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AF Payments waives fees for PUVs

AF Payments Inc., a consortium of Metro Pacific Investments Corp. and Ayala Corp., is waiving maintenance and processing fees of public utility vehiclRead More



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#StayHealthy in the New Normal: How to keep New! 2020-05-27 05:23:01The health crisis has definitely changed our daily routines, be it at home or at work. But one thing is clear– we are now living a changed lifes

Amazon may buy robo-taxi startup Zoox—WSJ New! 2020-05-27 05:21:23Amazon is in talks to buy robo-taxi startup Zoox, accelerating its efforts when it comes to self-driving vehicles. The post Amazon may buy robo-taxi s

Bitter mix: Liquor bans, ECQ bring sin taxes New! 2020-05-27 05:16:06Amid a liquor ban in many areas and restricted deliveries of cigarettes during the enhanced community quarantine (ECQ), the government collected only

Book sales soar as French lockdown eases New! 2020-05-27 04:55:51Book sales in France have soared since the country began to ease its lockdown, rocketing more than 230% in a week. The post Book sales soar as French

COVID-19 spending plus low collection equals 10,000 percent New! 2020-05-27 04:55:35Spending on public goods and services more than doubled in April as the government tried to ease the pain inflicted on vulnerable sectors by the COVID

SM Megamall brings your Mega favorites to your New! 2020-05-27 04:45:47As part of SM Supermalls’ initiative to bring the mall closer to óur customers and ensure your safety during the quarantine period, SM Me

China Bank Notice of annual meeting of stockholders New! 2020-05-27 04:37:31NOTICE OF ANNUAL MEETING OF STOCKHOLDERS Please be notified that pursuant to Article III, Section 2 of the Amended By-Laws of China Banking Corporatio

Seoul stocks extend gains to third session on New! 2020-05-27 04:25:31SEOUL — South Korean stocks finished a tad higher Wednesday despite escalating tension between the United States and China, as investors sought

S. Korea to keep aggressive spending to address New! 2020-05-27 04:15:52SEJONG — South Korea will maintain its aggressive fiscal spending as it is set to unveil the third extra budget early next month to minimize the

Globe cellsite builds bring jobs, good employment benefits New! 2020-05-27 03:53:34One of the hardest sectors hit by the implementation of the Enhanced Community Quarantine (ECQ) is the country’s  workforce. The travel res

More debts: Treasury to borrow P170B through T-bills, New! 2020-05-27 03:20:48The Bureau of the Treasury will borrow from domestic sources at least P170 billion through the sale of government securities in June amid expectations

International Container Terminal Services, Inc. announces virtual stockholders New! 2020-05-27 00:36:56International Container Terminal Services, Inc. announced that it will hold its annual stockholders meeting virtually on June 18. See notice below: Th

philstar.com - Business

Loans to large firms RRR compliant, BSP says 2020-05-26 12:00:00The Bangko Sentral ng Pilipinas has expanded the coverage of relief measures to include large enterprises affected by the economic fallout from the co

Philippines to join global field trial for ASF 2020-05-26 12:00:00The Philippines hopes to participate in the development of a vaccine for the dreaded African swine fever, a fatal hog disease which has resulted in th

Stocks slide as investors digest news on lockdown 2020-05-26 12:00:00The benchmark Philippine Stock Exchange index opened the trading week on a sour note even as it managed to cut losses at the last minute.

ADB lends $400 million to boost Philippines capital 2020-05-26 12:00:00The Asian Development Bank has approved a $400-million policy-based loan to support the Philippine government’s efforts to strengthen its domest

Manila Water borrows P3 billion for capex 2020-05-26 12:00:00Ayala-led Manila Water Co. Inc. has secured P3 billion in loans to help finance its capital investment program in the east zone.

Petron incurs P4.9 billion loss in 1st quarter 2020-05-26 12:00:00Petron Corp., the country’s largest oil refiner and marketer, suffered a net loss of P4.9 billion in the first quarter as the coronavirus diseas

Returning heroes 2020-05-26 12:00:00Thousands of OFWs are returning home as the economies of their host countries suffer serious downturns due to the coronavirus pandemic, and it is a sa

Infrastructure spending declines in Q1 2020-05-26 12:00:00Public spending on infrastructure declined in the first quarter as the implementation of community quarantine caused delays in the construction of pro

The education divide 2020-05-26 12:00:00As we move deeper into the year and try to slowly evolve and deal with the ongoing coronavirus disease 2019 or COVID-19 crisis, we are forced to ask o

House panel OKs stimulus package 2020-05-26 12:00:00A House panel yesterday approved the proposed P1.3-trillion economic stimulus measure to address the impact of the coronavirus disease 2019 crisis.

Metro Manila property prices expected to stabilize 2020-05-25 12:00:00After posting double-digit growth in the first quarter, prices of prime residential property in Metro Manila are expected to stabilize amid the corona

All things are subject to interpretation 2020-05-25 12:00:00Under Section 2 and 3 of the Tax Code, the Bureau of Internal Revenue shall be under the supervision and control of the Department of Finance and it

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ADB extends $400-m loan for PH 2020-05-26 08:40:08The Asian Development Bank said Tuesday it approved a $400-million policy-based loan to support the Philippine government’s efforts to strengthe

Manila Water unit borrows P3b from two banks 2020-05-26 08:30:07Manila Water Philippine Ventures Inc., a wholly-owned subsidiary of Manila Water Co Inc., said Tuesday it obtained a P3-billion loan from two banks.

Petron booked P4.9-b net loss in first quarter 2020-05-26 08:20:06Petron Corp., the country’s biggest oil company, on Tuesday reported a net loss of P4.9 billion in the first quarter, compared to the P1.3-billi

Lopez pushes for immediate passage of economic stimulus 2020-05-26 08:10:05The Trade Department is pushing for the immediate passage of the proposed Philippine Economic Stimulus Act of 2020 to provide immediate assistance to

Job placements decline 30% under community quarantine 2020-05-26 08:00:04Job placements in the Philippines dropped 30 percent since the start of the community quarantine on March 15, according to a report by online job site

Singapore company buying into First Gen 2020-05-26 07:50:03First Gen Corp. asked the Philippine Stock Exchange to suspend the trading of its shares on Tuesday after receiving an offer from Valorous Asia Holdin

Holcim reopens cement plants 2020-05-26 07:40:02Holcim Philippines Inc., one of the leading cement producers in the country, said it resumed the operations of its facilities in La Union, Bulacan, Ma

SMC to implement new Skyway traffic scheme 2020-05-26 07:30:01San Miguel Corp. said Tuesday it will implement a new traffic scheme to remain on track with the construction of the P10-billion Skyway Extension proj

German consumer confidence improves slightly after virus shock 2020-05-26 05:30:00German consumer confidence recovered some of the ground lost due the coronavirus shock but it remains deep in negative territory as Europe's top econ

Saudi Arabia to end virus curfew from June 2020-05-26 05:15:00Saudi Arabia will end its nationwide coronavirus curfew from June 21, except in the holy city of Mecca, the interior ministry said Tuesday, after more

DTI bares plan to increase tariffs on all 2020-05-25 08:10:07The Department of Trade and Industry on Monday disclosed a plan to increase the tariffs on all imports by 5 percent to raise additional revenues of P2

Lotte resumes tender offer to buy more PCPPI 2020-05-25 08:00:06Lotte Chilsung Beverage Co. Ltd. of South Korea resumed its tender offer to acquire additional shares in soft drink manufacturer Pepsi-Cola Products P

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Undeterred by the coronavirus pandemic, Skoda launches three 2020-05-26 17:24:55Skoda has launched the models at a time when the pandemic and lockdown have sapped sentiments and India is staring at a recession

Coronavirus LIVE: India cases cross 150,000-mark; US deaths 2020-05-26 17:22:45Coronavirus LIVE updates: Maharashtra, Tamil Nadu, Gujarat, Delhi are among the worst-hit states. Flights to resume in West Bengal from May 28. Track

Flights resumption: States' rules put a damper on 2020-05-26 17:22:10Airline executives say occupancy was only 50-55% on Tuesday

Cement firms hike prices even as expansion plans 2020-05-26 17:21:08Two of the top three cement producers - UltraTech Cement and Shree Cement - have so far indicated they will go slow on certain expansions

Military leaders, Doval meet Modi as border tension 2020-05-26 17:21:01China's strategy to put military pressure on India will not work, says Indian official.

Uber trims a quarter of its India workforce, 2020-05-26 17:01:38The move is part of a global restructuring plan announced earlier by Uber CEO Dara Khosrowshahi in view of dwindling fortunes amid Covid-19 lockdowns

Kotak launches $1 bn QIP, will issue 65 2020-05-26 16:48:39The bank has the discretion to offer up to 5% discount on floor price to investors participating in the QIP programme

Importers cite masoor and tur shortage, want duty 2020-05-26 16:39:05While processing units continued to operate at less than 30-40% capacity, transportation of pulses was impacted, spiking retail prices even as wholesa

Negative price trading on MCX: Brokers approach Sebi 2020-05-26 16:35:54MCX move follows after it settled April crude oil futures at minus Rs 2884 price even as their software was not permitting negative price trade follow

Foreign funds flee India's bonds just when it 2020-05-26 16:25:08The amount of sovereign securities held by global funds has slumped Rs 76,700 crore ($10 billion) from this year's peak in February

Fitch Ratings, CRISIL, SBI Research see India economy 2020-05-26 16:22:18CRISIL said it expected the current quarter's GDP to shrink 25 per cent year on year.

Pharma, chemical stocks lead under lockdown, Aurobindo is 2020-05-26 16:19:19Within BSE-500, 79% stocks gave positive returns in two months of lockdown

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

Used car dealer charged with price gouging New 2020-05-26 18:12:56A New Jersey used car dealer was criminally charged on Tuesday with exploiting the coronavirus pandemic by trying to defraud and price gouge New York

Timeline: From boom to bottom: Renault and Nissan 2020-05-26 18:04:26The Franco-Japanese automaking alliance of Renault SA , Nissan Motor Co and Mitsubishi Motors is banking on a new recovery plan, set to be announced

Renault and Nissan rebuild their alliance to ride 2020-05-26 18:04:26When Renault SA , Nissan Motor Co and Mitsubishi Motors Corp announced the last strategy plan for their Alliance in September 2017, the goal was to

LATAM becomes largest airline yet driven to bankruptcy 2020-05-26 17:55:12LATAM Airlines Group , the continent's largest carrier, filed for U.S. bankruptcy protection on Tuesday, becoming the world's largest carrier so far

Italy's RCS says it may win damages in 2020-05-26 17:48:39Milan's Arbitral Tribunal has judged that the contracts over the sale of Italy's RCS headquarters to Blackstone Group Inc in 2013 were valid but f

U.S. lawmaker wants insurers, govt. to share future 2020-05-26 17:36:48U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future pandem

COVID-19 lawsuit takes on McDonald's like it was 2020-05-26 17:32:25As U.S. businesses reopen, worried workers and their advocates are borrowing a legal strategy commonly used to shut down rowdy topless bars to try and

S&P 500 rises on economic recovery and vaccine 2020-05-26 17:24:34U.S. stocks closed higher on Tuesday on optimism about the development of coronavirus vaccines and a revival of business activity, but the S&P 500

Google to start reopening offices, targets 30% capacity 2020-05-26 17:17:44Alphabet Inc's Google said on Tuesday it would reopen buildings in more cities at roughly 10% of their capacity beginning July 6 and scale it up to 3

NYSE reopens trading floor after two-month coronavirus closure 2020-05-26 16:54:28New York Governor Andrew Cuomo donned a face mask and rang the opening bell at the New York Stock Exchange on Tuesday, marking the partial reopening o

Stocks rally, S&P 500 crosses 3,000 barrier; oil 2020-05-26 16:50:59Global equities and oil rose on Tuesday as China's promise of more stimulus and prospects of a world economic recovery cheered investors, who set asi

'Rally of hope': Why the S&P soared back 2020-05-26 16:30:05Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index bro


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