News

How Generika Drugstore convinced Filipinos to buy generic medicines

Cathy Yang, ABS-CBN News
Sep 21 03:30 PM

It was "a big challenge" promoting generic products at first due to the smuggling of low quality products. Read more »

Generika Drugstore eyes more outlets amid price pressures

Cathy Yang, ABS-CBN News
Sep 21 02:06 PM

The drugstore made "small adjustments" to its pricing early this year but Ferrer vowed to "absorb" changes as much as they can to keep prices low. Read more »

'Final, official' rules on third telco selection process released: DICT

ABS-CBN News
Sep 21 01:04 PM | Updated Sep 21 03:57 PM

The Memorandum Circular 09-09-2018 was signed by officials of NTC and DICT on Sept. 20, DICT said in a statement. Read more »

3 ways to find legitimate OFW recruiters

MoneyMax.ph
Sep 21 12:56 PM

Trying to find work abroad? Apply only through a recruiter licensed by the Philippine Overseas Employment Administration (POEA) Read more »

Arroyo backs Duterte’s call vs open-pit mining, proposes reforms

RG Cruz, ABS-CBN News
Sep 21 12:53 PM

Arroyo proposed to “explicitly prohibit open pit mining” while giving the DENR the time it needs to assess operations. She also proposed to impose excise taxes on open pit mines until they comply with the law.  Read more »

Century Properties, Mitsubishi Corp to roll out 33,000 homes worth P57 billion

ABS-CBN News
Sep 21 12:45 PM

The units worth P57 billion it total will be rolled out in key locations outside Metro Manila, Century Properties told the stock exchange.    Read more »

Cemex says it has no equity stake in ALQC

ABS-CBN News
Sep 21 11:43 AM

ALQC is a principal raw material supplier of APO Cement Corp, a wholly-owned subsidiary of Cemex Holdings Philippines, the firm told the stock exchange.  Read more »

Grab to implement P2 per minute charge starting Sept. 21

ABS-CBN News
Sep 21 11:00 AM

Grab said the re-imposition of the travel time component could help improve driver supply since it would encourage those who stopped servicing passengers. Read more »

China tightens embrace of Hong Kong with bullet train, other mega projects

James Pomfret, Reuters
Sep 21 09:45 AM

Passengers entering the modernist building will have their documents stamped by Chinese immigration officers and will be subject to Chinese law while zipping across Hong Kong at 200 kph (120 mph) to the mainland. Read more »

Amazon aims to make Alexa assistant bigger part of users' lives

Glen Chapman, Agence France-Presse
Sep 21 09:33 AM

Updates to the internet giant's Alexa-infused Echo smart speakers will allow them to tend to microwave cooking and even have "hunches" regarding what users may want or have forgotten.   Read more »

Japan inflation edges up but way below target in August

Agence France-Presse
Sep 21 09:25 AM

Inflation stood at 0.9 percent year-on-year in August, still far below the Bank of Japan's two-percent target, even though slightly higher than 0.8 percent in July and June and 0.7 percent in May.   Read more »

Spotify to let artists post music without labels

Agence France-Presse
Sep 21 06:55 AM

NEW YORK - In a move with the power to shake up the music industry, Spotify said Thursday that it will allow select artists to upload songs directly without record labels or distributors. Read more »

Emirates denies plans to take over Etihad

Agence France-Presse
Sep 21 06:51 AM

DUBAI - Dubai's Emirates Airline on Thursday denied reports it is in talks to acquire struggling Abu Dhabi carrier Etihad. Read more »

Coca-Cola, Walmart to cut plastic pollution in oceans

Agence France-Presse
Sep 21 06:44 AM

MONTREAL, Canada - Coca-Cola, Walmart, and other big multinationals pledged on Thursday to help reduce plastic pollution in the world's oceans in support of a campaign by 5 of the G7 industrialized nations. Read more »

DOLE needs more labor inspectors, lawmakers say

Vivienne Gulla, ABS-CBN News
Sep 21 06:04 AM

MANILA - Some lawmakers appealed to Congress to increase the budget of the Department of Labor and Employment (DOLE) for hiring of more labor inspectors, saying that workers' concern on security of tenure have yet to be addressed. Read more »

PH shares slump anew as inflation concerns persist

ABS-CBN News
Sep 21 12:28 AM

Philippine shares again mingle with the bears as investors continue to worry over rising inflation. Read more »

IMF warns tariffs could come at 'significant economic cost'

Agence France-Presse
Sep 20 11:43 PM

Worsening trade tensions and exchange of tariffs could cause "significant economic cost" to the global economy, an International Monetary Fund spokesman warned Thursday. Read more »

Exxon, Chevron to join industry climate initiative

Reuters
Sep 20 11:31 PM

Exxon Mobil, Chevron and Occidental Petroleum are joining a group of major international oil and gas companies in an initiative aimed at curbing carbon emissions in the sector, they said in a statement on Thursday. Read more »

Oil prices slip after Trump criticises OPEC

Christopher Johnson, Reuters
Sep 20 09:24 PM

Oil prices slipped on Thursday after U.S. President Donald Trump called on OPEC to "get prices down now!" ahead of a meeting of major oil exporters in Algeria this weekend. Read more »

Enderun president says a boss is a leader who also listens

Jan Yumul, ABS-CBN News
Sep 20 08:53 PM | Updated Sep 20 08:54 PM

Enderun Colleges President Edgardo Rodriguez admits he doesn't like the word "boss" in its traditional sense. Read more »

'NFA rice dapat pang dagdagan sa palengke para presyo ng commercial rice bumaba'

ABS-CBN News
Sep 20 08:32 PM

Iminungkahi ng grupo ng mga rice retailer ang pagdagdag sa suplay ng bigas ng National Food Authority sa mga palengke para bumaba ang presyo ng commercial rice. Read more »

EU tells Facebook 'patience at limit' on consumer rules

Agence France-Presse
Sep 20 06:49 PM

The EU warned social network Facebook on Thursday to bring its allegedly "misleading" consumer terms of service in line with the bloc's rules by the end of the year or to risk financial penalties. Read more »

Singapore panel recommends regulation of tech firms over fake news

John Geddie and Aradhana Aravindan, Reuters
Sep 20 06:41 PM

A Singapore parliamentary committee said on Thursday the government should consider legislation to ensure technology companies rein in online fake news and that those responsible are punished. Read more »

Amazon considering opening 3,000 cashierless stores: Bloomberg

Agence France-Presse
Sep 20 05:43 PM

The new AmazonGo outlets could be convenience stores offering fresh prepared foods and some groceries, like 7-Eleven, or just a place to grab a quick bite to eat, one of the sources told Bloomberg. Read more »

Quarry firm says landslide area in Cebu not part of operations

ABS-CBN News
Sep 20 04:58 PM

A firm which has quarrying rights to an area in Cebu that was struck by a landslide early Thursday said it has yet to start operations there. Read more »