Maybank: PH economic recovery from COVID-19 still ‘nascent’

Maybank: PH economic recovery from COVID-19 still ‘nascent’

Economic recovery in the Philippines is nascent, or still emerging, as the country loosens up the most restrictive COVID-19 lockdown in Asia, according to a report of the Malaysian financial giant Maybank. “The Philippines and Indonesia are still facing high daily COVID-19 cases although there are tentative signs that the outbreak may have peaked,” said […]
Jollibee unprofitable in Q1, bleeding seen to worsen

Jollibee unprofitable in Q1, bleeding seen to worsen

Fast-food giant Jollibee Foods Corp. turned unprofitable in the first quarter as the coronavirus pandemic bludgeoned its restaurants in China, the Philippines and other overseas markets. JFC incurred a three-month attributable net loss of P1.79 billion, a turnaround...