Jumbo loans during pandemic
By: Martin Santiago, Broker-Associate WHAT’S a jumbo loan? A jumbo loan is any loan that exceeds the loan limits set by Fannie Mae and Freddie Mac. Fannie Mae and Freddie Mac are nicknames for the Federal…
Category: Business
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
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DTI foresees better movement of commercial vehicles, goods with opening of new NLEX Harbor Link Segment 10
MAKATI CITY — Department of Trade and Industry (DTI) Secretary Ramon M. Lopez congratulated the Department of Public Works and Highways (DPWH) in officially opening to motorists the C3-R10 section…
New York, New Jersey postpone indoor dining as COVID cases surge across the US
GOV. Phil Murphy stopped the supposed reopening of restaurants in the state this week for a few reasons, among them the violations in some restaurants that have opened for Phase…
Island Pacific now offering contactless payment technology for the community’s safety
Island Pacific Supermarket, with locations in California and Nevada, is the first Filipino supermarket chain to offer online shopping with same-day grocery delivery in the United States. As phases continue…
Johnson & Johnson removes skin whitening products from retail
Recent discussions over colorism and racism force companies to rethink skincare among communities of color THE global skincare conglomerate Johnson & Johnson has decided to discontinue two popular lines of…
Gyms, hotels, museums, campgrounds now allowed to reopen in LA County
NEARLY three months since the coronavirus upended daily life and forced strict measures to be enacted, Los Angeles County moved forward with the third phase of easing restrictions on Friday,…
Pechanga Resort Casino opens with limited operations
ON Monday, June 1 at 12 p.m., Pechanga Resort Casino, located just outside of Temecula, CA, reopened to the public. The West Coast’s largest casino/resort closed March 16 after a…
Filipino-owned bakery and restaurant Goldilocks now open at SFO’s Harvey Milk Terminal 1
SAN FRANCISCO – As businesses across America are forced to shut down due to the economic impact of the COVID-19 pandemic, Goldilocks Filipino Bakeshop and Restaurant opens its newest North…
Despite minor damages, Fil-Am restaurants stand in solidarity with protesters in LA County
EARLY morning on Tuesday, June 2, Mary Jane Rempola received a call from an employee that the front glass door of Bagnet in Panorama City had been shattered amidst the…
LA County prepares to reopen salons, restaurants as case numbers continue to rise
CALIFORNIA Governor Gavin Newsom on Friday, May 29 announced that Los Angeles County — one of the most concentrated hubs for COVID-19 in the country — can now reopen restaurants,…
Las Vegas casinos set to open next week with new guidelines
“The world has changed, and Vegas is changing with it.” That’s the new ad campaign slogan put together by the Las Vegas Convention and Visitors Authority (LVCVA), the organization behind…
Report: Asian Americans lead use of digital alternatives to traditional TV viewing
Asian Americans are the leading consumer segment in the United States in favor of digital devices and streaming platforms as alternatives to traditional television consumption, according to a new report…
Senators Marcos, Lacson urge PH to lure US businesses
TWO Philippine senators recently suggested that economic managers should direct American businesses leaving China to consider the country for their relocation plans. According to Senator Imee Marcos, recent news that…
PH airlines extend flight suspensions to May 31
The Philippines’ major airlines have all announced that their flights are canceled for the rest of May, in compliance with the government’s new quarantine guidelines. Budget airlines AirAsia Philippines and…
PH House committee OKs bill granting ABS-CBN provisional franchise until end of October
A PHILIPPINE House of Representatives committee on Wednesday, May 13 approved a bill granting the media giant ABS-CBN a provisional franchise until the end of October. The House of Representatives…
LA County’s stay-at-home order likely to be extended for another 3 months
AS Los Angeles County’s “safer at home” order is slated to expire this week, officials are now recommending that it be extended for another three months in a continued effort to…
Is it a buyer’s market again?
by: Martin Santiago A BUYER’S market refers to a situation in which supply exceeds demand. Driven by pandemic fears, shutdowns and job losses, U.S. home prices are expected to dip between 2…
8 Pinoys make Gold House 2020 list of 100 most impactful APIs
In its yearly roundup of the 100 most impactful Asian and Pacific Islanders (APIs), the nonprofit organization Gold House named eight Filipinos and Filipino Americans who have made significant contributions…
Philippine gov’t orders ABS-CBN shutdown
THE Philippines’ largest broadcast network stopped its operations on Tuesday, May 5 to comply with the National Telecommunications Commission (NTC)’s cease and desist order due to the expiration of its…
International flights into PH suspended until May 8
All international flights to and from the Philippines will remain suspended until May 8, following the approval of the Inter-Agency Task Force for the Management of Emerging Infectious Diseases. However,…
PAL to fly repatriation flights to Manila from LA, NY
PHILIPPINE Airlines will continue offering flights for Filipinos who need to be repatriated from the United States amid the coronavirus pandemic. The national carrier is scheduled to operate special flights…
Historic Filipina-owned Bay Area restaurant reopens for business
LOCATED along Bayshore Boulevard in Brisbane, California is a restaurant with a 162-year history that includes surviving the 1906 earthquake, the 1918 Spanish flu outbreak and the Great Depression in…
PNB waives remittance charges
THE Philippines’ fifth largest lender, Philippine National Bank (PSE: PNB), is waiving the remittance fees for various channels through May 8, 2020. The waiver applies to money transfers that will…
McDonald’s celebrates health care workers and first responders with free ‘thank you meals’
Frontline heroes can enjoy free meals at participating U.S. McDonald’s restaurants IN appreciation for the healthcare workers, police officers, firefighters and paramedics who are committed to our health and safety,…
Newsom details plan to lift statewide COVID-19 restrictions
California to work in conjunction with other states to reopen the West Coast CALIFORNIA Gov. Gavin Newsom this week unveiled a framework for reopening the state’s economy and society. Though…
Jollibee brings joy home with the launch of nationwide delivery via DoorDash
As the world navigates through a turbulent time, popular fast-food chain Jollibee wants to bring some joy to customers who are staying safe at home. With the brand’s dining rooms…
Filipino supermarket chain Island Pacific launches ‘stay home, stay safe’ campaign
Amid the coronavirus pandemic, Island Pacific has made the health and safety of its customers, employees, and community its top priority. Island Pacific Supermarket has launched its “Stay Home, Stay…
LA County launches new small business recovery loan program
In response to small businesses affected by COVID-19, the Los Angeles County Board of Supervisors has created the Small Business Recovery Loan Program, administered by the Los Angeles County Development…
Hospitality, entrepreneurial spirit and pan de sal: How small Fil-Am businesses are nourishing front-liners of the coronavirus pandemic
This current moment has been described as many things: a chance for self-reflection, a practice of selflessness, a collective meditative mental health reset. And, it is most certainly all those…
LA County’s stay-at-home order, business closures extended until May 15
Virus cases reach over 8K, with 500 Asians testing positive LOS ANGELES County officials on Friday, April 10 announced that the stay-at-home order will be extended until at least May…