CebuPac sees brighter days ahead despite pandemic gloom
Budget airline Cebu Pacific expects to weather the impact of the COVID-19 pandemic despite suffering a major financial loss in the first six months of 2020. In a stock exchange…
Rare recession success story: Shopback sees record 18M online purchases
MANILA, Philippines—An app that allows users to earn portion of what they spend on online purchases sees a record high of more than 18 million orders this year, one of…
NLEx sees completion of SFEx expansion by end of 2020
The expansion of the 8.2-kilometer Subic-Tipo Expressway (SFEx)is expected to be completed by the end of 2020. (Photo from NLEx) SUBIC BAY FREEPORT –– The P1.6-billion infrastructure project to expand…
Fitch Ratings sees ‘larger investments’ by telcos in 2021
MANILA, Philippines — A credit rating agency is seeing local telecommunications companies infusing more investments next year amid “regulatory pressure and looming competition.” Fitch Ratings said in a statement Friday…
BSP chief sees no doomsday scenario in PH economy
The Philippines’ macroeconomic fundamentals remain sound despite a record contraction of gross domestic product due to the impact of the coronavirus pandemic, according to the central bank chief. Bangko Sentral…
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…
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…
Singapore sees worst-ever quarterly fall in employment in Q2 as retrenchments double
The number of workers here plunged by 121,800 in the second quarter, according to preliminary data released by the Ministry of Manpower. LIANHE ZAOBAO via The Straits Times/Asia News Network…
BSP sees spike in Pinoys’ owning financial accounts
Benjamin Diokno Almost a third of Filipinos now have financial accounts, up from slightly less than one-fourth of the population only two years ago—a level that is expected to rise…
COVID-19 kick: UK think tank sees economic recovery slowest in PH, 2 other countries
Near-term recovery from an economy made sick by the COVID-19 pandemic would be slowest in the Philippines, India and Indonesia, according to experts of a United Kingdom-based think tank. These…