As cash shortfall emerges as escalating dilemma due to the novel coronavirus (COVID-19) health crisis, Energy Secretary Alfonso G. Cusi has issued an order allowing the utilization of the Energy Regulations 1-94 (ER 1-94) fund as ‘cost mitigation resource’ primarily for the local government units (LGUs) that have been directly looking after the welfare of their constituents.
The rate of increase in consumer prices slightly slowed last month after global petroleum prices slid amid weak demand due to global restriction efforts to contain the coronavirus pandemic and price war of major oil producers.
The Philippine National Railways (PNR) will deploy its two newest train sets procured from Indonesia once it resumes operations after the lockdown, General Manager Junn Magno yesterday announced.
The Securities and Exchange Commission (SEC) is warning the public against unscrupulous individuals and groups who take advantage of the COVID-19 pandemic to defraud investors and consumers.
The Securities and Exchange Commission (SEC) has transferred a total of ₱2 billion from its accounts to the Bureau of the Treasury to augment the government’s war chest in tackling COVID-19.
San Miguel Corporation’s donations to the nationwide effort to manage the impact of the Covid-19 on the country has reached P877.8 million, including a personal donation of P100 million from its president, Ramon S. Ang.
Strengthening its support for medical and business frontliners, Globe has initiated a unique collaborative effort with its partner institutions in the healthcare and food industries, the result of which is a wonderful ecosystem that supports all partners.
BEIJING – Luckin Coffee Inc (LK.O) said on Sunday it will maintain normal operations at its stores and apologised to the public, days after it announced an internal investigation had shown its chief operating officer and other employees fabricated sales deals.
The Securities and Exchange Commission (SEC) on Saturday warned the public against online investment scams which takes advantage of the current situation to dupe investors and consumers.
The price of crude oil surged again Friday after OPEC said it would talk to non-members, notably Russia, giving investors hope for an end to a price war which has created market chaos along with crushed demand because of the coronavirus.
WASHINGTON – World Bank Group President David Malpass on Friday said the rapidly spreading COVID-19 pandemic was expected to cause a “major global recession” that would likely hit the poorest and most vulnerable countries the hardest.
The Walt Disney company said on Thursday it plans to furlough some of its employees starting later this month as the coronavirus pandemic keeps its theme parks and other businesses shuttered.
Google will publish location data from its users around the world from Friday to allow governments to gauge the effectiveness of social distancing measures put in place to combat the COVID-19 pandemic, the tech giant said.
The coronavirus pandemic could cost the global economy $4.1 trillion as it ravages United States, Europe and other major economies, the Asian Development Bank warned on Friday.
Department of Trade and Industry (DTI) Secretary Ramon Lopez on Friday said that small and medium enterprises can avail of loans up to P500,000 even after the enhanced community quarantine (ECQ).
Following a move to waive toll fees for all medical practitioners last week, San Miguel Corporation (SMC) reported that some 2,000 doctors and nurses have already availed of toll-free RFID stickers valid at the STAR tollway, South Luzon Expressway (SLEX), the Skyway system, NAIAX, and the Tarlac-Pangasinan-La Union Expressway (TPLEX).
The World Bank on Thursday approved the first steps in a plan to roll out $160 billion in emergency aid over 15 months to help countries deal with the impact of the global coronavirus pandemic.
San Miguel Corporation is widening food availability and accessibility by expanding its Manukang Bayan on Wheels program in several Metro Manila areas during the Enhanced Community Quarantine period.
“At this point, what is more important are lives, not money.”
SHANGHAI – Apple more than doubled its donation to China’s efforts to fight COVID-19 to over 50 million yuan ($7 million), CEO Tim Cook posted on Weibo on Wednesday, weeks after the iPhone maker said it had opened all its 42 stores in one of its largest markets.