By Gillian M. Cortez, Reporter The government on Friday backtracked on its decision to allow religious and work-related gatherings under a relaxed lockdown in some...
The government gave the green light for Philippine offshore gaming operators (POGOs) and their service providers to resume partial operations amid the enhanced community...
The national government's outstanding debt reached P8.177 trillion as of end-March due to higher issuances of domestic securities, the Bureau of the Treasury (BTr)...
The Department of Finance (DoF) has extended the deadline for the payment of taxes, fees and charges to local government units (LGUs) as...
BUSINESSES have suffered about P700 billion in revenue losses so far as strict lockdown measures to contain the spread of the coronavirus disease 2019 (COVID-19) forced companies to halt operations since mid-March, the National Economic and Development Authority (NEDA) said on Thursday.
HEADLINE INFLATION likely eased further to settle between 1.9% and 2.7% in April, with downside risks mainly coming from plunging oil prices, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Thursday.
THE Philippine Stock Exchange, Inc. (PSE) said it will begin adopting a three-level circuit breaker system that will trigger a trading halt when certain thresholds are breached, as intense market volatility continues amid the coronavirus crisis.
THE country’s gross international reserves (GIR) rose to a record $88.99 billion as of end-March, providing support to the economy amid the coronavirus disease 2019 (COVID-19) crisis.
BPI Securities Corp. is downgrading its 2020 projection for the Philippine Stock Exchange index (PSEi) to 6,600 from its initial estimate of 9,000 due to the coronavirus disease 2019 (COVID-19) pandemic.
ABOITIZ Equity Ventures, Inc. (AEV) on Thursday reported that its net income plunged by nearly a half in the first quarter as the income share from its power arm declined.
CONVENIENCE store company Philippine Seven Corp. is holding off its capital expenditures and reducing store openings in 2020 in response to the effects of the coronavirus disease 2019 (COVID-19) on business.
THE Securities and Exchange Commission (SEC) has issued new guidelines for financial derivatives to be more specific on rules that guide investment companies and fund managers.
Pag-IBIG Fund has offered a grace period of 30 days on loan payments during the enhanced community quarantine (ECQ), which was prompted by the need to contain the spread of the coronavirus disease 2019 (COVID-19).
EARNINGS of cement manufacturer Holcim Philippines, Inc. dropped 29% in the first quarter, dragged by operational disruptions brought by lockdown measures against the coronavirus disease 2019 (COVID-19) outbreak.
PROPERTY developer Megaworld Corp. (Megaworld) reported an 18% increase in its earnings last year, lifted by a double-digit growth across its core business segments.
LOSSES of Ayala-led Integrated Micro-Electronics, Inc. (IMI) ballooned to $4.62 million in the first quarter due to the global impact of the coronavirus disease 2019 (COVID-19) pandemic.
WHEN it first aired on Spanish television channel Antena 3, La Casa de Papel, also known as Money Heist, was a failure: it had falling viewership and its creator álex Pina, the cast, and the crew thought it was over, that there was no hope for the series. But then it was picked up by Netflix and suddenly it became one of the most-streamed titles on the service globally and even won an Emmy award for Best Drama series in 2018.
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The Securities and Exchange Commission (SEC) will now allow companies to register without having their articles of incorporation notarized.
SALCEDO Auctions’ subsidiary Gavel&Block will hold an online benefit auction on its official website on May 23, 2 p.m., to support communities affected by the COVID-19 enhanced community quarantine. The fundraising auction will be for the benefit of the international hunger relief organization Rise Against Hunger (RAH) Philippines.
ROBINSONS Land Corp. (RLC) has received the highest credit rating from a local debt watcher for its planned bond issuance of up to P20 billion.
Filipina alternative R&B singer August Wahh has released a new single titled “Elated” described as a song about recovering one’s self.
The Hong Kong-based Cathay Pacific Group (Cathay Pacific) is planning to augment the number of its flights to Manila in June.
YOUNGER workers have identified the lack of networks as the main hindrance to their careers, LinkedIn said, citing the results of a study.
LOS ANGELES — The organizers of the Oscars said on Tuesday that films released only on streaming platforms or video on demand while movie theaters are closed due to the coronavirus pandemic would be eligible for Academy Awards next year.
THE Alcantaras’ Alsons Consolidated Resources, Inc. (ACR) on Thursday said it had been given an above-average credit rating for the latest tranche of the P2.5-billion commercial papers it registered with the Securities and Exchange Commission in 2018.
THE Integrated Bar of the Philippines (IBP) said the more than 2,000 passers of the 2019 Bar examinations must harness technology to deliver better justice.
METROPOLITAN BANK & Trust Co. (Metrobank) posted a lower net income in the first three months of 2020 as it set aside bigger loan provisions to prepare for the impact of the coronavirus disease 2019 (COVID-19).
How do you film a soap opera in the age of the coronavirus, when kissing is banned, make-up is scaled back, and extras are seen as a danger to everyone’s health?
We’re a small enterprise with about 200 regular workers, 90% of which have been with us since our establishment 15 years ago. Due to the pandemic, we are looking at the temporary closure of our office for about three months as we don’t have sufficient capital to pay for salaries and benefits. There are only 75 workers who can work from home. Our CEO asked all department managers to prepare for the temporary closure of our office and require employees to go on forced leave without pay. As the head of the human resource department, I believe we can still do something to help the 125 workers who will be temporarily out of work. I pity the workers who have no other means of earning a living. What will happen to them and their families during these three months? Can you please give me your advice? -- Gentle Touch.
SM Development Corp. (SMDC) assured residents that its condominium in Makati City is safe for occupancy despite a collapse of a part of the building on Thursday.
THE INSURANCE SECTOR can weather the impact of the coronavirus pandemic on their businesses, according to the Insurance Commission (IC), even as investments and sales face difficulties.
Here’s a quick glance at how PSEi stocks fared on Thursday, April 30, 2020.