The Philippines should gradually reopen the economy and allow businesses to operate at 50 percent capacity to protect jobs, according to Teresita Sy-Coson who helps run an empire from banking to retail under SM Investments Corp. “If all the industries can start operating 50 percent, including the transport, with all the medical precaution like making […]
Read MoreKUALA LUMPUR: The founders of Malaysia’s AirAsia Group Bhd will not take salaries and its staff has agreed to an as much as 75% cut in pay due to the impact of the novel coronavirus outbreak on the airline, its chief executive said late on Saturday. Tony Fernandes said in an Instagram post that he […]
Read MoreMANILA, Philippines — The government should look into the possibility of gradually reopening the economy and allowing businesses to operate at 50 percent capacity to help cushion the economy from the impact of the coronavirus disease 2019 or COVID-19 pandemic, according to SM Investment Corp. (SMIC) vice chair Teresita Sy-Coson. Coson said this may be […]
Read MoreA Fitch Group unit warned that its Philippine economic growth outlook for 2020 is now subject to downside risks because of the extended enhanced community quarantine (ECQ) imposed on Luzon. “The extension of the lockdown has been a risk we have flagged to the Philippines’ economic outlook,” Michael Langham, Fitch Solutions senior country risk analyst, […]
Read MoreRecap: Stock markets ended the week with upbeat momentum as investor sentiment was lifted by hopes that the coronavirus pandemic is peaking, and by stimulus efforts of governments across the globe. The SET index moved in a range of 1,173.14 and 1,243.50 points this week before closing yesterday at 1,228.03, up 7.8% from the previous […]
Read MoreThe Hanoitimes – Prime Minister Nguyen Xuan Phuc has requested government agencies to ensure national food security and avoid shortage of rice in any circumstance. Prime Minister Nguyen Xuan Phuc has agreed to resume rice export with an amount of 400,000 tons in April. Phuc, however, requested government agencies to ensure national food security and avoid […]
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