News

PAL bets on 'big data,' taps Airbus Flight Hour Services for its A350-900 fleet

ABS-CBN News
Apr 23 04:33 PM

The country’s flag carrier Philippine Airlines on Monday said it has selected Airbus Flight Hour Services (FHS), betting on "big data" to optimize and support the maintenance requirements of its A350-900 fleet. Read more »

NTC eyes memorandum to check 'vanishing load' of prepaid subscribers

Sherrie Ann Torres, ABS-CBN News
Apr 23 04:13 PM

The National Telecommunications Company (NTC) on Monday said it is readying a memorandum circular that would require telecommunications companies to provide prepaid subscribers with daily load monitoring reports following complaints of vanishing load, an official said. Read more »

GSIS cites P101 million unpaid rent as dispute with Sofitel operator intensifies

ABS-CBN News
Apr 23 04:03 PM

The Government Service Insurance System (GSIS) on Monday said Sofitel operator owes the government more than P100 million in unpaid rent, as the lease dispute between the two intensifies. Read more »

Labor group downbeat on law vs 'endo'

Adrian Ayalin, ABS-CBN News
Apr 23 01:42 PM

A labor group on Monday nixed President Rodrigo's plan to back a proposed law against labor contractualization, instead of banning the practice through an executive order.  Read more »

Bangko Sentral launches InstaPay instant fund transfer system

Michelle Ong, ABS-CBN News
Apr 23 12:58 PM | Updated Apr 23 04:13 PM

The Bangko Sentral ng Pilipinas on Monday launched InstaPay, an electronic fund transfer (EFT) system that allows immediate fund transfers in a bid to keep up with the changing times by trying to create a "cashless economy." Read more »

Trump's next $100 billion tariff dilemma: hit Wal-Mart or Apple Store?

David Lawder and Howard Schneider, Reuters
Apr 23 12:48 PM

US consumers may be about to directly feel the effects of the trade fight started by US President Trump with China and other countries this year when a new list of Chinese imports to be taxed is announced in coming days.  Read more »

Remittance payments hit record in 2017: World Bank

Agence France-Presse
Apr 23 12:46 PM | Updated Apr 23 12:51 PM

Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said Monday. Read more »

Grab sanctions 500 drivers over unjustified cancellations

ABS-CBN News
Apr 23 11:22 AM

Ride-hailing company Grab on Monday said it has sanctioned almost 500 drivers last week, following complaints of cancelled bookings.  Read more »

Michael Bloomberg to write $4.5 million check for Paris climate pact

Reuters
Apr 23 07:32 AM

Former New York mayor and billionaire Michael Bloomberg said on Sunday he will write a $4.5 million check to cover this year's US financial commitment to the Paris Climate Agreement. Read more »

Merkel, Mexican president hail benefits of free trade

Agence France-Presse
Apr 23 07:26 AM

German Chancellor Angela Merkel and Mexican President Enrique Pena Nieto, who both face trade tensions with US President Donald Trump, on Sunday praised an EU-Mexico deal to boost economic ties.  Read more »

Skating rink-on-wheels hones ice stardom dreams in tropical Philippines

Jessica Fenol, ABS-CBN News
Apr 23 07:13 AM

A few steps from a shopping mall food court that serves fried chicken and steaks on hot plates, 16-year-old Sofia Isabel Guidote honed her dreams of competing in the 2022 Winter Olympics.  Read more »

Middle child packs a punch? Hands on with Huawei's P20

ABS-CBN News
Apr 23 07:06 AM | Updated Apr 23 12:34 PM

Huawei is unleashing a trio of P20 phones this week and in between the budget-friendly P20 Lite and the triple camera P20 Pro is the P20, no second name required.  Read more »

Door to US-China trade talks seems to open after IMF meeting

Heather Scott, Agence France-Presse
Apr 22 03:36 PM

The gathering of world finance ministers began with heightened anxiety about the potential damage a US-China trade war could do to the economic recovery but ended Saturday with a door open to negotiations. Read more »

China welcomes US to visit China to discuss trade

Reuters
Apr 22 01:33 PM

China on Sunday said it welcomed plans by top US officials to visit the country to discuss trade and economic issues, amid tensions between the world's two largest economies. Read more »

Huawei P20 Lite Review: Punches above weight with design, display

ABS-CBN News
Apr 22 10:09 AM | Updated Apr 22 11:26 AM

It's understandable why Huawei did not unveil the P20 Lite at the same time as the P20 and P20 Pro in Paris last March. Without the camera brawn of the two, the Lite would seem like too much of a downgrade. Read more »

World Bank shareholders approve $13 billion capital increase

Heather Scott, Agence France-Presse
Apr 22 09:13 AM

World Bank shareholders approved a "historic" increase in the bank's lending capacity Saturday after the United States backed a reform package that curbs loans and charges more for higher income countries like China.  Read more »

GSIS chief 'misinformed' on Sofitel rent spat - operator

ABS-CBN News
Apr 22 09:01 AM | Updated Apr 22 11:21 AM

The head of the Government Service Insurance System (GSIS) was "probably misinformed" when he alleged that Sofitel Manila failed to pay rent on 2 lots owned by the agency, the hotel's operator said Sunday.  Read more »

Lease agreement at center of dispute between GSIS, Sofitel operator

ABS-CBN News
Apr 22 12:50 AM

The GSIS issued to Philippine Plaza Holdings Inc. a notice to vacate 2 lots owned by the agency, which alleged that the company wasn't paying rent. Read more »

Display notches and AI cameras: Mid-range phones below P20,000

ABS-CBN News
Apr 21 11:48 PM

Chinese phone-makers Huawei, OPPO and Vivo have announced their latest mid-range phones, all promising top cameras and sporting a trendy notched screen at a third of the price of the iPhone X. Read more »

Apela ng Grab na maibalik ang P2/minutong singil, pinag-aaralan

ABS-CBN News
Apr 21 10:14 PM

Pinag-aaralan ng Land Transportation Franchising and Regulatory Board (LTFRB) ang apela ng kompanyang Grab Philippines na maibalik ang P2 kada minuto na singil nila sa pasahe. Read more »

Oil price hike, inaasahan sa Martes

ABS-CBN News
Apr 21 08:25 PM

Sa ikalawang sunod na linggo, mayroon na namang oil price hike simula Martes dahil sa pagmamahal ng imported na petrolyo. Read more »

US-China trade tension dominates IMF gathering

Agence France-Presse
Apr 21 08:19 AM

Trade tensions between the United States and China, which threaten to spill over into the global economy, are dominating a gathering of world finance officials even as the Group of 20 avoided the topic. Read more »

Business Mentor: Money Mistakes You Should Avoid

Armando Bartolome
Apr 21 07:39 AM

Spending money wisely is a skill we should all have. But sometimes we do make mistakes with our finances. Read more »

Samsung targets meeting rooms, co-working spaces with 'Flip'

Jessica Fenol, ABS-CBN News
Apr 21 05:59 AM | Updated Apr 21 07:38 AM

Electronics giant Samsung on Thursday unveiled 'FL!P’, a 55” digital version of paper flip charts which aims to improve brainstorming productivity by streamlining the process and transforming any room to a meeting space.  Read more »

PH shares recover from near one-year low

ABS-CBN News
Apr 21 12:47 AM

The Philippine Stock Exchange index bounced back from the previous session's sharp losses as local investors buy up stocks that have gone cheap. Read more »