BEIJING - China's exports grew at a robust pace in March in yet another boost to the nation's economic recovery as global demand picks up amid progress in worldwide COVID-19 vaccination, while import growth surged to the highest in four years. The data suggests the world's second largest economy will continue to gather momentum as it emerges from the COVID-19-led ...

GENEVA – Some 14.1 million doses of the Pfizer BioNTech COVID-19 vaccine have been allocated to 47 countries and economies for delivery in the second quarter of this year, the Gavi Vaccine Alliance said on Monday. Brazil, Colombia, Mexico, the Philippines, South Africa, and Ukraine are set to be among the main recipients of the Pfizer vaccine between April and ...

MANILA – Philippine President Rodrigo Duterte reappeared in public on Monday after an absence of nearly two weeks which had fuelled concerns about his health that the government insists are unfounded. The Philippines is battling one of the worst coronavirus outbreaks in Asia, with hospitals in the capital Manila overwhelmed amid record daily infections, while authorities face delays in delivery ...

Leading software solutions company Multisys Technologies Corporation and microfinance group APPEND launch AppendPay, an online system and mobile application that will ease business processes and create seamless transactions for APPEND's 8.5 millionparticipating microfinance members. AppendPay aims to expedite the process of approving and disbursing microfinancingofitsmembers. Apart from providing them with a convenient and secure environment for their microfinancing and money ...

REUTERS FOREIGN INVESTMENT flows to the Philippines recovered in January to the biggest monthly print since 2019, which the central bank attributed to investor optimism as the economy gradually reopened. Net inflows of foreign direct investments (FDI) surged by 41.5% to $961 million in January from $679 million a year earlier and nearly double the $509 million in December, data ...

The government is expected to ramp up infrastructure spending to boost the economy's recovery. -- PHILIPPINE STAR/ MICHAEL VARCASGOVERNMENT SPENDING on infrastructure snapped a six-month losing streak in February after the implementation of projects under the second stimulus package gained traction, the Department of Budget and Management (DBM) reported on Monday. Latest DBM data showed infrastructure and other capital outlays ...

The government's COVID-19 vaccination program is currently for top three priority groups -- healthcare workers, senior citizens, and individuals with comorbidities. -- PHILIPPINE STAR/ MICHAEL VARCASMASS VACCINATION will be key to the Philippines' economic recovery, which is seen by 2022, according to Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno. "Inaasahan namin na makakabawi din tayo, siguro sometime in 2022, ...

PHILIPPINE STAR/ MICHAEL VARCAS THE SECURITIES and Exchange Commission (SEC) has extended the deadline for 2020 annual reports by a month. In a memorandum circular uploaded on the SEC website, the corporate regulator said the deadline for audited financial statements for the calendar year ending Dec. 31, 2020 had been moved to May 17, 2021 from April 15, 2021. The ...

EAGLE CEMENT's expansion in Bulacan is seen to increase its production capacity by 1.5 million metric tons. -- COMPNAY HANDOUTEAGLE Cement Corp. reported a net income of P3.4 billion in 2020, falling by 44% as company operations were hit by lockdown measures imposed in mid-March last year in the wake of the pandemic. "The halting of our operations due to ...

METRORETAIL.COM.PH LISTED Metro Retail Stores Group, Inc. reported a P449.59-million net loss in 2020, a reversal of its P775.64-million net income in the previous year, as sales were heavily affected by the coronavirus disease 2019 (COVID-19) pandemic. Revenues declined by 15% to P31.43 billion from P37.05 billion. Net sales amounted to P31.29 billion in 2020, dropping by 15% from P36.79 ...

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