VistaLand first-half earnings drop | Inquirer Business
The Villar family’s Vista Land & Lifescapes Inc. sees a challenging period ahead as earnings took a hit during the first semester of the year. The company, however, pointed to…
‘Worse than expected’: GDP drop lowest in 4 decades
Café owner Hans Cerdania did not need official economic figures to tell him the worst had come when he and his business partner closed shop, long before the government announced…
Bigger GDP drop in 2020 seen as NCR reverted to MECQ
The Washington-based Institute of International Finance (IIF) has further downgraded its economic outlook for the Philippines as full-year contraction is seen hitting a bigger 3.9 percent from 3 percent previously,…
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…
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…
Asia shares drop on jitters over virus, China-US friction
TOKYO — Shares fell in Asia on Tuesday as skepticism set in about the recent upward momentum in global markets given rising confirmed coronavirus cases and percolating tensions between the…
‘Force majeure’ sets off another drop in Meralco rates
Manila Electric Co.’s (Meralco) overall rates will decrease by 2.86 centavos per kilowatt-hour in the July billing, the fourth reduction in as many months, as the distribution giant continues to…
COVID-19 impact: DOLE sees 40% drop in OFW remittances for 2020
MANILA, Philippines — The Department of Labor and Employment (DOLE) is seeing a decrease in remittances from overseas Filipino workers (OFWs) by up to 40 percent or around $13 billion…
BMW to drop 6,000 jobs through turnover, early retirement
FRANKFURT, Germany — Automaker BMW says it will drop 6,000 jobs through early retirements and turnover, as the auto industry adjusts to a sharp drop in demand due to the…
ADB revises forecast for PH economy: 3.8 percent drop in GDP
The Asian Development Bank (ADB) sees growth across developing Asia-Pacific falling to a 59-year low largely because of the COVID-19 pandemic, with the Philippines suffering a 3.8 percent drop in…