Megaworld says BPO biz blunted impact of COVID-19 crisis

MANILA, Philippines — Business processing outsourcing (BPO) companies helped shield tycoon Andrew Tan’s Megaworld Corp. from the full impact of the COVID-19 pandemic, the property giant said on Thursday. Despite earnings dropping by a third in the first semester of 2020, Megaworld chief strategy officer Kevin L. Tan said their results were better than anticipated. […]

Local banks seen weathering COVID-19 crisis well

The local banking system is well-positioned to withstand the shocks brought about by the COVID-19 crisis as its resources continue to increase, the Department of Finance (DOF) said Friday. In an economic bulletin, Finance Undersecretary and chief economist Gil S....