SMC operations suffer due to pandemic
Conglomerate San Miguel Corp. (SMC) saw a 91-percent year-on-year drop in first-quarter net profit to P1.09 billion as the lockdown measures required to address the new coronavirus (COVID-19) pandemic gnawed…
EasyJet to cut a third of workforce as pandemic hits travel
FILE – In this file photo dated Wednesday, April 23, 2008, an EasyJet jetliner lands at the Milan Linate airport, Italy. European budget airline eastJet said Thursday May 28, 2020,…
PLDT latest to fall victim to increased cyberattacks during pandemic
Telco giant PLDT Inc. was the latest to fall victim to hackers, underscoring the real threat of cyberattacks as the COVID-19 pandemic sweeps the globe. For more than an hour…
As pandemic hits dollar inflow, BSP chief says PH can benefit from investment shifts
The country’s top monetary authority is reexamining its forecasts for the movement of foreign funds into or out of the country this year — a key determinant of the peso’s…
300,000 Myanmar migrant workers in Thailand jobless due to COVID-19 pandemic
YANGON — More than 300,000 Myanmar migrant workers in Thailand are facing unemployment due to COVID-19 pandemic, said Htoo Chit, Executive Director of the Foundation for Education and Development based…
S. Korea to keep aggressive spending to address coronavirus pandemic
(Yonhap) via The Korea Herald SEJONG — South Korea will maintain its aggressive fiscal spending as it is set to unveil the third extra budget early next month to minimize…
Long term foreign investments in PH surged early this year before pandemic
Long term foreign investments in the Philippines surged in the first month of this year, but the central bank noted that this was before the government gave stay-at-home orders that…
‘Commendable act’: DOF lauds firms that paid taxes early despite COVID-19 pandemic
The Department of Finance (DOF) on Monday (May 25) lauded the companies that did not wait for extended deadlines to pay their taxes, helping the government raise revenue during the…
Korean firms brace to bounce back from pandemic
Yonhap via The Korea Herald/Asia News Network SEOUL — Major South Korean companies have resumed operations at their overseas plants and are speeding up business normalization since suffering disruptions from…
Filipino dollar millionaires turn to gold for pandemic security
The Philippines’ dollar millionaires are bracing for the prolonged impact of the new coronavirus disease (COVID-19) pandemic by moving their money not into stocks or bonds, but into a more…