Jollibee Remains ‘Very Committed’ To China Expansion

Jollibee

Jollibee Foods Corp on Tuesday said that the company remained “very committed” to expand its stores in China, as it assessed the impact of 2019 novel coronavirus outbreak in China. Fourteen Jollibee stores in the province of Hubei, all under the brand Yonghe King, remain closed as the province was the epicenter of the 2019 … Read more

World Bank Calls For Global Effort To Combat 2019-nCoV Outbreak

WORLD BANK

The World Bank called for countries to “strengthen their health surveillance and response systems” in order to fight the 2019 novel coronavirus outbreak. In a statement, the institution said that the World Bank Group was considering mobilizing its financial and technical resources “quickly to support affected countries” as well as the institution was “closely coordinating … Read more

Enrique Razon Acquires 25 Percent Of Ayala’s Manila Water

Enrique Razon

Ayala Corp on Monday said that billionaire Enrique Razon bought 25% of Manila Water, bringing PHP 10.7 billion in fresh funding to the utility that has come under government inquiry. Ayala Corp said that it would retain a 38.6% stake in Manila Water, which supplies water to the Philippine capital’s east zone. Prime Metroline Holdings, … Read more

OPEC To Tackle Oil Price Fall After 2019-nCoV Epidemic

OPEC

The members of the Organization of the Petroleum Exporting Countries (OPEC) and Russia will organize a technical meeting this week to analyze oil price falls following the outbreak of a coronavirus epidemic, according to a source close to the cartel on Sunday. The source told AFP that the OPEC will assemble experts in a “joint … Read more

Shares Fall On 2019-nCoV Economic Concerns, Gold Gains

Shares

Global equity markets on Friday, January 31, posted their biggest weekly and monthly loss on shares from August 2019 to January 2020. This, as growing concerns about the economic impact of the 2019 novel coronavirus outbreak in China sapped risk appetite and raised the safe-haven Japanese yen and Swiss franc. Yields on US debt fell … Read more

Ginni Rometty To Step Down In April 2020 As 1st Female CEO At IBM

Ginni Rometty

IBM announced Thursday that Ginni Rometty will be leaving her position in April 2020. She was the first female CEO at IBM. According to data from Catalyst, Ginni Rometty was one of 29 female CEOs leading S&P 500 companies as of this month. In a statement, IBM said that Rometty “reinvented more than 50% of … Read more

Coronavirus In PH – DOH Traces People in Contact w/ Chinese Patient

Coronavirus in PH

DOH Performs Backtracking on Chinese Patient Who’s Positive for Coronavirus in PH CORONAVIRUS IN PH – The Department of Health (DOH) is tracing those people who were in contact with the Chinese patient that is positive for coronavirus in the Philippines. Yesterday, an alarming news that took the social media by storm crossed the surface. … Read more

Oil, Stocks Tumble On Fears Coronavirus To Hurt Economy Of China

Oil

Global equity markets on Thursday tumbled, beating oil prices and inverting a closely watched bond indicator as investors worried about China. The World Health Organization (WHO) declared a global emergency as the number of people who were infected by the 2019 novel coronavirus surpassed 8,100 people in 18 countries globally. According to Tedros Adhanom Ghebreyesus, … Read more