Business | ABS-CBN News

From geeks to telcos, Chinese tech lures Filipinos

Jessica Fenol and Joel Guinto, ABS-CBN News
Jun 19 06:07 AM

From smartphone shoppers seeking the most features to telecommunications companies building 5G networks and cashless payment ecosystems, Filipinos are turning to Chinese technology which promises better features at lower prices compared to competition from the West.From geeks to telcos, Chinese tech lures Filipinos Read more »

Qatar Airways launches Davao-Doha flights

Chrislen Bulosan, ABS-CBN News
Jun 18 11:36 PM

DAVAO CITY — Qatar Airways on Tuesday launched its first direct flight to Doha from Davao Airport.   Read more »

Meat processors welcome retention of lower tariffs on some poultry products

ABS-CBN News
Jun 18 10:58 PM

Among the anti-inflationary measures imposed by the Duterte administration, the retention of lower tariffs on some poultry products, a move welcomed by local meats processors. Read more »

Government issues IRR for mobile number portability act

ABS-CBN News
Jun 18 10:56 PM

Major telco firms in the Philippines are given 6 months to implement the Mobile Number Portability Act.  Read more »

PH shares jump as investors await monetary policy decisions

ABS-CBN News
Jun 18 10:52 PM

Monetary policy decisions are in focus as investors await meetings of both the Federal Reserve and Bangko Sentral ng Pilipinas.  Read more »

Gov't eyes faster rollout of infra before PH becomes high middle income country

ABS-CBN News
Jun 18 10:05 PM

Pernia said that if the Philippines achieves this, it would no longer be eligible for Japanese Special Terms on Economic Partnership or STEP funding, which gives the country more favorable terms.  Read more »

Huawei phone sales plunge, cutbacks planned as US pressure bites

Agence France-Presse
Jun 18 09:38 PM

Huawei's founder said Monday the Chinese telecom giant's overseas smartphone sales have tumbled since the US last month threatened to blacklist the company, and he warned the embattled firm would slash production to weather the US drive to isolate it. Read more »

Sumitomo affiliate under fire over banana plantation labor dispute

Kyodo News
Jun 18 09:23 PM

TOKYO - Two representatives from a Philippines labor union on Tuesday protested what they claim are unfair labor practices and human rights abuses at a banana plantation run by a fruit company affiliated with Japan's Sumitomo Corp.   Read more »

Investment na gustong pasukin busisiin muna: financial analyst

ABS-CBN News
Jun 18 08:36 PM

Payo ng isang financial expert: Busisiing mabuti ang kompanya bago mag-invest dito para maiwasang maloko. Read more »

Cellphone number puwede nang permanente sa subscriber

ABS-CBN News
Jun 18 08:09 PM

Puwede nang maging permanente sa subscriber ang kanyang mobile number kahit pa magpalipat-lipat ng network provider.   Read more »

Taas-presyo sa mga delata di tuloy sa pagpako ng taripa: manufacturers

ABS-CBN News
Jun 18 07:23 PM

Di na matutuloy ang nakaambang taas-presyo sa mga delatang karne kasunod ng pagbaba ng taripa sa sangkap nito.  Read more »

Airbus bags Cebu Pacific deal as salesmen struggle at Paris Airshow

Tim Hepher, Reuters
Jun 18 06:12 PM

Reuters reported on Monday that Cebu was poised to buy more than two dozen Airbus planes.   Read more »

Halos 2 milyon kabahayan tatamaan ng water interruption simula Hunyo 19

ABS-CBN News
Jun 18 05:40 PM | Updated Jun 18 07:58 PM

Higit 2 milyong kabahayang sakop ng Maynilad at Manila Water ang apektado ng aabot sa 17 oras na water interruption.  Read more »

Facebook reveals Libra cryptocurrency, with lofty goals

Katie Paul and Anna Irrera, Reuters
Jun 18 05:11 PM

Facebook Inc revealed plans on Tuesday to launch a cryptocurrency called Libra, the latest development in its effort to expand beyond social networking and move into e-commerce and global payments. Read more »

Lucio Tan daughter takes over PAL as Bautista retires

ABS-CBN News
Jun 18 04:44 PM | Updated Jun 18 05:53 PM

Philippine Airlines on Tuesday confirmed that owner Lucio Tan's daughter Vivienne Tan, will be heading the company as officer-in-charge as PAL president and chief operating officer Jaime Bautista retires.  Read more »

Globe to launch 5G broadband for homes

Katrina Domingo, ABS-CBN News
Jun 18 04:26 PM | Updated Jun 18 05:44 PM

Globe Telecom will launch a 5G broadband service in Pasig City this week, becoming the first Filipino carrier to make the next generation connectivity standard available commercially. Read more »

Kapa Ministry faces criminal complaint before DOJ

ABS-CBN News
Jun 18 03:32 PM | Updated Jun 18 07:49 PM

The Securities and Exchange Commission on Tuesday filed a criminal complaint at the Department of Justice against Kapa Ministry, a religious group that President Rodrigo Duterte accused of operating an investment scam. Read more »

Antitrust body sets 15-day 'expedited' review for select deals

ABS-CBN News
Jun 18 03:25 PM

Under a May 28 resolution, the expedited review is applicable for transactions that are less likely to substantially prevent, lessen or restrict competition in their market, the PCC said in a statement.    Read more »

Advertisers, agencies and social media combine to tackle online threat

Reuters
Jun 18 03:16 PM

The Global Alliance for Responsible Media will also include media buying agencies from the major ad groups - WPP, IPG, Publicis, Omnicom and Dentsu - as well as the platform owners, the group said on Tuesday at the ad industry's annual gathering in Cannes, France. Read more »

USAID, ADB sign deal to 'mobilize' $7B clean energy investments

ABS-CBN News
Jun 18 02:09 PM

Under the agreement, USAID and ADB “will work to mobilize” $7 billion of investment in projects to boost the capacity of clean energy systems by 6 gigawatts and increase energy trade by 10 percent in the next 5 years, the ADB said in a statement.  Read more »

Priceless money lessons from “I Will Survive” singer Gloria Gaynor

Aneth Ng Lim
Jun 18 10:10 AM

The diva behind the karaoke staple on heartbreak also recently shared money lessons she learned throughout her career. Read more »

China's Huatai lifts off in long-awaited London-Shanghai share link

Pamela Barbaglia, Reuters
Jun 18 09:11 AM

Under the scheme, known as Stock Connect, Shanghai-listed companies can raise new funds on the London stock market while British companies can broaden their investor base by selling existing shares in Shanghai. Read more »

Sotheby's snapped up by French tycoon Drahi for $3.7 billion

Sudip Kar-Gupta, Svea Herbst-Bayliss and Mathieu Rosemain, Reuters
Jun 18 09:04 AM

The acquisition allows Drahi to join French billionaire Francois Pinault - who owns Sotheby's main rival Christie's - at the top of the art world and New York society. Read more »

Asia stocks capped ahead of Fed, oil on defensive

Shinichi Saoshiro, Reuters
Jun 18 08:53 AM

The Fed, facing fresh demands by US President Donald Trump to cut interest rates, begins a two-day meeting later on Tuesday. The central bank is expected to leave borrowing costs unchanged this time but possibly lay the groundwork for a rate cut later this year. Read more »

Boeing apologizes for 737 MAX crashes as Paris Air Show opens

Joseph Schmid, Agence France-Presse
Jun 18 08:49 AM

The US aerospace giant is battling to regain the trust of passengers, pilots and regulators after a 737 operated by Indonesia's Lion Air flight crashed last October, followed by an Ethiopian Airlines jet in March. Read more »