PHILIPPINE STAR/ MICHAEL VARCAS By Luz Wendy T. Noble, Reporter PHILIPPINE banks may experience "systemic solvency distress" if the economic impact of the coronavirus disease 2019 (COVID-19) turns out to be worse than initially expected, the International Monetary Fund (IMF) said. "While banks can withstand the exceptionally severe shocks in the baseline, they could experience a systemic solvency impact if ...

THE 60-DAY price ceiling on select pork and chicken products in Metro Manila ended on April 8. -- PHILIPPINE STAR/ MICHAEL VARCASDESPITE the slight easing in March, inflation is expected to remain elevated in the second quarter with the lifting of the price caps on some meat products and rising global commodity prices, analysts said. "We currently forecast Philippines inflation ...

COURTESY OF REUTERS THE National Government's gross borrowings stood at P53.912 billion in February, plunging 89% from P479.23 billion a year ago when the Treasury sold retail Treasury bonds (RTB). Latest data from the Bureau of the Treasury (BTr) showed the borrowings in February were 92.41% lower than the P710.32 billion raised in January when the Treasury renewed its P540-billion ...

1 of 2 FOR the Watches and Wonders 2021 virtual industry in Geneva, Rolex released new iterations of its classics, the Explorer, the Datejust, and the Oyster Perpetual. The pieces were presented via an online press conference last week. First up was the Explorer and the Explorer II. This year, the Oyster Perpetual Explorer is available in a yellow Rolesor ...

1 of 3 PARIS -- In Artcurial's auction house overlooking the shuttered boutiques of the Champs Elysees avenue in Paris, vintage fashion expert Clara Vivien is overseeing the sale of hundreds of Chanel jackets, shoes and jewelled accessories -- all online. Paris may be the world's fashion capital, but a third COVID-19 lockdown is once again sending lovers of luxury ...

KIM KARDASHIAN -- INSTAGRAM.COM/KIMKARDASHIANREALITY star and businesswoman Kim Kardashian's Skims raised $154 million in its latest funding round led by venture firm Thrive Capital to reach a $1.6 billion valuation, the shapewear label said on Friday. The round also included funding from two existing investors, Imaginary Ventures and Alliance Consumer Growth. The TV personality's lucrative businesses -- makeup brand KKW ...

1 of 2 By Angel Rivero WHILE WE'VE had many practical realizations borne out of this ongoing pandemic, one of the most glaring of them is the sheer importance of mobility. Private individuals need options for personal mobility, while businesses and emergency services likewise need reliable mobility in order to continue rendering their services. And among those who have stepped ...

GIORGIO ARMANI -- JAN SCHROEDER/ EN.WIKIPEDIA.ORGMILAN -- Giorgio Armani may consider a joint venture with another Italian company, the founder of the Milanese fashion house told US magazine Vogue, opening the door for the first time to a potential business partner. In an interview published on the vogue.com website, Armani, 86, said the COVID-19 emergency had "made us open our ...

1 of 2 ISUZU PHILIPPINES CORP. (IPC) recently turned over eight units of the Isuzu D-Max RZ4E to North Trend Marketing Corp. (NTM), the authorized Philippine distributor of the commercial and industrial lubricants of Castrol. Known as the country's diesel expert, Isuzu sees this as "boosting its share in moving the domestic economy forward through the latest delivery of its ...

PHILIPPINE STAR/ MICHAEL VARCAS By Jenina P. Ibanez, Reporter THE Board of Investments (BoI) will be releasing a preliminary list of industries eligible for incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, Trade Secretary and BoI Chairman Ramon M. Lopez said. Albay Representative Jose Ma. Clemente S. Salceda last week said that he wants the BoI ...

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