Wednesday, April 8, 2020
By: Philstar Dismal consumption and a halt in public transportation in Luzon started to temper inflation in March, an unwarranted consequence of businesses getting shuttered and consumers being asked to stay home in the Philippines’ most populous island. Consumer prices rose...
By: Terence Ng, Tofugear The coronavirus outbreak that originated in mainland China has led to border controls in various countries, a decrease in tourist traffic and a drop in consumer confidence in the most affected countries. Shoppers are staying at...
Golden ABC, the mother company of fashion brands Penshoppe, ForMe, and Regatta, among others has manufactured personal protective equipment (PPEs) for healthcare workers battling the COVID-19 pandemic which put the country's main island Luzon in quarantine since March 17,...
By: Inquirer.com A fundraising initiative led by top business groups, the Philippine Disaster Resilience Foundation (PDRF) and Caritas Manila has pooled P1.62 billion in cash and in-kind donations for poor households in Metro Manila in the wake of the month-long...
Alliance Global Group, Inc. (AGI), the holding firm of tycoon Dr. Andrew L. Tan, is donating one-million liters of 70% disinfectant ethyl alcohol to help strengthen government’s efforts in fighting the spread of COVID-19. Around 850,000 liters of 96-percent ethyl...
By: Manila Bulletin Supermarkets, pharmacies, and other retail establishments selling basic necessities can now operate up to a maximum of 12 hours, government authorities announced. In a virtual presser, Cabinet Secretary Karlo Nograles said establishments catering to the basic needs of...
By: Inquirer.net The country’s consumer and retail industry is expected to be one of the hardest hit sectors caused by the month-long enhanced community quarantine (ECQ) in Luzon, industry intelligence company Fitch Solutions said. According to their research note, spending for...
By: CNN Philippines Tobys Sports donated snorkel masks to groups producing protective gears for frontliners and patients affected by COVID-19. The sports retailer provided 100 sets of snorkel masks to a group composed of medical professionals, manufacturers, and engineers. Another set of...
By: Business Mirror Cebu-based Metro Retail Stores Group Inc. reported that its income last year fell by a fifth to P776 million, from the previous year’s P965.37 million, mainly as a result of the Philippine Financial Reporting Standard 16, which...
By: Business World LVMH said revenue for the last quarter dropped 10% to 20%, compared with the same period last year, as its luxury brands temporarily closed stores and shoppers tightened their wallets due to the coronavirus pandemic. The French luxury-goods...
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