Business | ABS-CBN News

Pork vendors bibigyan ng freezer ng DA para sa imported meat; ilan may agam-agam

ABS-CBN News
Apr 10 09:58 PM

Mamimigay ng mga libreng chest freezer ang Department of Agriculture sa mga tindero ng baboy para makapagbenta na rin sila ng frozen na imported na karne.  Read more »

Gasolina, kerosene may nagbabadyang rollback sa presyo

ABS-CBN News
Apr 10 05:06 PM

May kakarampot na rollback sa presyo ng gasolina at kerosene sa Martes, ayon sa mga taga-industriya ng petrolyo. Read more »

Hotel owners peg lost revenues at 80 to 90 pct due to pandemic

ABS-CBN News
Apr 10 03:13 PM

MANILA - Philippine hotels have lost some 80 to 90 percent of income as the coronavirus disease (COVID-19) pandemic continues to affect the tourism industry, according to a group of hotel owners.  Read more »

'Resounding yes!' says Manny Pangilinan on reopening economy amid pandemic

ABS-CBN News
Apr 10 12:13 PM | Updated Apr 10 10:57 PM

MANILA - Businessman Manny Pangilinan on Saturday said he was all for reopening the economy just as Metro Manila and nearby provinces Laguna, Cavite, Rizal and Bulacan remained under the strictest quarantine level amid a surge in COVID-19 cases.   Read more »

China fines Alibaba $2.78 billion for market abuses: state media

Agence France-Presse
Apr 10 10:36 AM | Updated Apr 10 01:01 PM

Chinese regulators have hit e-commerce giant Alibaba with a massive 18.2 billion yuan ($2.78 billion) fine over practices deemed to be an abuse of the company's dominant market position, state-run media reported on Saturday. Read more »

Business Mentor: Conquer self doubt and manage your business better

Armando Bartolome
Apr 10 09:21 AM

You need to identify the source of your self-doubt so that you can start enjoying your life.  Read more »

Chemical products, wood and rattan production among few gainers in February 2021 net sales index: PSA

ABS-CBN News
Apr 09 09:27 PM

Several manufacturing divisions posted positive gains in terms of volume and value of production index and volumes and value of net sales index for the month of February while the rest suffered in decline, the country’s statistics bureau said Friday.  Read more »

Last-minute market shopping

George Calvelo, ABS-CBN News
Apr 09 08:59 PM

Residents rush to a public market in Novaliches, Quezon City on Friday to buy food and supplies before the start of curfew hours imposed in Metro Manila and surrounding provinces as part of efforts against the spread of COVID-19 which has put a strain on economic activities Read more »

DA itinangging 'pinapatay' nila ang hog industry dahil sa importation

ABS-CBN News
Apr 09 06:17 PM

Sabi ng DA, paraan ang mga import para mapababa ang presyo ng baboy sa merkado at matulungan ang mga konsumer.  Read more »

China says to take necessary measures to uphold rights of Chinese companies

Reuters
Apr 09 04:22 PM

China said on Friday it would take necessary measures to uphold the rights and interests of Chinese companies, after the United States added Chinese supercomputing entities to an economic blacklist. Read more »

Cebu Pacific transports more 'life-saving' COVID-19 vaccines across PH

ABS-CBN News
Apr 09 03:15 PM

Cebu Pacific said Friday it has been transporting more COVID-19 vaccines across different destinations in the country to assist in the government's distribution vaccination program. Read more »

Business confidence for first half of Q1, rest of year improves: BSP survey

ABS-CBN News
Apr 09 11:15 AM

Sentiments of business owners improved for the first half of the first quarter of 2021 and the next 12 months which indicates "greater optimism," the Bangko Sentral ng Pilipinas said Thursday. Read more »

Fortnite maker and Apple duel in filings as App Store trial nears

Agence France-Presse
Apr 09 08:24 AM

Epic Games and Apple dueled on Thursday in legal filings ahead of a trial over whether to break the iPhone maker's tight grip on the App Store. Read more »

Nike ends lawsuit over Lil Nas X 'Satan Shoes,' which will be recalled

Jonathan Stempel, Reuters
Apr 09 07:29 AM

Satan Shoes are customized versions of the Nike Air Max 97 sneakers, with midsoles purporting to contain a drop of human blood. Read more »

IMF warns more funding needed to safeguard global economy

Heather Scott, Agence France-Presse
Apr 09 03:08 AM

US Treasury Secretary Janet Yellen pushed for "significant" new spending to ensure a solid rebound from the damage inflicted by the COVID-19 pandemic. Read more »

PH shares snap 3-day winning streak on profit taking

ABS-CBN News
Apr 08 10:39 PM

The three-day rally of the local market loses steam due to profit-taking. Read more »

Myanmar crisis sounds death knell for garment industry, jobs and hope

Chen Lin and John Geddie, Reuters
Apr 08 09:02 PM

Two years after opening his garment factory in Myanmar, Li Dongliang is on the verge of closing down and laying off his 800 remaining workers. Read more »

Local hog raisers nangangamba sa mababang taripa sa imported pork

ABS-CBN News
Apr 08 08:58 PM

Umaaray ang local hog raisers dahil inaprubahan ang pagbaba ng taripa sa imported pork na tatagal nang isang taon.   Read more »

BSP says 'too early to tell' if lockdown impacts business sentiment

Bruce Rodriguez, ABS-CBN News
Apr 08 08:11 PM | Updated Apr 09 10:39 AM

The Bangko Sentral ng Pilipinas said Thursday it's still too early to tell whether the reimposed lockdown over Metro Manila and nearby provinces will drag down sentiment. Read more »

Uniqlo operator keeps eye on cotton supply amid Xinjiang controversy

Kyodo News
Apr 08 07:31 PM

Fast Retailing Co. Chairman and CEO Tadashi Yanai said Thursday his company is keeping an eye on its cotton supply chain to ensure none of its products are made with forced labor in Xinjiang. Read more »

New fees to push banks to set up more ATMs in provinces: BSP

Bruce Rodriguez, ABS-CBN News
Apr 08 06:14 PM

The Bangko Sentral ng Pilipinas (BSP) said the new fee system for ATM services can help push banks to install more units in the provinces. Read more »

Bangko Sentral keeps cap on credit card interest rate, monthly add-ons

ABS-CBN News
Apr 08 05:27 PM

The maximum credit card interest rate or finance charges on unpaid outstanding balance were kept at 2 percent per month or 24 percent per year. Read more »

Twitter launches 'Milk Tea Alliance' emoji as movement grows

Patpicha Tanakasempipat, Reuters
Apr 08 05:11 PM

Social media giant Twitter on Thursday launched an emoji for the Milk Tea Alliance, a global online pro-democracy movement that has united anti-Beijing campaigners in Hong Kong and Taiwan with protesters in Thailand, Myanmar and beyond. Read more »

What happens in an economic crisis? PH risks losing gains due to COVID-19 pandemic

Jessica Fenol, ABS-CBN News
Apr 08 04:56 PM

A deeper economic crisis can have a longer effect on an economy and could reverse gains in the past years, an economist said Thursday citing data from crisis that occurred in the past 2 decades. Read more »

Transport regulator allows 4,000 buses, jeepneys to operate in Metro Manila

ABS-CBN News
Apr 08 03:20 PM

Some 4,000 buses and jeepneys will be allowed to ply the streets of Metro Manila next week, the Land Transportation Franchising and Regulatory Board said Thursday. Read more »