Peso drops vs dollar as virus spreads in the US
THE PESO weakened versus the dollar on Tuesday as coronavirus disease 2019 (COVID-19) cases increased in the United States and after Metro Manila mayors recommended keeping current restrictions for the rest of the year.
EastWest vows to ‘promptly return’ depositors’ lost money
East West Banking Corp. (EastWest Bank) will “promptly return” the money of its two depositors believed to have been taken by a missing branch manager.
BDO, BPI not in talks to take control of RCBC
TWO of the country’s biggest banks said they are not currently in talks to buy a controlling stake in Rizal Commercial Banking Corp. (RCBC).
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Sun Life, Philam Life top insurer rankings
SUN LIFE OF Canada (Philippines), Inc. and Philippine American Life & General Insurance Co. (Philam Life) stood out among life insurers in terms of key insurance statistics in 2018, the Insurance Commission (IC) reported.
Insurance firms’ governance score improves in 2018
CORPORATE GOVERNANCE in the local insurance industry improved in 2018, the Insurance Commission (IC) said.
Peso weakens vs dollar on US-China tensions
THE PESO weakened against the greenback on Monday, snapping its winning streak last week, after tensions between the world’s two largest economies, the United States and China, sparked anew.
Peso sinks on virus fears
THE PESO sank against the greenback on Thursday due to negative investor sentiment as the coronavirus disease 2019 (COVID-19) continues to spread around the world, with the outbreak already declared a pandemic.
Peso plunges on geopolitical concerns
THE PESO plunged on Monday due the escalating tensions in Hong Kong, negative developments in the US-China trade war, as well as the continued decrease in inflows of foreign direct investments (FDI) into the Philippines.
Peso to drop vs dollar on import bets
THE PESO is likely to weaken against the greenback this week as the market waits for more vaccines to arrive in the country, which could signal a wider economic reopening and bring in more imports.
Peso to drop on second wave fears
THE PESO is likely to weaken this week amid risk-off sentiment due to worries over second wave infections that could affect the economy.
Peso sinks to six-month low
THE PESO retreated against the greenback on Monday to log its weakest close in six months amid market expectations of a recovery in imports amid vaccine procurement developments.
The one person corporation
By Eusebio V. Tan
With the advent of Republic Act No. 11232, otherwise known as the “Revised Corporation Code of the Philippines,” (RCC) which became effective on Feb. 23, one need not assemble a group of at least five individuals in order to establish a Philippine domestic corporation.