Business | ABS-CBN News

Money discipline can save you from more COVID-19 headaches

Jessica Fenol and Joel Guinto, ABS-CBN News
Apr 09 07:04 AM

Filipinos should keep their discipline with money, notwithstanding uncertainty from the coronavirus pandemic that put the global economy in the freezer, analysts and officials said. Read more »

Snapchat outage shuts out sheltering consumers for hours

Agence France-Presse
Apr 09 06:56 AM

SAN FRANCISCO - The Snapchat application popular with young smartphone users went offline Wednesday for undetermined reasons, the company said. Read more »

Air Canada to rehire 16,500 workers laid off due to pandemic

Agence France-Presse
Apr 09 06:47 AM

MONTREAL - Some 16,500 Air Canada employees who were laid off because of the coronavirus pandemic will be rehired under a government relief package for businesses, the airline said Wednesday. Read more »

Huawei P40 Pro review: Camera champ gets fuselage to match

ABS-CBN News
Apr 09 06:26 AM

With 5 rear cameras on the premium model, a new screen design that curves on all 4 sides and a price tag that undercuts the flagship competition, Huawei hopes to draw specs and value-conscious buyers to its P40 smartphones. Read more »

'COVID-19 hit us in a very hard way': Dominguez says negative growth in 2020 possible

ABS-CBN News
Apr 09 03:12 AM | Updated Apr 09 03:41 AM

Finance Secretary Carlos Dominguez III said Gross Domestic Product (GDP) growth this year could be as low as 0 to -1 percent.  Read more »

Duterte warns landlords, lessors vs evicting tenants amid COVID-19 crisis

Gabriel Agcaoili, ABS-CBN News
Apr 09 02:19 AM

MANILA - President Rodrigo Duterte early Thursday warned landlords and lessors against evicting tenants and lessees amid the coronavirus pandemic, which has forced most workers and businessmen to stop their normal operations and leading to loss of income. Read more »

Global trade will plunge by up to a third in 2020 amid pandemic: WTO

Agence France-Presse
Apr 08 11:32 PM

Global trade growth is expected to plummet by up to a third in 2020 due to the coronavirus pandemic, the World Trade Organization said Wednesday, warning that the numbers would be "ugly". Read more »

Pinoys staying put during COVID-19 lockdown, Google data show

ABS-CBN News
Apr 08 10:48 PM

Google’s COVID-19 Community Mobility Report published March 29 showed that Filipinos cut down on travel for retail and recreation by 81 percent. Read more »

Pharma group warns vs ‘artificial shortage’ of medical supplies due to hoarding

ABS-CBN News
Apr 08 08:36 PM

Pharmaceutical and medical supplies manufacturers on Wednesday warned against “over stockpiling’ of medicines by patients as the Philippines tackles the COVID-19 crisis.  Read more »

SSS Salary Loan Online: What You Need to Know

Moneymax.ph
Apr 08 08:31 PM

Did you know that you can apply for an SSS salary loan to help with your lockdown expenses? And more conveniently, you can now apply online. Read more »

Pautang alok sa maliliit na negosyong apektado ng COVID-19

ABS-CBN News
Apr 08 05:50 PM | Updated Apr 08 09:34 PM

May pautang ang gobyerno sa maliliit na negosyo na sarado at walang kita ngayong isinailalim sa quarantine ang Luzon at ilan pang bahagi ng bansa bunsod ng coronavirus disease, ayon kay Trade Secretary Ramon Lopez.   Read more »

Taiwan's New Kinpo Group to produce ventilators, protective gear for Philippines

ABS-CBN News
Apr 08 03:19 PM

It's subsidiary Cal-Comp Philippines would repurpose some of its facilities in Batangas and Laguna to produce 1,000 ventilators and 2.5 million medical grade face masks and face shields to help the country fight COVID-19, New Kinpo Group CEO Simon Shen said in a statement. Read more »

Coronavirus may spark 'devastating' global condom shortage

Sam Reeves and Beiyi Seow, Agence France-Presse
Apr 08 02:31 PM

A global condom shortage is looming as the coronavirus pandemic shutters factories and disrupts supply chains, the world's top maker of the contraceptives said, with the United Nations warning of "devastating" consequences. Read more »

Cebu Pacific, PAL cancel flights until April 30

ABS-CBN News
Apr 08 02:29 PM

Cebu Pacific and Philippine Airlines said Wednesday they were canceling all domestic and international flights until April 30, in step with the Philippines' coronavirus lockdown. Read more »

In a first, China knocks US from top spot in global patent race

Stephanie Nebehay, Reuters
Apr 08 02:25 PM

China was the biggest source of applications for international patents in the world last year, pushing the United States out of the top spot it has held since the global system was set up more than 40 years ago, the UN patent agency said on Tuesday.  Read more »

iPhone manufacturer says to make ventilators in COVID-19 fight

Reuters
Apr 08 02:19 PM

Taiwanese electronics manufacturer Foxconn will make ventilators with US firm Medtronic Plc to help patients afflicted by the coronavirus outbreak, the company said on Wednesday. Read more »

Maynilad to provide free water to converted COVID-19 treatment facilities

ABS-CBN News
Apr 08 01:10 PM

Maynilad Water Services Inc said Wednesday it would provide free water to 3 government buildings that were converted into COVID-19 treatment centers.  Read more »

Pilipinas Shell donates protective suits for COVID-19 frontliners

ABS-CBN News
Apr 08 12:20 PM | Updated Apr 08 12:35 PM

The multi-tech 4,000 hazmat suits used in their Batangas refinery donated to the Batangas City Medical Center are lightweight, durable, comfortable and completely sealed, Pilipinas Shell Petroleum Corp country health manager Dr. Luz Rivera. Read more »

Amazon to suspend delivery service competing with UPS, FedEx

Reuters
Apr 08 11:40 AM

Amazon.com Inc will suspend a delivery service that aims to compete with UPS and FedEx in the United States. Read more »

Holy Week holiday pay can be deferred until COVID-19 crisis ends: labor dept

ABS-CBN News
Apr 08 11:39 AM

Employers can defer the payment of holiday pay this Holy Week until the COVID-19 crisis abates, the labor department said nearly a month into the lockdown of half of the country's population to beat the pandemic.  Read more »

Borrowers get another 30-day grace period with lockdown extension: Bangko Sentral

Joel Guinto, ABS-CBN News
Apr 08 11:19 AM | Updated Apr 08 02:50 PM

Loan payments with due dates that fall within the extended Luzon lockdown period get another 30-day grace period, pursuant to the country's coronavirus response law, a central bank official said Wednesday. Read more »

'Stable' supply of food, essentials as Luzon braces for longer lockdown

ABS-CBN News
Apr 08 10:32 AM | Updated Apr 08 10:48 AM

The Philippines' supply of food and essentials is "stable" as half the population braced for 3 weeks more under lockdown to beat the coronavirus disease pandemic, the country's trade chief said Wednesday. Read more »

BDO flags 'verify account' scam on e-mail

ABS-CBN News
Apr 08 09:49 AM | Updated Apr 08 05:45 PM

BDO Unibank on Wednesday warned against an e-mail scam that prompts clients to "verify" their accounts, as millions remained locked down in their homes to stop the COVID-19 pandemic. Read more »

Is this the most virus-proof job in the world?

David Segal, The New York Times
Apr 08 08:50 AM

It’s hard to think of a job title more pandemic-proof than “superstar livestreamer.” While the coronavirus has upended the working lives of hundreds of millions of people, pro video game sreamers like Dr. Lupo stick to a basically unaltered routine. Read more »

Release of cargoes from Manila port to slow on Holy Week, authorities say

ABS-CBN News
Apr 08 08:30 AM

The release of container vans in Manila ports is expected to slow down during the Holy Week but cargo unloading will continue, its operator said Wednesday. Read more »