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Government secures $4.858 billion loans for COVID response

The government has secured $4.858 billion in loans and grants from foreign lenders and multilateral institutions to finance its coronavirus disease 20Read More

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Inquirer Business

GOCC workers’ pay hike faces delay New! 2020-05-31 16:16:34With the government pushed to the limit given its limited resources, the COVID-19 crisis may claim another victim—the planned uniform and higher

BSP’s moves to lower cost of New! 2020-05-31 16:14:40The amount of money circulating in the local financial system rose sharply in the third month of 2020 as the central bank’s aggressive monetary

Market seen turning cautious New! 2020-05-31 16:13:25After rallying last Friday following the government’s decision to ease lockdown protocols in Metro Manila, local stocks are seen returning to a

COVID-19 ECQ delays WB-funded infra projects New! 2020-05-31 16:12:05The enhanced community quarantine (ECQ) imposed in Luzon and other areas with high COVID-19 cases since mid-March has delayed the implementation of bi

Think tank projects 7% economic contraction this year New! 2020-05-31 16:11:07While Metro Manila and other key regions are reopening for business after a two-month lockdown, the recovery in the upcoming quarters may neither be a

Law on safe use of LPG pushed New! 2020-05-31 16:10:11The passage of a law that ensures the safe use of cooking gas or liquefied petroleum gas (LPG) is being pushed in the Senate, with the alarm raised on

Foreign businesses seek five more years to keep New! 2020-05-31 16:09:06Foreign companies want to keep their tax breaks for at least five more years as the pandemic continues to inflict heavy losses on their operations her

Rockwell seeks nod on changes in bond New! 2020-05-31 16:08:36Upscale property developer Rockwell Land Corp. is seeking its bondholders’ consent to amend the covenant governing its P5-billion fixed rate bon

FocusEconomics cuts further 2020 growth forecast for New! 2020-05-31 16:07:27Barcelona-based FocusEconomics further downgraded its economic outlook for the Philippines, with gross domestic product (GDP) projected to shrink by 2

Sun Life sees PSEi rebounding to 6,800 in New! 2020-05-31 16:06:06Even with the coronavirus pandemic-induced lockdown protocols likely to hurt corporate earnings more in the second quarter, insurance giant Sun Life o

S&P keeps PH credit rating a notch below New! 2020-05-31 16:05:50Debt watcher S&P Global Ratings has retained its “BBB+” credit rating for the Philippines, but moving up to the coveted “A&rdquo

PH adds $1.25B to COVID war chest 2020-05-29 17:25:31The Philippines secured a total of $1.25 billion in loans from two multilateral lenders last Thursday, beefing up its war chest in the fight against t

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Strict enforcement of guidelines to boost tourist confidence New! 2020-05-31 12:00:00The strict enforcement of health and safety operational guidelines is seen to help the Philippines regain the trust of tourists as a safe and viable t

Can we now execute plans? New! 2020-05-31 12:00:00Finance Secretary Carlos Dominguez and Acting Economic Planning Secretary Karl Kendrick Chua gave an impressive and inspiring presentation before the

Phoenix Petroleum halves 2020 capex New! 2020-05-31 12:00:00Phoenix Petroleum Philippines Inc. is slashing its 2020 capital expenditure by half as part of rationalizing its spending amid the coronavirus disease

Lockdown ends New! 2020-05-31 12:00:00Last Friday, the PSEi rose 4.8 percent on heavy volume of P20.4 billion.

Tourism travel allowed only between MGCQ areas New! 2020-05-31 12:00:00The Department of Tourism welcomes the gradual resumption of tourism operations in some parts of the country, but stressed that travel for tourism pur

Philippines approves imports of cattle embryo New! 2020-05-31 12:00:00The Philippines has allowed cattle embryos coming from the United States to enter the country with initial sales expected to reach P20 million in one

Risk of corporate defaults doubles New! 2020-05-31 12:00:00Moody’s Analytics said the average risk of defaults for companies in the Philippines and other countries in Southeast Asia has doubled in the fi

Exhausting New! 2020-05-31 12:00:00The rains have come; men, women and children are restless; and summer’s about to be just a blurry memory.

Philippines allows entry of meat products from Brazil, New! 2020-05-31 12:00:00The Philippines has allowed the entry of more meat products from Brazil and Chile after compliance with quarantine and meat inspection systems.

S&P affirms vote of confidence on Philippines New! 2020-05-31 12:00:00Economic managers said the decision of S&P Global Ratings to uphold the Philippines’ BBB+ credit rating and stable outlook is a vote of conf

NGCP secures additional ancillary services 2020-05-30 12:00:00The National Grid Corporation of the Philippines has secured additional ancillary services to ensure stable power supply in the Luzon power grid over

Government services reopen at Robinsons malls nationwide 2020-05-30 12:00:00Robinsons Malls, one of the country’s largest mall operators, has reopened in areas under GCQ. Mall operations are still limited and not all sho

The Standard

PSE to reopen trading floor Monday New! 2020-05-31 08:50:09The Philippine Stock Exchange said it will reopen its trading floor on Monday following the easing of the Metro Manila lockdown.

Barbershops, salons allowed to operate starting June 7 New! 2020-05-31 08:40:08The government allowed barbershops and salons to reopen at a limited capacity of three customers at a time with the most basic function of haircut onl

CREATE bill expected to attract more foreign capital New! 2020-05-31 08:30:07The passage into law of the proposed Corporate Recovery and Tax Incentives for Enterprises Act bill is expected to give the country a “fighting

Heated tobacco disrupts cigarette industry—new study New! 2020-05-31 08:20:06A new study shows that the entry of heated tobacco products triggered the remarkable reduction in combustible cigarettes sales in Japan. 

Business groups vow to support GCQ rules New! 2020-05-31 08:10:05Business groups on Sunday agreed to observe the new norms and protocol imposed by the government as the country transitions to general community quara

DOF secures $4.55b worth of foreign loans New! 2020-05-31 08:00:04The Department of Finance said secured $4.55 billion in newly-contracted foreign loans  from multilateral lenders and the commercial markets as o

Phoenix reduces 2020 capex to P1.5b New! 2020-05-31 07:50:03Phoenix Petroleum Philippines said it is reducing its 2020 capital expenditure budget to P1.5 billion from P3 billion because of the coronavirus pande

PLDT ready to meet higher demand for data New! 2020-05-31 07:40:02PLDT Inc. said its networks are ready to meet the increased demand for data connectivity and digital services during the “new normal.”&nbs

Can businesses solve social problems? New! 2020-05-31 07:30:01I have heard Michael Porter's name being mentioned several times this term. In my Marketing Management class, we used Porter's five forces analysis

Airlines set to resume flights in June 2020-05-31 01:56:32Philippines carriers are set to resume domestic and international flights after the government placed Metro Manila and other areas under the general c

Puregold’s profit climbed 16.8% to P1.76b in Q1 2020-05-29 09:40:07Supermarket chain operator Puregold Price Club Inc. said Friday consolidated net income increased by 16.8 percent in the first quarter to P1.76 billio

Rockwell Land reduces 2020 capex by half to 2020-05-29 09:30:06Rockwell Land Corp., the property arm of the Lopez group, said Friday it reduced the planned 2020 capital expenditures by half to P9 billion because o

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Covid-19 crisis: MFs invest Rs 1,230 cr in New! 2020-05-31 09:32:50In the entire month of March, MFs made an investment of over Rs 30,000 crore on attractive valuations as many stocks hit their 52-weeks lows

Coronavirus LIVE: Maharashtra government extends lockdown till June New! 2020-05-31 09:03:24Covid 19 tracker: States that have seen sharpest single-day spike in total cases are Delhi (1,105), Tamil Nadu (874), Karnataka (248), Haryana (217),

Coronavirus impact: Toyota Kirloskar Motors sales dip 86% New! 2020-05-31 07:48:04There has been a significant surge in customer orders and enquiries online, through digital platforms, company official says

Anger over police killings shatters landscapes in dozens New! 2020-05-31 07:05:25People set fire to police cars, threw bottles at police officers and busted windows of storefronts, carrying away TVs and other items even as some pro

CBDT notifies income tax returns forms for 2019-20: New! 2020-05-31 06:00:56The dept has revised the I-T return forms for the financial year 2019-20 to allow assessees to avail benefits of various timeline extension granted by

Indian economy on course for full-year contraction: DBS 2020-05-31 04:58:06The government on Saturday said a phased exit would begin on June 1 from the over-two-months-long nationwide lockdown

RIL on track to attain zero net debt 2020-05-31 04:28:52Adjusted net debt, however, at Rs 2.57 trillion is higher and would take longer to repay

Modi indicates restricting imports of goods that can 2020-05-31 03:40:24Modi said a national migrant commission could soon be set up

World coronavirus dispatch: No of deaths in Latin 2020-05-31 03:08:19Overburdened Mexico struggling to cope while Japan manages the pandemic by controlling small outbreaks

Important to be even more vigilant now, says 2020-05-31 02:54:44There is no class of people who did not suffer due to this outbreak, but poor, labourers hit hardest, says PM

China came little farther this time, will resolve 2020-05-30 23:46:00Indian and Chinese troops used to come face to face on the LAC many times but this time the situation is different, said the defence minister in a TV

Trump to postpone G7 meeting; seeks India, Russia's 2020-05-30 21:18:38The leaders of the world's major economies were slated to meet in the US this year

Trading Economics

Philippines GDP Growth Rate 2020-05-07 01:12:00The Gross Domestic Product (GDP) in Philippines contracted 5.10 percent in the first quarter of 2020 over the previous quarter. GDP Growth Rate in Phi

Philippines GDP Annual Growth Rate 2020-05-07 00:19:00The Gross Domestic Product (GDP) in Philippines contracted 0.20 percent in the first quarter of 2020 over the same quarter of the previous year. GDP A

Philippines Coronavirus Deaths 2020-05-06 21:22:00Philippines recorded 658 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Philippines repor

Philippines Coronavirus Recovered 2020-05-06 21:22:00Philippines recorded 1506 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Philippines r

Philippines Coronavirus Cases 2020-05-06 21:21:00Philippines recorded 10004 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Philippines repo

Philippines up to One Day Interbank Rate 2020-05-06 02:06:00Philippines up to One Day Interbank Rate increased to 2.44 percent on Wednesday May 6 from 2.08 percent in the previous day. Interbank Rate in Philipp

Philippines Imports 2020-05-06 01:59:00Imports in Philippines decreased to 6911070 USD Thousand in March from 7056867.71 USD Thousand in February of 2020. Imports in Philippines averaged 21

Philippines Balance of Trade 2020-05-06 00:02:00Philippines recorded a trade deficit of 2380460 USD Thousand in March of 2020. Balance of Trade in Philippines averaged -425017.26 USD Thousand from 1

Philippines Exports 2020-05-05 23:28:00Exports in Philippines decreased to 4530620 USD Thousand in March from 5400684.03 USD Thousand in February of 2020. Exports in Philippines averaged 16

Philippines Manufacturing Production 2020-05-05 11:23:00Industrial Production in Philippines decreased 11.30 percent in March of 2020 over the same month in the previous year. Industrial Production in Phili

Philippines Food Inflation 2020-05-05 11:16:00Cost 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 - Credit Rating 2020-05-05 06:15:00Standard & Poor's credit rating for Philippines stands at BBB+ with stable outlook. Moody's credit rating for Philippines was last set at Baa2 w

Reuters: Business News

Escalating China tensions could become an obstacle for New! 2020-06-01 01:03:33U.S. President Donald Trump's directive on Friday to begin the process of eliminating special treatment for Hong Kong is likely to put China-U.S. ten

Oil prices edge down as wary traders eye New! 2020-06-01 00:40:21Oil prices edged down on Monday as traders took profits, with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon

Asia's factory pain worsens as China's recovery fails New! 2020-05-31 23:38:52Asia's factory pain deepened in May as the slump in global trade caused by the coronavirus pandemic worsened, with export powerhouses Japan and South

Asia stocks reach 3-month peaks, resilient to U.S. New! 2020-05-31 23:25:17Asian shares pushed to three-month highs on Monday as progress on opening up economies helped offset jitters over riots in U.S. cities and unease over

Retailers already hit by coronavirus board up as New! 2020-05-31 21:03:01Target Corp and Walmart said on Sunday they shuttered stores across the United States as retailers already reeling from closures because of the corona

Delta, union working to avoid furloughs of 2,300 New! 2020-05-31 20:52:09Delta Air Lines Inc and its pilots union said on Sunday they are working to avoid furloughs of roughly 2,300 pilots following a reshuffling process m

Coty to appoint Chairman Peter Harf as its New! 2020-05-31 19:30:15Coty Inc is set to announce that Peter Harf, its current chairman, will become the cosmetics company's new chief executive officer, replacing Pierre

Amazon's Jeff Bezos invests in UK digital freight New! 2020-05-31 14:47:30Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment.

Exclusive: Mexican broadcaster Televisa to launch mobile phone New! 2020-05-31 13:06:10Mexican broadcaster Televisa said on Sunday it will start offering mobile phone service, a bid to challenge billionaire Carlos Slim's America Movil,

Embraer negotiating $600 million bank financing for exports New! 2020-05-31 13:00:53Brazilian planemaker Embraer SA , the world's third largest commercial jet builder, should obtain $600 million in credit lines from Brazil's state d

Russia has no objection to earlier OPEC+ meeting: New! 2020-05-31 11:11:20Russia has no objection to the next meeting of OPEC and its allies, known as OPEC+, being brought forward to June 4 from the following week, three OPE

Renault chairman dismisses fears over potential Maubeuge closure New! 2020-05-31 10:11:18Renault has no plans to close its Maubeuge plant in northern France, Chairman Jean-Dominique Senard said on Sunday, two days after the carmaker annou

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