Business | ABS-CBN News

World Bank sees PH economy growing 5.8 percent in 2024

Andrea Taguines, ABS-CBN News
Dec 05 04:18 PM

The World Bank expects inflation in the Philippines to fall within the government’s 2 to 4 percent target next year. Read more »

Samgyeopsal mogul is new PCCI president

ABS-CBN News
Dec 05 04:13 PM

An owner of a chain of samgyeopsal restaurants is the new president of one of the country's largest business groups. Read more »

Globe says infra stable after magnitude 7.4 quake

ABS-CBN News
Dec 05 04:04 PM

Globe said its Mindanao facilities were not damaged by the magnitude 7.4 earthquake. Read more »

New funders eyed for rail projects after China exit

Willard Cheng, ABS-CBN News
Dec 05 03:58 PM | Updated Dec 05 03:59 PM

With no action from China by the end of October, the loan application for the Subic-Clark railway, Batan said, "was deemed withdrawn" as well. Read more »

Philippine debt hits P14.48 trillion in October

ABS-CBN News
Dec 05 01:31 PM

The Philippines’ sovereign debt increased by P212 billion and hit P14.48 trillion in October, the Bureau of Treasury said on Tuesday. Read more »

PLDT president Al Panlilio to retire by December 31

ABS-CBN News
Dec 05 11:06 AM | Updated Dec 05 01:44 PM

PLDT has accepted the retirement of its president and CEO Al Panlilio. Read more »

Inflation slows to 4.1 percent in November

ABS-CBN News
Dec 05 09:07 AM | Updated Dec 05 02:25 PM

Inflation eased to 4.1 percent in November, the state statistics bureau said on Tuesday. Read more »

Philippine shares up ahead of CPI release

ABS-CBN News
Dec 04 11:22 PM

Philippine shares opened the week on a high note in anticipation of a cooler inflation reading on Tuesday. Read more »

Gov't, private sector eye 'unified' approach to cyberattacks

Jekki Pascual, ABS-CBN News
Dec 04 09:02 PM

Representatives from the Government and the private sector said they are working together to create a unified approach to promote cybersecurity and guard against cyber threats. Read more »

DTI says no shortage of Noche Buena products

Jervis Manahan, ABS-CBN News
Dec 04 08:50 PM

The Department of Trade and Industry (DTI) on Monday assured the public of an ample supply of goods, particularly Noche Buena items, this coming holiday season. Read more »

AirAsia offers promo fares as low as P88

ABS-CBN News
Dec 04 08:14 PM | Updated Dec 04 08:40 PM

International destinations including Taipei, Osaka, Seoul, Tokyo and Bangkok are also on offer at large discounts. Read more »

Dagdag-singil sa tubig namumuro sa Enero

ABS-CBN News
Dec 04 07:58 PM

Namumuro ang dagdag singil sa tubig simula sa Enero ng susunod na taon. Read more »

ADB eyes $10 billion for PH climate finance

ABS-CBN News
Dec 04 07:25 PM

The Asian Development Bank (ADB) on Monday said it will program $10 billion, or around P550 billion in climate finance for the Philippines within the next 5 years. Read more »

PH bond market performed well in 2023: PDEx chief

ABS-CBN News
Dec 04 05:27 PM

PDEx CEO Antonino Nakpil said the Philippine bond market performed well this year despite some companies holding back fundraising. Read more »

MRT-3 fare hike likely by March or April: DOTr

Andrea Taguines, ABS-CBN News
Dec 04 04:46 PM

MRT-3 fares could be hiked by the end of March or the start of April next year, an official of the Department of Transportation (DOTr) said on Monday. Read more »

Spotify to cut staff by approximately 17 percent

Agence France-Presse
Dec 04 04:17 PM

Spotify has invested heavily since its launch to fuel growth with expansions into new markets and, in later years, exclusive content such as podcasts. Read more »

Cebu Pacific gives passengers more baggage allowance

ABS-CBN News
Dec 04 03:57 PM | Updated Dec 04 04:08 PM

Cebu Pacific on Monday said it is giving passengers more baggage allowance on its flights. Read more »

Globe says 400k sites linked to child porn, gambling blocked

ABS-CBN News
Dec 04 03:44 PM

Globe said it has blocked more than 400,000 websites containing child pornography, illegal gambling, and online piracy. Read more »

Before you lend money for the holidays, read this first

Aneth Ng-Lim
Dec 04 03:28 PM

If you find yourself at the receiving end of a request for a loan, it may be hard to say no, especially when they time the asking during your bonus payout Read more »

Megaworld, Suntrust to develop new township in Palawan

ABS-CBN News
Dec 04 12:51 PM

Megaworld is building a new township in Puerto Princesa, Palawan. Read more »

Gasoline, kerosene prices rise in first week of December

ABS-CBN News
Dec 04 11:18 AM | Updated Dec 04 05:00 PM

Some pump prices are rising ahead of Christmas. Read more »

BPI closes branches in parts of quake-hit Mindanao

ABS-CBN News
Dec 04 10:44 AM

Two BPI branches are closed after a magnitude 7.4 quake hit Mindanao on Saturday. Read more »

Tokyo stocks open lower as stronger yen weighs on exporters

Kyodo News
Dec 04 09:16 AM

Tokyo stocks opened down Monday, led by exporter selling on the stronger yen against the U.S. dollar amid prospects that the Federal Reserve is done raising interest rates. Read more »

Despite rising demand, arms sales hampered by production woes: study

Johannes Ledel, Agence France-Presse
Dec 04 08:41 AM

Even with the war in Ukraine fuelling demand, revenue for the world's top arms suppliers dipped in 2022. Read more »

Go Negosyo holds Balik-Bayan 2023 program

Victoria Tulad, ABS-CBN News
Dec 03 07:31 AM

The program “aims to provide business opportunities and investment matches to OFWS in order to encourage them towards entrepreneurship." Read more »