National Statistician Dennis Mapa said transport costs rose by 2.3 percent in June, coming from a decline in May, as Metro Manila and most parts of the country saw relaxed quarantine rules. With limited options for commuting, tricycle fares surged by 26 percent while bicycle prices also rose by 7.5 percent during the month.
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June marked the shift of Metro Manila and most parts of the country to the more relaxed general community quarantine after months under lockdown meant to fend off further coronavirus infections. For Metro Manila alone, tricycle fares rose by nearly 44 percent from May.
Bicycles became a viable option for workers who needed to return to their jobs as public transportation remains limited. Meanwhile, Mapa said limiting tricycles to just one passenger at a time amid social distancing protocols likely pushed drivers to raise fares.
Masthead of the Ambitious
Monday, 6 July 2020
Friday, 19 June 2020
Volatility could also be heightened Friday by quadruple witching
This rebalancing, Silverblatt estimates, could force indexers to trade $48 billion before Friday’s close, which would be up from $29.5 billion in the fourth quarter of 2019 and up from $24.3 billion in the year-earlier period.
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Thursday, 18 June 2020
The BPI CARE Bonds highlight the Bank’s commitment to achieve positive social outcomes
In addition, BPI’s parent company, Ayala Corporation, launched the Ayala Enterprise Circle network, where MSMEs can have access to exclusive Ayala Group solutions and offerings, expert mentorship, online dialogues and master classes, and business-matching and co-marketing opportunities.
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The fixed coupon rate for the 10 year bond was placed at 2.500% and 3.450%
The bonds were priced at T+180 and T+195 with a re-offer yield of 2.566% and 3.495%.
With the issuance, the telco has returned to the bond market for the first time in 18 years to refinance debts maturing till next year and partially fund its capex.
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Asked what level of exposure investors should have to U.S. equities
The investment expert noted that monetary stimulus from the Federal Reserve, whose balance sheet has jumped from $4 trillion in March to $7.21 trillion last week, and efforts by the government to help average Americans has been a factor that has helped boost equity values amid this crisis.
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Monday, 1 June 2020
A new and troubling question is suddenly looming for Beijing
While the probability remains very low that China will be treated like Russia or Iran, and US President Donald Trump has not mentioned sanctions against Hong Kong or Chinese financial institutions, the risk of a financial war – including being cut off from the US dollar system – is no longer “unthinkable” for China.
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Tuesday, 26 May 2020
Some of the internet giant’s successes came from chance encounters in the office
Some of this approach is shared with companies like Facebook. However, it’s apparent that Google won’t embrace remote work as enthusiastically as Twitter, which will let most staff work from home indefinitely.
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Some of the internet giant’s successes came from “chance encounters in the office,” Pichai explained, and workers might not want to lose that human connection. Google is studying the effects of the sudden shift to working from home and aims for “more overall flexibility” that could include more remote work, but it’s not yet ready to abandon physical offices just yet.
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Some of the internet giant’s successes came from “chance encounters in the office,” Pichai explained, and workers might not want to lose that human connection. Google is studying the effects of the sudden shift to working from home and aims for “more overall flexibility” that could include more remote work, but it’s not yet ready to abandon physical offices just yet.
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