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
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
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
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
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
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