An extended travel ban imposed by the Philippines will have a “negative impact” on the economy, according to a Chinese Ambassador. The Chinese Ambassador on Tuesday said at the 5th Association for Philippine-China Understanding (APCU) forum in Ortigas, Pasig City, that an extended travel ban imposed by the Philippines will have a “negative impact” on … Read more
Auto China 2020 was rescheduled due to the COVID-19 outbreak. China rescheduled its annual auto show, which was one of the industry’s biggest international events, due to an outbreak of the 2019 novel coronavirus, now COVID-19. This, as the organizers of Auto China 2020 said in a statement that the said event was originally scheduled … Read more
Japan suffered its worst economic drop in five years, with a tax hike and a deadly typhoon. Japan already suffered its worst quarterly GDP contraction in more than five years — with an increase in tax and a deadly typhoon. According to an official data that was published on Monday, Japan’s gross domestic product (GDP) … Read more
China to destroy banknotes from sectors with COVID-19 cases, according to a branch of China’s central bank in Guangzhou. China might destroy all banknotes in order to ensure the safety of cash transactions, according to a branch of China’s central bank in Guangzhou. Caixin on Saturday reported that the officials at the branch of the … Read more
Starbucks, McDonald’s, and other fast-food companies in China went ‘contactless’ in order to fight COVID-19. Starbucks Corp, McDonald’s Corp, and other fast-food companies were ramping up “contactless” pickup and delivery services in order to keep their workers and customers safe. This, after the 2019 novel coronavirus, now COVID-19, has infected more than 68,500 people and … Read more
Amazon has withdrawn this month’s Mobile World Congress (MWC) due to the outbreak and “continued concerns about the new coronavirus.” In a statement, Amazon said that the company would back out from participating and exhibiting in this year’s MWC due to 2019 novel coronavirus. Amazon was the fourth company to back out of the annual … Read more
The Department of Transportation (DOTr) on Friday said that motorcycle taxi drivers who don’t belong to three platforms in the trial run will be apprehended. This, as the DOTr said in a statement that Angkas, JoyRide, and MoveIt were the only participants in the motor taxi pilot that will run until March 2020. Also, the … Read more
Billionaire Enrique Razon offered to buy the rest of Manila Water’s shares, seeking to consolidate his control, according to a stock exchange filing on Friday. This, as the government renegotiated its contract in order to supply water to the capital’s east zone. In a disclosure, Manila Water said that billionaire Enrique Razon’s Prime Metroline Holdings … Read more
ING Bank analyst on Friday said that a 2019 novel coronavirus posed a drag on the global economy, giving central banks — including the Philippines — room to cut interest rates. This, as the world commodity prices will remain “depressed” because of weak demand from China, according to ING Bank analyst Nicholas Antonio Mapa. He … Read more
Automotive manufacturers might be forced to suspend their production if Chinese auto parts suppliers cannot get back to work amid coronavirus crisis. This, as the threat from the 2019 novel coronavirus crisis closed in on the global auto industry. Fiat Chrysler Automobiles NV warned that a European plant might shut down within 2-4 weeks if … Read more
