Business

Facebook CEO says group will not become a media company

ROME - Facebook Inc. will not become a media company, its founder and CEO Mark Zuckerberg said on Monday, telling students the firm would remain a technology platform.

Bangko Sentral says has policy space to address growth risks

MANILA - The Philippine central bank has monetary policy headroom to address downside risks to growth, its governor said on Tuesday, even as he stressed the country's economic fundamentals remain sound.

In Asia, Obama faces trade pact test amid U.S. opposition

When President Barack Obama travels to Asia next week, he will try to reassure leaders in the region that he still has the clout to deliver U.S. approval for the sweeping Trans-Pacific Partnership, even though the two candidates vying to succeed him and a congressional leader have said the 12-nation trade deal should not move forward.

Pagcor restores higher license fees for mega-casinos

The state gaming regulator said higher license fees would be reimposed on four companies it had authorized to operate mega-casinos on a glittering Manila Bay strip to recover up to P7 billion in income.

Apple to show off new offerings on Sept. 7

Apple on Monday sent out invitations to a "special event" on September 7 in San Francisco, where it is expected to unveil a new iPhone model.

Asian markets mixed on Fed rate hike speculation

Asian markets struggled with the exception of Japan, following Federal Reserve Chief Janet Yellen's remarks over the weekend, leaving the door open for a rate hike this year.

BPI asks clients to update account info or risk losing access

(3rd UPDATE) The Bank of the Philippine Islands (BPI) is urging its clients to update their account information or risk losing access to its electronic services, including automated teller machines.

Gov’t doubles budget for social pension program

MANILA – Over one and a half million poor Filipino senior citizens will be included in the government’s pension program next year as the budget allocation for the project doubled from P8.7-billion this year to P18-billion in 2017.

Philippine tax reforms come with risks, Moody's says

Tax reforms proposed by the Duterte administration come with risks, said Christian de Guzman, vice president and senior sovereign credit officer at Moody's Investors Service on Monday.

Finance dept to submit 4 tax reform packages by Sept

MANILA - Four tax reform packages will be submitted to Congress next month, Finance Secretary Sonny Dominguez said.