’s worst quarter since 2008
NEW YORK — Stocks fell Tuesday to close out Wall Street’s worst quarter since the most harrowing days of the 2008 financial crisis. AP Photo The S&P 500 dropped a…
Overstaying cargoes at congested Manila ports face seizure
MANILA, Philippines – The government has threatened to confiscate overstaying cargoes in Manila’s ports, accusing businesses of ignoring calls to withdraw their containers which have worsened harbor congestion amid the…
Detroit Auto Show 2020 cancelled
The 2020 Detroit Auto Show cancelled amidst coronavirus concerns. Image: AFP/Timothy Clary via AFP Relaxnews On Sunday, the Detroit Auto Show, originally set to take place in June, was officially…