Business | ABS-CBN News

BSP to launch 3 e-payment streams

ABS-CBN News
May 18 03:01 PM

The Bangko Sentral ng Pilipinas on Wednesday said it will launch 3 new e-payment streams to expand the digital payment ecosystem over the next 2 years. Read more »

Converge gets tax perks for broadband in remote areas

ABS-CBN News
May 18 01:12 PM

Converge said it has secured the approval of the Fiscal Incentives Review Board (FIRB) for tax incentives for its broadband rollout in remote areas until 2026. Read more »

Megaworld says it has no unpaid tax dues

ABS-CBN News
May 18 11:11 AM

Megaworld Corp said it has resolved a disagreement with a BIR's regional office and that it has no unpaid liabilities. Read more »

DFNN eyes investments in space technology, data centers

ABS-CBN News
May 18 11:00 AM

Listed gaming technology platform DFNN Inc on Wednesday said it would invest in data centers and space technologies to expand its business. Read more »

Netflix trims staff to weather slowing growth

Agence France-Presse
May 18 10:31 AM

Netflix said it laid off about two percent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television service. Read more »

Japan first-quarter GDP shrank as omicron wave hit

Agence France-Presse
May 18 09:06 AM

Japan's economy shrank 0.2 percent in the first quarter of 2022, official data showed Wednesday, hit by Covid-19 restrictions forced by an omicron surge and the effect of higher prices. Read more »

The 'bots' at heart of Twitter buyout row

Glenn Chapman, Agence France-Presse
May 18 08:19 AM

Elon Musk's pausing of his bid to buy Twitter due to questions over "bots" has put the artificially-operated accounts at the heart of the proposed deal's latest controversy. Read more »

US now champion for hiding wealth: NGO

ABS-CBN News
May 18 05:26 AM

A Tax Justice Network metric scores each county's financial and legal system on allowing individuals to hide money brought in from elsewhere. Read more »

PH shares close at nearly 6,600 level

ABS-CBN News
May 17 11:56 PM

The Philippine Stock Exchange Index closed in the green for the second straight day. Read more »

E-sabong for taxes? Marcos spox says not so fast

Katrina Domingo, ABS-CBN News
May 17 08:45 PM

The camp of presumptive President Ferdinand "Bongbong" Marcos Jr. on Tuesday said he is not keen on tapping e-sabong to pay the country’s surging debt. Read more »

Ukraine's key IT sector booming despite Russian invasion

Charlotte Plantive, Agence France Presse
May 17 08:38 PM

It has made more than $2 billion since the start of the war and has become the country's leading exporter. Read more »

Duterte OKs law boosting financial consumer protection

Job Manahan, ABS-CBN News
May 17 06:23 PM

President Duterte has approved a law that aims to protect consumers from financial fraudsters by expanding the powers of regulators. Read more »

Musk says Twitter purchase will not go ahead without clarity on spam accounts

Agence France-Presse
May 17 05:48 PM

Billionaire Elon Musk said Tuesday that his purchase of Twitter would not go ahead unless he was assured that fewer than 5 percent of accounts on the platform were fake. Read more »

Duterte EO on gov't digital payments to cut corruption: BSP

ABS-CBN News
May 17 05:19 PM

Among the benefits of utilizing digital payments in government transactions is reducing the risk of corrupt practices, the Bangko Sentral ng Pilipinas said Tuesday. Read more »

Group says micro businesses can be exempted from wage hike

Job Manahan, ABS-CBN News
May 17 04:33 PM | Updated May 17 04:49 PM

Businesses in Metro Manila and Western Visayas with less than 10 employees may be exempted from raising wages for their workers, a business group said Tuesday. Read more »

Thailand's economy rebounds 2.2 pct in Q1

Agence France-Presse
May 17 04:13 PM

Thailand's economy grew 2.2 percent in the first quarter following an export and tourism boost after the relaxation of pandemic entry restrictions, the kingdom's main economic agency said Tuesday. Read more »

Megaworld says BIR closure order 'resolved'

ABS-CBN News
May 17 04:08 PM | Updated May 17 05:02 PM

Megaworld said it has already reached out to the BIR and resolved the issue after the tax agency said the company was the subject of a closure order. Read more »

Poultry farmers umaasang makakabawi ng kita

Lady Vicencio, ABS-CBN News
May 17 02:06 PM | Updated May 17 07:20 PM

Umaasa ang grupo ng mga poultry raiser na makakabawi sila sa kita matapos luwagan ang pagbiyahe ng mga manok mula sa mga lugar na tinamaan noon ng bird flu. Read more »

Wage hike exemption, puwedeng i-apply: DOLE

ABS-CBN News
May 17 02:02 PM

Puwedeng mag-apply para sa exmeption sa umento ang mga hirap na negosyo pati ang mga nalugi dahil sa COVID-19 pandemic, ayon sa DOLE. Read more »

India's biggest-ever IPO falls 7 pct on market debut

Agence France-Presse
May 17 01:48 PM

India's biggest-ever IPO, state-owned insurance giant LIC, fell seven percent from its flotation price of 949 rupees when it made its market debut Tuesday. Read more »

GT Capital says Q1 core net income surpassed pre-pandemic level

ABS-CBN News
May 17 11:44 AM

GT Capital on Tuesday said its core net income jumped 18 percent in the first quarter driven by Metrobank and Toyota Motor Philippines. Read more »

Pinay entrepreneur leads 'learn to earn' NFT platform

ABS-CBN News
May 17 11:43 AM | Updated May 17 12:34 PM

A Filipina entrepreneur has founded an education company where students are paid to learn using crypto. Read more »

'The Good Meat' aims to become top pork supplier in PH

ABS-CBN News
May 17 11:11 AM | Updated May 17 11:31 AM

Aboitiz Group on Tuesday said its food subsidiary Pilmico Food Corp aims to bring "The Good Meat" products to over 300 supermarkets by the end of 2022 in a bid to become the top pork supplier in the country. Read more »

BSP opens forex facility for Filipinos returning from Ukraine

ABS-CBN News
May 17 10:00 AM | Updated May 17 11:07 AM

The Bangko Sentral ng Pilipinas is opening a currency exchange facility (CEF) for overseas Filipinos and their families who are coming back from Ukraine. Read more »

SSI Group posts P68 million net income in Q1

ABS-CBN News
May 17 09:59 AM

Luxury retailer SSI Group on Tuesday said it continued to see pandemic recovery in the first quarter with a net income of P68 million. Read more »