BRENT LEWIN/BLOOMBERG LOCAL BANKS’ bad loans continued to rise in July as the economy was battered by the coronavirus pandemic, bringing the industry’s nonperforming loan (NPL) ratio to its highest level since 2014. Gross bad loans climbed by nearly a third (32.1%) to P290.1 billion in July from P219.6 billion a year ago, according to […]
By Lourdes O. Pilar, Researcher PHILIPPINE international trade further contracted in July as trade activity remains subdued here and the rest of the world, the Philippine Statistics Authority (PSA) reported on Thursday. Preliminary data from the PSA showed merchandise exports in July declined by 9.6% to $5.654 billion compared with a revised 12.5% fall in […]
PHILIPPINE international trade further contracted in July as trade activity remains subdued here and the rest of the world, the Philippine Statistics Authority (PSA) reported on Thursday. Read the full story.
Among Southeast Asian countries, the Philippines trails Indonesia, Malaysia, Singapore, Thailand, and Indonesia in terms of internet affordability and quality, based on the 2020 Digital Quality of Life Index. — PHILIPPINE STAR/MICHAEL VARCAS By Marifi S. Jara, Mindanao Bureau Chief THE BUSINESS sector is appealing to President Rodrigo R. Duterte to issue an order that […]
THE Mindanao business community wants the government to restart its infrastructure projects in the region as the economy reopens. Mindanao is transitioning to fewer lockdown restrictions, with 75% of industrial and commercial businesses reopened, the Philippine Chamber of Commerce and Industry (PCCI) said at the 29th Mindanao Business Conference on Thursday. In its recommendations, the […]
HTTPS://PEPSIPHILIPPINES.COM/ By Denise A. Valdez, Senior Reporter PEPSI-COLA Products Philippines, Inc. (Pepsi-Cola Philippines) will be exiting the Philippine Stock Exchange (PSE) after its public ownership dropped below the minimum requirement. The company told the exchange on Thursday its board of directors had approved the voluntary delisting of shares from the PSE main board due its […]
AN affiliate of Ayala Corp. sold its material stake in an Australian energy firm, which might be delisted from the stock market soon. UAC Energy Holdings, a 75%-owned company of the Ayalas’ power arm AC Energy, Inc., divested its 20% shareholdings in Infigen Energy, Ltd. for A$0.92 per share to former rival bidder Iberdrola, S.A., […]
YIFEI LIU in Mulan — WWW.IMDB.COM IT WAS supposed to be another $1 billion blockbuster for Walt Disney Co. — a live-action remake of a 1998 animated hit featuring an all-star Asian cast, breathtaking cinematography, and plenty of martial arts. Instead, the new Mulan is proving to be a political hot potato, reflecting the US’s […]
SPECIALTY retailer SSI Group, Inc. is keen on expanding its e-commerce platforms to contribute 20% of its sales within the next few years. In the company’s annual stockholder’s meeting on Thursday, SSI President Anthony T. Huang said the coronavirus pandemic is pushing the company to adapt to changing consumer habits. “Our medium-term vision for e-commerce, […]
WWW.IMDB.COM WALT DISNEY Co. investors eager to hear early results from the company’s unusual online release of the new film Mulan will have to wait. Chief Financial Officer Christine McCarthy said Wednesday Disney is happy with the debut of Mulan on its streaming service and that the picture led to an increase in subscribers. But […]