Working remotely causes strain on IT—and challenges work-from-home culture

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"Working remotely causes strain on IT—and challenges work-from-home culture"

Pangilinan says group’s staff told to work from home

BUSINESSMAN Manuel V. Pangilinan assured President Rodrigo R. Duterte that the companies he leads under the so-called MVP Group of Companies are helping their employees cope with the coronavirus disease 2019 (COVID-19) pandemic that has forced his government to declare a Luzon-wide lockdown. “Heeding the President’s call tonight for business — large or small — to rise to the challenge posed by Covid-19, the MVP Group is one with the President in coping with this…

"Pangilinan says group’s staff told to work from home"

Australia’s Afterpay settles with regulator for loans issued without license

AUSTRALIA’S buy-now-pay-later firm Afterpay Ltd. will refund late fees paid by customers in California for loans, which were deemed “illegal” by the US state’s financial regulator, the two sides said as part of a settlement. The company will pay A$1.5 million ($916,350), of which $905,000 will go to about 640,000 consumers in California who paid late fees and the rest will be administrative fees. The settlement is for loans issued before Afterpay had a California…

"Australia’s Afterpay settles with regulator for loans issued without license"

IRS defers 2020 tax payments by 90 days due to coronavirus

© 2019 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy (Your California Privacy Rights) | CCPA Do Not Sell My InformationFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.Quotes delayed at least 15…

"IRS defers 2020 tax payments by 90 days due to coronavirus"

Aboitiz group allocates P73B capex this year

ABOITIZ Equity Ventures, Inc. (AEV) is setting aside P73 billion in capital expenditures (capex) in 2020, with its power and infrastructure units getting the biggest share, the holding firm said on Tuesday. This year’s allocation is nearly 38% higher than the P53 billion spent in 2019, it added. “Learning from the challenges we have been experiencing in the past year, we will continue to adhere to global standards of operational excellence,” AEV President and Chief…

"Aboitiz group allocates P73B capex this year"

New York Federal Reserve sees light demand for extra $500B in overnight repo

WWW.NEWYORKFED.ORG NEW YORK — The New York Federal Reserve saw light demand for an additional $500 billion in support to overnight lending markets on Monday, even after a spike in the cost of overnight loans indicated that companies were still feeling funding strains. Primary dealers took only $19.40 billion of the loans on offer at the overnight repurchase agreement (repo) operation. The added support was meant to “ensure that the supply of reserves remain ample…

"New York Federal Reserve sees light demand for extra $500B in overnight repo"

Airlines bracing for long-term impact of COVID-19 on business

PHILSTAR/RUDY SANTOS By Arjay L. Balinbin, Reporter BUDGET carrier Cebu Pacific said the coronavirus disease 2019 (COVID-19) pandemic will continue to impact its operations in the coming months, even after the month-long enhanced community lockdown being imposed over the entire Luzon island. Cebu Pacific Corporate Communications Director Ma. Rosario L. Lagamon announced late Monday night that the low-cost airline was slashing “over 150” jobs as it foresees “less flights and reduced operations” in the coming…

"Airlines bracing for long-term impact of COVID-19 on business"

Some European lenders temporarily shut branches to limit spread of the virus

A COMPANY LOGO is pictured at the headquarters of Germany’s Commerzbank AG n Frankfurt, Germany. — REUTERS FRANKFURT/LONDON — Two of Germany’s largest banks have temporarily shut hundreds of branches, while Italian lenders have shortened opening hours as they grapple with staff shortages and the spread of coronavirus. Commerzbank said it will close several hundred of its roughly 1,000 branches in Germany, with the exact number yet to be determined, while HVB said it plans…

"Some European lenders temporarily shut branches to limit spread of the virus"

Online grocers struggle to meet the surge in demand

© 2019 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy (Your California Privacy Rights) | CCPA Do Not Sell My InformationFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.Quotes delayed at least 15…

"Online grocers struggle to meet the surge in demand"

More private companies heed call for support versus virus

PATRICK ROQUE By Denise A. Valdez, Reporter THE Philippines’ top companies are accepting the challenge of President Rodrigo R. Duterte to support the country in efforts to contain the coronavirus disease 2019 (COVID-19). In his speech Monday night, Mr. Duterte called on the private sector, specifically “industry players, business leaders, foundations and the like” to “combine our efforts in fighting COVID-19 as one nation.” He also mentioned that San Miguel Corp. had committed to provide…

"More private companies heed call for support versus virus"