Duterte signs Fist bill into law to aid banks amid pandemic
The Fist Act, or Republic Act (RA) 11523, will address the financial sector’s non-performing asset problems, Malacañang said Wednesday.
Higher world prices drive nickel export earnings despite production slowdown in 2020
Despite a slowdown in production due to the pandemic, the Philippine Nickel Industry Association (PNIA) reported an increase in export value in 2020.Citing data from the Mines and Geosciences Bureau (MGB), it said the Philippine nickel sector produced a total of 18.5...
Philippine vaccination rollout, ‘crucial’ to economy reboot-Cebu Chamber
The Cebu Chamber of Commerce and Industry (CCCI) is hopeful the government's vaccination program will help the recovery of the economy.Felix Taguiam, CCCI president, said the chamber was supportive of the vaccination rollout and described it as "crucial" to the...
Lalamove to end food delivery service on Feb. 15
LalaFood said in a statement on Monday that the company will continue to expand its delivery services, some plans are now ongoing in Manila and Pampanga by February 2021.
Standard Chartered Bank partners with Microsoft to become a cloud-first bank
Standard Chartered Bank and Microsoft Corporation announced a three-year strategic partnership to accelerate the bank’s digital transformation through a cloud-first strategy on Aug. 10, Tuesday.
San Miguel to continue free toll, fuel subsidy programs for frontliners
San Miguel Corp. (SMC) on Monday extended its free toll privilege and fuel subsidy for medical frontliners battling the Covid-19 pandemic.
San Miguel incurs P4-B loss in H1
In a statement, San Miguel said San Miguel Brewery (SMB) Inc. and Petron Corp. were the hardest hit by the pandemic.
PH economy in recession as Q2 GDP plunges 16.5%
The Philippine economy plunged 16.5 percent in the second quarter, the worst drop since democracy was restored in 1986 as lockdowns caused by the Covid-19 pandemic took a heavy toll on businesses.
San Miguel F&B revenues down nearly a fifth in first half
San Miguel Food and Beverage, Inc. (SMFB) on Wednesday, Aug. 5, reported that consolidated revenues declined by 19 percent to P122.82 billion in the first half, reflecting the impact of lockdowns caused by the Covid-19 pandemic.
Samsung introduces new Galaxy Tab S7 line for ‘new normal’; new wireless earbuds, smartwatch revealed
As the world suddenly went almost 100 percent virtual and videoconferencing became the new norm, Samsung unpacked its new Galaxy Tab series, along with entertainment and health companions Galaxy Buds Live and Galaxy Watch 3, respectively.
Galaxy Note 20, Z Fold 2 unveiled at Samsung ‘Unpacked 2020’
Samsung brought out BTS for a short unboxing and hands-on presentation of the new Z Fold 2.
First-quarter GDP decline revised to -0.7 percent
Government number-crunchers revised further downward the gross domestic product (GDP) data for the first quarter 2020, indicating that the economy was in worse shape than earlier reported.
Inflation accelerates to 2.7% in July
The Philippine Statistics Authority (PSA) reported a higher inflation rate of 2.7 percent for July 2020, from June’s 2.5 percent, as the economic crunch due to the pandemic bore down on transport costs.
Telcos can now secure tower permits in less than a month – DILG
Interior Secretary Eduardo Año on Sunday, August 2, assured telco players that securing government permits to build cellular towers would now only take less than a month to process, instead of six to seven months.
DTI: Dine-in restaurants, gyms, salons ‘not allowed’ under MECQ
Dine-in restaurants, barbershops, salons, gyms, and other businesses have been ordered to temporarily shut down as Metro Manila and other nearby provinces were placed under the Modified Enhanced Community Quarantine (MECQ) by President Rodrigo Duterte from Aug. 4 to 18.
Meralco H1 net income plunges due to pandemic
Meralco on Thursday reported that its first-half net income plunged to P6.8 billion from last year’s P12 billion largely due to the coronavirus pandemic.