News

Grab to appeal suspension of P2 per kilometer charge

ABS-CBN News
Apr 19 04:32 PM

Ride-hailing service Grab said Thursday it would appeal regulators' decision to suspend the additional P2 per kilometer that it was charging customers. Read more »

P2/minuto singilan ng Grab sinuspende ng LTFRB

ABS-CBN News
Apr 19 12:56 PM | Updated Apr 19 09:11 PM

Inutos na ng LTFRB na suspendihin ng transport network vehicle service provider na Grab ang dagdag-singil na P2 kada minuto sa pasahe habang patuloy ang pagdinig sa isyu ng singil sa pasahero.  Read more »

Solon seeks regulator action vs Grab over P2 charge

ABS-CBN News
Apr 19 12:37 PM | Updated Apr 19 05:40 PM

A congressman on Thursday urged regulators to suspend or fine ride-hailing firm Grab for imposing a allegedly "hidden" P2 per minute travel charge.  Read more »

New ride-hailing service HirNa mulls Metro Manila entry

ABS-CBN News
Apr 19 11:02 AM | Updated Apr 19 11:48 AM

Commuters in Metro Manila may soon be able to hail regular metered taxis through a mobile app if a study sees enough consumer demand in the capital, the service's developer said Thursday. Read more »

ABS-CBN elects Gabby Lopez as chairman emeritus, Mark Lopez as chairman

ABS-CBN News
Apr 19 10:35 AM | Updated Apr 19 12:58 PM

The ABS-CBN Corp board of directors on Thursday elected Eugenio "Gabby" Lopez III as chairman emeritus and Martin "Mark" Lopez as chairman.  Read more »

Flatpack fear no more? Robot assembles IKEA chair frame

Reuters
Apr 19 10:21 AM

Robots in Singapore have completed a task many humans dread - assembling flat-packed IKEA furniture.   Read more »

Trump, Japan's Abe agree to intensify trade talks

Steve Holland, Reuters
Apr 19 09:50 AM

US President Donald Trump and Japanese Prime Minister Shinzo Abe said on Wednesday they had agreed to intensify trade consultations between the 2 longtime allies, with an aim to expand investment and trade between their countries. Read more »

US businesses, farmers worried by China trade spat: Fed

Heather Scott, Agence France-Presse
Apr 19 09:24 AM

Despite continued economic growth, US businesses and farmers are increasingly concerned about the trade spat with China which already has pushed prices higher, according to a Federal Reserve survey released Wednesday. Read more »

Gabby Lopez nominates Mark Lopez as ABS-CBN chairman

ABS-CBN News
Apr 19 09:04 AM | Updated Apr 19 10:54 AM

Eugenio "Gabby" Lopez III on Thursday nominated Martin "Mark" Lopez to succeed him as chairman of ABS-CBN Corp, the country's largest media and entertainment company.  Read more »

Where K to 12 graduates can find job openings

ABS-CBN News
Apr 19 05:40 AM

Graduates of the expanded primary education system or K to 12 only have a "small chance" of landing white collar jobs, according to a poll by recruitment website Jobstreet.com. Read more »

Senator pushes for SIM card registration, mobile number portability

ABS-CBN News
Apr 19 02:05 AM

Mobile phone subscribers will be able to retain their phone numbers even if they switch telcos if a bill pending before Congress gets approved.  Read more »

Taus: Regularization of workers should be done 'case-by-case'

ABS-CBN News
Apr 19 01:28 AM

Guenter Taus, president of the European Chamber of Commerce in the Philippines, talks about how the labor group's demand to end illegal contractualization, would impact foreign investors doing business in the country. Read more »

Labor group firm on asking for EO vs 'endo'

ABS-CBN News
Apr 19 01:06 AM

A labor group remains firm on its demand to President Rodrigo Duterte to sign an executive order banning contractualization in the Philippines.  Read more »

Italian companies keen on investing in PH

ABS-CBN News
Apr 19 12:59 AM

Foreign investor interest in the Philippines is strong despite uncertainty surrounding fiscal incentives. Read more »

PSEi tries to recover after hitting near one-year low

ABS-CBN News
Apr 19 12:47 AM

The Philippine Stock Exchange Index makes a valiant effort to climb back above the 7,800 level, but fell slightly short of that mark at the closing bell.  Read more »

Pacquiao to launch own cryptocurrency

Agence France-Presse
Apr 18 11:54 PM

He said he would launch a cryptocurrency to connect with fans, but also backed the regulation of virtual currencies. Read more »

IMF warns of risks as central banks tighten

Agence France Presse
Apr 18 10:03 PM

The International Monetary Fund urged central banks Wednesday to take a gradual and transparent approach to tightening monetary policy, warning that unexpected moves could shock the global economy. Read more »

New ride-hailing firm 'Hype' to allow SMS booking, now accepting drivers

Art Fuentes, ABS-CBN News
Apr 18 09:55 PM

MANILA - No data connection? No problem. Newly accredited ride-hailing firm "Hype" said on Wednesday its system will allow users to book rides via text messaging. Read more »

Grab, sinagot ang reklamo ng TNVS riders

ABS-CBN News
Apr 18 09:41 PM

Ibinida naman ng isang papasok na bagong transport network company na mas mababa ang kanilang pasahe kompara sa Grab.  Read more »

China offers 30-day visa-free access to Hainan to 59 countries; Philippines included

ABS-CBN News
Apr 18 09:41 PM

MANILA - Starting May 1, tourists from 59 countries, including the Philippines, will be able to enter and stay in the Chinese province of Hainan without a visa for 30 days, according to China's official news agency. Read more »

SRP, nais ipangontra sa P50/kilo ng bigas

ABS-CBN News
Apr 18 09:33 PM

Nadismaya ang mga kalihim ng DA at DTI nang makitang mayroong nagbebenta ng lagpas P50 o P60 kada kilo ng bigas. Pinag-aaralan ngayon kung maaaring maglagay ng suggested retail price para sa bigas.  Read more »

Amazon launches international shopping from United States

Reuters
Apr 18 07:32 PM

Amazon.com Inc has launched an international shopping feature that will enable customers across the world to shop more than 45 million items that can be shipped to their country from the United States. Read more »

Cryptocurrency scams now rampant says SEC

Warren De Guzman, ABS-CBN News
Apr 18 06:14 PM

The Securities and Exchange Commission on Wednesday warned that internet-based bitcoin and cryptocurrency ponzi schemes are now running rampant. Read more »

LTFRB accredits transport firm 'Hype'

Jacque Manabat, ABS-CBN News
Apr 18 06:11 PM

The Land Transportation Franchising and Regulatory Board (LTFRB) on Wednesday issued a Certificate of Accreditation to new transport network operator Hype Transport Systems, Inc. Read more »

Dissecting data: The PSEi and the peso-dollar exchange rate

ABS-CBN News
Apr 18 06:04 PM

Isabelle Lee breaks down the numbers, with help from ABS-CBN Data Analytics, on swings in the peso-dollar exchange rate and the Philippine Stock Exchange Index to see if the two benchmarks are correlated. Read more »