Business | ABS-CBN News

Canada to ban Huawei and ZTE from 5G networks

Agence France-Presse
May 20 05:47 AM

Canada is to ban Chinese telecommunications giants Huawei and ZTE from its 5G wireless networks due to national security concerns. Read more »

Local bourse trading ends before BSP policy decision

ABS-CBN News
May 20 01:31 AM

Trading at the local bourse ended before the Philippine central bank handed down its latest policy decision. Read more »

ALAMIN: Mga rehiyong magkakaroon ng taas-sahod

ABS-CBN News
May 19 08:26 PM

Epektibo na sa Hunyo 4 ang bagong minimum na sahod sa Metro Manila. Read more »

India bans wheat export amid heatwave

Sajjad Hussain, AFP
May 19 06:31 PM

A worker loads a sack of wheat on a freight train at Chawa Pail railway station in Khanna, Punjab state on Thursday Read more »

BSP says higher GDP growth seen in Q2

Warren De Guzman, ABS-CBN News
May 19 06:02 PM

The Philippine economy in the second quarter could breach the higher-than-expected 8.3 percent expansion in the previous quarter, the BSP said. Read more »

BSP raises inflation forecast in 2022

ABS-CBN News
May 19 04:40 PM | Updated May 19 05:58 PM

The Bangko Sentral ng Pilipinas on Thursday raised its inflation outlook for the year due to persisting upward price pressures. Read more »

BSP hikes interest rate to 2.25 percent as inflation accelerates

ABS-CBN News
May 19 03:16 PM | Updated May 19 07:02 PM

The Bangko Sentral ng Pilipinas on Thursday raised its benchmark rate by 25 basis points to 2.25 percent amid quickening inflation. Read more »

Minimum earners in Ilocos, Cagayan, Caraga get wage hike

Job Manahan, ABS-CBN News
May 19 02:34 PM

The regional wage boards of Ilocos, Cagayan Valley, and Caraga have approved an increase in the salary of minimum earners there, the DOLE announced. Read more »

BIR urged to explain suspended Megaworld closure order

ABS-CBN News
May 19 01:56 PM

A lawmaker on Thursday said the Bureau of Internal Revenue should explain the suspended closure order for Megaworld Corp. Read more »

Tencent plunges 8 pct following poor results

Agence France-Presse
May 19 12:07 PM

Shares in Chinese internet giant Tencent fell more than 8 percent on Thursday morning after it reported lackluster results for the first quarter. Read more »

PLDT, Smart to test space-based cellular broadband

ABS-CBN News
May 19 11:29 AM | Updated May 19 11:36 AM

PLDT Inc said it would test a space-based cellular broadband technology along with its wireless unit Smart and US-based partner AST SpaceMobile. Read more »

Bloomberry to develop resort-casino in Ternate, Cavite

ABS-CBN News
May 19 10:46 AM

Bloomberry Resorts Corp on Thursday said its new subsidiary Solaire Entertainment Property Holdings Inc signed a deal with landowners to purchase properties in Paniman, Ternate, Cavite which it intends to develop into an integrated resort. Read more »

Australia posts 3.9 percent jobless rate, 48-year low ahead of election

Agence France-Presse
May 19 10:31 AM

Australia posted its lowest jobless rate in 48 years on Thursday, a potential boost to Prime Minister Scott Morrison two days ahead of tightly contested federal elections. Read more »

Toll hike sa Cavitex simula na sa Mayo 22

ABS-CBN News
May 19 08:45 AM

Ipatutupad na ang dagdag singil sa Manila–Cavite Expressway o Cavitex R-1 segment ngayong Linggo, Mayo 22. Read more »

Russia says economy grew 3.5 pct in Q1

Agence France-Presse
May 19 08:27 AM

Russia's state statistics agency said on Wednesday it expected economic growth to stand at 3.5 percent in the first quarter of this year. Read more »

NLEX may systems upgrade sa May 25-26

ABS-CBN News
May 19 07:24 AM

Nag-anunsyo ang Metro Pacific Tollways Corporation na magsasagawa sila ng systems upgrade sa NLEX sa May 25 at May 26. Read more »

World Bank to provide $12B more to address food crisis

Agence France-Presse
May 19 05:03 AM | Updated May 19 11:23 AM

Russia's invasion of Ukraine and international economic sanctions on Moscow have disrupted supplies of fertilizer and wheat. Read more »

Dagdag P33 sahod nakabase sa ‘poverty threshold’: NWPC

ABS-CBN News
May 19 03:10 AM

Hindi umano kakayanin ng mga kumpanya o mga maliliit na negosyo ang hinihiling na dagdag-sahod ng mga labor group. Read more »

PH shares rally for third day straight

ABS-CBN News
May 19 02:32 AM

The Philippine Stock Exchange Index stretched its winning streak to a third straight day. Read more »

Resorts World launches sustainability push

Jekki Pascual, ABS-CBN News
May 18 08:56 PM | Updated May 18 08:57 PM

The project covers all hotels in its complex namely Marriott, Sheraton, Holiday Inn Express, Hotel Okura and Hilton covering over 3,000 rooms in Pasay. Read more »

Dagdag sa minimum wage sa NCR, epektibo sa Hunyo 4

ABS-CBN News
May 18 08:12 PM | Updated May 18 10:13 PM

Epektibo na simula Hunyo 4 ang P33 dagdag sa minimum na sahod ng mga manggagawa sa National Capital Region, ayon sa DOLE. Read more »

BSP says difficult to keep rates low amid inflation

Warren de Guzman, ABS-CBN News
May 18 07:20 PM

A day before the BSP decides on whether to adjust or hold interest rates steady, the head of the central bank hinted that it was getting harder to keep rates low. Read more »

UK inflation jumps to 40-year peak

Roland Jackson, Agence France-Presse
May 18 05:22 PM

Britain's annual inflation rate surged to a 40-year high last month on rocketing energy costs, official data showed Wednesday. Read more »

BIR to inspect BPO compliance with on-site work order

ABS-CBN News
May 18 04:18 PM

The BIR has created a task force to inspect the compliance of BPOs with the order to return to on-site work, the Finance Department said Wednesday. Read more »

Can rice be lowered to P20 per kilo? Agri dept says yes but

Job Manahan, ABS-CBN News
May 18 03:34 PM

Agriculture Secretary William Dar said the NFA's budget should be increased to P30 billion from P7 billion annually to raise the rice buffer stock from 7 days to a month. Read more »