Business | ABS-CBN News

Dissecting Data: Philippine economy under Duterte

ABS-CBN News
Jul 19 04:51 PM

How did the country's economy perform under 3 years of President Rodrigo Duterte in terms of foreign direct investment, gross domestic product growth and employment? Read more »

Grab testing special service for families, pets

ABS-CBN News
Jul 19 04:33 PM

GrabFamily offers extra amenities such as a child seat for groups traveling with children, the ride-firm said in a blog post. Read more »

Bangko Sentral seen to cut rates further as inflation cools

ABS-CBN News
Jul 19 04:27 PM

The Bangko Sentral ng Pilipinas is expected to further cut interest rates. At least one economist sees recent inflation data prompting that move. Read more »

PH economy and the export sector

ABS-CBN News
Jul 19 04:21 PM

The Philippine government remains keen on maintaining its growth projection for the economy and that includes meeting targets for the export industry. Read more »

'Super consortium' files revised plan for NAIA rehab

Michelle Ong, ABS-CBN News
Jul 19 03:50 PM | Updated Jul 19 04:15 PM

Copies of the revised proposal for the Ninoy Aquino International Airport were forwarded to the Department of Transportation and the Manila International Airport Authority, NAIA consortium spokesperson Jimbo Reverente told ANC. Read more »

Hatchbacks allowed for ride-hailing platforms under new order

ABS-CBN News
Jul 19 01:18 PM | Updated Jul 19 05:16 PM

Transportation Secretary Arthur Tugade on Friday signed an order that would permanently allow the use of hatchback and sub-compact cars to operate under ride-hailing platforms Read more »

Cashback vs rewards credit cards: Which is right for you?

Moneymax
Jul 19 01:13 PM

You have to ensure that you’ll be making the right choice when deciding on cashback versus rewards credit cards.   Read more »

Inflation to ease further as food prices fall: Bangko Sentral

ABS-CBN News
Jul 19 01:03 PM

Inflation settled at 3 percent in the second quarter from 3.8 percent in the previous quarter as falling food prices offset price spikes in fuel, data from the BSP showed. Read more »

LIST: Canceled flights due to bad weather

ABS-CBN News
Jul 19 01:02 PM

Several flights were canceled Friday due to bad weather, the Manila International Aviation Authority said.  Read more »

Struggling Barneys considers options, including bankruptcy

Vanessa Friedman, Michael J. de la Merced and Sapna Maheshwari, The New York Times
Jul 19 12:36 PM

Shoppers thronged as much to imbibe the atmosphere of insider luxury as to buy the newest, most cutting-edge brands. Designers felt that if they made it onto Barney’s racks, they had been given a stamp of creative credibility that telegraphed to the world they had arrived. Read more »

Instagram expands test of hidden like counts to 6 more countries

Mariel Padilla, The New York Times
Jul 19 12:28 PM

Instagram users will still be able to see who liked someone else’s post or viewed their video, but there won’t be a tally Read more »

Asia stocks firm as Fed props up rate cut expectations

Shinichi Saoshiro, Reuters
Jul 19 12:20 PM

New York Fed President John Williams said on Thursday that policymakers could not wait for economic disaster to hit before adding stimulus, in a speech read as a strong argument in favor of quick monetary action. Read more »

Boeing sees billions more in MAX costs as grounding drags on

Agence France-Presse
Jul 19 07:34 AM

Boeing said that second-quarter earnings would be hit by $4.9 billion in one-time after-tax costs to compensate airlines for disruptions and plane delivery delays due to the MAX grounding. Read more »

BMW names new boss as it looks to speed up electric transition

Agence France-Presse
Jul 19 07:28 AM

BMW said Thursday that its production chief Oliver Zipse will replace Harald Krueger as chief executive in August, as the German auto giant looks to accelerate its transition to electric cars. Read more »

Fed: Sunny outlook for US despite shade thrown by trade

Howard Schneider and Jason Lange, Reuters
Jul 19 07:15 AM

The document in summary portrayed an economy that was largely in good shape ahead of a July 30-31 Fed meeting at which the central bank is widely expected to reduce interest rates. Read more »