by ev3v4hn | Aug 17, 2020 | Business News
Budget cuts inflicted upon agencies further ballooned to a net of P34.5 billion in July as more money was diverted to COVID-19 response, Department of Budget and Management (DBM) data released on Monday (Aug. 17) showed. Assistant Budget Secretary Rolando U. Toledo told the Inquirer that since the Bayanihan to Heal as One Act lapsed […]
by ev3v4hn | Aug 17, 2020 | Business News
BEIJING — Japanese stocks sank while other Asian markets gained Monday after Japan reported a record economic contraction as the coronavirus pandemic weighed on retailing, investment and exports. (AP Photo/Eugene Hoshiko)ket Investors in Asia looked ahead to...
by ev3v4hn | Aug 17, 2020 | Business News
TOKYO — Japan’s economy shrank at annual rate of 27.8% in April-June, the worst contraction on record, as the coronavirus pandemic slammed consumption and trade, according to government data released Monday. FILE – In this June 17, 2020, file photo, containers are...
by ev3v4hn | Aug 17, 2020 | Business News
The municipality of Tampakan has terminated an agreement that allowed Sagittarius Mining Inc. (SMI) to continue its mining operations in the area, citing “vague” and “disadvantageous” terms in the contract. The local government unit in South Cotabato issued the...
by ev3v4hn | Aug 17, 2020 | Business News
The Philippines’ foreign exchange reserves will likely top the $100-billion mark soon, according to the chief of the central bank—a situation that will give the country a measure of protection against capital flight previously unseen in its history. In an text...
by ev3v4hn | Aug 17, 2020 | Business News
The central bank has approved a large batch of foreign loans meant to help fund the government’s fight against the coronavirus pandemic, but the regulator was quick to point out that the country’s debt profile remains favorable despite the borrowing spree. In a...
