Business | ABS-CBN News

Toyota CEO taps younger successor amid paradigm shift in industry

Kyodo News
Jan 29 10:16 AM

Koji Sato, 53, will become CEO in April while 66-year-old Akio Toyoda who has led the company since 2009 will become chairman, allowing him to devote more time to lobbying activities. Read more »

Anting-anting sellers find luck online

Rowegie Abanto, ABS-CBN News
Jan 29 08:50 AM | Updated Jan 29 08:54 AM

Anting-anting vendors are now on e-commerce sites. Can consumers file a complaint if the amulet doesn't work? Read more »

LPG may nakaambang taas-singil sa Pebrero

ABS-CBN News
Jan 28 05:06 PM

Dagdag-singil sa liquefied petroleum gas ang sasalubong sa mga konsyumer sa Pebrero. Read more »

Oil prices projected to increase anew on Jan. 31

ABS-CBN News
Jan 28 12:18 PM

Gasoline prices will take the biggest estimated increase at P1.30 to P1.50 per liter, while diesel prices will likely up by P0.85 to P1.15 per liter. Read more »

Presyo ng noodles posibleng tumaas dahil sa mahal na itlog

ABS-CBN News
Jan 28 10:48 AM

Posibleng tumaas ang presyo ng noodles dahil sa pagmahal ng presyo ng itlog sa merkado, ayon sa isang kinatawan ng noodle industry ngayong Sabado. Read more »

92 percent of ATMs nationwide are ‘polymer-ready’, says BSP

ABS-CBN News
Jan 28 10:44 AM

At least 92 percent of all automated teller machines (ATMs) in the country have been recalibrated to dispense P1,000 polymer banknotes, the BSP said. Read more »

Business Mentor: Franchisor-Franchisee Relationships

Armando Bartolome
Jan 28 08:00 AM

Franchising can be the best way to expand your business. Read more »

PSEi ends trading week in green

ABS-CBN News
Jan 28 02:45 AM

The Philippine Stock Exchange index ends the volatile trading week in the green. Read more »

'Bagong polisiya sa mga pier, posibleng magdulot ng taas-presyo'

ABS-CBN News
Jan 27 08:27 PM

Kung ipapatupad umano ang bagong container monitoring system, may dagdag na P35 bilyon sa import costs kada taon. Read more »

LTFRB warns commuters of 2 colorum ride-hailing apps

Lady Vicencio, ABS-CBN News
Jan 27 07:38 PM

The LTFRB flagged 2 ride-hailing apps without permits to operate. Read more »

Fraud claims wipe $45 bn off India's Adani Group stocks

Nivrita Ganguly, Agence France-Presse
Jan 27 07:08 PM

Shares in the business empire of Asia's richest man Gautam Adani nosedived Friday, extending this week's losses to $45 billion. Read more »

Japan's foreign worker population hits record 1.82 million

Kyodo News
Jan 27 04:59 PM

A record 1.82 million foreigners were working in Japan as of the end of October last year, government data showed Friday. Read more »

H&M earnings hit by Russia exit, soaring costs

Agence France-Presse
Jan 27 04:52 PM

H&M reported on Friday a big drop in profits in 2022, with an unexpected loss in the fourth quarter as the Swedish fashion retailer exited Russia and faced soaring production costs. Read more »

2024 budget to include implementation-ready proposals: DBM

ABS-CBN News
Jan 27 03:33 PM

The Department of Budget and Management said on Friday that the 2024 national budget would cover only implementation-ready programs of government agencies. Read more »

Marcos Jr: PH 'headed in right direction' after posting 7.6 pct growth rate

Job Manahan, ABS-CBN News
Jan 27 01:55 PM

Marcos said while they are happy about this, there are 'certain sectors of society and of the economy, [who] have yet to enjoy the benefits of that growth.' Read more »

Improving education to help narrow PH income inequality: economist

ABS-CBN News
Jan 27 12:27 PM

The government must focus on improving education to address the income inequality in the country, an economist said on Friday. Read more »

25 million SIMs registered as of Jan. 25: NTC

ABS-CBN News
Jan 27 12:10 PM | Updated Jan 27 02:48 PM

Some 25 million SIMs or 15.09 percent of the total active mobile numbers in the country have been registered as of Jan. 25, the NTC said on Friday. Read more »

PH's London economic briefing seen to stir interest, attract investments: envoy

ABS-CBN News
Jan 27 10:34 AM

The recent Philippine Economic Briefing held in London is seen to create more interest in the Philippines for UK-based investors, British Ambassador to the Philippines Laure Beaufils said on Friday. Read more »

ADB approves $500-M loan to support PH agri sector

ABS-CBN News
Jan 27 09:01 AM

The Asian Development Bank has approved a $500 million policy-based loan to help the Philippines expand opportunities in agriculture. Read more »

US growth slows in 2022 as downturn fears loom

Beiyi Seow, Agence France-Presse
Jan 27 08:26 AM

The US economy grew at a slower pace in 2022 but performed better than expected in the final months of last year, the Commerce Department said, as recession fears loomed. Read more »

Luxury giant LVMH sales, profit hit new highs

Agence France-Presse
Jan 27 08:21 AM

High-end jeweller Tiffany, which was bought by LVMH in 2021, saw a record year, it added without giving a breakdown of its sales. Read more »

Ukraine grain harvest set to fall further this year

Agence France-Presse
Jan 27 07:22 AM

Ukraine's harvest of grains and oilseeds will see further declines this year as Russia's invasion drags on, an industry official warned. Read more »

Court of Appeals junks San Miguel's plea vs ERC order

ABS-CBN News
Jan 26 10:10 PM

The ERC said the CA decided against SMEC's petition because it failed to prove its right to a restraining order. Read more »

PH shares fall despite PH's strong GDP data

ABS-CBN News
Jan 26 10:01 PM

The Philippines' strong economic growth in 2022 fails to prop up local shares. Read more »

PH economy grew 7.6 pct in 2022

ABS-CBN News
Jan 26 09:55 PM | Updated Jan 26 09:56 PM

The Philippine economy expanded at its fastest rate in over forty years in 2022 thanks to revenge spending. Read more »