News

World stocks, oil touch 2019 highs; sterling wobbles

Rodrigo Campos, Reuters
Mar 20 08:12 AM

Bets that the Federal Reserve will this week reinforce the market view that the US monetary policy tightening cycle is in the rear-view mirror have kept alive the bid on stocks, while the dollar index touched its lowest since March 1. Read more »

Google to prompt Android users to choose preferred browsers

Foo Yun Chee, Reuters
Mar 20 08:04 AM

Alphabet's Google will prompt Android users to choose their preferred browsers and search apps, a senior Google executive said on Tuesday, as the company seeks to allay EU antitrust concerns and ward off fresh sanctions. Read more »

Facebook settles with rights groups on ad discrimination

Agence France-Presse
Mar 20 07:13 AM

Facebook unveiled major changes to how it uses targeted advertising on Tuesday, settling a legal challenge alleging it discriminated in messages on jobs, housing, credit and other services. Read more »

Google unveils game streaming platform called Stadia

Agence France-Presse
Mar 20 02:16 AM

SAN FRANCISCO - Google on Tuesday unveiled a streaming platform called Stadia that allows video game play on any internet-connected device, eliminating the need for games consoles.   Read more »

Manila Water customers demand for zero charges amid shortage crisis

ABS-CBN News
Mar 20 12:26 AM

An official from the government's water regulatory body wants Manila Water to hold off this month's billing for customers affected by the water shortage. Read more »

Strong economy, offshore gaming demand seen boosting property sales

ABS-CBN News
Mar 20 12:21 AM

There's plenty of growth in the Philippines' property sector.  Read more »

Strong economy, offshore gaming demand seen boosting property sales

ABS-CBN News
Mar 19 11:44 PM

There's plenty of growth in the Philippines' property sector.  Read more »

PH peso drops to weakest level in more than 3 months

ABS-CBN News
Mar 19 11:41 PM

Philippine exporters are calling for more government support, as a weak peso is doing little to boost the industry. Read more »

PH shares close flat as investors brace for 'super Thursday'

ABS-CBN News
Mar 19 11:35 PM

The Philippine Stock Exchange index closed flat on thin trade as investors await "super Thursday," where central banks, including the Philippines', might make key policy decisions. Read more »

Malls announce operating schedules for Holy Week 2019

ABS-CBN News
Mar 19 10:14 PM

Malls in the metro and nearby areas have announced operating schedules for Holy Week 2019.  Read more »

PH posts $467-M balance of payments surplus in February

ABS-CBN News
Mar 19 09:28 PM

The Philippines booked a balance of payments (BOP) surplus of $467 million in February, a reversal of the $429 million deficit posted in the same month last year, the Bangko Sentral ng Pilipinas said Tuesday.  Read more »

Instagram adds new feature to let US users shop via app

Reuters
Mar 19 08:38 PM

The move is in line with Facebook’s plan to monetize higher-growth units like Instagram as News Feed struggles to generate fresh interest. Read more »

LTFRB rejects Go-Jek appeal to operate ride-hailing service

Reuters
Mar 19 08:32 PM

Go-Jek, whose backers include Alphabet Inc’s Google and Tencent Holdings Ltd, had hoped to take on Singapore-based Grab which is the dominant player in the Philippines ride-hailing sector. Read more »

Manila Water di muna dapat maningil sa Marso: MWSS chief

ABS-CBN News
Mar 19 08:16 PM

Pabor ang pinuno ng Metropolitan Waterworks and Sewerage System na huwag munang pagbayarin ng March bill ang mga kostumer ng Manila Water. Read more »

Germany launches 5G auction amid row with US over Huawei

ABS-CBN News
Mar 19 07:37 PM | Updated Mar 19 08:09 PM

Germany launches its auction Tuesday for the construction of an ultra-fast 5G mobile network as a transatlantic dispute rages over security concerns surrounding giant Chinese telecoms equipment maker Huawei. Read more »

MWSS insists China-funded Kaliwa Dam better than Japanese proposal

Kristine Sabillo, ABS-CBN News
Mar 19 06:32 PM

The Metropolitan Waterworks and Sewerage System (MWSS) on Tuesday defended the government’s decision to have the controversial Kaliwa Dam constructed by Chinese contractors. Read more »

Majority of consumers now have 'longer hours' of water availability: Manila Water

ABS-CBN News
Mar 19 05:28 PM

Barangays San Isidro, San Jose, San Luis and San Roque in Antipolo and barangays Bambang and Wawa in Taguig are also getting an additional 7 hours of water supply daily, Manila Water said in an advisory. Read more »

Why workplace equality makes business sense

Jessica Fenol, ABS-CBN News
Mar 19 03:53 PM

Filipinos are more likely to innovate when working in "most equal" cultures, according to Accenture's online poll of 18,000 professionals in October 2018. Read more »

India's richest man helps tycoon brother avoid jail

Peter Hutchison, Agence France-Presse
Mar 19 03:03 PM

The epic feud between India's Ambani brothers has taken a new twist with the older and now vastly richer brother paying a debt owned by his struggling sibling, helping him avoid jail. Read more »

Germany launches 5G auction amid row with US over Huawei

Ryland James, Agence France-Presse
Mar 19 03:01 PM

Germany launches its auction Tuesday for the construction of an ultra-fast 5G mobile network as a transatlantic dispute rages over security concerns surrounding giant Chinese telecoms equipment maker Huawei.   Read more »

MRT sets 7-day shutdown during Holy Week

ABS-CBN News
Mar 19 02:02 PM

The Metro Rail Transit will be closed from April 15 to 21 for its annual maintenance during Holy Week, its management said Tuesday. Read more »

Bangko Sentral seen keeping rates steady under Diokno

Karen Lema, Reuters
Mar 19 01:26 PM

All 13 economists in the poll predicted the central bank would keep the interest rate on its overnight reverse repurchase policy steady at 4.75 percent at its meeting on Thursday, the first under its new governor, Benjamin Diokno. Read more »

Robinsons Retail 2018 net income rises on bump from tax reform

ABS-CBN News
Mar 19 10:07 AM

Net income attributable to shareholders rose 2 percent to P5.1 billion. Core net earnings, which excludes interest from bonds, equitized net earnings from Robinsons Bank and non-recurring expenses rose 6 percent to P5 billion. Read more »

Startup offers AI smarts to insurance firms

ABS-CBN News
Mar 19 09:47 AM | Updated Mar 19 09:59 AM

Saphron allows insurance providers to understand how clients use their products, which will enable them to adapt their strategy, including pricing.   Read more »

Century Properties rides on residential, office space growth

ABS-CBN News
Mar 19 09:28 AM | Updated Mar 19 03:24 PM

The company plans to build 33,000 homes in the next 5 years with projected revenues at P57 billion. Read more »