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By Caesar Vallejos, OPEN FOR BUSINESS The world is at war. Not with guns and ammunition, but with soap and water, and emerging technologies in the 4th Industrial Revolution (4IR), while nations are still in a rush to develop drugs to counter the coronavirus pandemic. Responding to the Philippine’s Enhanced Community Quarantine (ECQ), Eagle Broadcasting Corporation (EBC) was quick to transform the scheduled Open For Business (OFB) Forum event into a digital public forum to […]
RIYADH, Saudi Arabia (AFP) — Saudi Arabia’s King Salman will chair an emergency virtual summit of leaders from the Group of 20 major economies on Thursday to discuss a global response to the coronavirus pandemic. World leaders, including Russian President Vladimir Putin, will take part in the talks which the Kremlin said will take place by videoconference. “King Salman will chair the meeting to advance a coordinated global response to the COVID-19 pandemic and its […]
HONG KONG, China (AFP) — Asian markets and crude prices surged while the dollar sank Tuesday after the Federal Reserve unveiled an unprecedented bond-buying program to support the US economy. While most of the planet goes into lockdown, traders gave a massive thumbs up to the US central bank’s pledge to essentially print cash in a move not seen since the global financial crisis more than a decade ago. The Fed, which has already slashed […]
DUBAI, United Arab Emirates (AFP) — Dubai carrier Emirates reversed on Sunday its decision to suspend all passenger flights, shortly after it said it would halt operations from March 25 amid the novel coronavirus outbreak. The airline said it “received requests from governments and customers to support the repatriation of travellers” and will continue to operate passenger flights to 13 destinations, down from its usual 159. Emirates will continue to fly to the United Kingdom, […]
HONG KONG, China (AFP) — Asian markets were mostly in the red in early trade Monday despite massive economic stimulus efforts worldwide, with investors spooked by the relentless march of the coronavirus pandemic. The negative mood was fuelled by the failure of US lawmakers to agree on a trillion-dollar emergency package to help the reeling American economy. The global death toll from the virus has surged past 14,300, with nearly a billion people confined and […]
(Eagle News) — The World Bank has allotted US$100-million fast-track loan to the Philippine government for the procurement of personal protective equipment for (PPE) for health care workers, and other equipment needed to contain the spread of the coronavirus disease in the country. The $100 million aid to the Philippines to fight COVID-19 will help the Department of Health in the procurement also of testing and laboratory materials, quarantine areas, isolation rooms and other […]
(Eagle News) – The Bangko Sentral ng Pilipinas (BSP) extended a regulatory relief package to banks and other BSP-supervised financial institutions (BSFI) to help cushion the potential impact of COVID-19 on their operations. The relief package was provided for in Memorandum No. M-2020-008, issued by the BSP shortly after its Monetary Board approved the granting of temporary relief and rediscounting relief measures to BSFIs. In a statement, the BSP said that it “recognizes the potential […]
HONG KONG, China (AFP) — Asian equities enjoyed some much-needed gains Friday after another volatile week on global markets as investors took solace in a blockbuster series of government and central bank measures aimed at cushioning the economic blow from the coronavirus. The dollar also eased somewhat after a lengthy rally fuelled by traders cashing out of their investments, while the embattled oil market extended Thursday’s gains. With the deadly pandemic showing no sign of […]
MANILA, Philippines (AFP) — Philippine shares plunged by nearly 25 percent on Thursday only moments after the Manila stock exchange resumed trade following a two-day trading suspension prompted by the coronavirus pandemic. The Southeast Asian nation was the first in the world to indefinitely suspend trading after President Rodrigo Duterte ordered more than half of its population to stay home for the next month. Manila’s bourse had suspended operations “until further notice” in response but […]
by Roland JACKSON LONDON, United Kingdom (AFP) — Global stock and oil markets plunged Wednesday, as vast stimulus measures failed to offset heightened concerns that the worsening coronavirus outbreak will tip the world into a deep downturn, dealers said. In European stock market trading, Frankfurt, London, and Paris tanked around five percent in morning deals, after similar dizzying losses across Asia. Before the market open in Paris, French regulators banned for one-month short-selling, or the […]
FRANKFURT AM MAIN, Germany (AFP) — German carmaker BMW said Wednesday it would close European and South African factories accounting for half its output for a month, matching other car giants stricken by coronavirus containment measures. It also warned that profits this year would be significantly lower as a result of the crisis. “From today, we will shut down our European car factories and the Rosslyn factory in South Africa,” chief executive Oliver Zipse said, […]
HONG KONG, China (AFP) — Asian markets plunged Wednesday, reversing an early rally fuelled by global stimulus pledges, including a more than $1 trillion package flagged by the United States. With borders being shut and countries going into lockdown, there is a broad expectation the world economy will plunge into recession as markets convulse. Dealers across the planet, who have been sent running for the hills, have been begging for government measures to mitigate the […]
