News

Cash remittances rise the most in 17 months

ABS-CBN News
Jun 18 12:56 PM

Cash remittances, or those coursed through banks, totaled $2.3 billion, bringing the total in the first 4 months of the year to $9.4 billion, a 3.5-percent increase from January to April 2017. Read more »

Bounty Fresh moves closer to takeover of New Zealand's Tegel

ABS-CBN News
Jun 18 12:16 PM

If completed, it will mark the second largest outbound acquisition by a Filipino firm in 2 years. Read more »

ANALYSIS: A weak peso does not help exporters, OFW families

Jose Galang -- Your Business
Jun 18 11:18 AM

The favorite refrain is that a peso depreciation supposedly “boosts” Philippine exports because local products become more affordable to buyers paying with dollars abroad. Read more »

Wrong Reasons to Get a Credit Card

MoneyMax
Jun 18 11:16 AM

Before signing up for a credit card, check your motivations first. Read more »

4 ERC officials face fresh suspension: consumer group

ABS-CBN News
Jun 18 10:58 AM | Updated Jun 18 11:33 AM

A consumer group said Monday 4 Energy Regulatory Commission officials were suspended for 3 months over a complaint that it initiated. Read more »

Economic managers in Japan for investment roadshow

ABS-CBN News
Jun 18 10:34 AM

An economic briefing is scheduled in the Japanese capital on Monday. Filipino officials will also pitch the Philippines planned samurai or yen-denominated bonds, officials said. Read more »

Asian shares fall as China-US trade spat intensifies

Hideyuki Sano, Reuters
Jun 18 09:00 AM

Fears of a trade war added to pressure on oil prices, which extended Friday's big fall amid expectations of higher output from OPEC and Russia. Read more »

China's Huawei goes on offensive as exclusion from Australia 5G deal looms

Reuters
Jun 18 07:56 AM | Updated Jun 18 07:57 AM

Chinese telecommunications company Huawei Technologies Co Ltd has gone on the offensive against Australian claims it poses a security risk, issuing an open letter to the government saying that view was "ill-informed."  Read more »

DOLE looking into adaptability of 'work from home' scheme in PH

ABS-CBN News
Jun 17 10:24 PM

Labor and Employment Secretary Silvestre Bello said his department is studying if the "work from home" scheme would fit the current working conditions in the country. Read more »

'Red tape' makokontra ng RA 11032: DTI

ABS-CBN News
Jun 17 10:05 PM

Sa ilalim ng batas, binibigyan ng tatlong araw ang mga empleyado ng gobyerno para iproseso ang mga simpleng transaksiyon. Read more »

Like 'Star Trek': voice shopping seen as new frontier

Rob Lever, Agence France-Presse
Jun 17 01:05 PM

Voice shopping using smart speakers and smartphone apps is starting to gain traction among consumers, opening up a new "conversational commerce" channel and potentially disrupting the retail sector. Read more »

Russia, Saudi seek raised OPEC output of 1.5 million bpd

Agence France-Presse
Jun 17 07:49 AM

Russia and Saudi Arabia will ask OPEC to hike production by 1.5 million barrels a day in the third quarter of 2018, Russian Energy Minister Alexander Novak said on Saturday. Read more »

Billionaire fathers relinquish empires to sons, daughters

ABS-CBN News
Jun 17 07:11 AM | Updated Jun 17 02:58 PM

A new generation of tycoons have begun to take control of the Philippines' biggest businesses, as billionaires look to their children to lead their empires. Read more »

Oil price hike, nakaamba sa Martes

ABS-CBN News
Jun 16 09:01 PM

Pagkatapos ng dalawang magkasunod na rollback, magmamahal na ulit ang diesel, gasolina, at gaas sa susunod na linggo. Read more »

US-China trade war will affect PH if prolonged, analyst says

ABS-CBN News
Jun 16 07:28 PM

Economic adviser Francis Chua said Manila will feel the impact of prolonged trade tensions between the two superpowers since these are major importers. Read more »

Apple, Qualcomm battle over possible ban on some US iPhone imports

Stephen Nellis and Jan Wolfe, Reuters
Jun 16 10:10 AM

The staff of the US International Trade Commission on Friday recommended that a trade judge find that Apple Inc infringed at least one of Qualcomm Inc's patents, a move that could lead to blocking the import of some iPhones. Read more »

Business Mentor: Building an Identity for Your Business

Armando Bartolome
Jun 16 07:51 AM | Updated Jun 16 07:53 AM

Those new in business, particularly in retail and food businesses, usually come across challenges in establishing their identity. Read more »

Fuel subsidy para sa mga tsuper, ipapamahagi sa Hulyo

ABS-CBN News
Jun 16 03:58 AM

Sisimulan na sa susunod na buwan ang pamamahagi ng fuel subsidy sa jeepney operators bilang tulong sa pagtaas ng presyo ng petrolyo.  Read more »

More business opportunities seen for halal food industry

ABS-CBN News
Jun 15 11:55 PM

The trade department sees bright prospects for the Philippine halal industry.  Read more »

More foreign fund outflows seen ahead for PH stock market: analysts

ABS-CBN News
Jun 15 11:42 PM

Analysts see more foreign fund outflows from the Philippine stock market Read more »

Trump announces tariffs on $50-B in Chinese imports

Agence France-Presse
Jun 15 08:50 PM

Trump on Friday announced tariffs of 25 percent targeting $50 billion in Chinese imports from "industrially significant" technologies. Read more »

US interest rate policies pose risks to global, PH economy

ABS-CBN News
Jun 15 07:44 PM | Updated Jun 15 08:19 PM

The United States' interest rate policies are going to "make a big impact" to the global economy including the Philippines, an analyst said on Friday. Read more »

Japan OKs plan to welcome more foreign workers amid labor crunch

Kyodo News
Jun 15 06:38 PM

The plan is expected to open the country's doors to blue-collar laborers from abroad in contrast to the highly skilled workers it currently accepts. Read more »

Trump preps China tariff target list, Beijing ready to retaliate

Douglas Gillison, Agence France-Presse
Jun 15 06:27 PM

US President Donald Trump on Friday was due to unveil a final list of Chinese imports that would face punishing tariffs, fanning fears of a trade war as Beijing warned that it could swiftly strike back. Read more »

TRAIN 2 consultations ongoing, trade chief says

ABS-CBN News
Jun 15 04:49 PM

Incentives under the proposed regime will be performance-based, time-bound, focused and transparent, Trade Secretary Ramon Lopez said.   Read more »