Bond markets to remain on fire as global coronavirus crisis intensifies
INVESTORS will probably continue buying bonds for the rest of the year as the market remains awash with cash, the yield of 10-year bonds is at a 13-year low and players return to safety amid uncertainty about how deep and long a coronavirus-induced recession might be.
Travel firms brace for huge losses
MOST tourism-related businesses in the Philippines expect revenue losses of over 50% this year, amid travel restrictions and business closures due to the coronavirus disease 2019 (COVID-19) pandemic, a survey from PwC Philippines/Isla Lipana & Co. showed.
PHL may see slow recovery as coronavirus infections surge
THE Philippines may likely see a delay in its economic recovery as the number of coronavirus disease 2019 (COVID-19) infections continues to rise, an analyst from Fitch Solutions said.
Ecozone investments to shrink this year
THE Philippine Economic Zone Authority (PEZA) expects new investment pledges to slump this year, as the coronavirus pandemic weighs heavily on the global economy.
Alcoholic drinks now allowed at dine-in restaurants
RESTAURANTS with dine-in operations will now be allowed to serve each customer up to two alcoholic beverages, the Department of Trade and Industry (DTI) said.
Debt service payments drop by 10% in May
THE government’s debt service bill declined by 10% in May, as both amortization and interest payments fell, the Bureau of the Treasury (BTr) reported.
Jobless recovery now a risk for Europe’s economy
WITH job cuts mounting and costly furlough programs that can’t last forever, Europe is at risk of a devastating increase in unemployment that won’t be easy to reverse.
BusinessWorld’s 33rd Anniversary special issue
BUSINESSWORLD marks its 33rd anniversary as the world faces possibly the worst economic crisis since the Great Depression. The 11-section, 48-page anniversary issue contains...
Megawide gets nod for NAIA rehabilitation project
By Denise A. Valdez, Reporter
Megawide Construction Corp. on Friday said it received the government's nod for its proposal to rehabilitate the Ninoy Aquino...
PCC resumes merger review
The Philippine Competition Commission (PCC) has resumed its regular merger review operations as it anticipates further easing of the lockdown.
In a resolution dated July...
PSE greenlights Ayala Land’s REIT offering
Ayala Land, Inc. (ALI) has gained the approval of the Philippine Stock Exchange, Inc. (PSE) to conduct its real estate investment trust (REIT) offering...
Investors swamp sale of 5-year RTBs
THE government sold an initial P192.71 billion in five-year retail Treasury bonds (RTBs) at a coupon of 2.625%, amid strong demand from investors.