MANILA – Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno discounted the need for another cut in banks’ reserve requirement ratio (RRR) anytime soon since domestic liquidity remains...
(OTTAWA) – May 21, 2020 – The Canadian Chamber of Commerce launched the Canadian Business Resilience Network’s guide for businesses moving to reopen, Reopening Canada’s Economy, A National Guide...
The parent company of Victoria’s Secret, L Brands, announced that it is closing hundreds of its stores both in the United States (U.S.) and Canada, as...
ISTANBUL – The UK-based aircraft engines producer Rolls-Royce plans to cut 9,000 jobs due to the fallout from the coronavirus disease 2019 (Covid-19) pandemic, it was announced...
MANILA – Monetary authorities are pushing for the enactment of the proposed Financial Institutions Strategic Transfer (FIST) law to help banks facing difficulties amid the coronavirus disease...
MANILA – Finance Secretary Carlos Dominguez III has called on the Senate to include the economic team’s proposal on immediately cutting the corporate income tax (CIT) rate...
MANILA – The Board of Investments (BOI) has approved PHP84 billion worth of investment pledges from January to April, down by 71 percent from PHP286.7 billion in...
MANILA – The country’s largest conglomerate SM Investments Corporation (SM) on Thursday reported its profit declined by 16 percent in the first quarter of 2020 due partially...
MANILA – The Securities and Exchange Commission (SEC) has reiterated its directive for all financing and lending companies to provide borrowers more time to settle loans falling...
The Canadian Chamber of Commerce today issued the following statement regarding the federal government expanding the eligibility criteria for the Canada Emergency Business Account (CEBA): “Today’s...