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Ian Nicolas Cigaral
Ian Nicolas Cigaral
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Christmas dollar inflows begin to perk up an already strong peso
by Ian Nicolas Cigaral - November 25, 2020 - 6:44pm
This was the peso’s strongest performance since it closed at P48.10 per dollar on Oct. 20, 2016, data showed.
SM tries to lure back scared shoppers with a new mall
by Ian Nicolas Cigaral - November 25, 2020 - 5:17pm
Not even the coronavirus pandemic could stop retail titan SM Supermalls from opening its first ever shopping center in Zamboanga City.
PAL readies recovery plan reportedly with debt reprieve
by Ian Nicolas Cigaral - November 25, 2020 - 5:02pm
Unlike Southeast Asian countries such as Malaysia and Thailand, the Philippines has rejected bailing out firms brought down to their knees by the pandemic.
Back-to-back slump narrows space to catch up on state spending
by Ian Nicolas Cigaral - November 25, 2020 - 1:55pm
The national government spent P289.6 billion last month, down 6.84% year-on-year and marking the second straight month of decline following a 15.5% slump the previous month, which was the largest under the Duterte...
Income gap to worsen as Asia Pacific drops pandemic aid
by Ian Nicolas Cigaral - November 24, 2020 - 7:19pm
“History suggests that various episodes of political conflict across Asia have their roots in income imbalances, which have typically converged with class and religion-based divides,” Moody’s ...
Confectioner Universal Robina ventures into rubbing alcohol business
by Ian Nicolas Cigaral - November 24, 2020 - 2:47pm
Snack maker Universal Robina Corp. is entering the rubbing alcohol market amid high demand due to the coronavirus pandemic.
Banks' bad loans to peak only by next year — Fitch
by Ian Nicolas Cigaral - November 23, 2020 - 6:46pm
"Fitch does not expect asset quality deterioration to peak until well into 2021," it said.
Megawide proves financial muscle to put NAIA rehab back on track
by Ian Nicolas Cigaral - November 23, 2020 - 6:26pm
Currently, application by Megawide Construction Corp. to rehabilitate the ageing NAIA is back with transport department after initially getting turned down by the finance department and National Economic and Development...
PEZA out to prevent third straight year of investment slump
by Ian Nicolas Cigaral - November 23, 2020 - 2:58pm
With only 2 months left into the year, Charito Plaza of PEZA said foreign placements “might exceed P100 billion” this year.
PSEi zooms past 7,100-level on BSP's shocking rate cut
by Ian Nicolas Cigaral - November 20, 2020 - 5:23pm
Investor optimism returned to the trading floors of the Philippine Stock Exchange.
BSP unveils new logo to reflect 'changing times'
by Ian Nicolas Cigaral - November 20, 2020 - 12:32pm
The Bangko Sentral ng Pilipinas (BSP) on Friday said it is replacing its 10-year-old logo as part of its strategy to make the regulator "more relevant" to Filipinos.
Unexpected BSP rate cut fulfills Diokno's 'whatever it takes' pledge
by Ian Nicolas Cigaral - November 19, 2020 - 6:30pm
By lowering benchmark rates, Diokno and his six peers at the Monetary Board is trying to prompt banks to lower their loan interest rates.
Priority bill to cut red tape gets stuck in signing process
by Ian Nicolas Cigaral - November 19, 2020 - 5:13pm
An enrolled copy of the so-called anti-red tape bill is awaiting signature from House Speaker Lord Allan Velasco to “sign and transmit” to President Rodrigo Duterte’s desk for enactment, Senate...
Return to pre-pandemic growth seen beyond Duterte gov't
by Ian Nicolas Cigaral - November 19, 2020 - 2:41pm
“India and the Philippines were the two hardest hit by the economic impacts of the pandemic…,” Moody's Analytics said.
Luzon price controls unlikely to influence inflation — BSP
by Ian Nicolas Cigaral - November 18, 2020 - 5:03pm
“Price freeze is temporary. It is meant to deter unscrupulous businessmen from taking advantage of the calamity,” BSP Governor Benjamin Diokno said.
Watchdog on its toes over pandemic-induced financial risk contagion
by Ian Nicolas Cigaral - November 18, 2020 - 4:21pm
Known as “slow-burn contagion,” focus is now on financial deterioration occurring at firm level that can inevitably spell the failure of others because they are interrelated.
Converge network outage disconnects thousands
by Ian Nicolas Cigaral - November 17, 2020 - 3:32pm
Subscribers lost internet access at 1:10 p.m. due to “issues in our Data Center,” Converge said in an advisory.
Government's tight budget planning open to 'Bayanihan 3' for typhoon victims
by Ian Nicolas Cigaral - November 16, 2020 - 7:41pm
“We are in the process of evaluating the damage of the series of typhoons and the amounts required to address these and will determine whether or not the current budget will be sufficient,” Finance Secretary...
Automakers say 'on track' to goal despite October slowdown
by Ian Nicolas Cigaral - November 16, 2020 - 3:42pm
Month-on-month, car and truck sales went up 2%, but remained 27.3% down year-on-year.
JG Summit earnings back in black in third quarter
by Ian Nicolas Cigaral - November 13, 2020 - 5:33pm
The company said it remains "cautiously optimistic" as consumer demand stays depressed amid the coronavirus pandemic.
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