Business | ABS-CBN News

3M profits jump amid heavy demand for face masks

Agence France-Presse
Jan 26 11:54 PM

3M, a maker of N95 face masks, reported higher fourth-quarter profits Tuesday on the mixed impact of Covid-19 across its businesses while also projecting sales growth in 2021. Read more »

PH shares join regional decline, sink to 6,977

ABS-CBN News
Jan 26 10:07 PM

Philippine shares joined the regional decline amid concerns over the next stimulus package in the US and the rollout of COVID-19 vaccines. Read more »

Mall sa Maynila pumayag maging e-trike terminal bilang tulong sa mga tsuper

ABS-CBN News
Jan 26 06:50 PM

Papayagang mag-terminal ang mga e-trike sa drop-off at valet areas ng isang mall sa Maynila.  Read more »

Malls handang sumunod sa utos kaugnay ng age restriction

ABS-CBN News
Jan 26 06:29 PM | Updated Jan 26 07:21 PM

Ayon sa malalaking shopping mall, susunod sila sa utos na bawal muna sa kanilang establisimyento ang mga bata. Read more »

'Suicide yan': Mga magbababoy ikinagalit ang itinutulak na price freeze

ABS-CBN News
Jan 26 05:57 PM

Lalo umanong mawawalan ng suplay ng baboy dahil wala na talagang magnenegosyo bunsod ng price freeze.  Read more »

DA nakikipag-usap na sa Vietnam para sa vaccine trials vs ASF

ABS-CBN News
Jan 26 05:34 PM

Sa isang presser nitong Martes, sinabi ni Agriculture Sec. William Dar na may bakuna na rin kontra ASF sa Vietnam at nakikipag-ugnayan na sila sa bansa para magkaroon din ng trial dito sa Pilipinas.   Read more »

First batch of new train cars unveiled for LRT-1 extension

ABS-CBN News
Jan 26 04:52 PM | Updated Jan 26 07:28 PM

The Department of Transportation (DOTr) on Tuesday unveiled the first batch of new train cars that will be used for the LRT-1 extension to Cavite. Read more »

DOF bats for ‘doable’ economic measures as Congress holds Cha-cha hearings

ABS-CBN News
Jan 26 03:37 PM

Finance Secretary Carlos Dominguez III said lawmakers should pass “doable” economic measures with only 17 months left in the administration of President Rodrigo Duterte, as Congress again held hearings on amendments to the Constitution on Tuesday.   Read more »

PH recovery can outpace Asia Pacific with smooth vaccine rollout

ABS-CBN News
Jan 26 02:46 PM

The Philippine economy can outpace the growth of the Asia-Pacific economy on a best-case scenario should the country carry out a seamless rollout of COVID-19 vaccines and steady loosening of quarantine restrictions. Read more »

Asia seen to lead COVID talks at Davos 2021 meetings

ABS-CBN News
Jan 26 02:18 PM

Asian speakers are seen to lead the talks to fight COVID-19 on virtual Davos meetings this week, as proven by moving in-person meetings from Davos to Singapore. Read more »

Joe Biden to work with allies to stop China’s ‘economic abuses’

Robert Delaney, South China Morning Post
Jan 26 12:21 PM

Pledging ‘an approach of patience’, White House press secretary says Biden will evaluate the tariffs currently in place. Deliberations over the ban on investment in companies including China Mobile are being undertaken by the State and Treasury departments, says the spokeswoman. Read more »

Megawide confirms NAIA rehab bid rejected by gov't

ABS-CBN News
Jan 26 11:39 AM | Updated Jan 26 12:51 PM

The Filipino Indian consortium seeking to rehabilitate the Philippines' main gateway confirmed on Tuesday that the government has turned down its appeal to keep the group's original proponent status (OPS).  Read more »

PAL offers Boracay, Coron, Cebu flights for as low as P298; HK at $79

ABS-CBN News
Jan 26 11:17 AM

Philippine Airlines is offering a sale for domestic and international flights when travelers book from Jan. 25 to 31. Read more »

Spotify tests audiobooks of classics including 'Persuasion,' 'Frankenstein'

Agence France-Presse
Jan 26 10:37 AM

Streaming giant Spotify is extending its foray into audiobooks, dropping nine new public-domain classics narrated by celebrities including Hilary Swank and Forest Whitaker.   Read more »

US Senate votes overwhelmingly to confirm Yellen as first female Treasury chief

David Lawder, Reuters
Jan 26 09:29 AM

Janet Yellen won overwhelming Senate confirmation as the first female US Treasury secretary on Monday, setting her quickly to work with Congress on coronavirus relief, reviewing US sanctions policy and strengthening financial regulation. Read more »

Death of diesel looms as carmakers accelerate to electric future

Gilles Guillaume, Reuters
Jan 26 12:02 AM

The world's biggest diesel engine factory in Tremery, eastern France, is undergoing a radical overhaul - it's switching to make electric motors. Read more »

PH shares break 6-day losing streak

ABS-CBN News
Jan 25 10:58 PM

The local bourse broke its six-day losing streak despite persistent foreign outflows. Read more »

Hong Kong's Cathay Pacific warns of capacity cuts, higher cash burn

Reuters
Jan 25 09:43 PM

Cathay Pacific Airways Ltd on Monday warned passenger capacity could be cut by about 60% and monthly cash burn may rise if Hong Kong installs new measures that require flight crew to quarantine for two weeks. Read more »

Biden pushes elusive 'Buy American' goal with new federal contract guidelines

Andrea Shalal and Timothy Aeppel, Reuters
Jan 25 07:22 PM

President Joe Biden will take steps on Monday to harness the purchasing power of the United States government, the world's biggest single buyer, to increase domestic manufacturing and create markets for new technologies, a senior administration official said. Read more »

Debenhams shuts all stores, around 12,000 jobs lost

Agence France-Presse
Jan 25 06:50 PM

UK department store chain Debenhams is to shut all its outlets, administrators for the collapsed group said Monday, with the loss of around 12,000 jobs. Read more »

BIR says fewer tax collections last year, but more tax-paying businesses

ABS-CBN News
Jan 25 06:50 PM

The Bureau of Internal Revenue said Monday it collected P1.94 trillion taxes last year, 11.23 percent less than the P2.19 trillion in 2019 as taxpayers were unable to pay taxes amid the pandemic. Read more »

Pagpataw ng price ceiling sa baboy, manok tinutulak

ABS-CBN News
Jan 25 06:47 PM | Updated Jan 25 07:18 PM

Gustong patawan ng price ceiling ng Department of Agriculture ang presyo ng karneng baboy at manok. Read more »

Jollibee aiming to open 100 outlets of Vietnamese resto PHO24

ABS-CBN News
Jan 25 06:11 PM

Jollibee Foods Corp said Monday it is eyeing to open 100 outlets of Vietnamese restaurant PHO24 in the "long term", starting with three new store openings this year. Read more »

Why allow youngsters in malls if they are banned from in-person classes?

ABS-CBN News
Jan 25 05:56 PM | Updated Jan 25 06:05 PM

The Department of Trade and Industry on Monday defended a government move to allow 10- to 14-year-olds to go to commercial establishments, even as they are still banned from attending face-to-face classes due to the COVID-19 pandemic.  Read more »

After 5-year delay DOTr targets partial opening of Cebu bus rapid transit this year

ABS-CBN News
Jan 25 05:43 PM

The Department of Transportation said it is aiming to partially open Cebu's bus rapid transit system this year following a 5-year delay in the project.  Read more »