by ev3v4hn | May 30, 2020 | Business News
The Philippines secured a total of $1.25 billion in loans from two multilateral lenders last Thursday, beefing up its war chest in the fight against the COVID-19 pandemic. The Beijing-based Asian Infrastructure Investment Bank (AIIB) green-lighted a loan of $750 million, part of a co-financing arrangement with the Asian Development Bank (ADB) for the Philippines’ […]
by ev3v4hn | May 30, 2020 | Business News
Grocery chain operator Puregold Price Club Inc. has emerged unscathed from the earnings pressure caused by the new coronavirus disease (COVID-19) pandemic, as consumers stocked up on essential goods even after lockdown measures were imposed by the government in...
by ev3v4hn | May 30, 2020 | Business News
Japanese conglomerate Sumitomo Corp. has acquired a 19.2-percent stake in the company that holds the concession to operate, maintain and extend the 20.7-kilometer Light Railway Transit 1, giving more financial muscle and technical expertise to Metro Manila’s oldest...
by ev3v4hn | May 30, 2020 | Business News
Conglomerate San Miguel Corp. (SMC) saw a 91-percent year-on-year drop in first-quarter net profit to P1.09 billion as the lockdown measures required to address the new coronavirus (COVID-19) pandemic gnawed on its beer, oil, infrastructure and energy businesses. The...
by ev3v4hn | May 30, 2020 | Business News
The steady increase in fuel prices in May—after dropping sharply in the previous month at the height of the lockdown imposed to fight the coronavirus pandemic—may have pushed the country’s inflation rate to accelerate slightly, according to the central bank’s...
by ev3v4hn | May 30, 2020 | Business News
The tollroad arm of Metro Pacific Investments Corp. has restarted work on big-ticket projects as the government has eased strict quarantine measures. In a statement on Friday, subsidiary Metro Pacific Tollways South Management Corp. said the projects moving forward...
