THE Bangko Sentral ng Pilipinas (BSP) unexpectedly cut benchmark rates on Thursday, its fourth easing move this year, to help boost the economy amid dimmer global prospects.

THE government is seeking to borrow P205 billion from the domestic market in July, a fifth higher than the previous two months, the Bureau of the Treasury (BTr) said on Thursday.

FOREIGN CAPITAL worth $1 billion exited the Philippines in May, the biggest net outflow in more than six years as the ongoing coronavirus crisis prompted investors to seek safer havens.

HOW do you set up one of the world’s largest and most complicated film events in the midst of a global pandemic? Organizers of the Toronto International Film Festival are turning to drive-ins, digital screenings and virtual red carpets for its 45^th edition this September.

INSURANCE company Pru Life UK aims to encourage parents to teach their children about financial literacy at home as it made teaching materials for its program, Cha-Ching Kid$ At Home available online.

ONLINE video-sharing platform YouTube and Philippine telecommunications company Smart Communications have teamed up to launch Creator Camp Live, a series of online events and workshops to teach YouTube creators (aspiring or otherwise) on how to “pivot and be effective in the time disrupted by the pandemic,” according to a release.

A JOINT venture of Ayala-led AC Energy, Inc. in Australia is set to build a 720-megawatt (MW) renewable facility after securing a connection deal with the New South Wales’ (NSW) transmission network TransGrid.

AIRASIA Group Berhad said the outcome of its seat sale this week after weeks of travel restrictions was a sign of a “positive momentum moving into the second half of 2020.”

FACEAPP’S privacy policies have improved in the past year, the National Privacy Commission said when it reassessed the popular editing application after cybersecurity experts flagged the risks of uploading personal images.

SUN LIFE of Canada (Philippines), Inc. is looking to expand its reach to micro, small and medium enterprises (MSMEs) and overseas Filipino workers (OFWs) affected by the fallout from the coronavirus pandemic.

THE business process outsourcing (BPO) industry is scaling down its upskilling program to about 1,000 employees this year as it shifts to online training sessions due to disruptions caused by the pandemic.

In the World Bank’s 2019 Migration and Development Brief, the Philippines ranked as the world’s fourth-largest remittance destination after India, China, and Mexico, while among the top originating countries of senders were the US, Singapore, and Hong Kong.