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Daily Archives: March 11, 2020 | 12:04 am

Threat of coronavirus hangs heavy over Rome’s Raphael retrospective

ROME — An exhibition commemorating the 500th anniversary of the death of Renaissance artist Raphael opened in Rome last week but the show risks being overshadowed by the coronavirus outbreak sweeping Italy.

Abe pressures BoJ to ramp up stimulus ahead of rate review

TOKYO — Japanese Prime Minister Shinzo Abe said the government will work closely with the Bank of Japan (BoJ) to stabilize markets, piling pressure on the central bank to ramp up stimulus next week to fend off risks to the economy from the coronavirus outbreak.

NTC says ABS-CBN can operate beyond May

ABS-CBN Corp. can continue to operate even after its franchise expires on May 4, 2020, the National Telecommunication Commission (NTC) assured the lower chamber on Tuesday.

Nuyda, Ocampo, and Kiukok among highlights at Salcedo auction

SALCEDO AUCTIONS will hold its first major sale of the year with pieces by Justin Nuyda, Ang Kiukok, and H.R. Ocampo up for bid. Carrying the theme “Legacy Refined, the Important Philippine Art,” the sale will be held on March 14 at the NEX Tower, 6786 Ayala Ave., Makati City.

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Add oil to list of central bank concerns as prices drop

WASHINGTON/TOKYO/FRANKFURT — An oil price war between Russia and Saudi Arabia is further confounding the world’s central bankers, adding worry over rising currency values in Japan and Europe and a potential blow to investment in the United States to an economic outlook already soured by the fast-moving coronavirus outbreak.

SMC’s Ang offers full payment for Ilijan plant to support PSALM

THE president of diversified conglomerate San Miguel Corp. (SMC) has offered to pay in full the capacity charges for its 1,200-megawatt (MW) Ilijan power plant amounting to P22.68 billion, more than two years ahead of schedule.

Cultural events canceled, postponed, adjusted thanks to the coronavirus

AN popular art fair, a theater congress, and a colorful Hindu festival have been postponed or canceled in response to the spread of the coronavirus which causes COVID-19.

Fed adopts new ‘stress capital buffer’ for banks

WASHINGTON — The US Federal Reserve unveiled new rules on Wednesday that create a “stress capital buffer” to determine how much banks must hold in reserve to guard against downturns.

Matilda: The power to make the world a better place

BOOKS, shows, and songs are not just words, they are ways of telling stories.

Coca-Cola and Thailand firm tie up to build recycling facility

COCA-COLA Beverages Philippines, Inc. (CCBPI) partnered with a Thailand-based firm to develop the P1 billion largest bottle-to-bottle recycling facility in the Philippines.

Coronavirus threatens Deutsche Bank’s recovery

FRANKFURT — Deutsche Bank’s cancellation of its 150th anniversary ceremony is not the only celebration that Germany’s biggest bank is having to shelve as a result of the coronavirus outbreak.

How PSEi member stocks performed — March 10, 2020

Here’s a quick glance at how PSEi stocks fared on Tuesday, March 10, 2020.