UN forecasts pandemic to shrink world economy by 3.2%
UNITED NATIONS — The United Nations forecast Wednesday that the COVID-19 pandemic will shrink the world economy by 3.2% this year, the sharpest contraction since the Great Depression in the…
Rocky road ahead for ‘sharing economy’ platforms amid pandemic
In this file photo taken on April 15, 2020 a protestor wears a face mask and gloves as Uber and Lyft drivers with Rideshare Drivers United and the Transport Workers…
COVID-19 pandemic makes Filipinos mindful of personal finances
With the uncertainties brought about by the current crisis, Filipinos are now looking at various ways to address their personal finance concerns, making it the most-read topic on the internet…
Land Bank distributes P24.7M to OFWs displaced by pandemic
The Land Bank of the Philippines (LBP) has already released P24.7 million in cash aid to overseas Filipino workers (OFWs) displaced by the COVID-19 pandemic . In a statement on…
Asian shares mixed after Wall St dips on pandemic worries
TOKYO — Asian shares were mixed Thursday after a decline on Wall Street after more depressing data rolled in on the devastation sweeping the global economy. A man stands near…
PH GDP contracts 0.2% in Q1; COVID-19 pandemic ends 84 -quarter growth streak
This photo taken on January 29, 2019 shows a general view of the skyline of the financial district of Makati in Manila. (Photo by Ted ALJIBE / AFP) MANILA, Philippines…
BSP says PH banking system strong enough to withstand pandemic
The country’s banking system is strong enough to withstand the economic downturn caused by the coronavirus pandemic, thanks to the industry’s prudential measures and conservative practices, the central bank said…
COVID-19 pandemic leads some firms to rethink China exposure, turn sights on Southeast Asia
Vietnam has been assessed to have handled the pandemic well. PHOTO: EPA-EFE via The Straits Times/Asia News Network WASHINGTON — How countries respond to and manage the Covid-19 pandemic is…
Korean Air to submit self-rescue plan amid coronavirus pandemic
Yonhap via The Korea Herald/Asia News Network SEOUL — Korean Air Lines Co., South Korea’s top flag carrier, will draw up a 1.5 trillion won ($1.23 billion) self-rescue plan, including…
Holcim profit down in Q1 as pandemic slowed construction
The country’s leading cement maker Holcim Philippines posted a 28.7-percent year-on-year drop in first quarter net profit to P501.54 million due to softer prices and lower selling volumes, particularly in…