Bangko Sentral seen pausing on rate cuts
The Bangko Sentral ng Pilipinas (BSP) is widely expected to temporarily pause from monetary easing and keep the policy rate at 2.25 percent when its policy-making body meets on Thursday…
Small banks now lending more to SMEs thanks to BSP’s reserve cuts
MANILA, Philippines — The country’s rural and cooperative banks remain stable and are in a strong position to support the financing needs of micro, small, and medium enterprises as well…
UK think tank sees more interest rate cuts filling gap in PH’s fiscal response to COVID-19
A London-based think tank sees an interest rate cut of up to 50 basis points (bps) by Philippine monetary authorities to fill the gap in fiscal response to the COVID-19…
‘Digital hygiene’ cuts probability of being scammed
Create a separate email address solely for your bank transactions that you will never use for social media accounts. Turn on the one-time pin (OTP) feature on your accounts and…
Virus-hammered Air France announces 7,500 job cuts
Air France workers gather during a protest in front of the company headquarters in Tremblay-en-France, outside Paris Friday, July 3, 2020. (AP) PARIS — Air France and regional subsidiary Hop…
FLI expands rental portfolio, cuts residential inventory
Property developer Filinvest Land Inc. (FLI) aims to insulate itself from a potential downturn in the residential property segment by building up a P190 billion worth of investment portfolio that…
More cuts in infra, defense budgets go to COVID-19 response
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…
Nations try to get back on their feet but job cuts continue
A Bombardier plant is seen in Montreal on Friday. Bombardier Aviation is reducing its workforce by about 2,500 employees due to challenges caused by COVID-19. (The Canadian Press via AP)…
Group urges gov’t: Require jobs for corporate tax cuts
Simply lowering corporate income tax might prompt companies to just survive the COVID-19 pandemic, without any assurance that the tax cut would get them to either keep or hire more…
Virus-hit Fiji Airways cuts workforce by half
SUVA, Fiji — Pandemic-hit Fiji Airways fired more than half its workforce Monday, as travel restrictions put the islands’ vital tourism sector in deep freeze and reduced the national carrier’s…