P845M in EU grants to Mindanao eyed for COVID-19 response
The European Union (EU) and the Philippines are in talks to possibly divert at least P845 million in grants earlier set aside for peace-building initiatives in Mindanao to COVID-19 response…
ADB: PH’s COVID-19 war chest inched up to P1.04 trillion as of mid-July
MANILA, Philippines — The Philippines’ war chest against the COVID-19 crisis inched up to $21.046 billion (about P1.04 trillion) as of mid-July, although still lower than most of its Southeast…
Deeper fall in PH GDP seen as COVID-19 quarantine further extended
MANILA, Philippines — Extending the general community quarantine (GCQ) in Metro Manila and neighboring provinces that host the bulk of the country’s economic activities until this month’s end while COVID-19…
ADB says Cambodia to lose 390,000 jobs due to COVID-19
The ADB’s support will be targeted at businesses, households and individuals that have been adversely affected by the crisis. The Phnom Penh Post/Asia News Network PHNOM PENH — The Asian…
Resorts World Sentosa to retrench staff amid ‘devastating impact’ of COVID-19 pandemic
All affected workers will get “fair compensation”. RWS says it is also committed to working with the Government to help identify new career opportunities for retrenched workers. The Straits Times/Asia…
Rise in COVID-19 cases dampens investor sentiment; PSEi down to 6,100 level
The local stock barometer slid to the 6,100 level on Thursday as the continued rise in local COVID-19 cases continued to dampen investor sentiment. Bucking the upswing in global markets,…
COVID-19 kick: UK think tank sees economic recovery slowest in PH, 2 other countries
Near-term recovery from an economy made sick by the COVID-19 pandemic would be slowest in the Philippines, India and Indonesia, according to experts of a United Kingdom-based think tank. These…
Corporate debt funds eyed to prevent financial crunch amid COVID-19 crisis
SEC chair Emilio Aquino The Securities and Exchange Commission seeks to help prevent the coronavirus (COVID-19) pandemic from spawning local financial crunch by soon allowing the creation of new investment…
Singapore secures three of top five Southeast Asia deals despite COVID-19 slowdown
Singapore’s skyline on June 6, 2020. The Straits Times/Asia News Network SINGAPORE – Singapore clinched three of the top five private equity and venture capital deals struck in the region…
COVID-19 continues to hurt aviation, prompts Cebu Pacific to trim workforce by 25 percent
MANILA, Philippines—Cebu Pacific, the country’s largest budget airline, is reducing its workforce by 25 percent as it navigates a business environment dramatically reshaped by the novel coronavirus (COVID-19) crisis. Charo…