PAL Holdings losses swell by 137% to P10.3B
The operator of flag carrier Philippine Airlines (PAL) said its losses widened by 137 percent in 2019 as it was hit by higher financing charges for new planes. PAL Holdings…
Blank TV screens: ABS-CBN’s fall spells losses for billion-peso ad industry
MANILA, Philippines — The day ABS-CBN Corp. was forced by the government to stop airing, advertising executives watched in horror as half their market vanished when millions of television screens…
PH output losses due to COVID-19 lockdown highest in Asean-5, says UK think tank
The COVID-19 lockdown imposed in Luzon and other parts of the country since mid-March already cost the Philippines forgone output worth 5.8 percent of its gross domestic product (GDP)—the highest…
Mitsubishi Motors predicts losses over pandemic
Mitsubishi Motor Co. logo is displayed at the Tokyo Auto show in Tokyo. Image: AP/Koji SasaharaTOKYO—Japanese automaker Mitsubishi Motors Corp. said Friday it expects 26 billion yen ($240 million) in…
BDO’s Q1 profit down 10% on trading, forex losses
BDO’s “ATM on Wheels bringing cash to customers during the ECQ” The country’s leading lender BDO Unibank saw a 10.2-percent year-on-year drop in first quarter net profit to P8.8 billion,…
PSEi recoups some losses, closes up by 4.78%
The local stock barometer raced back to the 5,700 level on Friday as investors across the region welcomed news about potential coronavirus disease (COVID-19) cure alongside plans to reopen the…
COVID-19 losses: IATA sees 400,000 PH jobs wiped out in grounding of air travel
More than 400,000 jobs in the Philippines would be wiped out even if demand for air travel—now largely decimated by COVID-19–starts to recover by the second half of 2020, according…
Stocks extend losses, oil trades below $20 on virus impact
A man walks by an electronic stock board of a securities firm in Tokyo, Monday, March 30, 2020. Asian shares started the week with further losses as countries reported surging…
Asian shares extend losses as toll from pandemic surges
BANGKOK — Asian shares started the week with fresh losses as countries reported surging numbers of infections from the coronavirus that has prompted shutdowns of travel and business in many…