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Oil prices tumble amid US-China trade uncertainty

Agence France-Presse
Nov 20 07:22 AM

Oil prices tumbled Tuesday as lingering questions over the US-China trade talks weighed on sentiment on a mixed day for global equity markets. Read more »

Google Assistant to be 'news host' on devices

Agence France-Presse
Nov 20 07:13 AM

The feature called Your News Update will be activated by asking the Google Assistant to read the news.   Read more »

Senate to probe China’s stake in NGCP over national security concerns

Katrina Domingo, ABS-CBN News
Nov 20 12:45 AM

Energy officials confirmed that the Chinese firm can switch off the country’s power grid remotely.   Read more »

Duterte orders suspension of rice importation

ABS-CBN News
Nov 20 12:22 AM | Updated Nov 20 01:40 AM

Duterte said he has ordered Agriculture Sec. William Dar to suspend the importation of rice because it is currently harvest season for local rice. Read more »

Sugar industry liberalization in PH put on hold

ABS-CBN News
Nov 19 11:24 PM

Tight regulations on Philippine sugar imports are widely seen to stay on longer, with economic managers lukewarm on proposals to liberalize the sector. Read more »

LRT-1 operator looks to ad revenue from app while waiting for fare hike

ABS-CBN News
Nov 19 08:16 PM | Updated Nov 19 08:24 PM

The Light Railway Manila Corporation launched its IkotMNL mobile app earlier this year, which provides information on real-time train arrivals and departures, fares as well as a chatbox for customer service. Read more »

Investors back global online market-place for ethical, green farmers

Michael Taylor, Reuters
Nov 19 08:01 PM

A former investment banker has raised more than $10 million to expand a startup that helps developing-nation farmers who are using green and ethical methods to earn more by linking them directly with food buyers around the world. Read more »

Grab to return P5 million in excess charges through credits: PCC

ABS-CBN News
Nov 19 07:17 PM | Updated Nov 19 07:26 PM

The PCC and an independent third party trustee will have access to Grab’s database to identify riders eligible for the refund, or those who used the ride-hailing service in 101 routes where Grab committed pricing violations, Commissioner Johannes Bernabe told DZMM. Credits can be used to pay for services within the app.   Read more »

PH posts $163-million balance of payments surplus in October

ABS-CBN News
Nov 19 06:30 PM

This was a reversal of $458 million BOP deficit booked in the same month last year, the BSP said.  Read more »

PSEi snaps 4-day losing streak

ABS-CBN News
Nov 19 06:21 PM

Philippine shares snap four straight days of declines. The main index climbed back above 7,900. Despite the recent sideways trading, an analyst maintains an optimistic market outlook. Read more »

Radisson group to open in Bacolod, Mandaue in next 2 years

Jessica Fenol, ABS-CBN News
Nov 19 03:46 PM | Updated Nov 20 09:53 AM

Park Inn by Radisson in Bacolod City will open next year while Radisson RED Cebu Mandaue in Mandaue City will be operational by 2022, bringing its Philippines network to 7 hotels with 1,290 rooms, said its Asia Pacific vice president for operations Andre De Jong. Read more »

Fed chief reasserts independence in talks with Trump

Agence France-Presse
Nov 19 01:03 PM

Trump, who has lambasted Powell in harsh, personal terms over monetary policy, tweeted that the meeting was "good & cordial," adding that "everything was discussed" including interest rates, inflation, foreign exchange and the Fed's balance sheet policies. Read more »

In the deserts of Dubai, salmon farming thrives

Shatha Yaish, Agence France-Presse
Nov 19 12:36 PM

From a control room in the middle of Dubai's desert, Norway's sunrises and sunsets and the cool currents of the Atlantic are recreated for the benefit of thousands of salmon raised in tanks despite searing conditions outside. Read more »

Amazon offers ad-supported free music streaming service

Reuters
Nov 19 12:34 PM

Amazon offers paid plans for its music service starting at $9.99 per month and it is also part of its prime bundle. The company launched a free version of its music service for Alexa users on Echo devices in September. Read more »

POGOs should be taxed, says Duterte spokesperson

Arianne Merez, ABS-CBN News
Nov 19 11:32 AM

Online casinos or Philippine offshore gaming operations (POGOs) should be taxed, Malacañang said Tuesday after the government’s lawyer said levies could not be imposed on the industry. Read more »

Regent eyes Pasig exit as Vico Sotto sides with striking workers

ABS-CBN News
Nov 19 10:47 AM | Updated Nov 19 12:24 PM

The strike was "unlawful," Regent said, adding the 23 employees tried to stop their non-striking colleagues from reporting to work and that a security officer was attacked with "sharp weapons." Read more »

Kylie Jenner sells $600-million stake in cosmetics brand to Coty

Agence France-Presse
Nov 19 10:27 AM

Under the transaction, Coty, whose brands include Hugo Boss and Burberry fragrances, will pay $600 million for a 51 percent stake in Jenner's company. Read more »

Seismic shift: Streaming is about to change everything

Brooks Barnes, The New York Times
Nov 19 08:50 AM

Every three decades, or roughly once a generation, Hollywood experiences a seismic shift. The transition from silent films to talkies in the 1920s. The rise of broadcast television in the 1950s. The raucous “I Want My MTV” cable boom of the 1980s. Read more »

Asian shares soft as trade doubts creep back in

Tom Westbrook, Reuters
Nov 19 08:35 AM

Overnight, CNBC reported the mood in Beijing was pessimistic about the prospects of sealing an agreement. Read more »

SoftBank, Line Corp seek to create Japanese internet giant

Ben Dooley, The New York Times
Nov 19 08:30 AM

The combination would bring together two prominent Japanese companies that have seen better days. Read more »

US grants Huawei new 90-day license extension

David Shepardson, Reuters
Nov 19 07:36 AM | Updated Nov 19 08:46 AM

The Trump administration on Monday issued a new 90-day extension allowing US companies to continue doing business with China's Huawei Technologies Co Ltd as US regulators continue crafting rules on telecommunications firms that pose national security risks. Read more »

Scam-proof your digital wallet with these pro tips

Jessica Fenol, ABS-CBN News
Nov 19 06:30 AM | Updated Nov 19 08:13 AM

Digital natives are among the first to embrace the cashless future and they shared with ABS-CBN News some tips to ease the pain out of digital payments while keeping their virtual wallets safe. Read more »

NEDA wants POGOs taxed, Angara says

Ina Reformina, ABS-CBN News
Nov 19 06:03 AM

MANILA—The National Economic and Development Authority (NEDA) on Monday opposed with the Office of the Solicitor General’s (OSG) opinion that online casinos or Philippine offshore gaming operations (POGOs) could not be taxed.  Read more »

Poe calls on NEDA to fast track transport master plan

Ina Reformina, ABS-CBN News
Nov 19 01:25 AM

Senate Public Services Committee chair Sen. Grace Poe called on the National Economic and Development Authority (NEDA) Monday to fast track the completion of the transportation master plan, noting it was supposed to be finished last August. Read more »

House committee approves bill imposing 5 percent franchise tax on POGOs

ABS-CBN News
Nov 19 01:06 AM

The taxability of Philippine offshore gaming operations is now in contention after the House Ways and Means Committee approved a bill seeking to impose a 5 percent franchise tax on the booming industry. Read more »