Business | ABS-CBN News

DOE, NGCP nagturuan kung sino ang may sala sa Luzon brownouts

ABS-CBN News
Jun 10 08:26 PM

Paliwanag ng NGCP, hindi sila nagkulang na magpaalala sa DOE ukol sa numinipis na suplay ng kuryente sa bansa. Read more »

Effective implementation of Mandanas Ruling to help PH recovery: World Bank

Bruce Rodriguez, ABS-CBN News
Jun 10 08:13 PM | Updated Jun 10 09:01 PM

The World Bank said the Ruling has the potential to improve government services across the country while ensuring a more stable and inclusive recovery from the health crisis. Read more »

Higit 55,000 trabaho alok sa Independence Day job fair

ABS-CBN News
Jun 10 07:43 PM

Mahigit 55,000 job vacancies ang iaalok sa online job fair na ikinasa ng DOLE para sa Independence Day sa Sabado. Read more »

Ilang negosyante naghahanda na rin sa 'booster' shot ng kanilang manggagawa

ABS-CBN News
Jun 10 07:18 PM

Naghahanda na rin para sa 'booster vaccines' ng mga manggagawa ang ilang mga negosyante.  Read more »

NGCP says power rates to spike if DOE insists on firm contracts for backups

ABS-CBN News
Jun 10 06:05 PM | Updated Jun 10 08:52 PM

The National Grid Corporation of the Philippines (NGCP) said that based on its initial simulations, power rates may rise by P0.64 per kilowatt hour in Luzon, P0.54 per kwh in Visayas, and P1.39 per kwh in Mindanao if it enters into firm contracts for ancillary services (AS). Read more »

SEC backs changes to bank secrecy law

ABS-CBN News
Jun 10 04:26 PM

The Securities and Exchange Commission said Thursday it is backing amendments to the Bank Secrecy Law to help its efforts against financial crimes. Read more »

El Salvador's adoption of bitcoin delights cryptocurrency fans

Joseph Sotinel, Agence France-Presse
Jun 10 02:58 PM

El Salvador's approval of bitcoin as legal tender, making it the first country in the world to do so, has delighted cryptocurrency fans but left markets unconvinced. Read more »

As Fed taper looms, global central banks eye their own exits from stimulus

Leika Kihara, Mfuneko Toyana and Karin Strohecker, Reuters
Jun 10 01:08 PM

The more vulnerable emerging market central banks, such as Brazil, Ghana and Armenia, have already started their tightening cycle on rising inflation pressures.  Read more »

Facebook remote work made permanent as offices re-open

Agence France-Presse
Jun 10 11:47 AM

Beginning on June 15, Facebook will let any employee whose job can be done remotely ask to work that way permanently, the internet giant told AFP. Read more »

China arrests over 1,100 suspects in crackdown on crypto-related money laundering

Reuters
Jun 10 11:24 AM

Police in China arrested over 1,100 people suspected of using cryptocurrencies to launder illegal proceeds from telephone and Internet scams in a recent crackdown, the Ministry of Public Security said. Read more »

Foreign direct investments hit $808 million in March: BSP

ABS-CBN News
Jun 10 11:08 AM | Updated Jun 10 11:19 AM

Foreign direct investment net inflows hit $808 million in March 2021, higher by 139.5 percent compared to $337 million in the same month last year, the Bangko Sentral ng Pilipinas said Thursday. Read more »

Child labor swells for first time in two decades: UN

Nina Larson, Agence France-Presse
Jun 10 09:26 AM | Updated Jun 10 09:38 AM

In a joint report, the International Labor Organization and the UN children's agency UNICEF said the number in child labor stood at 160 million at the start of 2020 -- an increase of 8.4 million in four years. Read more »

Getting married in the new normal? Here's what to consider

Moneymax.ph
Jun 10 09:00 AM

June na, so you know what that means: marami na namang magpapakasal! Believe it or not, marami pa ring nagpapakasal kahit may pandemic. And you’re probably one of those brave couples. If you are, congratulations! Just make sure you check out these financial and safety considerations bago niyo simulan ang happily ever after niyo.  Read more »

South Korea considers vaccinating workers at major companies: media reports

Reuters
Jun 10 08:59 AM

South Korea is considering plans to vaccinate workers at key businesses including chip and electronics firms to prevent disruptions to production, the Maeil Business Newspaper reported on Wednesday, citing government and industry sources. Read more »

Does money grow on volcanoes? El Salvador explores bitcoin mining

Reuters
Jun 10 08:52 AM

El Salvador's President Nayib Bukele said on Wednesday that he has instructed state-owned geothermal electric firm LaGeo to develop a plan to offer bitcoin mining facilities using renewable energy from the country's volcanoes. Read more »

Facebook working on smartwatch that could link with its AR glasses

Agence France-Presse
Jun 10 06:52 AM | Updated Jun 10 08:09 AM

Facebook confirmed it is working on a smartwatch that might one day connect with augmented reality glasses being developed by the leading social network. Read more »

Biden drops plan to ban Chinese-owned apps TikTok, WeChat

Rob Lever, Agence France-Presse
Jun 10 06:50 AM

Biden on Wednesday revoked executive orders from his predecessor Trump seeking to ban the Chinese-owned mobile apps over national security concerns, the White House said. Read more »

PH shares close above 6,900 for the first time since March

ABS-CBN News
Jun 09 10:49 PM

The Philippine Stock Exchange Index closed above the 6,900 level for the first time since March. Read more »

Rotational brownout pinangangambahan sa patuloy na pagbubukas ng ekonomiya

ABS-CBN News
Jun 09 08:48 PM

Mananatiling mataas ang demand sa kuryente sa mga susunod na buwan kasabay ng unti-unting pagbubukas ng ekonomiya kaya naman pinangangambahang mangyari ulit ang rotational brownout sa Luzon.  Read more »

Ilang establisimyento planong ihiwalay ang mga bakunado, 'di pa nabakunahan laban sa COVID-19

ABS-CBN News
Jun 09 07:44 PM

May ilang negosyong nagbabalak na ihiwalay ang mga kostumer at empleyado nilang bakunado at hindi pa nababakunahan kontra COVID-19, ayon kay Presidential Adviser for Entrepreneurship Joey Concepcion. Read more »

BPI to undergo systems upgrade for several hours on June 13,14

ABS-CBN News
Jun 09 05:54 PM

The Bank of the Philippine Islands on Wednesday said it would undergo systems maintenance activities for several hours on June 13 and June 14. Read more »

NGCP says fulfilling mandate to ensure stable grid operations

ABS-CBN News
Jun 09 04:51 PM

The National Grid Corporation of the Philippines on Wednesday said it has "for the most part" fulfilled its mandate to stabilize grid operations. Read more »

Bitcoin proves double-edged sword for criminals

Joseph Sotinel, Agence France-Presse
Jun 09 04:41 PM

Regulators have repeatedly criticized the growth of cryptocurrencies such as bitcoin because of their popularity with criminals but the technology's transparent transactions can also work against law breakers.   Read more »

Senate to probe Luzon power supply woes

Warren De Guzman, ABS-CBN News
Jun 09 04:20 PM

Lawmakers would look into the recent power outages due to the low supply in the Luzon grid to see if the National Grid Corporation and the country's energy regulators are accountable, Senator Sherwin Gatchalian on Wednesday said. Read more »

Bitcoin is now legal tender in El Salvador

Agence France-Presse
Jun 09 03:37 PM

The Congress of El Salvador has approved a law that will classify Bitcoin as legal tender in the Central American country, its president said, making it the world's first nation to adopt a cryptocurrency. Read more »