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Economic managers revisit growth targets as pandemic drags on

President Duterte's economic managers will revisit their growth targets this year as new data reveals the extent of damage caused by coronavirus pandemic on the economy, acting Socioeconomic Planning Secretary Karl Kendrick Chua said Friday......»»

Source: philstar philstarCategory: finance3 hr. 18 min. ago Related News

Trade deficit narrows at slower pace in May as economy gradually reopens

A persistent pullback in both exports and imports continued to shrink the Philippines' trade gap in May albeit at a slower pace than the previous month......»»

Source: philstar philstarCategory: finance3 hr. 18 min. ago Related News

Government withdraws proponent status of NAIA group

The government withdrew the original proponent status it granted to NAIA Consortium for the upgrade and rehabilitation of Ninoy Aquino International Airport......»»

Source: thestandard thestandardCategory: finance12 hr. 18 min. ago Related News

China& rsquo;s factory gate prices decline at slower pace as economy recovers

Beijing---China’s factory-gate prices fell at a slower-than-expected rate in June, official data showed, as the country works towards recovering from the coronavirus while grappling with a heavy blow to global demand......»»

Source: thestandard thestandardCategory: finance12 hr. 18 min. ago Related News

Cavitex spending P8 billion on 2 expansion projects

Cavitex Infrastructure Corp. said it is spending more than P8 billion to build two new segments of the Cavitex C5 Link Expressway......»»

Source: thestandard thestandardCategory: finance12 hr. 18 min. ago Related News

Kia expects auto sales to rebound in fourth quarter

Kia Motor Philippines said it expects automotive sales to reach 275,000 units across all brands and models this year on the back of sales rebound in the fourth quarter......»»

Source: thestandard thestandardCategory: finance12 hr. 18 min. ago Related News

SEC preparing guidelines on Corporate Debt Fund

The Securities and Exchange Commission said Thursday it is drafting the rules on Corporate Debt Fund—a new investment vehicle that will invest in debt paper of large corporations and medium-sized enterprises......»»

Source: thestandard thestandardCategory: finance12 hr. 18 min. ago Related News

Eight contenders battle for leadership of beleaguered WTO

Geneva---Three last-minute contenders on Wednesday joined the race to become the next head of the beleaguered World Trade Organization, meaning eight candidates in total are vying for the daunting position......»»

Source: thestandard thestandardCategory: finance12 hr. 18 min. ago Related News

United Airlines set to terminate 36,000 workers on October 1

New York---United Airlines warned Wednesday it could lay off as many as 36,000 workers on October 1 as the US carrier fights for survival amid the coronavirus crisis......»»

Source: thestandard thestandardCategory: finance12 hr. 18 min. ago Related News

Market slumps; Jollibee declines

The stock market sank Thursday on profit-taking and amid rising cases of COVID-19 that may delay the full reopening of the economy......»»

Source: thestandard thestandardCategory: finance12 hr. 18 min. ago Related News

Cebu Pacific set to lay off 800 employees in August

Cebu Pacific said it is laying off more than 800 employees by August as it does not expect recovery in the short term amid the coronavirus disease 2019 pandemic. .....»»

Source: thestandard thestandardCategory: finance12 hr. 18 min. ago Related News

Venezuela& rsquo;s inflation rate still high at 3,500%

Caracas---Venezuela ended June with a year-on-year inflation of 3,500 percent, according to a statement published Wednesday by the opposition-controlled legislature......»»

Source: thestandard thestandardCategory: finance12 hr. 18 min. ago Related News

Harm reduction

As we slowly move back to our normal lives even with the virus still very much a threat, public health experts are now more openly talking about ways of mitigating risks of infection other than reverting to lockdowns......»»

Source: philstar philstarCategory: finance15 hr. 35 min. ago Related News

Uniqlo opening online store soon

Japanese global apparel retailer, Uniqlo, announced that its online store will officially launch on July 16. The online store will be available both in the Uniqlo website and in its mobile application......»»

Source: philstar philstarCategory: finance15 hr. 35 min. ago Related News

GT Capital retains top rating, stable outlook on P15 billion bonds

GT Capital Holdings Inc., the listed conglomerate founded by the late tycoon George Ty, maintained the top rating for its P15.1 billion outstanding bonds......»»

Source: philstar philstarCategory: finance15 hr. 35 min. ago Related News

Construction starts on P8.8 billion CAVITEX C5 Link

Metro Pacific Tollways Corp. will begin today construction of two new segments of the CAVITEX C5 Link Expressway worth P8.8 billion......»»

Source: philstar philstarCategory: finance15 hr. 35 min. ago Related News

Philippines among most improved in real estate transparency

The Philippine real estate market is among the top 10 improvers in Jones Lang Lasalle Global Real Estate Transparency Index, driven by its push for sustainability......»»

Source: philstar philstarCategory: finance15 hr. 35 min. ago Related News

DA taps PayMaya for loan disbursements

PayMaya, the digital financial services arm of PLDT’s Voyager Innovations, has been tapped by the Department of Agriculture for faster and more convenient digital loan disbursements for its Kapital Access for Young Agripreneurs program......»»

Source: philstar philstarCategory: finance15 hr. 35 min. ago Related News

ABS-CBN offers distance learning channel to government

ABS-CBN Corp. is offering to help the government’s distance learning scheme through the broadcast giant’s Knowledge Channel, which it said could reach more than a fourth of the expected 27 million enrollees this school year......»»

Source: philstar philstarCategory: finance15 hr. 35 min. ago Related News

Philippines seen as geothermal power investment hotspot in 10 years

The Philippines is seen as an outperforming geothermal power investment hotspot in the next decade given its strong capacity for the renewable energy resource, according to Fitch Solutions Country Risk & Industry Research......»»

Source: philstar philstarCategory: finance15 hr. 35 min. ago Related News