PH posts $1.27 balance of payments surplus in August: BSP

ABS-CBN News
Sep 19 07:16 PM

The Philippines posted a balance of payments (BOP) surplus of $1.27 billion in August 2018, the Bangko Sentral ng Pilipinas said Wednesday. Read more »

Facebook accused of discrimination with job ad targeting

Agence France-Presse
Sep 19 05:05 PM

The complaint alleges that job ads on Facebook targeted only male users Read more »

Boracay resort owner says water utilities in charge of sewage treatment

ABS-CBN News
Sep 19 04:58 PM

A Boracay resort owner said Wednesday that establishments on the island should not be obliged to put up their own sewage treatment plants (STP) because this is the job of water utility concessionaires.    Read more »

Asian firms' confidence sinks to near 3-year low on trade war fears: poll

Gayatri Suroyo, Reuters
Sep 19 03:40 PM

Representing the six-month outlook of 104 firms, the Thomson Reuters/INSEAD Asian Business Sentiment Index fell to 58 for the July-September quarter, its lowest since the fourth quarter of 2015, from 74 three months before. Read more »

ABS-CBN shuts 2 store websites temporarily, probes data breach reports

ABS-CBN News
Sep 19 03:26 PM | Updated Sep 19 06:06 PM

An investigation is underway, ABS-CBN said in a statement, adding 213 customers "may have been affected." The company said it would work closely with the National Privacy Commission. Read more »

4 Bad Spending Habits to Break Before Turning 30

MoneyMax.ph
Sep 19 02:56 PM

Filipino millennials spend more freely than older generations and are the least financially literate, according to a survey by Social Enterprise Development Partnerships Incorporated (SEDPI). Read more »

Press statement on ABS-CBN Store and UAAP store websites

ABS-CBN News
Sep 19 01:37 PM | Updated Sep 19 01:46 PM

ABS-CBN has temporarily taken down the ABS-CBN Store (store.abs-cbn.com) and the UAAP Store (uaapstore.com) websites today (19 Sep 2018) at 9:30 AM following a report of a data breach of its online shopping facility. Read more »

Philippines 'not fit' for open-pit mining: Gina Lopez

ABS-CBN News
Sep 19 01:15 PM

Open pit mining destroys forests that are supposed to protect the people from typhoons hit, Lopez said.  Read more »

'Virtual store' for gov't procurement set for nationwide rollout

ABS-CBN News
Sep 19 11:51 AM

Agencies using the Procurement Service-Philippine Government Electronic Procurement System or PS-PhilGEPS can use electronic wallets for payment, with deliveries within 3 days for agencies in Metro Manila, the DBM said in a statement. Read more »

Peso steady as gov't seen defending currency

ABS-CBN News
Sep 19 10:52 AM

Bangko Sentral ng Pilipinas Governor Nestor Espenilla's announcement that he would take a 2-week long medical leave starting Wednesday did not appear to affect the exchange rate. Read more »

Investors 'positive' on PH despite caution on inflation

ABS-CBN News
Sep 19 10:50 AM

Potential investors still regard Filipinos' English language capability, said ICC Venture Partners senior managing director William Valtos Jr.   Read more »

US consumers may bear brunt of Trump's tariffs

Delphine Touitou
Sep 19 10:18 AM

Shampoo and furniture. Vacuum cleaners, handbags and mobile phones. Half of everything Americans buy from China will by Monday be subject to 10 percent levies, rising to 25 percent about 3 months later. Read more »

Cryptocurrency exchanges at risk of manipulation: US report

Anna Irrera, Reuters
Sep 19 09:58 AM

The New York Attorney General found that online platforms where virtual currencies such as bitcoin can be bought and sold by individuals operate with lower safeguards than traditional financial markets, are vulnerable to market manipulation and put customer funds at risk. Read more »

Cebu Landmasters says IPO funds used in full

ABS-CBN News
Sep 19 09:49 AM

Cebu Landmasters is "committed to the fast turnaround strategy," said its president and CEO, Jose Soberano. Read more »

Global markets take trade war escalation in stride

Agence France-Presse
Sep 19 08:18 AM

European stocks only briefly turned lower after China retaliated to the latest US sanctions, while Wall Street stocks spent the entire day in the green, viewing the latest escalation of the US-China trade war as less consequential than feared. Read more »