Business

[ad_1] Consumer confidence hit a record low in the third quarter, while business sentiment was most pessimistic in more than 11 years on concerns about the pandemic-induced recession. – PHILIPPINE STAR / MICHAEL VARCAS CONFIDENCE among Filipino consumers fell to an all-time low in the third quarter, while businesses were …

[ad_1] Local think tank Action Economic Reforms (AER) urged the Senate to remove the tax exemption provision under the bill that grants San Miguel Corp. (SMC) a franchise for the construction of the “New Manila International Airport” in Bulacan. The AER made the call, noting that “taxpayers should get rid …

[ad_1] MANILA, Philippines – Eugenio “Gabby” López III, the media mogul at the center of President Rodrigo Duterte’s devastating attacks on ABS-CBN Corp., resigned from the company on Thursday (September 24), giving The next generation of leaders a free hand in navigating a crisis triggered by the loss of their …

[ad_1] “As part of an ongoing portfolio rationalization to simplify and increase the resilience of its business, Shell is exploring its options with a view to divesting its interest” in Malampaya, a spokeswoman told Reuters. “Shell would ensure a smooth transition of the asset to a credible buyer who would …

[ad_1] MANILA – The ceiling for the annual interest rate for credit card transactions has been set at 24 percent or a maximum of 2 percent per month, effective November 3, 2020. In a virtual briefing on Thursday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said that credit card …

[ad_1] Not surprisingly, the results of the central bank’s Business Expectations Survey (BES) and Consumer Expectations Survey (CES) were not positive and optimistic, as the COVID-19 pandemic has yet to be resolved and most of the economic centers of the country are still measures for quarantine. File photo MB. The …

[ad_1] MANILA, Philippines – State-owned Philippine National Oil Co. (PNOC) is studying the possibility of competing for Shell’s 45% operating stake in the Malampaya natural gas project, as the oil giant confirmed its plans to divest in one of the country’s largest sources of energy supply. PNOC President Reuben Lista …

[ad_1] BSP to request some banks to extend free cash transfers Ian Nicolas Cigaral (Philstar.com) – September 24, 2020 – 4:30 pm MANILA, Philippines – Banking regulators intend to ask some lenders to postpone plans to pay back money transfer fees before October 1. “We may ask you to reconsider …

[ad_1] MANILA – For 20 years, amid military coups, typhoons, terrorist attacks and a People’s Power revolution, Rollie Magalona’s clients have come to his barbershop in Metro Manila for more than a cut and shave. Despite everything, rich and poor have crowded into the store in the Mandaluyong district of …

[ad_1] MANILA – Globe Telecom announced its “biggest network upgrade” on Thursday after the government called for better Internet service, especially during the pandemic. The plan includes accelerating the construction of cell sites, expanding coverage and increasing data capacity, Globe Telecom said in a statement. The update was established 10 …