Ayalas allot P2.4B for employees as virus disrupts work

THE Ayala brothers are rolling out a P2.4-billion emergency response package for employees and partners affected by the coronavirus disease 2019 (COVID-19) business disruptions.

Asian business chiefs see over 20% sales drop amid pandemic

OVER EIGHT in 10 business leaders in Asia (84%) saw revenues slumping amid the impact of the new coronavirus disease 2019 (COVID-19) pandemic, with some chief executives expecting a drop in sales of at least 20% in the next year, a latest global survey with business heads reported Tuesday.

SEC sets guidelines for remote annual meetings

THE Securities and Exchange Commission (SEC) has issued guidelines for corporations that want to do stockholders’ meetings remotely while Luzon is under “strict home quarantine.”

Transcom suspends operations in Metro Manila

BUSINESS PROCESS outsourcing (BPO) firm Transcom Worldwide AB suspended its Metro Manila operations amid the Luzon-wide community quarantine.

Manila Water extends payment date for bills

WATER CO., Inc. has extended the due date for the water bill payments of its customers in response to the month-long “enhanced community quarantine” set by the government on Luzon.

Airlines try to stay afloat ahead of ‘travel surge’

JUVY P. CASTILLON, a 54-year-old grade school English teacher in Bangkok, Thailand, is scheduled to return to General Santos City via Ninoy Aquino International Airport in Pasay City on March 21.

SEC, PSE ease rules amid virus

CORPORATE regulator Securities and Exchange Commission (SEC) and local bourse operator Philippine Stock Exchange, Inc. (PSE) are easing rules and requirements to adjust to mitigation efforts against the coronavirus disease 2019 (COVID-19).

Port operators, shipping firms adjust to slowing trade amid virus

LISTED port operators International Container Terminal Services, Inc. (ICTSI) and Asia Terminals, Inc.(ATI) said their business operations continue while contingency measures are being carried out to mitigate the impact of the coronavirus disease 2019 (COVID-19) pandemic.

Telcos assure consumers working from home

PHILIPPINE telecommunications service providers are working double time to ensure minimal disruption to their operations as more consumers have begun working from home due to the coronavirus disease 2019 (COVID-19) pandemic.

AC Energy attributable capacity exceeds 1.8 GW

AYALA-LED AC Energy, Inc. said on Monday that its “attributable” capacity in both operating and under-construction power plant projects had jumped past 1.8 gigawatts (GW) in 2019, reaching more than a third of its target in the next five years.

Holcim cement production to use more waste as fuel

HOLCIM Philippines, Inc. is increasing the use of waste materials as alternative fuel in cement production, the listed cement manufacturer said on Monday.

Sta. Lucia to expand further in the provinces

STA. LUCIA Land Inc. (SLI) is eyeing further expansion in the countryside as rising land prices in Metro Manila encourage real estate companies to look outside the capital region.