BSP: Remittance drop accelerates in May, down by almost a fifth
MANILA, Philippines — Dollars sent to the Philippines by the country’s large expatriate workforce declined by nearly a fifth in May as more Filipinos lost their jobs overseas due to…
Microsoft confirms talks seeking to buy US arm of TikTok
A man wearing a shirt promoting TikTok is seen at an Apple store in Beijing on Friday, July 17, 2020. U. S. President Donald Trump says he wants to take…
ADB sees 20.2% drop in PH remittances in 2020
MANILA, Philippines — Remittances from Filipinos abroad are expected to drop by 20..2 percent this year amid a COVID-19 pandemic-induced global recession, putting households dependent on these cash transfers at…
Indonesia reopens migrant worker placement to boost economy amid coronavirus pandemic
Indonesian migrant workers from East Java occupy a rented house in Klang Lama, Kuala Lumpur on March 27. Indonesian workers in Malaysia have faced difficulties providing for themselves after Malaysia…
SM Prime’s H1 profit down 46%
SM Prime prexy Jeffrey Lim and chair Henry Sy Jr. Local property giant SM Prime Holdings Inc. booked a 46 percent year-on-year decline in first semester net profit to P10.4…
South Korean telcos beef up videoconferencing services amid pandemic
SK Telecom-Yonhap via The Korea Herald/Asia News Network SEOUL — South Korean telecom companies are ramping up moves to improve their videoconference services to meet rising demand amid the COVID-19…
Return to MECQ risks reversing economic recovery path
MANILA, Philippines — Bringing back Metro Manila and neighboring provinces that accounted for over two-thirds of the economy to more stringent lockdown would slow recovery even as President Duterte’s chief…
Asian markets mostly lower as virus forces new lockdowns
A lack of substantial progress by US lawmakers on a new stimulus package is also frustrating traders, while China-US tensions continued as the White House considers measures against Chinese tech…
Globe appeals to LGUs to ease fees and expedite permits to improve connectivity
Globe President and CEO Ernest Cu appealed to LGUs to rationalize fees and expedite the processing of permits thereby enabling the industry to build the infrastructure needed to improve connectivity…
A gem of a residence in the new normal
The brisk sales it saw in the first quarter of the year revealed a healthy financial condition that enabled it to continue thriving and expanding amid the COVID-19 pandemic. But…