by ev3v4hn | Aug 7, 2020 | Business News
MANILA, Philippines — Without a vaccine yet to prevent COVID-19’s spread, President Duterte’s economic managers have tempered growth expectations for next year despite recovery from this year’s recession. The Cabinet-level Development Budget Coordination Committee (DBCC) last July 28 approved via ad referendum their projection that real gross domestic product (GDP) will contract between 4.4 percent […]
by ev3v4hn | Aug 7, 2020 | Business News
Ayala-led Bank of the Philippine Islands (BPI) has raised P21.5 billion from a pioneering bond issue dedicated to coronavirus (COVID-19) response efforts – an offering that was oversubscribed by more than seven times the base offer. The COVID Action Response or “CARE”...
by ev3v4hn | Aug 6, 2020 | Business News
Tycoon Andrew Tan-led Alliance Global Group Inc. (AGI) has unveiled a five-pronged program to perk up various businesses and ensure quick recovery from coronavirus pandemic fallout. AGI’s recovery framework, which was discussed during the company’s stockholder meeting...
by ev3v4hn | Aug 6, 2020 | Business News
Manuel V. Pangilinan Amid the unabated rise of local coronavirus (COVID19) cases, healthcare chain operator Metro Pacific Hospital Holdings Inc. (MPHHI) is expanding its capacity to serve afflicted patients and is likewise helping state-owned East Avenue Medical...
by ev3v4hn | Aug 6, 2020 | Business News
MANILA, Philippines — The Philippines will borrow a total of P6 trillion in 2020 and 2021 to finance higher spending to address the COVID-19 crisis while tax and non-tax revenues lag behind as a result of the pandemic-induced recession. Finance Secretary Carlos G....
