Business | ABS-CBN News

Foreign investors confident PH can weather negative impact of US-China trade war

ABS-CBN News
Nov 21 11:09 PM

The Bangko Sentral ng Pilipinas is ready to address disruptions in the global economy amid the dimming prospects for a trade deal between the US and China. Read more »

PH shares join regional gloom as US-China row over HK clouds trade deal outlook

ABS-CBN News
Nov 21 10:48 PM

Philippine shares get dragged into the global downsizing as the standoff between the US and China extend beyond trade. Read more »

Trump wants Apple to be involved in 5G infrastructure building in US

Reuters
Nov 21 10:17 PM

US President Donald Trump said on Thursday he had asked Apple Inc Chief Executive Officer Tim Cook to look into helping develop telecommunications infrastructure for 5G wireless networks in the United States. Read more »

'We tax them': Duterte explains why he allows tobacco, but bans vaping

Rose Carmelle Lacuata, ABS-CBN News
Nov 21 09:40 PM | Updated Nov 21 11:06 PM

MANILA (UPDATE) - President Rodrigo Duterte on Thursday explained why he allows the manufacture and importation of tobacco but is banning the importation of electronic cigarettes and vaping devices. Read more »

China says it will strive to reach 'phase one' trade deal with US

Stella Qiu and Ryan Woo, Reuters
Nov 21 07:37 PM

China will strive to reach an initial trade agreement with the United States as both sides keep communication channels open, the Chinese commerce ministry said on Thursday, in an attempt to allay fears talks might be unravelling. Read more »

PUV modernization to proceed, says Tugade

ABS-CBN News
Nov 21 06:51 PM

The modernization of PUVs will push through, contrary to what was earlier reported by some news organizations (not ABS-CBN), the DOTr said on Thursday.  Read more »

86 pct rice tariff needed for farmers to survive - advocacy group

ABS-CBN News
Nov 21 05:23 PM | Updated Nov 21 10:20 PM

The government needs to raise tariffs on imported rice to 86 percent from 35 percent to help Filipino farmers compete and ensure the survival of the local rice industry, an advocacy group said on Thursday.  Read more »

US-China trade war could spark real war: Kissinger

Agence France-Presse
Nov 21 04:57 PM

Former US Secretary of State Henry Kissinger warned Thursday that an armed conflict could break out between the United States and China if they fail to resolve their trade war. Read more »

Pag-angkat ng bigas tuloy pa rin, hihigpitan: Agri chief

ABS-CBN News
Nov 21 04:20 PM | Updated Nov 21 07:02 PM

Hindi sususpendehin ng Pilipinas ang pag-angkat nito ng bigas pero magpapatupad ang bansa ng mas mahigpit na proseso kaugnay ng pagpasok ng imported rice, ayon kay Agriculture Secretary William Dar. Read more »

World Bank chief tells China it needs 'vital' reforms

Agence France-Presse
Nov 21 04:06 PM

State-owned behemoths dominate lucrative sectors of China's economy -- including energy, aviation and telecommunications -- where access to private players is restricted.  Read more »

Tiu's Greenergy wants to build Manila tramway

ABS-CBN News
Nov 21 03:35 PM

The proposed tram will initially have 13 stations along Roxas Boulevard from the Port Area to Vito Cruz, Greenergy said in a Securities and Exchange Commission filing. Read more »

Philippines to continue rice imports with tighter rules

Reuters
Nov 21 02:51 PM

The Philippines will not suspend rice imports but will tighten food safety measures to control the entry of cheap grain that is hurting incomes of local farmers, the agriculture chief said on Thursday.  Read more »

Finance chief: SEA Games budget 'spent well, not wasted'

ABS-CBN News
Nov 21 12:51 PM | Updated Nov 21 01:07 PM

The New Clark City and its facilities were built “on time and within budget,” Dominguez said in a press briefing.    Read more »

Stop! Don’t charge your smartphone this way

Aimee Ortiz, The New York Times
Nov 21 11:49 AM

As the busy holiday season approaches, the Los Angeles County District Attorney’s Office is warning travelers about a USB charger scam, or “juice jacking.” Read more »

Google tightens political ads policy to thwart abuse

Glenn Chapman, Agence France-Presse
Nov 21 10:54 AM

Examples of banned ad material included ads or links to information making demonstrably false claims that could undermine voter trust or participation in elections. Read more »

Louis Vuitton group raises Tiffany bid to $16 billion: sources

Agence France-Presse
Nov 21 10:15 AM

LVMH, the owner of Louis Vuitton, Dior and Moet & Chandon increased its bid for the storied New York-based company to around $130 per share from $120 per share, the sources said. Read more »

LIST: Canceled flights due to bad weather, Nov. 21

ABS-CBN News
Nov 21 09:28 AM

Several Cebu Pacific flights were canceled Thursday due to bad weather, the Manila International Airport Authority said (MIAA). Read more »

Burger King kills off plastic toys from kids' meals in UK

David Yaffe-Bellany, The New York Times
Nov 21 09:14 AM

Faced with growing public concern over the proliferation of single-use plastic, Burger King has vowed to stop giving away plastic toys with children’s meals in Britain and has encouraged customers to deposit old toys in collection bins at the chain’s locations there. Read more »

What if porn had no pictures?

Marisa Meltzer, The New York Times
Nov 21 09:07 AM | Updated Nov 21 09:32 AM

Their goal is for Quinn to become the premier destination for nonvisual pornography, following in the footsteps of popular sites like Pornhub.com. Read more »

Huawei asks Canadian court to stay extradition process for CFO to US

Moira Warburton, Reuters
Nov 21 08:53 AM

Meng Wanzhou, 47, was arrested at the Vancouver International Airport on Dec. 1 at the request of the United States, where she is charged with bank fraud and accused of misleading the bank HSBC about Huawei Technologies' business in Iran. Read more »

Asian shares slide as Sino-US spat on Hong Kong clouds trade deal outlook

Hideyuki Sano, Reuters
Nov 21 08:44 AM

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.16 percent while Japan's Nikkei dropped 0.25 percent. Read more »

Google, Facebook business models threat to human rights: Amnesty

Agence France-Presse
Nov 21 08:38 AM

Amnesty International argued that offering people free online services and then using information about them to target money-making ads imperils a gamut of rights including freedom of opinion and expression. Read more »

New Pokemon games sell record-breaking 1.37 million copies in 3 days

Kyodo News
Nov 20 09:00 PM

Two new Pokemon video games sold around 1.37 million copies in Japan within the first three days of their release, a record for any title developed for Nintendo Co.'s Switch console, an estimate by a weekly game magazine showed Wednesday. Read more »

PSEi dips amid US-China trade tensions

ABS-CBN News
Nov 20 08:51 PM

Philippine shares fall alongside most Asian peers after US President Donald Trump's latest tariff threat against China.    Read more »

Alibaba eyes $12.9-B Hong Kong IPO after setting price

Agence France-Presse
Nov 20 07:14 PM

Asia's biggest company has called the listing a multi-billion-dollar vote of confidence in the city's markets as it is wracked by months of violent protests and the China-US trade war, which have sent its economy into recession. Read more »