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Manila Times (Philippines) 07/07/2020 13:42
The continual rise in coronavirus disease 2019 (Covid-19) cases negatively impacted anew investors’ sentiment, causing the main index to drop further on Tuesday. The bellwether Philippine Stock Exchange Index (PSEi) finished at its intraday low of 6,267.40 — down 0.96 percent or 61.01 points — while the wider All Shares shed 0.66 percent or 24.34 […]
Manila Times (Philippines) 07/07/2020 13:39
Factory output, both in volume and value, continued to contract in May but at a slower pace compared to the recorded decline in April, the Philippine Statistics Authority (PSA) said. Results of the latest Monthly Integrated Survey of Selected Industries released on Tuesday by the PSA showed that the country’s volume of production (VoPi) contracted […]
Manila Times (Philippines) 07/07/2020 13:36
HSBC Private Banking revised downward its estimate for Philippine economic performance this year as it highlighted the impact of the government-imposed coronavirus disease 2019 (Covid-19) pandemic-related lockdowns on consumption and investments. “The economy will face the deepest downturn in 30 years. Currently, we project Philippines GDP (gross domestic product) to contract by 3.9 percent this […]
Manila Times (Philippines) 07/07/2020 13:31
Analysts believe benchmark interest rates in the Philippines will be kept steady by the monetary authorities despite the higher inflation rate of 2.5 percent in June. ING Bank Manila senior economist Nicholas Antonio Mapa said with a year-to-date inflation rate of 2.5 percent, consumer price growth is likely to settle at the lowerend of the […]
Manila Times (Philippines) 07/07/2020 13:27
The country’s money supply accelerated in May amid slower expansion in bank lending, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday. In a statement, the central bank said domestic liquidity (M3) grew by 16.6 percent year-on-year to P13.7 trillion in May, quicker than the 16.2 percent in April. Month-on-month and seasonally adjusted, M3 rose […]
Manila Times (Philippines) 07/07/2020 13:12
Listed Century Properties Group (CPG) recorded P6.1-billion reservations sales for the first half of the year. In a statement, the property firm said the figure is equivalent to 1,925 homes or 651 condominium units under its in-city vertical development business and 1,274 house-and-lot units under its affordable housing brand. Century Properties said it saw increased […]
Manila Times (Philippines) 07/07/2020 12:49
FRANKFURT: Another executive with bankrupt payment company Wirecard has been arrested in Germany on suspicion of aggravated fraud, prosecutors said Monday (Tuesday in Manila). The suspect, the head of a company subsidiary in Dubai, had returned to Germany to face proceedings. The arrest comes after former chief executive officer Markus Braun was taken into custody […]
Manila Times (Philippines) 07/07/2020 12:42
DENPASAR: Bali says foreign tourists will be allowed to return by September as the Indonesian holiday island scrambles to repair its crippled vacation sector — even as coronavirus cases mount. The island will reopen beaches, temples, and other tourism spots for domestic visitors by the end of July, the governor said Sunday, July 5, and […]
Manila Times (Philippines) 07/07/2020 12:41
HONG KONG: TikTok said Tuesday it would stop operations in Hong Kong, joining other social media companies in warily eyeing ramifications of a sweeping national security law that took effect last week. The short-form video app’s planned departure from Hong Kong comes as various social media platforms and messaging apps including Facebook, WhatsApp, Telegram, Google […]
Manila Times (Philippines) 07/07/2020 12:38
The International Transport Workers’ Federation (ITF) has refuted allegations that it is calling for mutiny onboard ships when it suggested that seafarers should stop working as soon as their contracts are finished. This came on the heel of criticisms that ITF recently drew from some seafarers and employers following an announcement, released by its president […]
Manila Times (Philippines) 07/07/2020 12:30
TO: ALL STOCKHOLDERS FIRST PHILIPPINE HOLDINGS CORPORATION Please take notice that the Annual Meeting of the Stockholders of our Corporation will be held virtually via this link: on Thursday, July 30, 2020, at 10:00 a.m, to discuss the following: Call to Order Proof of Required Notice Determination of Quorum Approval of the [...]
Manila Times (Philippines) 07/07/2020 12:27
The Maritime Industry Authority (Marina) has directed all manning agencies to comply with the “green lane” protocols that would facilitate the efficient and speedy travel of seafarers, who perform an important role in the global supply chain. Marina Administrator Robert Empedrad said a joint circular has been signed to establish the “green lane” to speed […]

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