News

World Bank bats for more open PH economy to boost growth

ABS-CBN News
Sep 24 07:21 PM

The World Bank on Monday recommended reducing restrictions on foreign investors, and improving competition in the telecommunications sector and other industries, to boost the country's productivity and economic growth.  Read more »

P12 pasahe sa jeep, ihihirit dahil sa taas-presyo ng petrolyo

ABS-CBN News
Sep 24 06:46 PM

Nakaumang ang posibilidad ng taas-pasahe dahil sa sunod-sunod na akyat ng presyo ng petrolyo, na nasa ikapitong taas na sa Martes, Setyembre 25, 2018. Read more »

Fiscal deficit rises to P282-B at end of August: Treasury

ABS-CBN News
Sep 24 06:34 PM

The government's fiscal deficit climbed to P282 billion at the end of August as spending outpaced revenue growth, the Bureau of Treasury (BTr) said Monday.  Read more »

Piñol seeks supplemental budget in light of Ompong damage

ABS-CBN News
Sep 24 05:29 PM | Updated Sep 24 05:58 PM

Secretary Manny Piñol on Monday said the Department of Agriculture (DA) needs a supplemental budget to help rehabilitate farm areas hit by typhoon Ompong.  Read more »

House, DOF kick off discussions on TRAIN 4

RG Cruz, ABS-CBN News
Sep 24 05:24 PM | Updated Sep 24 05:51 PM

The bill seeks to provide neutrality in tax treatment, tax system, tax competitiveness, and increased capital mobility and financial inclusion. Read more »

Catalyzing change through stuffed toys

ABS-CBN News
Sep 24 05:23 PM

This factory of cute stuffed toys not only help kids cure their loneliness. Read more »

Ompong damage to crops, livestock reaches P26.7 billion: DA

ABS-CBN News
Sep 24 04:31 PM | Updated Sep 24 05:22 PM

MANILA - The total damage of typhoon Ompong to crops and livestock has reached P26.7 billion, smashing initial forecasts, according to the latest data of the Department of Agriculture (DA) released Monday.  Read more »

What makes a good social entrepreneur?

ABS-CBN News
Sep 24 04:24 PM

What are the characteristics of a good social entrepreneur? Mitzi Uy, owner of Mori Notes, tells us about her desire to uplift the lives of people in marginalized communities.  Read more »

Expert sees adjusted PH growth forecast

ABS-CBN News
Sep 24 04:03 PM | Updated Sep 24 04:32 PM

The country’s economy could grow 6.5 percent to 7 percent for 2018. Read more »

PH on track to upper middle income status by 2019 - World Bank economist

Warren De Guzman, ABS-CBN News
Sep 24 04:01 PM

The Philippines is on track to achieving its goal of becoming an upper middle income economy by next year, a World Bank economist said Monday. Read more »

'Build, Build, Build' needs 12 bridges to beat metro traffic: DPWH

ABS-CBN News
Sep 24 03:57 PM | Updated Sep 24 04:40 PM

Twelve new bridges including the construction of a new Estrella – Pantaleon bridge were proposed under the government’s traffic management plan to further ease traffic congestion in Metro Manila, an official said Monday. Read more »

Trade chief urges Pinoys in UK to invest in the Philippines

Rose Eclarinal, ABS-CBN Europe Bureau
Sep 24 03:46 PM | Updated Sep 24 05:59 PM

With an expected annual growth of 6.7 percent for 2018, Lopez said overseas Filipinos should not be left behind.  Read more »

Singapore watchdog fines Grab, Uber $9.5 million over merger

Agence France-Presse
Sep 24 03:39 PM

The commission fined both firms a total SGD$13 million ($9.5 million) -- SGD$6.42 million for Grab and SGD$6.58 million for Uber. Read more »

Puregold network seen to boost PBCOM's expansion plans

ABS-CBN News
Sep 24 01:26 PM

Puregold Group founder Lucio Co now holds the majority stake at PBCOM, the country’s 20th largest bank in terms of assets.  Read more »

New US, China tariffs set to take effect, no compromise in sight

Reuters
Sep 24 12:04 PM

The United States and China are set to impose new tit-for-tat tariffs against each other's goods on Monday, the latest escalation in a heated trade war between the world's two largest economies. Read more »

Trade wars: Is Trump lining up Japan next?

Anne Beade, Agence France-Presse
Sep 24 12:03 PM

Trump has frequently grumbled about a "very high deficit" with Japan, the world's third-biggest economy. Read more »

Cemex assessing impact of quarrying 'cease and desist order' to production output

ABS-CBN News
Sep 24 12:01 PM | Updated Sep 24 04:25 PM

Cemex Holdings Philippines (CHP) on Monday said it was assessing the impact of a quarrying suspension to the production output of its subsidiary APO Cement.  Read more »

Mga kompanya ng langis magtataas-presyo sa Martes

ABS-CBN News
Sep 24 10:37 AM | Updated Sep 24 06:09 PM

Nag-anunsiyo nitong Lunes ang Shell Pilipinas na magkakaroon ng pagtaas sa presyo ng kanilang mga produkto simula 6:00 ng umaga sa Martes. Read more »

US ports fear they will be big losers in trade war

Ali Bekhtaoui, Agence France-Presse
Sep 23 11:31 AM

America's ports are fearful that they will be big losers as the escalating trade fight between Washington and Beijing bites into business. Read more »

As US raises interest rates, Fed may turn more hawkish

Douglas Gillison, Agence France-Presse
Sep 23 10:50 AM

Under the cloud of an escalating trade war, the US Federal Reserve this week will raise the benchmark lending rate for the third time this year, moving to prevent inflation from mounting too quickly as the world's largest economy continues brisk growth. Read more »

Hackers target real estate deals, with devastating impact

Rob Lever, Agence France-Presse
Sep 23 10:06 AM

James and Candace Butcher were ready to finalize the purchase of their dream retirement home, and at closing time wired $272,000 from their bank following instructions they received by email. Read more »

Trump weighs draft order targeting Google, Facebook: reports

Agence France-Presse
Sep 23 09:33 AM

President Donald Trump is weighing an executive order that would open federal antitrust and criminal probes into Google, Facebook and other social media firms, US media said Saturday, though the White House promptly distanced itself from the reports.  Read more »

Oil price hike nakatakda sa Martes

ABS-CBN News
Sep 22 06:45 PM

Sa ika-7 sunod na linggo, magkakaroon na naman ng pagtaas sa presyo ng petrolyo simula Martes. Read more »

Quarry firm heeds gov't order, suspends operations in wake of Cebu landslide

ABS-CBN News
Sep 22 04:48 PM | Updated Sep 23 11:03 AM

Apo Land and Quarry Corp. (ALQC) said it will comply with the cease and desist order of the Department of Environment and Natural Resources to ensure public safety. Read more »

Presyo ng bilihin tataas pa, ayon sa BSP

Arra Perez, ABS-CBN News
Sep 22 12:10 PM

MAYNILA – Mas tataas pa presyo ng mga bilihin bago matapos ang buwan ng Setyembre, batay sa pagtataya ng Bangko Sentral ng Pilipinas (BSP).  Read more »