60-day debt moratorium backed | Inquirer Business

MANILA, Philippines — Business groups lauded the compromise both houses of Congress reached on the moratorium on debt payments to ease the difficulties of Filipinos during the COVID-19 quarantine in many parts of the country. Francis Lim, president of the influential Management Association of the Philiplines (MAP), said over the weekend that the 60-day freeze […]

GMA7 buys back PDRs | Inquirer Business

GMA Network Inc. is buying back its Philippine Depositary Receipts (PDR) in a preemptive bid to protect its foreign investors. GMA Network said in a Philippine Stock Exchange filing on Tuesday its board of directors had approved the acquisition of PDRs issued by GMA...

T-bills rates further slide | Inquirer Business

National Treasurer Rosalia de Leon. (INQUIRER FILE PHOTO) MANILA, Philippines — Treasury bill rates further slid across the board on Monday as government securities remained appealing to investors despite a COVID-19-induced recession. The Bureau of the Treasury sold...

PSEi slips 0.96% | Inquirer Business

The benchmark Phi­lippine Stock Exchange index (PSEi) sank on Friday after reports emerged that the Philippines topped the Southeast Asian region in terms of COVID-19 infections. This indicated that the government has yet to control the spread of the virus, which...