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MANILA, Philippines — The Philippines’ war chest against COVID-19 breached the P1-trillion level as of June, the latest data compiled by economists at the Manila-based Asian Development Bank (ADB) showed,…
The Department of Budget and Management (DBM) last month made additional cuts in this year’s budgets for infrastructure and national defense as it reallocated more funds for the government’s new…
(Clockwise) Fintech startup Viva Republica CEO Lee Seung-gun, Naver Financial Group CEO Choi In-hyuk, K bank CEO Lee Moon-hwan and Kakao Bank CEO Yoon Ho-young (Yonhap and respective companies via…
MANILA, Philippines — The Department of Budget and Management (DBM) last month inflicted additional cuts in this year’s budgets for infrastructure and national defense as it reallocated more funds into…
Budget carrier AirAsia Philippines is laying off hundreds of workers by the end of this month as the COVID-19 pandemic is forcing the airline industry to shift to survival mode.…
The Department of Budget and Management (DBM) has already released P2.4 billion from this year’s calamity funds for COVID-19 expenses. Documents showed that the DBM issued special allotment release orders…
The Korea Herald/Asia News Network SEOUL — The ranking of South Korea’s richest people by their stock value changed drastically upon the COVID-19 pandemic, a survey released by CEOScore showed.…
Government borrowings to finance COVID-19 response have driven debts through the roof, pushing total to a new high of P8.6 trillion in April alone. At least two-thirds of the debts…
Despite more funds needed to continue responding to the COVID-19 crisis, the Philippines can afford to widen its budget deficit to only up to 9 percent of gross domestic product…
Samchuly Bicycle’s Phantom Q. Samchuly Bicycle via The Korea Herald/Asia News Network SEOUL — South Korean bicycles maker Samchuly Bicycle said Monday its sales of electric bicycles have surged as…
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