Asian shares skid amid virus woes, China-US trade tensions
TOKYO — Asian shares were mostly lower Friday in lackluster trading, as trade tensions between the U.S. and China offset optimism about more fiscal stimulus for the ailing U.S. economy.…
Lockdown cost Baguio, Benguet power utility P126M loss, adding to Cordillera recovery woes
BAGUIO CITY –– The shuttering of businesses in Baguio City and Benguet province has cost power utility Benguet Electric Cooperative (Beneco) as much as P126 million in foregone revenues since…
Duterte’s telco takeover threat compounds red tape woes: 200 days to get permits
From breaking the duopoly to recent threats of a takeover, President Rodrigo Duterte’s relationship with industry giants PLDT Inc. and Globe Telecom has been a tense affair since the start…
Microsoft’s cloud business helps offset pandemic woes
The Microsoft logo in Issy-les-Moulineaux, outside Paris, France (Image: AP/Michel Euler) Ongoing demand for Microsoft’s cloud computing services helped soften the blow of the coronavirus pandemic on the software giant’s…
Supply chain woes may offset PH gains from low oil prices
Low global oil prices stand to benefit the Philippines in the long run but its near-term impact on domestic consumer prices may be offset by supply chain disruptions caused by…