P83B wages lost due to stricter lockdowns – NEDA

PHILIPPINE STAR/ MICHAEL VARCAS AROUND P83.3 billion in income may be lost during the nearly five weeks of stricter lockdown in Metro Manila and adjacent provinces, Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said on Monday evening. During a televised Cabinet meeting with President Rodrigo R. Duterte, Mr. Chua said about P19.6 billion in […]

P83B wages lost due to stricter lockdowns – NEDA

PHILIPPINE STAR/ MICHAEL VARCAS AROUND P83.3 billion in income may be lost during the nearly five weeks of stricter lockdown in Metro Manila and adjacent provinces, Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said on Monday evening. During a televised Cabinet meeting with President Rodrigo R. Duterte, Mr. Chua said about P19.6 billion in […]

Coronavirus stares Philippines in face as hospitals get overwhelmed

Most hospitals in Metro Manila are now overwhelmed with coronavirus-stricken patients. — PHILIPPINE STAR/ MICHAEL VARCAS By Norman P. Aquino, Special Reports Editorand Kyle Aristophere T. Atienza, Reporter SHERWIN DE LOS REYES, 38, sat in a wheelchair in the corridor of the Las Pinas City District Hospital near the Philippine capital for five days waiting […]

Coronavirus stares Philippines in face as hospitals get overwhelmed

Most hospitals in Metro Manila are now overwhelmed with coronavirus-stricken patients. — PHILIPPINE STAR/ MICHAEL VARCAS By Norman P. Aquino, Special Reports Editorand Kyle Aristophere T. Atienza, Reporter SHERWIN DE LOS REYES, 38, sat in a wheelchair in the corridor of the Las Pinas City District Hospital near the Philippine capital for five days waiting […]

BSP wants too-big-to-fail banks to submit separate recovery plan

REUTERS By Luz Wendy T. Noble, Reporter THE Bangko Sentral ng Pilipinas (BSP) is requiring too-big-too-fail banks to submit a separate recovery plan annually starting 2022, a move seen giving the regulator a more focused assessment of a lender’s plans to bounce back from a crisis. “The Bangko Sentral shall review the recovery plan as […]

BSP wants too-big-to-fail banks to submit separate recovery plan

REUTERS By Luz Wendy T. Noble, Reporter THE Bangko Sentral ng Pilipinas (BSP) is requiring too-big-too-fail banks to submit a separate recovery plan annually starting 2022, a move seen giving the regulator a more focused assessment of a lender’s plans to bounce back from a crisis. “The Bangko Sentral shall review the recovery plan as […]

SEC greenlights Monde Nissin’s initial public offering

THE Securities and Exchange Commission (SEC) has “considered favorably” the initial public offering (IPO) of food manufacturer Monde Nissin Corp, the corporate regulator said in a statement on Tuesday. “The commission en banc resolved to render effective the registration statement of Monde Nissin covering 17,968,611,496 common shares to be listed and traded on the Main […]

SEC greenlights Monde Nissin’s initial public offering

THE Securities and Exchange Commission (SEC) has “considered favorably” the initial public offering (IPO) of food manufacturer Monde Nissin Corp, the corporate regulator said in a statement on Tuesday. “The commission en banc resolved to render effective the registration statement of Monde Nissin covering 17,968,611,496 common shares to be listed and traded on the Main […]

Globe reports 152% increase in cell sites built

GLOBE.COM.PH GLOBE Telecom, Inc. said on Tuesday the number of new cell sites it built from January to March this year increased by 152% to 318 from 126 in the same period last year. The Ayala-led telco issued the update during its annual stockholders’ meeting yesterday. Fourth-generation (4G) LTE and fifth-generation (5G) builds reached 7,065 […]

Peso up on gov’t euro bond offer

BW FILE PHOTO THE PESO strengthened against the greenback on Tuesday following the announcement of the government’s euro-denominated bond offer. The local unit closed at P48.32 per dollar on Tuesday, appreciating by three centavos from its P48.35 finish on Monday, data from the Bankers Association of the Philippines showed. The local unit opened the session […]