Central bank Governor Benjamin Diokno says the proposed one-year moratorium on loan repayments could pose 'serious risks' to local banks and may cause funding woes if they are unable to collect monthly dues.

Huawei recently became the world's biggest smartphone maker, beating Samsung and Apple at their own game by offering consumers state of the art phones with amazing cameras at competitive prices.

The sharp drop in fuel prices pushes multinational firm Shell to shut down its refinery in Tabangao, Batangas for good, as its Philippine unit suffered a ₱1.2-billion loss in the second quarter amid the COVID-19 pandemic.