Philippines seeks new P540-B debt from BSP
THE Philippine government is seeking a new P540-billion ($11.2 billion) loan from the central bank to aid in pandemic relief measures, Treasurer Rosalia de Leon said. The request for a new loan was transmitted to the central bank after the government
BSP won’t impose sanctions on foreign bank branches for SBL breach
THE Makati business district is seen in this file photo taken Jan. 25, 2017. — REUTERS/ROMEO RANOCO THE central bank will not impose sanctions on the branches of foreign banks for the breach of the single borrower’s limit (SBL) until Dec.
ERC orders Meralco to refund P1.4 billion in excess charges
THE Energy Regulatory Commission (ERC) on Tuesday ordered Manila Electric Co. (Meralco) to return P1.4 billion to its customers for over-collecting some charges in their monthly electricity bill. At the same time, the regulator told the power distribution company to collect
SEC allows staggered booking of credit losses
THE Securities and Exchange Commission (SEC) has allowed the staggered booking of credit losses to help licensed financing companies, lending companies, and accredited microfinance non-government organizations (NGO) during the pandemic. In a memorandum circular issued on Dec. 28, SEC Chairperson Emilio
Greenergy ends partnership with RYM, landowners
ANTONIO L. Tiu-led Greenergy Holdings, Inc. on Tuesday announced that it had discontinued its partnership with RYM Business Management Corp. and some landowners after the termination of a memorandum of agreement (MoA). “The parties (RYM Business and the landowners) have decided
Globe offers free data to some customers
GLOBE TELECOM, Inc. is offering 10 gigabits (Gb) of free data to selected home prepaid WiFi customers who were not able to reload their devices since the latter part of October. The data will be valid for seven days after receipt,
Foreign currency loans down as firms cut working capital
FOREIGN CURRENCY loans slipped in the third quarter amid continued tepid business activities and stricter lending standards as the pandemic crisis stretched on. Data from the Bangko Sentral ng Pilipinas showed outstanding loans disbursed by foreign currency deposit units (FCDU) of
Boris Johnson under pressure to delay school reopenings
Boris Johnson is facing increased pressure from cabinet ministers and scientific advisers over the reopening of schools as more than 40,000 coronavirus cases were recorded in a single day for the first time. As the number of patients with Covid-19 in
Netflix is projected to spend $19 Billion on video content in 2021
As the streaming competition continues to shape up, Netflix has turned the focus on bettering its video content library to remain on top. As a result, Netflix has been increasing its video content budget annually. Data presented by Bankr estimates that
After property scandal, Pope tightens money controls
By Philip Pullella Image via Mazur / catholicnews.org.uk / CC BY-NC-SA 2.0
COVID SCIENCE – UK variant linked to high viral loads, Neanderthal gene offers protection
The following is a roundup of some of the latest scientific studies on the novel coronavirus and efforts to find treatments and vaccines for COVID-19, the illness caused by the virus. UK coronavirus variant associated with higher viral loads The highly infectious
S.Korea sets $8.5 bln package to fight new coronavirus wave – finmin
SEOUL – South Korea unveiled a fresh 9.3 trillion won ($8.49 billion) package on Tuesday to support small businesses hit by a third wave of coronavirus and those vulnerable to unemployment due to the outbreak. Of the total package, 5.6 trillion
Thais Dipping Into Gold Savings Undermine Steps to Rein in Baht
Gold sales in Thailand are surging as households reach for a financial lifeline amid the pandemic, a tactic that risks complicating government efforts to tame an export-stifling rally in the nation’s currency. Exports of the precious metal surged to a record
China’s Struggling to Get the World to Trust Its Vaccines
Of all the developing countries testing China’s Covid-19 vaccines, few are friendlier to Beijing than Pakistan. In the years leading up to the pandemic, China financed nearly $70 billion across the South Asian nation on roads, railways and power stations,
How information technology helps startup companies succeed
Various industries have been growing into giants these past few years. From the communications up to the food industries, it all comes into one: business. Business is one of the fastest-growing industries in the world today. Many aspiring entrepreneurs seek to
The best merchandising strategies in store
In stores, brands usually implement both seductive and visual merchandising, applying them to various areas such as the fitting room, the cashier and the shop window. Juice wrld Merch focused on merchandising strategies, to applying them is one of the best
Blockchain in supply chain and logistics
Blockchain can transform the global supply chain model for products in real-time with faster and more secure transactions. This technology provides a more secure alternative to a centralized database because a decentralized database has more than one official record of a
Robotic arm- Unique features and uses of a robotic arm
The robotic arm has always been a feature of the manufacturing industry. With robots helping to make work lighter in factories for decades, you can describe them as permanent fixtures of manufacturing. Over time, manufacturing technology has evolved. It has made