PEZA fears some companies might leave because of global recession

PEZA fears some companies might leave because of global recession

MANILA, Philippines — The Philippine Economic Zone Authority (PEZA) fears the global recession might prompt companies to cut down on costs, forcing them to pull out of the Philippines and focus operations on more investor-friendly countries instead. PEZA Director General Charito Plaza said in a press briefing on Tuesday that it is doing what it […]
Asian markets slip on fears of second virus wave

Asian markets slip on fears of second virus wave

HONG KONG, China – Equities dipped Monday, extending last week’s losses on fears of a second wave of virus infections around the world that could put the brakes on the easing of lockdowns and a budding economic recovery. While European nations press ahead with their...
Germans opt for staycations as virus fears linger

Germans opt for staycations as virus fears linger

According to Munich-based tour operator FTI Group, demand for holidays at home in Germany has gone through the roof this year. Image: Istock.com/balberts via AFP Relaxnews Germans usually love their sun-soaked summer holidays abroad. But fears of a second wave of...