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More than half of German companies are holding back their investments in the Philippines because they find the economy too restrictive, data showed. This is according to a survey done…
Yonhap via The Korea Herald/Asia News Network SEOUL — South Korea’s volume of short-term floating capital — so-called “idle funds” — surpassed 1,100 trillion won ($901 billion), hitting a record-high…
Grocery chain operator Puregold Price Club Inc. has emerged unscathed from the earnings pressure caused by the new coronavirus disease (COVID-19) pandemic, as consumers stocked up on essential goods even…
Sen. Grace Poe on Friday (May 29) praised the private sector’s early action in the fight against the novel coronavirus disease (COVID-19) amid what was described as the Duterte administration’s…
The Philippines secured a total of $1.25 billion in loans from two multilateral lenders last Thursday (May 28), filling its war chest in the fight against COVID-19. The China-led Asian…
The Philippine government would need bigger fiscal support, which could mean more public money, directed toward COVID-19 response than it already has as it gradually opens the economy although cases…
The China-led Asian Infrastructure Investment Bank (AIIB) on Thursday (May 28) approved a second loan to the Philippines, worth $750 million, for COVID-19 response. Finance Undersecretary Mark Dennis Y.C. Joven…
The COVID-19 crisis will cost the Philippine economy P2.2 trillion in losses this year as firms shed profits while millions of workers lose their jobs and income. To ease the…
Economic recovery in the Philippines is nascent, or still emerging, as the country loosens up the most restrictive COVID-19 lockdown in Asia, according to a report of the Malaysian financial…
MANILA, Philippines — When President Rodrigo Duterte effectively placed the whole of the Philippines under lockdown on March 16, Mr Jason Bonzon’s towing business was hit hard. With Metro Manila…
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