Home 2020 March 16

Daily Archives: March 16, 2020 | 12:04 am

French sugar group Tereos asks suppliers for price reductions

PARIS -- French group Tereos, the world’s third-largest sugar maker, has asked regular suppliers for price reductions to help it cope with tumbling sugar prices, letters sent to suppliers showed.

Rolex opens a new boutique sporting the brand’s new look

THE WORLD continued to tick on for wearers of Rolex as guests flooded into the Rolex boutique at the Podium in the Ortigas Center a few days before the announcement of the community quarantine spurred on by the COVID-19 pandemic. The new boutique is the first of its kind.

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Coronavirus will change how we shop, travel and work for years

EVERY economic shock leaves a legacy. The deadly coronavirus will be no different.

So, you’ve decided to opt out of a casa?7 basic things to check in...

IF IT isn’t broke, why fix it? Most of us use this line all the time when it comes to maintaining a car. If it’s not visibly damaged or inoperative altogether, we tend to think that a car part shouldn’t be up for replacement.

Currency counterfeiting declines

CASES OF currency counterfeiting dropped in 2019, with the central bank ramping up efforts to curtail these illegal operations.

US ethanol industry ‘bleeding’ on oil collapse, coronavirus

NEW YORK -- US ethanol producers are feeling the pain as margins on the corn-based fuel slumped this week to an eight-year low for this time of year, weighed by concerns over lower fuel demand from the coronavirus and the recent collapse in oil prices.

Best foot forward: Indonesian makes shoes from chicken feet

BANDUNG, INDONESIA -- It sounds like a riddle -- what feet can be used to make shoes to put on your feet?

Electronics maker looking for thousands of workers — DoLE

UP to 3,000 jobs are up for grabs in a manufacturing company that has approached the Department of Labor and Employment (DoLE) to announce the mass hiring, the agency said on Sunday.

Nissan 370Z rumbles into PHL in April

THE ICONIC sports car of Nissan will be available in the Philippines beginning April.

Peso may depreciate further on virus economic impact worries

THE PESO may continue to depreciate this week due to market worries of the economic impact of the coronavirus disease 2019 (COVID-19) as it continues to spread in the country.

Popular Singaporean beauty line comes to the Philippines

SINGAPOREAN beauty brand Bio-Essence has launched in the Philippines under a new moniker, BioScience, but it is the same line of skincare products catering to different age groups and skin types.

MPIC drops unsolicited proposal to operate MRT-3

METRO PACIFIC Investments Corp. (MPIC) said it would no longer pursue its unsolicited proposal to operate and maintain the Metro Rail Transit Line 3 (MRT-3).

Creeping and climbing through Vietnam in a Raptor

DID YOU know that Vietnam has massive sand dunes -- forming some sort of mini desert in colors of red and golden-white? They’re found in a place called Mui Ne -- a coastal fishing town in the south-central Binh Thuan province, only a few hours’ drive away from Ho Chi Minh (Saigon). This place was completely out of my radar, but I am so happy to have visited it, thanks to Ford who organized a regional adventure drive to showcase the powerful features of the new, 2020 Ranger Raptor.

Bankers go home, tellers stay: virus exposes office inequalities

JPMORGAN asked many of its roughly 37,000 employees in the New York metro area this week to work from home in staggered shifts to stem the spread of the COVID-19 virus. Bank tellers, who account for about half its New York workforce, weren’t included.

China proposes standards on hormone residues in beef after US trade deal

BEIJING -- China has drawn up food safety standards on residue limits of growth hormones in beef, a move seen as a further step towards opening up its market to American imports of the meat.

Dashboard (03/16/20)

MG Philippines has inked a pact with Miss Universe Philippines (MUP) to be its official car.
PSE BGC trader

Volatility seen amid uncertainties due to virus

LOCAL SHARES are seen to remain volatile this week as investors grapple with uncertainties brought by the coronavirus disease 2019 (COVID-19) pandemic.

BDO Unibank not spared by last week’s massive sell-off as investor fears prevail

INVESTORS, spooked by the coronavirus disease 2019 (COVID-19) pandemic, prompted massive sell-offs, making BDO Unibank, Inc. one of the most actively traded issues last week.

For Tag Heuer, smartwatch is ‘additional business’ beyond core

AS MAJOR events were getting canceled across the US, and New York was banning gatherings of 500 or more on March 12, the Swiss luxury watchmaker Tag Heuer hosted a final shindig in honor of its new Connected Watch.

Tea and cocoa-loving Nigerians finding new thirst for coffee

LAGOS -- Businessmen in the Nigerian city of Lagos typically broker deals over cognac or champagne. But, on a sunny afternoon in the city’s upmarket Victoria Island business district, a clutch of men celebrated with steaming coffee that cost 35,000 naira ($114) for a three-cup brew.

Coronavirus fears push gov’t debt yields up as bondholders prefer cash

YIELDS ON government securities (GS) rose almost across-the-board last week as market players sold off their bonds due to the spread of the coronavirus disease 2019 (COVID-19) in the country.

How PSEi member stocks performed — March 13, 2020

Here’s a quick glance at how PSEi stocks fared on Friday, March 13, 2020.