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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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. .....»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»
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......»»