Business

World Bank allots $100-M fast-track loan to help PHL contain coronavirus spread

  (Eagle News) -- The World Bank has allotted US$100-million fast-track loan to the Philippine government for the procurement of…

BSP extends relief package to banks, financial institutions over COVID-19 impact

(Eagle News) – The Bangko Sentral ng Pilipinas (BSP) extended a regulatory relief package to banks and other BSP-supervised financial…

Asia markets lifted by huge economic support plans

HONG KONG, China (AFP) -- Asian equities enjoyed some much-needed gains Friday after another volatile week on global markets as…

Philippine stocks plunge nearly 25% after virus trading halt

MANILA, Philippines (AFP) -- Philippine shares plunged by nearly 25 percent on Thursday only moments after the Manila stock exchange…

World markets slump as recession fears eclipse stimulus

by Roland JACKSON LONDON, United Kingdom (AFP) -- Global stock and oil markets plunged Wednesday, as vast stimulus measures failed…

BMW to shut down European factories over virus

FRANKFURT AM MAIN, Germany (AFP) -- German carmaker BMW said Wednesday it would close European and South African factories accounting…

Asian markets tumble as early stimulus rally fizzles

HONG KONG, China (AFP) -- Asian markets plunged Wednesday, reversing an early rally fuelled by global stimulus pledges, including a…

PHL financial markets allowed to open amid Luzon-wide enhanced quarantine

  (Eagle News) – The Philippine government has now allowed financial markets to re-open amid the Luzon-wide enhanced community quarantine…

VW to close most European plants ‘for two to three weeks

by Michelle FITZPATRICK FRANKFURT AM MAIN, Germany (AFP) -- German auto giant Volkswagen said Tuesday it was preparing to shutter…

Airlines cancel domestic, international flights due to Luzon-wide quarantine

  (Eagle News) - Philippine Airlines, AirAsia Philippines, and Cebu Pacific have cancelled domestic and international flights until April in…

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