Business

[ad_1] Banks, awash in bad loans, don’t make loans MANILA, Philippines – Banks continued to avoid making loans as the loans on their books begin to deteriorate with the removal of regulatory relief extended to clients hit by the pandemic. Outstanding loans from large banks, net of their loans between …

[ad_1] The Philippine economy contracted for three consecutive quarters as consumer spending and business activity remained depressed due to strict quarantines imposed on key economic centers to contain the spread of coronavirus infections. Shoppers wearing protective masks buy vegetables at a market during a partial closure imposed due to the …

[ad_1] The Philippine economy remained in recession in the third quarter, as gross domestic product contracted 11.5%. – PHILIPPINE STAR / MICHAEL VARCAS The Philippine economy continued to contract for the third consecutive quarter, albeit at a slower pace compared to the second quarter, as lockdown restrictions were further loosened …

[ad_1] Metro Manila (CNN Philippines, November 11) – Finance Secretary Carlos Domínguez III is optimistic that the country’s economy can recover from the effects of the COVID-19 pandemic. Domínguez told President Rodrigo Duterte on Tuesday that managing economic risks is the best way to reopen the economy amid the pandemic. …

[ad_1] The Philippine economy continued to contract in the third quarter of the year, but at a slower pace compared to the sharp decline in the second quarter, the Philippine Statistics Authority (PSA) reported on Tuesday. The country’s gross domestic product (GDP) contracted by 11.5 percent, an improvement over the …

[ad_1] WASHINGTON – The tech industry had it easy under President Barack Obama. Regulators did not file major charges, executives rotated in and out of administration, and efforts to strengthen privacy laws failed. The industry will have a much tougher time with President-elect Joseph R. Biden Jr. Bipartisan support for …

[ad_1] Acting Secretary of NEDA, Karl Kendrick Chua While the economic contraction slowed to 11.5 percent year-on-year in the third quarter after a record drop in the second quarter, the country’s chief economist sees more room for improvement during the final three months of 2020 with companies largely forced to …

[ad_1] The local stock market barometer soared to the 7,000 mark on Tuesday, further testing pre-lockdown levels as US drug maker Pfizer’s announcement of the COVID-19 vaccine breakthrough made people euphoric. global markets. The Philippine Stock Exchange Major Stock Index (PSEi) rallied 349.63 points, or 5.23 percent, to close Tuesday …

[ad_1] Bloomberry Resorts Corp., the operator of Solaire Resort and Casino, said it incurred a net loss of P2.5 billion from January to September, a reversal from last year’s profit of P3.9 billion, as its casinos They were closed during closing. Solaire continued to operate in a limited trial as …

[ad_1] But market strategists say investors need to start preparing to learn how Biden’s presidency will affect certain sectors. Solar companies and other leaders in the alternative energy industry are poised to be among the biggest beneficiaries of a Biden White House, but that potential windfall may already be included …