PH 7-Eleven network swung to P493M Q2 net loss
A 7-Eleven store Photo by LEO M. SABANGAN II. The country’s leading convenience store operator, Philippine Seven Corp., swung to a net loss of P493.5 million in the second quarter…
Asian shares mixed as US talks on stimulus still stalled
Stocks were mixed in Asia on Thursday despite strong gains overnight on Wall Street, where the rally just kept on rolling.Investors are watching to see if lawmakers will come ahead…
Steep rise in Thai mergers and acquisitions as firms fight off coronavirus crisis
The Nation/Asia News Network BANGKOK — The Covid-19 pandemic has sparked a steep rise in mergers and acquisitions, according to an expert at CIMB Thai Bank (CIMBT). Businesses are choosing…
AREIT completes P12.33B IPO, 2x oversubscribed
ALI top brassL-R top to bottom: ALI vice-chair Jaime Augusto Zobel de Ayala, chair Fernando Zobel de Ayala, president Bernard Vincent Dy, chief financial officer Augusto Bengzon at the ALI…
Officially a recession: PH GDP shrank 16.5% in Q2
A general view of the skyline of the financial district of Makati. (AFP) MANILA, Philippines–The Philippine economy contracted by a record 16.5 percent during the second quarter — at the…
Wall Street keeps rallying; S&P 500 back within 2% of record
NEW YORK — Wall Street’s big rally keeps rolling, and the S&P 500 rose for a fourth straight day Wednesday to sit just 1.7% below its record. Cloud computing company…
Inflation hits 6-month high | Inquirer Business
The lack of public transportation while more Filipinos returned to work during the gradual easing of the lockdown pushed transport costs higher for the second straight month in July, pushing…
Liberalized retail trade still gov’t priority
The Department of Trade and Industry (DTI) wants to make it easier for foreign businesses to set up shop here, easing their burden at a time when the health crisis…
MECQ finally calms market, but grim growth data lurks
The benchmark Philippine Stock Exchange Index (PSEi) gained on Wednesday as investors digested a slew of earnings reports and ahead of the government’s disclosure of the second quarter economic data.…
2 San Miguel projects get toll road status
Conglomerate San Miguel Corp. (SMC) won the Philippine government’s recognition for two proposed expressway projects—including an elevated road from Manila to Rizal province over the Pasig River—that will stretch hundreds…