Business | ABS-CBN News

More gov’t funds to social programs with Maharlika fund: DBM

Job Manahan, ABS-CBN News
Jun 03 08:20 PM

Budget Undersecretary Joselito Basilio said the proposed sovereign fund would put “less fiscal pressures” on the national government since it would no longer fund big-ticket projects on its own. Read more »

Marcos issues EO amending PPP governing board

Job Manahan, ABS-CBN News
Jun 03 07:55 PM

The PPP governing board creates policies for all public-private partnership matters that includes the Project Development and Monitoring Fund. The Public-Private Partnership Center reports directly to the board. Read more »

Don't close Landbank accounts amid Maharlika fund fears: Treasury

Job Manahan, ABS-CBN News
Jun 03 05:51 PM

Some netizens said they might pull out their money from Landbank, fearing the financial institution will go belly-up if he Maharlika fund fails. Read more »

Group: Tap private sector in student skills development

ABS-CBN News
Jun 03 12:32 PM

A group pushed for the involvement of the private sector in the skills development of students to increase their employability. Read more »

Twitter safety exec quits after anti-trans video strife

ABS-CBN News
Jun 03 11:10 AM

Twitter's head of trust and safety confirmed she had quit the company, her departure coming after owner Elon Musk endorsed an anti-transgender video shared on the platform. Read more »

NWRB sees completion of some water projects by yearend

ABS-CBN News
Jun 03 10:37 AM

The National Water Resources Board said it expects some water projects seen to avert supply interruptions in the capital region completed by the end of the year. Read more »

Business Mentor: Signs that a franchise business needs realignment

Armando Bartolome
Jun 03 07:34 AM

It becomes necessary when the original franchise model no longer meets its goals. Read more »

PH shares join regional uptrend

ABS-CBN News
Jun 03 12:31 AM

Philippine shares joined the regional uptrend as investors cheered the passage of the US debt ceiling bill. Read more »

Senate minority warns Marcos Jr. on MIF bill

ABS-CBN News
Jun 03 12:28 AM

The Senate's minority leader asks President Ferdinand Marcos Jr to veto the bill that sets up the controversial Maharlika Investment Fund. Read more »

Concerns raised over Maharlika Investment Fund

Sherrie Ann Torres, ABS-CBN News
Jun 02 09:08 PM

Concerns have been raised about the Maharlika Investment Fund Act of 2023, with some planning to question its legality before the Supreme Court. Read more »

DTI: Lokal na agrikultura protektado sa epekto ng Asia-Pacific economic pact

ABS-CBN News
Jun 02 08:48 PM

Tiniyak ng Department of Trade and Industry na protektado ang sektor ng agrikultura sa bansa kasabay ng pagsisimula ng RCEP agreement. Read more »

NEDA eyes 'dashboard' on progress, speed of infra projects

Job Manahan, ABS-CBN News
Jun 02 07:14 PM

NEDA said the dashboard will help speed up the process as implementing agencies will need to explain to President Marcos why some projects are delayed. Read more »

NEDA board OKs TPLEX extension linking Ilocos to Manila

ABS-CBN News
Jun 02 05:02 PM

The P23.4 billion TPLEX Extension Project will connect the Ilocos Region to Central Luzon and Metro Manila, Balisacan said in a briefing. Read more »

African Swine Fever vaccine endorsed by Agri bureau

Jervis Manahan, ABS-CBN News
Jun 02 04:13 PM

The Bureau of Animal Industry has recommended to the Food and Drug Administration (FDA) the Vietnam-manufactured Avac against African Swine Fever. Read more »

Marcos backs use of 'Paleng-QR Ph Plus'

Job Manahan, ABS-CBN News
Jun 02 02:59 PM

The program aims to make QR code payments available in wet markets and public transport systems. Read more »

GCash says now accepted in UK, France, Germany, Italy

ABS-CBN News
Jun 02 02:45 PM

Filipinos traveling to the UK, France, Germany and Italy can now use GCash for cashless payments, the fintech firm said on Friday. Read more »

New Maharlika 'lesser evil but still embarrassing': economist

ABS-CBN News
Jun 02 01:25 PM

An economist on Friday echoed Senate Minority Leader Aquilino Pimentel III's sentiment on the bill creating the country's first sovereign wealth fund. Read more »

PH to host Forbes Asia Forum, CEO meet in 2024: Palace

Job Manahan, ABS-CBN News
Jun 02 01:22 PM

The Philippines will host the Forbes Asia Forum and the Forbes Global CEO Conference in late 2024 as the country aims to attract more investors, Malacañang said Read more »

System vs unwarranted import surge created as PH joins RCEP

Jessica Fenol, ABS-CBN News
Jun 02 11:54 AM | Updated Jun 02 01:28 PM

The DTI has developed a mechanism to protect local producers in cases of 'unwarranted import surge' as the country begins its membership in the RCEP. Read more »

Krungsri, MUFG to acquire Home Credit Philippines

ABS-CBN News
Jun 02 10:48 AM | Updated Jun 02 11:32 AM

Home Credit Philippines or HC Consumer Finance Philippines Inc said on Friday it was acquired by Thailand's Bank of Ayudhya PCL or Krungsri and Japan's Mitsubishi UFJ Financial Group for P24.4 billion. Read more »

DTI to ensure protection of local producers as RCEP takes effect: stakeholder

ABS-CBN News
Jun 02 10:19 AM

The Department of Trade and Industry as well as lawmakers have put in place safeguards to ensure that the country's membership in the Regional Comprehensive Economic Partnership (RCEP), which takes effect on June 2, will not be detrimental to local producers, a stakeholder said. Read more »

Marcos Jr. certifies proposed Internet Transaction Act as urgent

RG Cruz, ABS-CBN News
Jun 02 09:38 AM

President Ferdinand Marcos Jr has certified as urgent the proposed “Internet Transactions Act," according to a letter to lawmakers released on Friday. Read more »

Meta unveils new VR headset as Apple eyes market

Agence France-Presse
Jun 02 09:03 AM

Meta ramped up its Quest virtual reality headgear line, just days before Apple is expected to put its spin on the headset market. Read more »

Philippine shares close lower at 6,430

ABS-CBN News
Jun 01 10:53 PM

Philippine shares kicked off June in negative territory, despite the regional upswing caused by the passage of a bill to raise America’s debt ceiling. Read more »

First Gen unit, Prime Infra eye deal on gas facility

ABS-CBN News
Jun 01 07:52 PM | Updated Jun 01 08:49 PM

A unit of First Gen Corp and Prime Infrastructure Capital are looking to forge a deal on the use of a liquefied natural gas facility in Batangas City. Read more »