Auto firms seek gov’t help as sales slump 48.7%
The automotive industry is now asking the Department of Trade and Industry (DTI) for support as the pandemic might lead to worse problems than just the much fewer car sales…
60-day debt moratorium backed | Inquirer Business
MANILA, Philippines — Business groups lauded the compromise both houses of Congress reached on the moratorium on debt payments to ease the difficulties of Filipinos during the COVID-19 quarantine in…
DTI wants tax perks included in Bayanihan 2
The Department of Trade and Industry (DTI) wants the Bayanihan 2 bill to include tax perks that would encourage businesses to keep at least 90 percent of their workforce, a…
VistaLand first-half earnings drop | Inquirer Business
The Villar family’s Vista Land & Lifescapes Inc. sees a challenging period ahead as earnings took a hit during the first semester of the year. The company, however, pointed to…
Stocks seen rising on hopes of lockdown easing
Philippine stocks could resume their uptrend this week as investors bank on less COVID-19 restrictions despite rising infections. The Philippine Stock Exchange index (PSEi) last week rose almost 4 percent…
SEC relaxes rules on small investors
The Securities and Exchange Commission (SEC) is making it easier for small investors to open accounts to boost participation in the capital markets. The SEC has issued new rules for…
NEA fulfills co-ops’ loan requests, but cash flow in danger
Electric cooperatives have already secured a total of P343.4 million in loans from the National Electrification Administration (NEA) at end-July, bulk of which was used to bring power to communities…
Life insurers, regulator back 60-day payment grace period under Bayanihan 2
MANILA, Philippines — Life insurers and the insurance regulator on Sunday said they support the moves in Congress for a payment moratorium of only up to 60 days under the…
Amid contactless boom, S. Korea steps into cashless society
BC Card’s QR payment system. BC Card via The Korea Herald/Asia News Network SEOUL — Cashless stores, digital payment and contactless banking all existed before the pandemic swept South Korea’s…
Filipinos eke out a living online as COVID-19 pandemic decimates jobs and incomes
A food deliveryman in a village in Quezon City, Metro Manila, Philippines, on Aug 7, 2020. EPA-EFE via The Straits Times/Asia News Network MANILA, Philippines — By 1 pm, dietitian…