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Wall Street jumps 3.4%, actually holds on this 2020-04-08 18:29:25NEW YORK  — Stocks shot to a 3.4% gain on Wall Street Wednesday as investors chose to focus on the optimistic side of data about the corona

Flat growth or 0.8% GDP contraction seen in 2020-04-08 17:28:57The Duterte administration’s chief economic manager on Wednesday said the extension of the enhanced community quarantine in Luzon would result i

BIR: Donations to COVID-19 response tax-deductible 2020-04-08 17:28:03Donations in cash and in kind in response to the COVID-19 pandemic are exempt from donor’s tax and can be deducted from the taxable gross income

Imports slump as pandemic affects trade with China 2020-04-08 17:26:52Imports slid by more than a tenth in February as shipments from China—the Philippines’ top source of foreign-made goods—contracted a

Pru Life offers free 45-day insurance to 500K 2020-04-08 17:22:15Life insurer Pru Life UK is offering free one-time 45-day co­ro­na­virus disease (COVID-19) protection and personal accident cove­rage

Public warned against 5 more investment scammers 2020-04-08 17:20:55The Securities and Exchange Commission (SEC) has flagged five more entities that are illegally soliciting investments from the public, taking advantag

PH stocks run-up stalls; index down 2.46% 2020-04-08 17:18:08The local stock barometer pulled back on Wednesday as investors pocketed recent gains ahead of the long Lenten holiday break. The main-share Philippin

Online prayers 2020-04-08 17:16:10On this Holy Thursday, let us devote our time to prayer. “Only prayer, the nod of friendship with God, can sustain life in all situations, espec

Rice imports to help PH, not hurt local 2020-04-08 17:14:25The country’s grains agency has assured local farmers that the government’s planned importation of rice would not adversely affect their l

Razon: Count losses later on, PH yet to 2020-04-08 17:12:52Businesses should prepare for tougher times as the go­v­ernment prioritizes feeding the poor while consumers—the main pillar of the Phil

NEA backs electric co-ops’ plea for relief 2020-04-08 17:10:33The National Electrification Administration (NEA) is backing an appeal by electric cooperatives for an indefinite extension—indefinitely or unti

Workers in health maintenance, insurance firms exempted, too, 2020-04-08 08:00:43Professionals who work for health maintenance organizations (HMO) and insurers providing health products can help in the frontlines against the COVID-

philstar.com - Business

Finding grace in the freefall 2020-04-08 12:00:00There has never been a time in recent years when so many questions about the future have been raised.

No time to waste: A pandemic financial recovery 2020-04-08 12:00:00Most countries hit by the coronavirus are now agonizing over what they can do to prevent their economies from sliding into a deep and long recession.

2 nickel firms voluntarily suspend operations 2020-04-08 12:00:00Listed firms Nickel Asia Corp. and Global Ferronickel Holdings Inc. have voluntarily suspended their operations amid the coronavirus disease 2019 or C

Moody’s, AMRO downgrade Philippines growth forecast 2020-04-08 12:00:00Moody’s Investors Service further slashed its 2020 gross domestic product growth forecast for the Philippines to 2.5 percent as the government e

Lotte to reopen tender offer for Pepsi shares 2020-04-08 12:00:00Lotte Chilsung Beverage Co. Ltd. intends to complete its acquisition of shares in Pepsi-Cola Products Philippines Inc. soon.

How we’re to win the war against COVID-19 2020-04-08 12:00:00Last Tuesday, President Duterte approved the recommendation of the Inter-Agency Task Force to extend the Luzon-wide enhanced community quarantine unti

Smart beats Globe in mobile network experience 2020-04-08 12:00:00PLDT wireless unit Smart Communications has again topped its rival Globe Telecom in various metrics for mobile network experience, according to mobile

PAL faces biggest challenge since World War II 2020-04-08 12:00:00Valentine’s Day of 1946 was a historic day for Philippine Airlines.

Electronics exports unlikely to hit 5% growth target 2020-04-08 12:00:00Electronics exports are not likely to hit the projected five percent growth for 2020 amid the coronavirus crisis, the Semiconductors and Electronics I

Trade deficit narrows in February 2020-04-08 12:00:00The country posted its smallest trade deficit in more than two years in February as imports declined, and exports continued to grow although at a much

Early taxpayers to be allowed to amend tax 2020-04-07 12:00:00The Bureau of Internal Revenue has allowed early taxpayers to make corrections in their tax returns before the extended deadlines without penalties.

Metrobank allots up to P5 billion capex this 2020-04-07 12:00:00Metropolitan Bank & Trust Co. is spending as much as P5 billion for its capital expenditures this year, half of which has been earmarked for infor

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Labella: postpone collection of my constituents’ monthly dues 2020-03-17 12:48:00AS MOST Cebu City residents reel financially due to business disruptions caused by the coronavirus disease 2019 (Covid-19) pandemic, Mayor Edgardo Lab

Guv to national agencies: Help minimum wage earners 2020-03-17 12:47:00CEBU Governor Gwendolyn Garcia has met on Tuesday, March 17, 2020 with officials of national government agencies in Central Visayas to discuss program

Cebu Archdiocese suspends all public masses 2020-03-17 04:01:00STARTING Wednesday, March 18, 2020, all public Masses and other religious gatherings in the Archdiocese of Cebu have been suspended indefinitely or un

Mayor stops demolition in La Guardia 2020-03-12 11:10:00CEBU City Mayor Edgardo Labella ordered the stoppage of demolition on a private lot in Sitio La Guardia, Barangay Lahug, invoking the earlier agreemen

Metro Manila under 'lockdown' 2020-03-12 08:51:00PRESIDENT Rodrigo Duterte on Thursday, March 12, placed the entire Metro Manila under "community quarantine" for 30 days as he approved the recommen

New cases detected: 9 2020-03-10 11:57:00THE Department of Health (DOH) has reported nine new confirmed cases of the coronavirus disease (Covid-19) in the country, bringing the total to 33.DO

DOH: No more PUIs in Central Visayas 2020-03-09 12:11:00THERE are no more patients under investigation (PUI) and people under monitoring (PUM) in Central Visayas, DOH 7 Director Jaime Bernadas said in a pre

Central Visayas' tourism receipts ‘fell’ in February amid 2020-03-09 11:51:00THE Department of Tourism (DOT) 7 projected P2.2 billion in foregone revenues from the Chinese market alone because of the Covid-19 outbreak in Februa

2 men arrested; P7.4-M shabu confiscated in Tejero 2020-03-09 11:35:00TWO high-value drug targets were arrested during a buy-bust operation in Sitio IKP Villagonzalo 1, Barangay Tejero, Cebu City on Monday, March 9, 2020

The Standard

SM Foundation distributes ICU-grade ventilators to hospitals 2020-04-08 04:23:32In a bid to support the full recovery of COVID-19 patients, SM Foundation has delivered several intensive care unit-grade ventilators to medical insti

Market retreats; BPI, SM Prime lead losers 2020-04-08 04:20:18The stock market tumbled Wednesday on profit-taking as investors closely track developments in the coronavirus crisis, while the oil market continued

15 Filipinos included in Forbes 2020 billionaires list 2020-04-08 03:55:15Fifteen Filipinos were included in the latest list of 2,095 billionaires compiled by Forbes magazine in March 2020 despite the coronavirus disease 201

NEA backs indefinite extension to settle EC power 2020-04-08 03:35:37The National Electrification Administration (NEA) endorsed the appeal of electric cooperatives (ECs) to extend the deadline of their payment of dues a

Exports rise 2.8% ahead of Luzon lockdown 2020-04-08 03:15:08Exports rose for the second straight month in February ahead of the Luzon-wide enhanced community quarantine imposed by the government in mid-March to

USSC expands Super Padala network with Cebuana Lhuillier 2020-04-08 02:20:09Guided by a mission of promoting greater financial inclusion among all Filipinos through innovative and affordable financial solutions, microfinancial

New Kinpo Group to produce 1,000 ventilators and 2020-04-08 02:15:52New Kinpo Group CEO Simon Shen informed the Department of Trade and Industry of its immediate plans for its Philippine subsidiary, Cal-Comp Philippine

SMC uses P500-million fund for medical front-liners to 2020-04-08 02:00:20San Miguel Corporation (SMC) will purchase the first 10,000 sets of personal protective equipment (PPE) to be produced by a local garment manufacturer

ATI’s cruise terminal to aid government efforts against 2020-04-08 01:50:09The international cruise terminal operated by Asian Terminals Inc. (ATI) at Pier 15 of Manila South Harbor is shifting its role to serve a higher and

Rizal Memorial phase 1 Covid-19 facility completed 2020-04-08 01:45:21Phase 1 of the COVID-19 emergency facility at the Rizal Memorial Sport Complex (RMSC) has been completed, and is read to be used.

Lower expenditures cut February budget deficit 2020-04-06 08:50:00The budget deficit narrowed by more than 50 percent in February to P37.6 billion as government expenditures fell 12 percent and revenue collections ro

Market soars; URC, Globe rise 2020-04-06 08:30:00The stock market jumped Monday as some of the world’s worst-hit countries reported falling death rates, providing some much-needed hope in the b

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Covid-19 crisis: Map the coronavirus footprint across states 2020-04-05 10:09:19Check the spread of the coronavirus pandemic across states in India in this interactive map

Govt considering another package to minimize lockdown impact: 2020-04-05 10:00:00If a package is announced, it would be the third major initiative by the government to tackle the challenges thrown up by the rapid spread of coronavi

Covid-19: Gartner revokes job offers at IIMs; IITs 2020-04-05 09:42:12With countries closing borders and entering into lockdowns, recruiters, especially MNCs, are revisiting their hiring plans and are either revoking of

Covid-19 cases doubling every 4.1 days due to 2020-04-05 08:29:11Joint Secretary in the ministry Lav Agarwal said there had been 472 new COVID-19 cases and 11 deaths since Saturday

Substantial recovery likely against IL&FS Rs 94k cr 2020-04-05 08:25:14The NCLAT has approved the entire proposal of the government, which is in the "final stages of resolution"

Coronvirus: EPFO to accept Aadhaar as birth proof 2020-04-05 08:05:43Earlier, the EPFO allowed its subscribers to withdraw three months basic pay and dearness allowance as non-refundable advance on the ground of COVID-1

Life in trains post lockdown: Railways plans do's 2020-04-05 07:49:20Officials added the railways will also have to factor in how the lockdown is eventually opened. If it is selective, then trains will only run in areas

Life insurance policyholders get 30 days more to 2020-04-05 06:38:00Irdai has already provided additional time for payment of renewal premium in case of health insurance policies and motor third party insurance.

Govt tightens export ban on anti-malarial drug amid 2020-04-05 06:13:46On March 25, the government banned export of anti-malarial drug hydroxychloroquine with immediate effect to ensure sufficient availability of the medi

Lockdown would have deeper impact, 52% foresee job 2020-04-05 05:51:47"The expectations of this sharp decline in both revenue and profit growth by domestic firms could foretell the significant impact of this outbreak on

Covid-19: 26,000 quarantined after 10 feast attendees test 2020-04-05 05:41:43The man initially hid his travel history, but revealed it after he and his wife tested positive for coronavirus on April 2, Chief Medical and Health O

Covid-19: Air Deccan halts operations, staff put on 2020-04-05 05:25:19In view of the recent global and domestic issues and directive by Indian regulator to suspend flights till April 14, Air Deccan has no option but to c

Trading Economics

Philippines Inflation Rate 2020-04-07 00:32:00The inflation rate in Philippines was recorded at 2.50 percent in March of 2020. Inflation Rate in Philippines averaged 8.28 percent from 1958 until 2

Philippines Core Consumer Prices 2020-04-06 23:23:00Core Consumer Prices in Philippines increased to 121.70 points in March from 121.60 points in February of 2020. Core Consumer Prices in Philippines av

Philippines Food Inflation 2020-04-06 22:38:00Cost of food in Philippines decreased 0.90 percent in September of 2019 over the same month in the previous year. Food Inflation in Philippines averag

Philippines Manufacturing Production 2020-04-06 21:31:00Industrial Production in Philippines decreased 1.80 percent in February of 2020 over the same month in the previous year. Industrial Production in Phi

Philippines CPI Transportation 2020-04-06 21:25:00The transportation sub-index of the CPI basket in Philippines decreased to 104 points in March of 2020 from 105.90 points in February of 2020. CPI Tra

Philippines CPI Housing & Utilities 2020-04-06 21:25:00CPI Housing Utilities in Philippines decreased to 114.60 points in March from 114.70 points in February of 2020. CPI Housing Utilities in Philippines

Philippines Consumer Price Index (CPI) 2020-04-06 21:24:00Consumer Price Index CPI in Philippines decreased to 122.30 points in March from 122.40 points in February of 2020. Consumer Price Index CPI in Philip

Philippines Inflation Rate MoM 2020-04-06 21:12:00The Consumer Price Index in Philippines decreased 0.10 percent in March of 2020 over the previous month. Inflation Rate Mom in Philippines averaged 0.

Philippines Core Inflation Rate 2020-04-06 21:02:00Core consumer prices in Philippines increased 3 percent in March of 2020 over the same month in the previous year. Core Inflation Rate in Philippines

Philippines Coronavirus Recovered 2020-04-06 16:14:00Philippines recorded 64 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Philippines rep

Philippines Coronavirus Deaths 2020-04-06 16:13:00Philippines recorded 152 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Philippines repor

Philippines Coronavirus Cases 2020-04-06 16:13:00Philippines recorded 3414 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Philippines repor

Reuters: Business News

Futures turn higher after Fed stimulus, jobless claims New! 2020-04-09 08:54:31U.S. stock index futures turned higher on Thursday after data showed jobless claims fell last week and the Federal Reserve rolled out a broad $2.3 tri

Fed rolls out $2.3 trillion to backstop "Main New! 2020-04-09 08:47:02The U.S. Federal Reserve on Thursday rolled out a broad, $2.3 trillion effort to bolster local governments and small and mid-sized businesses in its l

Bloomin' Brands, Jana Partners agree to nominate two New! 2020-04-09 08:42:56Bloomin' Brands Inc and Jana Partners said on Thursday they have agreed to add two new independent directors to the Outback Steakhouse owner's boar

U.S. weekly jobless claims top 6 million for New! 2020-04-09 08:40:00The number of Americans seeking unemployment benefits in the last three weeks has topped 15 million, as weekly new claims topped 6 million for the sec

Oil prices rise on hopes OPEC+ will agree New! 2020-04-09 08:36:22Oil prices rose on Thursday on expectations the world's leading crude producers will at a meeting later in the day overcome obstacles that have so fa

Hyundai's Czech plant set to restart after coronavirus New! 2020-04-09 08:34:05Hyundai Motor Co's Czech plant plans to restart on April 14 after a three-week production outage as part of efforts to fight the coronavirus, becomi

Exclusive: JPMorgan looking to offload Saudi and UAE New! 2020-04-09 08:32:08JPMorgan is seeking to sell at a discount loans raised by the sovereign wealth funds of Saudi Arabia and the United Arab Emirates, according to two s

Index Ventures raises $2 billion for early-stage, growth New! 2020-04-09 08:26:17Venture capital firm Index Ventures said on Thursday it had raised $2 billion for early-stage and growth investments, backing entrepreneurs it reckons

California developer says virus an act of God, New! 2020-04-09 08:23:29A California retail developer claims the state's coronavirus lockdown was an act of God that prevented it from completing a $4.2 million property acq

IMF chief says pandemic will unleash worst recession New! 2020-04-09 08:02:55The pandemic sweeping the world will turn global economic growth "sharply negative" in 2020, triggering the worst fallout since the 1930s Great Depr

Costco set to open new store in China's New! 2020-04-09 07:42:41U.S. retail giant Costco will open a new store in China's eastern city of Suzhou, near Shanghai, state media reported on Thursday.

Saudi, Russia debate record oil cut as U.S. New! 2020-04-09 07:40:37OPEC and Russia will discuss record oil output cuts on Thursday to support prices hammered by the coronavirus crisis but talks are complicated by inte

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