Breaking Down Today’s Top Business News Headlines on 24 Oras
As the world becomes more interconnected with each passing day, it’s essential to stay up-to-date with the latest business news headlines. In the Philippines, 24 Oras is a trusted source of news and updates, covering everything from the latest business deals to the global economy’s current state.
In this article, we’ll be taking a closer look at some of the top business news headlines covered by 24 Oras and break down what they mean for businesses locally and internationally.
1. Philippine Stock Exchange index (PSEi) closes at 6,933.67, “worst start” to Q2 2021
As businesses recover from the impact of COVID-19, it’s critical to monitor trends and emerging market conditions. In particular, this headline highlights the concerns surrounding the Philippine Stock Exchange Index (PSEi) closing at 6,933.67. Experts suggest that this could be the “worst start” to Q2 2021, which is a cause for concern for businesses and investors.
2. Jobless Filipinos soar to a record-high of 8.7 million in April 2021
With the global pandemic impacting businesses worldwide, it’s no wonder that the number of jobless Filipinos has skyrocketed to a record-high of 8.7 million in April 2021. This headline highlights the need for businesses to get creative and restructure their operations to adapt to the current market conditions.
3. Shell Philippines files petition to close Tabangao Refinery
Oil and gas giant Shell Philippines recently filed a petition to close its Tabangao Refinery, citing a “difficult business environment.” This closure could have far-reaching implications for the industry and underscores the need for businesses to diversify and explore alternative revenue streams.
4. Metro Manila to ease travel restrictions, reopen businesses
As the pandemic slowly subsides, businesses are looking to bounce back and recover lost revenue. The recent announcement from the Philippine government to ease travel restrictions and reopen businesses is welcome news for many companies. However, it’s essential to approach the reopening process cautiously to avoid a potential resurgence of the virus.
5. Globe Telecom reveals plan to expand 5G coverage in Philippines
Lastly, Globe Telecom’s announcement to expand 5G coverage in the Philippines is a sign of progress and the potential for exponential growth. As businesses embrace digital transformation, this move could have a significant impact on the economy and offer new opportunities for companies operating in the tech sector.
In conclusion, the above headlines offer invaluable insights and information that businesses cannot afford to ignore. From the current status of the PSEi to rising unemployment and the potential closure of industries, it’s crucial to stay informed and track changes in the market closely. With the right strategies and approach, businesses can navigate these challenging times and emerge stronger and more resilient than ever before.
