News

Netflix forecast disappoints as streaming competition looms

Lisa Richwine and Vibhuti Sharma, Reuters
Apr 17 05:40 AM

LOS ANGELES/BENGALURU - Netflix Inc reported quarterly results on Tuesday that beat Wall Street targets, but the world's largest online streaming service predicted it would hook fewer new customers than expected through June, just as Walt Disney Co and others prepare to escalate the streaming video wars. Read more »

Remittances from overseas Filipinos grow at slowest pace in February

ABS-CBN News
Apr 17 12:02 AM

While one economist believes the trend is not yet worrying, it highlights the need for the country to look for other drivers of growth. Read more »

Concerns raised over key revision in coverage of ‘ease of doing business’ law

ABS-CBN News
Apr 16 11:50 PM

Some are concerned the still-pending implementing rules and regulations for the law won't be comprehensive enough to effect real change. Read more »

PH shares bounce, as market cheered 2019 budget signing

ABS-CBN News
Apr 16 11:45 PM

Philippine shares ended higher, as the market cheered news of President Rodrigo Duterte finally signing the 2019 budget.  Read more »

EU lawmakers okay minimum rights for gig economy workers

Foo Yun Chee, Reuters
Apr 16 10:26 PM

The European Parliament on Tuesday approved a law setting minimum rights for workers in the "gig economy", a move that may benefit Uber drivers, Deliveroo and Just Eat food couriers and others. Read more »

'Paglago ng OFW remittances bumagal noong Pebrero'

ABS-CBN News
Apr 16 09:19 PM

Ayon sa datos ng BSP, bumagal sa 1.2 porsiyento ang paglago ng OFW remittances noong Pebrero.  Read more »

China probes Sweden's Ericsson over licensing

Agence France-Presse
Apr 16 08:15 PM

Swedish telecom giant Ericsson said Tuesday that China's market regulator was investigating the company over licensing issues as countries around the world prepare to roll out the next generation of mobile networks. Read more »

LIST: Which malls are open this Holy Week?

Rose Carmelle Lacuata, ABS-CBN News
Apr 16 08:05 PM

MANILA - Malls in the metro and nearby areas have announced operating schedules for Holy Week 2019.  Read more »

LIST: Which malls are open this Holy Week?

Rose Carmelle Lacuata, ABS-CBN News
Apr 16 08:05 PM | Updated Apr 17 05:50 PM

MANILA - Malls in the metro and nearby areas have announced operating schedules for Holy Week 2019.  Read more »

Banks announce operating schedules for April 18 to April 21

ABS-CBN News
Apr 16 06:21 PM | Updated Apr 17 05:56 PM

Banks on Tuesday announced operating schedules for the period of April 17 to April 22.  Read more »

Mag-ipon ng tubig para sa Holy Week water interruption: Maynilad

ABS-CBN News
Apr 16 05:11 PM

Pinayuhan ng Maynilad ang mga kostumer nito na mag-ipon ng tubig para sa Semana Santa.  Read more »

Maynilad reminds customers to store water for Holy Week maintenance

ABS-CBN News
Apr 16 04:00 PM | Updated Apr 16 04:08 PM

Maintenance works will cause 5-hour to 30-hour water service interruptions in parts of Manila, Malabon, Navotas, Valenzuela, Quezon City, Parañaque, Pasay, Las Piñas, and Bacoor in Cavite starting Tuesday April 16 to April 20, it said.  Read more »

Billionaire Arnault's family to donate $226 million for Paris' Notre-Dame

Reuters
Apr 16 03:28 PM | Updated Apr 16 03:47 PM

French billionaire businessman Bernard Arnault's family and his LVMH luxury goods group will donate 200 million euros ($226 million) to help repair Paris' Notre-Dame cathedral, said a statement issued on behalf of Arnault. Read more »

LRT-2 Masinag extension to be finished by last quarter of 2020: DOTr

ABS-CBN News
Apr 16 03:22 PM | Updated Apr 16 03:33 PM

The extension of the LRT-2 will be finished by the last quarter of 2020, the Department of Transportation said Monday during the ceremonial laying of tracks for the line.  Read more »

May pagkakataong magbago sa pagnenegosyo

ABS-CBN News
Apr 16 12:11 PM | Updated Apr 16 12:13 PM

Ang 19-year-old na si Neil Mark Madrid, may pagkakataon pa kayang makapagbagong-buhay matapos malulong sa ipinagbabawal na gamot? Read more »

JG Summit net income down on 'perfect storm' of fuel, peso

ABS-CBN News
Apr 16 11:40 AM | Updated Apr 16 11:42 AM

The holding form of taipan John Gokongwei said Cebu Pacific, JG Summit Petrochemicals and Universal Robina were exposed to oil and foreign exchange shocks. Read more »

Manila Water COO resigns, opts for early retirement

ABS-CBN News
Apr 16 10:46 AM | Updated Apr 16 11:48 AM

The Ayala-led water distributor said it accepted the resignation of COO Geodino Carpio, who opted for early retirement. He will be replaced by Abelardo Basilio in an acting capacity. Read more »

Phoenix officials tour China model for Batangas LNG project

ABS-CBN News
Apr 16 10:30 AM

In a disclosure to the stock exchange, Phoenix Petroleum said its officials along with its Chinese counterpart toured around the facility while "checking" CNOOC's technical expertise in building and operating a running gas plant. Read more »

Vetoed budget items not in priority list: Finance chief

ABS-CBN News
Apr 16 10:20 AM | Updated Apr 16 02:27 PM

President Rodrigo Duterte vetoed P95 billion in items from the 2019 budget because they are not included in his administration’s programmed priorities, the head of his economic team said Tuesday. Read more »

Accenture seeks 'upskill' for BPO workers

ABS-CBN News
Apr 16 10:04 AM

Accenture Philippines is working with the government and the academe to produce "job-ready" graduates since the country "is still catching up" when it comes to technology, its country managing director Lito Tayag said. Read more »

Boeing under pressure from canceled flights, Trump tweets

Luc Olinga, Agence France-Presse
Apr 16 08:25 AM

Boeing faces a wave of flight cancellations by US airlines and pressure from President Donald Trump to rebrand its top-selling 737 MAX aircraft, a month after the plane was grounded worldwide in the wake of two deadly crashes. Read more »

France sees blockchain as anti-monopoly weapon in digital world

Agence France-Presse
Apr 16 08:18 AM

France had already put in place legal, fiscal and accounting structures to manage fundraising in digital currencies as a pillar of the blockchain economy. Read more »

Global stocks little changed as Easter break saps volumes

Agence France-Presse
Apr 16 08:14 AM

Global stocks finished little changed Monday following a quiet session as investors eyed the latest in trade diplomacy and US banks reported mixed earnings. Read more »

Anti-red-tape agency vows to finalize ease of doing business IRR

ABS-CBN News
Apr 15 11:55 PM

The country's Anti-Red-Tape Authority held a public hearing in hopes of finally issuing the implementing rules and regulations for the near one-year old ease of doing business law. Read more »

Luzon power grid placed under red alert status anew

ABS-CBN News
Apr 15 11:47 PM

Power supply remains unstable in Luzon, after its power grid was placed under red power alert for a fourth time this month. Read more »