Moody's Investors Service lowered its Philippine growth forecast this year to 5.8% from the 7% it gave in January. -- Photo by Michael Varcas, The Philippine Star The Philippines may face "deep scarring" or long-lasting economic losses due to the prolonged pandemic, Moody's Investors Service said on Friday. "Many have been challenged to contain the pandemic, such as Peru, the ...

Fresh lockdowns and restrictions in Asia brought on by the faster-spreading delta coronavirus variant are making the region's pursuit of travel bubbles look like an increasingly fruitless endeavor. Air-travel bubbles, corridors that allow movement between countries without the need for quarantine, have largely been a letdown as nations pull up the drawbridge again to contain outbreaks. A travel link between ...

The internet is awash with help and advice for business owners. With all this information at your fingertips, is it worth having a dedicated mentor? The short answer is yes, without a doubt. For me, the ultimate Apprentice prize was the opportunity to receive the 1-2-1 guidance and mentorship from Lord Sugar and his wealth of experience that came ...

Northgate Cyberzone in Filinvest City is an 18.7-hectare PEZA-registered business park catering to mostly business process outsourcing companies. -- Company handout Filinvest REIT, Corp. (FILREIT) started the offer period for its P12.6-billion initial public offering (IPO) on Friday, after receiving a permit to sell from the Securities and Exchange Commission. FILREIT is the real estate investment trust (REIT) unit sponsored ...

https://www.atlasmining.com.ph/ Atlas Consolidated Mining and Development Corp. posted a P1.94 billion net income for the first six months of the year, a turnaround from the P190 million net loss seen a year ago, thanks to higher metal prices and better operations in the second quarter. "Metal prices rose in the second quarter this year with average copper price higher by ...

Max's Group, Inc. announced two promotions to its executive leadership team as the listed restaurant operator focuses on business engagement and transformation. The company appointed Christopher Tiong as the chief operating officer (COO) of its Krispy Kreme and Jamba Juice brands, while Mark De Joya will take the seat as COO of its flagship Max's Restaurant. Mr. Tiong has nearly ...

Greenergy Holdings Inc. said on Friday that it will be providing marketing services to telecommunications player Dito Telecommmunity Corp. In a disclosure to the local bourse, Greenergy said that it signed a deal with Dito to provide online and offline lead generation services on a commission basis for the telco's programs and services. The memorandum of arrangement will last for ...

UNIONBANK of the Philippines, Inc. is set to issue social bonds to finance small business loans through a $150-million investment from the International Finance Corp. (IFC) The dollar-denominated bonds have a seven-year tenor and will be issued under the bank's sustainable finance framework, the Aboitiz-led lender said in a statement. The deal is IFC's first pandemic response social bond investment ...

BW FILE PHOTO THE CENTRAL BANK fully awarded its offer of 28-day bills on Friday, with yields inching lower on investors' strong appetite for safe assets due to concerns on the Delta variant of the coronavirus disease 2019 (COVID-19). The Bangko Sentral ng Pilipinas (BSP) awarded P100 billion as planned in one-month bills on Friday. Demand reached P162.51 billion, lower ...

THE BANGKO SENTRAL ng Pilipinas (BSP) has ordered social media platform LYKA to stop its operations as it is not registered as an operator of payment system (OPS). "The BSP has directed LYKA to suspend activities as an OPS and invited the company to apply for registration with the BSP before it is allowed to continue with its operator of ...

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



 
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!