Business | ABS-CBN News

How Al Panlilio plans to lead telco giant PLDT as new president, CEO

Bruce Rodriguez, ABS-CBN News
Jun 09 10:52 AM

Newly appointed president and CEO of PLDT Inc Alfredo Panlilio said he will build on the legacy that Manny Pangilinan started and anchor the telco giant to further success. Read more »

US Senate passes sweeping bill to address China tech rivalry

David Shepardson, Reuters
Jun 09 09:46 AM

The US Senate voted 68-32 on Tuesday to approve a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology. Read more »

Oil rises as Iranian supply not seen returning soon

Stephanie Kelly, Reuters
Jun 09 09:34 AM

Oil prices rose on Tuesday, settling at the highest in more than two years after the top US diplomat said that even if the United States were to reach a nuclear deal with Iran, hundreds of US sanctions on Tehran would remain in place.   Read more »

Paano mag-advertise ng negosyo sa panahon ngayon?

ABS-CBN News
Jun 09 08:06 AM

Hindi kailangan gumastos ng malaki para ma-promote ang iyong negosyo. Minsan, kailangan mo lamang maging malikhain at gumamit ng mga bagong online tools tulad ng ABS-CBN DASH. Read more »

Bitcoin sinks and approaches $30,000

Agence France-Presse
Jun 09 07:34 AM

The price of bitcoin fell sharply on Tuesday, approaching a symbolic $30,000 threshold it has not crossed since January and dragging other cryptocurrencies in its wake. Read more »

Bezos, Musk and other billionaires avoid US income taxes: report

Agence France-Presse
Jun 09 04:04 AM | Updated Jun 09 07:39 AM

Some of the richest Americans "pay little in income tax compared to their massive wealth -- sometimes, even nothing," said ProPublica. Read more »

PH shares rise despite unemployment rise, lower growth forecast

ABS-CBN News
Jun 08 10:04 PM

Philippine shares continued their winning streak despite higher unemployment and a dimmer outlook on economic growth by the World Bank. Read more »

Mga Pinoy sa NCR na walang trabaho o kulang ang kita dumami noong Abril

ABS-CBN News
Jun 08 07:52 PM

Sa buong bansa, nanatili sa 8.7 percent ang unemployment rate noong Abril, pero ang underemployment rate ay 17.2 percent. Read more »

Philippine villages with cases of ASF now down to 19- agri dep't

April Rafales, ABS-CBN News
Jun 08 06:29 PM

MANILA - As of June 4, only 19 barangays across 5 regions and 9 provinces in the country have active African swine fever cases, according to the Bureau of Animal Industry, an attached agency of the Department of Agriculture    Read more »

DOLE, aminadong hindi kayang mapabuti employment rate sa bansa dahil sa NCR lockdowns

ABS-CBN News
Jun 08 05:50 PM

MAYNILA - Aminado ang Department of Labor and Employment na hindi na nila kayang mapanatili ang napabuting employment rate noong Marso 2021 dahil sa pagpapatupad ng enhanced community quarantine and modified ECQ sa Kamaynilaan nitong mga nakalipas na buwan.  Read more »

Apple in talks with China firms over battery supplies for its electric car- sources

Reuters
Jun 08 05:15 PM

Apple Inc is in early-stage talks with China's CATL and BYD about the supply of batteries for its planned electric vehicle, four people with knowledge of the matter said. Read more »

Alibaba Cloud unveils plan to build data center in PH

Jessica Fenol, ABS-CBN News
Jun 08 05:01 PM | Updated Jun 08 08:48 PM

 Alibaba Cloud on Tuesday said it would build a data center in the Philippines to support digital transformation in the country and to further expand its footprint in Asia. Read more »

Manny Pangilinan steps down as president, CEO of PLDT Inc

ABS-CBN News
Jun 08 03:50 PM | Updated Jun 08 05:12 PM

Tycoon Manny V. Pangilinan on Tuesday stepped down as president and CEO of telco giant PLDT Inc. Read more »

Granting more mobility to vaccinated Filipinos 'not discriminatory,' says gov't adviser

ABS-CBN News
Jun 08 02:35 PM

Granting mobility to vaccinated Filipinos is not discriminatory, an official said Tuesday as he sough looser restrictions such as quarantine-free travel for those inoculated against COVID-19. Read more »

Dissecting Data: Quarantine, more job hunters push unemployment higher in NCR

Warren de Guzman and Edson Guido, ABS-CBN News
Jun 08 01:43 PM

Philippine unemployment hit 8.7 percent in April, the same as January’s unemployment rate, and much better than the record high of 17.6 percent in April 2020. Read more »

BSP opens design competition for new complex at New Clark City

ABS-CBN News
Jun 08 12:33 PM

The Bangko Sentral ng Pilipinas will open Tuesday the design competition for its new complex in New Clark City, its chief said.   Read more »

Gov't waives AstraZeneca COVID-19 vaccine donation from private sector: Concepcion

ABS-CBN News
Jun 08 11:33 AM

Government no longer needs the private sector's donation of AstraZeneca COVID-19 vaccines set to arrive February next year, an official said Tuesday.   Read more »

World Bank downgrades Philippine economic forecast to 4.7 percent for 2021

ABS-CBN News
Jun 08 11:03 AM | Updated Jun 08 02:15 PM

The World Bank on Tuesday downgraded its Philippine economic forecast citing the resurgence in COVID-19 cases and reimposition of restrictions that could affect recovery this year.  Read more »

JG Summit, Filinvest, Changi Airports Philippines sign deal for stake in LIPAD Corp

ABS-CBN News
Jun 08 10:58 AM

JG Summit Holdings on Tuesday said it signed a deal with Filinvest Development Corp, Philippine Airport Ground Support Solutions and Changi Airports Philippines defining ownership interest in the Luzon International Premier Airport Development Corp.    Read more »

Philippines 'ready' if US increases interest rates: central bank

ABS-CBN News
Jun 08 10:41 AM

The Philippines is ready should the United States increase its interest rates, the central bank said Tuesday. Read more »

Opening up PH economy 'good,' says BSP after approval of economic cha-cha

ABS-CBN News
Jun 08 09:55 AM | Updated Jun 08 10:32 AM

Opening up the country's economy to foreign investors is "by and large good," the Bangko Sentral ng Pilipinas said Tuesday on proposals to loosen restrictive economic provisions in the Constitution. Read more »

Apple adds virtual IDs on iPhone, video plans that rival Zoom, Teams

Stephen Nellis, Reuters
Jun 08 09:37 AM

Apple Inc, facing accusations from rivals that it has too much control over its App Store, on Monday outlined plans to increase user privacy and keep consumer data out of other companies' hands, laying out features including expanded video conferencing and storing virtual government IDs on iPhones. Read more »

4.14 million Filipinos jobless in April

ABS-CBN News
Jun 08 09:35 AM

Unemployment hit 8.7 percent in April, the same level compared to the previous quarter or the data from January 2021, the Philippine Statistics Authority said Tuesday. Read more »

Google to change global advertising practices in landmark antitrust deal

Mathieu Rosemain, Reuters
Jun 08 08:23 AM | Updated Jun 08 11:30 AM

Google said it would make changes to its global advertising business to ensure it did not abuse its dominance, bowing to antitrust pressure for the first time in a landmark settlement with French authorities. Read more »

Apple doubles down on privacy in new iPhone software

Agence France-Presse
Jun 08 07:15 AM | Updated Jun 08 08:09 AM

Apple on Monday said it is ramping up privacy and expanding features in new iPhone operating software to be released later this year.   Read more »