UK think tank: PH economy to be ‘badly hit’ by COVID-19 pandemic
The Philippines is one of emerging markets that would take a big hit from the economic disruption of the COVID-19 pandemic, which would be made even worse by insufficient health…
Asian shares advance after stimulus surge on Wall Street
BANGKOK — Shares advanced on Friday in Asia after Wall Street logged a third straight day of gains with the approaching congressional approval of a massive coronavirus relief bill. Tokyo…
Max’s Group suspends store operations nationwide until April 14
The country’s leading casual dining chain operator Max’s Group Inc. (MGI) has suspended operations of all local food retailing operations, citing the need to help mitigate risk of further COVID-19…
BPI raises P33.9B from bond issue
Ayala-led Bank of the Philippine Islands (BPI) has raised P33.9 billion from a warmly-received bond offering that was completed before Metro Manila was locked down. In a disclosure to the…
Banks appeal for understanding amid service constraints
The Bankers Association of the Philippines (BAP) appealed to the public to bear with limited banking services at this time that these financial institutions were operating only with a skeleton…
Top firms boost food donations
San Miguel President Ramon S. Ang. AP FILE PHOTO Big conglomerates have committed more resources to help feed the most vulnerable households as well as healthcare workers and enforcement personnel…
Stocks surge again after relief bill passed; indexes up 6%
NEW YORK — Stocks marched higher for a third straight day Friday as a massive coronavirus relief bill moved closer to passing Congress and Wall Street took some historically bad…
PH economic slowdown seen to persist through Q1 2021
The COVID-19 pandemic is likely to gnaw sharply on the Philippine economy until the first quarter of 2021 alongside a steeper global economic downturn and the tightening of global financing…
DA: PH has enough rice stocks amid Vietnam’s import halt
The country’s agriculture chief has assured the consuming public of adequate rice supply following Vietnam’s decision to suspend its rice exports. The decision was made by the Vietnamese government to…
Guidelines on manning capital markets out
The Securities and Exchange Commission (SEC) has issued guidelines on the accreditation of people who will run the country’s capital market infrastructure during the lockdown of Luzon. It also issued…