Business | ABS-CBN News

Ka Leody bats for 6-hour workday in PH

Josiah Antonio, ABS-CBN News
Jan 21 08:24 PM

Partido Lakas ng Masa presidential aspirant Leody De Guzman said Friday he wants to have a 6-hour workday for employees to produce more jobs. Read more »

Robredo seeks review of energy service contracts

Adrian Ayalin, ABS-CBN News
Jan 21 06:25 PM

Robredo said her administration will provide support to companies to fast-track the development of more oil fields. Read more »

DBM releases additional P1.185B for SRA of healthcare workers

ABS-CBN News
Jan 21 05:17 PM

The Department of Budget and Management on Friday said it has released an additional P1.185 billion for the special risk allowance (SRA) of health workers during the COVID-19 pandemic. Read more »

More regulations needed to curb 'money mule' scheme, other cyber crimes: experts

Warren De Guzman, ABS-CBN News
Jan 21 04:57 PM

More regulations are needed to lessen, if not eliminate, cyber crimes, including the recent spike in money-mule schemes. Read more »

GCash says working with authorities to apprehend fraudsters

ABS-CBN News
Jan 21 04:16 PM

E-wallet operator GCash on Friday said it is committed to keep its platform secure after it assisted authorities in arresting fraudsters victimizing its customers. Read more »

NBI nabs 5 people linked to BDO hacking incidents

ABS-CBN News
Jan 21 02:13 PM

At least 5 people, including two Nigerians, have been arrested for their alleged involvement in the massive BDO hacking incidents, the National Bureau of Investigation said Friday. Read more »

DOF approves donation of confiscated diesel for Coast Guard use

ABS-CBN News
Jan 21 12:37 PM | Updated Jan 21 01:03 PM

Finance Secretary Carlos Dominguez has approved the donation of confiscated fuel by the Bureau of Customs to the Philippine Coast Guard, the department said Friday. Read more »

Globe launches eco-SIM made of recycled refrigerator waste

ABS-CBN News
Jan 21 11:20 AM

Globe Telecom on Friday said it launched the first-ever eco-SIM cards in Asia made of recycled refrigerator waste. Read more »

Creative Zone Dubai urges Filipino businesses to set up shop in Middle East

ABS-CBN News
Jan 21 11:16 AM

Dubai-based business growth specialist Creative Zone Dubai on Friday urged Filipino entrepreneurs to set up shop in the Middle East. Read more »

PAL says domestic, international flights continue

ABS-CBN News
Jan 21 11:10 AM

Philippine Airlines on Friday assured passengers it continues to operate both local and international flights to serve the demand. Read more »

Alphabet's Verily signs L'Oreal in multi-year skin deal as losses grow

Paresh Dave, Reuters
Jan 21 09:15 AM

Alphabet Inc's health tech arm Verily on Thursday announced its newest tie-up in its search for sustainable revenue, saying it would study skin health and explore new products with cosmetics maker L'Oreal SA. Read more »

Gloomy Netflix forecast erases much of stock's pandemic gains

Lisa Richwine, Reuters
Jan 21 08:48 AM

Netflix Inc dashed hopes for a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares sinking nearly 20 percent and wiping away most of its remaining pandemic-fueled gains from 2020. Read more »

PSEi posts loss for 2nd straight day

ABS-CBN News
Jan 20 10:55 PM

The PSE index sits out of an Asia-wide rally as it posts slight losses for a second straight day. Read more »

ADB concerned with pandemic’s effects on PH employment

George Calvelo, ABS-CBN News
Jan 20 09:25 PM

A homeless man sits beside a creek along Recto St. in Divisoria market in Manila on Thursday as pedestrians pass by Read more »

Palace adviser seeks looser int'l travel protocols

ABS-CBN News
Jan 20 08:42 PM

Presidential Adviser for Entrepreneurship and Go Negosyo founder Joey Concepcion said this was needed to help the airline and travel industry. Read more »

Leveraged loan prices at highest in near 15 years

Yoruk Bahceli, Reuters
Jan 20 06:57 PM

Leveraged loans are often taken out by companies that have high levels of debt, usually with non-investment grade credit ratings. Read more »

DOLE says quarantine leaves only urged, not mandated

ABS-CBN News
Jan 20 05:42 PM

The Labor Department clarified that it is merely appealing and not mandating employers to give paid leaves to workers who need to undergo quarantine. Read more »

Some Generika, Healthway branches to open as vax sites

ABS-CBN News
Jan 20 04:35 PM

Ayala Group's health arms said some Generika and Healthway branches will become COVID-19 vaccination sites this week. Read more »

NGCP nagbabala ng Luzon brownout sa tag-init

ABS-CBN News
Jan 20 03:26 PM | Updated Jan 20 07:44 PM

Nagbabala ang National Grid Corporation of the Philippines na posibleng magka-brownout sa Luzon sa tag-init, kasama ang araw ng eleksiyon. Read more »

BAP urges due diligence on concerns over money mules

ABS-CBN News
Jan 20 02:30 PM

The Bankers Association of the Philippines on Thursday said the public should exercise due diligence to avoid becoming a "money mule." Read more »

Robredo gets backing of several economists

Adrian Ayalin, ABS-CBN News
Jan 20 02:21 PM | Updated Jan 20 07:15 PM

At least 4 leading economists gave their seal of approval to Vice President Leni Robredo's plan to boost the economy. Read more »

China cuts lending rates, boosting property firms

Agence France-Presse
Jan 20 01:47 PM

China further reduced bank lending costs Thursday in the latest move to boost its stuttering economy. Read more »

PH lags in returning to pre-pandemic growth: ADB study

Warren de Guzman, ABS-CBN News
Jan 20 01:23 PM | Updated Jan 20 04:13 PM

The Philippines is lagging behind in the race to bring growth back to pre-pandemic speed, according to the preliminary results of ADB's study. Read more »

URC installs solar panels as part of sustainability push

ABS-CBN News
Jan 20 01:14 PM

Universal Robina Corp said on Thursday it has been installing solar panels in its facilities here and abroad as part of its sustainability push. Read more »

Rustan's says agile as COVID drives shift in consumer behavior

ABS-CBN News
Jan 20 12:24 PM | Updated Jan 20 12:40 PM

Luxury retailer Rustan Commercial Corp is adopting to the pandemic-driven change in consumer behavior while trying to maintain current prices. Read more »