Surge in data demand spares PLDT from worst COVID-19 impacts

Surge in data demand spares PLDT from worst COVID-19 impacts

Surging demand for online entertainment and e-commerce has shielded telco giant PLDT Inc. from the worst effects of the COVID-19 pandemic. At the company’s annual meeting on Tuesday (June 9), PLDT chair and CEO Manuel V. Pangilinan said revenues took a hit in the early weeks of the enhanced community quarantine (ECQ) in Luzon. Business […]
World Bank names S. Korea ‘COVID-19 safe spot’

World Bank names S. Korea ‘COVID-19 safe spot’

BEIJING — The World Bank has added South Korea to the list of countries that are providing efficient emergency medical services to its employees, Seoul’s Finance Ministry said Tuesday. The multilateral agency’s decision is seen as its recognition of Korea’s successful...
WB sees PH poverty worsening in COVID-19 recession

WB sees PH poverty worsening in COVID-19 recession

Recession in the Philippines was likely to lead to worsening poverty and a delay by two years in the country’s bid to become an upper middle class country, according to World Bank (WB) analysts. WB projected Philippine gross domestic product (GDP) to enter negative...
France announces $16.9B in aid to aviation industry

France announces $16.9B in aid to aviation industry

In this June 18, 2019 file photo, an Airbus A330 performs a demonstration flight at Paris Air Show, in Le Bourget, northeast of Paris. France’s government has announced 15 billion euros ($16.9 billion) in aid for the virus-battered aerospace industry, including...