Business | ABS-CBN News

Gov't stimulus spending sought as new lockdown seen further weakening economy

ABS-CBN News
Aug 04 11:36 PM

Marikina Rep. Stella Luz Quimbo said stimulus spending was needed as the economy stands to suffer more losses as Metro Manila reverts to MECQ.  Read more »

Globe says internet services restored after brief interruption

ABS-CBN News
Aug 04 10:59 PM | Updated Aug 05 12:20 AM

MANILA (UPDATE) - Globe Telecom said late Tuesday night it has restored its internet services following a brief interruption. Read more »

Globe: COVID-19 surge affecting customer support, as BPOs report infections

ABS-CBN News
Aug 04 09:01 PM

Globe said one of its service providers had to close down one of its sites after staff got infected with COVID-19.    Read more »

Mga taong pumupunta sa mga mall umunti

ABS-CBN News
Aug 04 07:40 PM

Lalong umunti ang mga taong pumapasok sa mga mall sa unang araw ng modified enhanced community quarantine sa Metro Manila at mga kalapit na probinsiya.   Read more »

San Miguel Brewery income down 62 percent in first half due to pandemic

ABS-CBN News
Aug 04 07:35 PM

San Miguel Brewery said its net income stood at P5 billion in the first half of the year.    Read more »

PH remittances seen to drop 20 percent as ADB study assumes 'worst-case scenario'

ABS-CBN News
Aug 04 05:58 PM

The Philippines may see remittances from overseas Filipinos drop 20.2 percent this year compared to 2018 levels because of the disruptions caused by the COVID-19 pandemic, according to a study by economists at the Asian Development Bank. Read more »

LIST: Updated list of banks, e-money issuers with waived PesoNet, InstaPay fees

ABS-CBN News
Aug 04 05:31 PM

The Bangko Sentral ng Pilipinas on Tuesday released the updated list of banks, financial institutions and e-money issuers that waived fees for PesoNet and InstaPay fund transfers. Read more »

MECQ extension? Palace says economy unable to stand another lockdown

Arianne Merez, ABS-CBN News
Aug 04 04:19 PM

The Philippine economy is unable to stand another strict lockdown, Malacañang said Tuesday as the capital region and nearby urban hubs transitioned to a stricter community quarantine for half a month. Read more »

PH video game developers ‘desperate’ to hire more as industry levels up despite virus

Bruce Rodriguez, ABS-CBN News
Aug 04 03:41 PM

The Game Developers Association of the Philippines (GDAP) said they need at least 2,000 more professionals as the videogame industry has surged worldwide.  Read more »

Richard Branson space-bound in early 2021 says Virgin Galactic

Agence France-Presse
Aug 04 03:23 PM

Richard Branson could shoot into space on his Virgin Galactic aircraft as its first passenger early next year, the company said, potentially blazing a path for commercial flights. Read more »

SSS approves P15.6-B in virus calamity assistance loans

ABS-CBN News
Aug 04 03:09 PM

The Department of Finance said Tuesday the Social Security System has so far approved P15.63 billion in COVID-19 calamity assistance loans as of July 28.    Read more »

Some PhilHealth execs allegedly pocketed P15B: former anti-fraud official

Katrina Domingo, ABS-CBN News
Aug 04 02:53 PM | Updated Aug 04 06:05 PM

Some Philippine Health Insurance Corp (PhilHealth) officials allegedly pocketed around P15 billion in funds through various rackets in the state-run health insurance firm, the agency's resigned anti-fraud official said Tuesday. Read more »

Shopee raises seller transaction fee to keep business 'sustainable'

Jessica Fenol, ABS-CBN News
Aug 04 01:17 PM

E-commerce platform Shopee said Tuesday it raised its transaction or handling fee charged on all successful transactions to keep the business "sustainable." Read more »

Pasig River Ferry limits service to frontliners, gov't employees during modified ECQ

ABS-CBN News
Aug 04 12:01 PM | Updated Aug 04 12:59 PM

The Pasig River Ferry system will limit its service to medical frontliners and government workers after Metro Manila reverted back to modified enhanced community quarantine, a transport agency said. Read more »

Employers group flags concern for workers' welfare during modified lockdown

ABS-CBN News
Aug 04 11:48 AM

Companies likely have contingency plans to survive another lockdown but the government should be able to assist workers who would jobs or income as restrictions tighten anew, a group of employers said Tuesday.  Read more »