The Philippines, along with the rest of Asia, stands to benefit from the Joe Biden presidency due to the expected reduction of risk from the US-China trade war, as well as less protectionism and a possible increase in government stimulus.
Rafael Nadal became the fourth men’s player to reach 1,000 Tour-level wins on Wednesday after coming from one set down to beat fellow Spaniard Feliciano Lopez 4-6, 7-6(5), 6-4 in his opening match at Bercy Arena.
Cyber threats increased during the earlier days of the community quarantine but these have been addressed by financial institutions’ tough stance against online crimes.
Both the Philippine Stock Exchange index (PSEi) and the peso ended Thursday higher even as official results of the US presidential polls have yet to be announced.
The government is keen on borrowing PHP3 trillion each in 2020 and 2021 to help boost funds for economic recovery, even as the main revenue-generating agencies have been posting upticks in their collections.
The Philippines’ main equities index ended its three-day slide Friday as the peso ended trade sideways, partly on news of lower weekly jobless claims in the US before the elections.
The Philippine Stock Exchange index (PSEi) and the peso both gained Friday as optimism continues to reign over various markets.
Oil prices may remain below USD50 per barrel until 2023, according to the October report the International Energy Agency (IEA) submitted to TASS.
Department of Trade and Industry (DTI) Secretary Ramon Lopez sees no need to defer the 13th month pay for this year as the government stands ready to support distressed micro and small enterprises amid the pandemic.
Monthly sales of Association of Vehicle Importers and Distributors (AVID) slipped by 7 percent in August to 4,753 units from 5,100 unit sales in July.
Brent crude oil prices climbed on Friday after OPEC+ reassured the markets that it will strictly cut its total oil production by the determined level of 7.7 million barrels per day.
Apple became the first publicly traded US company to hit a USD2 trillion market capitalization Wednesday after its share price exceeded USD467.97.
San Miguel Corporation (SMC) will grow 100,000 mud crabs monthly at its 10-hectare mangrove plantation site in Hagonoy, Bulacan to protect the forest and provide a new and sustainable source of livelihood for residents of the town and the rest of the province.
Sales of vehicle importers in the country continued to post growth in July after the easing of the community quarantine measures in Metro Manila and other areas in the past months.
Megaworld, the country’s leading developer of integrated urban townships, posted a 34-percent drop in its net income during the first half of 2020 to PHP5.9 billion from PHP8.9 billion during the same period last year.
The ongoing upgrading of the North Luzon Expressway (NLEX) Candaba Viaduct, the decades-old elevated highway connecting this town, and the town of Apalit in Pampanga gained support from the public and private sectors in North and Central Luzon.