News

PH shares down despite upbeat US earnings, China data

ABS-CBN News
Apr 15 11:43 PM

Philippine shares slipped as the truncated trading week begins. Read more »

EU green lights trade talks with Washington to defuse tension

Lachlan Carmichael, Agence France-Presse
Apr 15 08:37 PM

European Union countries on Monday overruled France and gave the green light for Brussels to open trade talks with Washington as soon as possible and defuse trans-Atlantic tensions. Read more »

Dagdag-singil sa kuryente nagbabadya dahil sa power alerts

ABS-CBN News
Apr 15 07:48 PM

Posibleng tumaas ang singil sa kuryente sa susunod na buwan dahil sa sunod-sunod na power alerts sa Luzon grid. Read more »

Razon firm aims to ease Manila Water shortfall via Wawa project in 2021

ABS-CBN News
Apr 15 07:35 PM

The infrastructure company of ports magnate Enrique Razon said on Monday it aims to boost Manila Water's supply as early as 2021 with an alternative water source in Brgy. Wawa, Rodriguez, Rizal. Read more »

Cash remittances from overseas Filipinos up 1.5 pct in February

ABS-CBN News
Apr 15 07:14 PM

Cash remittances from overseas Filipinos reached $2.3 billion in February, up 1.5 percent compared to the same month in 2018, the central bank said Monday. Read more »

Presyo ng seafood, gulay umakyat sa Lunes Santo

ABS-CBN News
Apr 15 05:46 PM | Updated Apr 15 10:12 PM

Tumaas ngayong Lunes Santo ang presyo ng seafood at gulay sa ilang pamilihan sa Metro Manila. Read more »

Ilan pang oil firms nag-abiso ng taas-presyo sa petrolyo

ABS-CBN News
Apr 15 03:12 PM | Updated Apr 15 06:21 PM

Ilan pang kompanya ng langis ang nag-anunsiyo ng taas-presyo sa petrolyo, na ipatutupad sa Martes, Abril 16. Read more »

PAL reminds passengers to arrive early for Holy Week flights

ABS-CBN News
Apr 15 03:08 PM

Passengers with overseas flights are advised to be at the airport at least 3.5 hours before departure while domestic passengers are advised to arrive at least 2.5 hours prior Read more »

With White House in their sights, Democrats challenge Wall Street

Elodie Cuzin, Agence France-Presse
Apr 15 02:04 PM

CEOs of America's biggest banks were summoned for the first time since the 2008 crisis by a congressional committee on Wednesday, raising their hands as they swore their oaths ahead of their testimony. Read more »

Work from home law implementing rules released: labor dept

ABS-CBN News
Apr 15 02:03 PM

Labor Secretary has signed the IRR of Republic Act 11165 or the Telecommuting Act, which will take effect after 15 days of publication, the Department of Labor and Employment said in a statement.    Read more »

Manila's Chinatown rolls out red carpet for new wave of Chinese traders

Jessica Fenol, ABS-CBN News
Apr 15 12:13 PM

Chinese businesses including Chinese restaurants and grocery stores have sprouted around the metro as workers from the mainland arrive to work for the Philippine Offshore Gaming Operators (POGOs). Read more »

First quarter GDP growth likely at 6.5 percent: Nomura

ABS-CBN News
Apr 15 11:36 AM | Updated Apr 15 11:51 AM

Passing the P3.7 trillion nation budget this month “shouldn’t cost too much damage” as the government could find ways to grow with off-budget type of projects, Nomura Southeast Asia senior economist Euben Paracuelles said.  Read more »

Save or Shred? What To Do with Money Documents Piling Up

Aneth Ng-Lim
Apr 15 09:52 AM

When it’s too hot to go anywhere, the best thing to do is stay indoors and keep yourself busy. One of my annual rituals is to go through financial documents and sort them between Save and Shred piles.  Read more »

Filipinos rush to beat income tax filing deadline

ABS-CBN News
Apr 15 09:48 AM | Updated Apr 15 04:12 PM

Filipinos rushed to beat the Monday deadline to file their annual income tax returns, with lines forming at Bureau of Internal Revenue offices. Read more »

Rotational brownouts loom on Monday as Luzon power woes persist

ABS-CBN News
Apr 15 09:43 AM | Updated Apr 15 03:18 PM

The Luzon grid was placed on yellow alert, the second highest warning, from 9 a.m. to 1 p.m. and 4 p.m. to 5 p.m. It will be on red alert, the highest warning, from 1 p.m. to 4 p.m., the National Grid Corp said in an advisory.   Read more »

Industrials' gains put to test as earnings ramp up: US stocks outlook

Caroline Valetkevitch, Reuters
Apr 15 08:22 AM

Industrials have outperformed the broader market this year, thanks in part to optimism that the United States may soon have a trade deal with China, as well as expectations the Federal Reserve will not raise interest rates again any time soon. Read more »

British businesses stash cash as Brexit gloom deepens: Deloitte

Reuters
Apr 15 08:14 AM

Some 81 percent of chief financial officers surveyed expect Brexit to lead to a long-term deterioration in Britain's business environment, the highest since the question was first asked at the time of June 2016's referendum on leaving the European Union. Read more »

Trump, despite solid US growth, says Fed should fire up crisis-era stimulus

Howard Schneider, Reuters
Apr 15 07:08 AM | Updated Apr 15 08:14 AM

President Donald Trump said on Sunday that actions by the US Federal Reserve have nicked US economic growth and stock market gains by perhaps 30 percent, and that it should begin pumping money into the economy as it did during the 2007-2009 recession.  Read more »

Too many travelers, too few planes is US airlines' 737 MAX summer dilemma

Tracy Rucinski, Reuters
Apr 15 07:08 AM

Normally US airlines compete to sell tickets and fill seats during the peak summer travel season. But operators of the grounded Boeing 737 MAX are facing a different problem: scarce planes and booming demand. Read more »

Facebook, Instagram and WhatsApp working again after outages

Reuters
Apr 15 07:06 AM

Facebook Inc said it restored services on Sunday after some users could not access its social networking site, photo-sharing network Instagram and messaging app WhatsApp.   Read more »

VW to take on Tesla X in China from 2021 with electric SUV

Edward Taylor, Reuters
Apr 14 10:39 PM

Volkswagen plans to build a fully electric sports utility vehicle (SUV) for China from 2021, taking on the Chinese market leader Tesla's Model X as the German carmaker ramps up production of zero-emissions vehicles. Read more »

US, Japan kick off trade talks amid China deal optimism

Kyoko Hasegawa, Agence France-Presse
Apr 14 10:33 PM

As optimism grows that the United States and China are nearing a trade deal, Japan kicks off its own negotiations with Washington from Monday, hoping to resolve some of the issues "very quickly." Read more »

Facebook down for some users - Downdetector.com

ABS-CBN News
Apr 14 08:48 PM

Facebook Inc's social networking site is inaccessible to some users across the world on Sunday, according to Downdetector.com, a website which monitors outages. Read more »

Mga kompanya ng langis may higit P1 dagdag-presyo sa gasolina

ABS-CBN News
Apr 14 03:50 PM | Updated Apr 14 10:40 PM

Maglalaro sa P1 ang itataas ng presyo ng kada litro ng gasolina pagdating ng Martes Santo. Read more »

PH urges ASEAN to share moves vs money laundering

ABS-CBN News
Apr 14 02:37 PM

Member-states of the Association of Southeast Asian Nations (ASEAN) should share efforts and initiatives in deterring money laundering, a primary tool in funding international terrorist activities, a Philippine official said.   Read more »