COVID-19 has had a major financial impact on English soccer club Manchester United, forcing them to borrow £60 million to cover their losses, according to the club’s latest quarterly financial results between December and March. Estimates suggest that the club has lost over £100 million in income over the last year, representing a reduction of 19%. The biggest hit ...

THE COUNTRY’S trade-in-goods deficit widened in February as imports grew for the first time in 22 months and exports contracted albeit at a slower pace, the government’s statistical agency reported on Thursday. Merchandise imports rose by 2.7% to $7.60 billion in February following a 12.1% annual decline in January, preliminary data by the Philippine Statistics Authority showed. The import tally ...

THE CENTRAL BANK is not keen on “drastic” liquidity-infusing moves as the impact of the pandemic is better addressed by fiscal measures, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said. “Where we are right now is that we feel that our current monetary policy stance is still appropriate for the recovery. I don’t think there will be any ...

FILE PHOTO REUTERS THE COUNTRY’S factory output declined for a 12th straight month in February, and posted its steepest fall in five months, the government reported on Thursday. Preliminary results of the Philippine Statistics Authority’s (PSA) Monthly Integrated Survey of Selected Industries for February showed factory output, as measured by the Volume of Production Index (VoPI), plunged by 43.6% year ...

THE PHILIPPINES’ gross domestic product shrank by 9.6% in 2020. — PHILIPPINE STAR/MICHAEL VARCAS By Ana Olivia A. Tirona, Researcher THE PHILIPPINE ECONOMY performed worse than previously reported in 2020, as the coronavirus pandemic continues to dampen business activity, the Philippine Statistics Authority (PSA) reported on Thursday. Gross domestic product (GDP) — the value of all finished goods and services ...

Mall stores have seen lower sales as many consumers stay home amid the health crisis. PHILIPPINE FIRMS are more optimistic for the rest of the year, a central bank survey showed, but the surge in coronavirus infections and the reimposition of a strict lockdown in the capital region threatens to dampen sentiment. The overall business confidence index in the first ...

TYPICAL households in Metro Manila are set to see an increase of around P17 in their electricity bill this month as Manila Electric Co. (Meralco) announced a rise in the overall power rate due to higher spot market prices. In a press release on Thursday, Meralco said that its overall rate climbed by P0.0872 per kilowatt-hour (kWh) to P8.4067 per ...

AARON SORKIN has seen a lot over more than 30 years in Hollywood, but even he couldn’t have predicted how neatly a Vietnam War-era film would fit the political climate of 2020. The Trial of the Chicago 7, the second movie directed by the famed screenwriter, follows the Vietnam War protesters who were accused of inciting riots at the 1968 ...

BUDGET CARRIER Cebu Pacific said its customer refunds payable reached P1.43 billion last year due to a surge in refund requests amid a public health crisis. Cebu Air, Inc., the listed operator of the low-cost carrier, said in its annual report released on Thursday that it saw a “1,938.7% increase” in its refunds payable last year “due to a surge ...

Movie Review Soltero Directed by Pio de Castro III Currently available on KTX.PH I CONFESS to being biased against Pio de Castro III’s Soltero ever since I heard the premise. A Filipino film about loneliness? Filipinos are some of the most gregarious people in the world — the warmest, friendliest, most hospitable; the (darker side) fondest of gossip, of backbiting, of ...

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