THE PHILIPPINE Stock Exchange index (PSEi) is projected to reach the range of 7,800 to 8,100 at the end of the year on the back of the impending distribution of vaccines against the coronavirus disease 2019 (COVID-19), according to First Metro Investment Corp. (FMIC). During a
FRUITAS Holdings, Inc. has allotted P240 million to P270 million for its capital expenditure budget in 2021 to fund its expansion and future acquisition plans. In a statement on Thursday, the listed food and beverage kiosk operator said that from the amount, some P150 million will
HOLCIM PHILIPPINES, Inc. has invested P121.5 million until 2022 to improve the alternative fuel processing facility at its cement plant in Norzagaray, Bulacan. In a regulatory filing on Thursday, the company said the amount aims to improve the efficiency of its shredding operations that turn qualified
AFTER launching its online shopping platform in the Philippines, AirAsia Group Berhad is also hoping to make its food delivery and digital wallet services available to Filipino consumers soon. The airline group officially launched its AirAsia Shop in the Philippines on Thursday, as part of its
Money supply logged its sixth straight month of slower growth in November as lending continued to ease amid the coronavirus pandemic. M3 — considered as the broadest measure of liquidity in an economy — increased 10.5% year on year to P13.7 trillion in November, preliminary data
A luxury car manufacturer has been ordered to destroy a range of clothing merchandise after losing a trademark battle with a fashion company. In 2019 the High Court ruled Bentley Motors had infringed the trademark of Manchester-based Bentley Clothing. It meant the car firm could not use
New research has shown that one-in-three working parents have lied to their boss about how they are coping with the balance between home-schooling and work during the current lockdown. The poll found many parents are under severe pressure, with 42% reporting their employer has failed to offer
THE PESO closed nearly flat against the greenback on Thursday due to the continued increase in coronavirus infections and softer remittance data. The local unit closed at P48.07 per dollar on Thursday, barely changed from its Wednesday finish of P48.069, data from the Bankers Association of
By Revin Mikhael D. Ochave, Reporter PHILIPPINE shares ended higher on Thursday, ending its two-day skid, on the government’s approval of Pfizer, Inc.’s coronavirus disease 2019 (COVID-19) vaccine for emergency use. The Philippine Stock Exchange index (PSEi) rose 30.3 points or 0.41% to close at 7,273.15, while
The Government should immediately introduce Statutory Quarantine Pay (SQP) so that low paid workers have an automatic right to money they need to support them in sickness or when they have to self-isolate. That is the opinion of leading tax and advisory firm Blick Rothenberg. Heather Self
Primark says it has no plans to sell its clothes online despite warning that lockdown store closures could cost it more than £1bn in lost sales. At the moment, 305 of Primark’s 389 global stores are closed – including all 190 of its UK stores. But the
By Vann Marlo M. Villegas Reporter and Kyle Aristophere T. Atienza THE PHILIPPINES approved the emergency use of Pfizer, Inc. and BioNTech’s coronavirus vaccine, the first in the country, as infections neared 500,000 on Thursday. The local Food and Drug Administration (FDA) issued the authorization for the