Business | ABS-CBN News

Natural calamities, policy uncertainties among challenges in PH economy

ABS-CBN News
Jan 23 12:41 AM

Philippine macroeconomic fundamentals remain solid in the year ahead despite challenges at home and abroad. Read more »

PH shares subdued ahead of Q4 2019 GDP data

ABS-CBN News
Jan 23 12:20 AM

Regulatory concerns continued to weigh on Philippine shares, closing flat on Wednesday. Read more »

Virus fears infect global markets

Agence France-Presse
Jan 22 10:29 PM

Asian stock markets slumped Tuesday as a SARS-like virus taking hold in China spooked investors, while sentiment suffered a knock also from a credit-ratings downgrade to major financial hub Hong Kong. Read more »

Trump, WTO chief to discuss changes to trade arbiter

Reuters
Jan 22 10:10 PM

US President Donald Trump on Wednesday vowed dramatic action with the World Trade Organization, saying the group's director general would visit Washington as soon as next week, but giving no other details.   Read more »

Trump threatens big tariffs on car imports from EU if no trade deal struck-CNBC

Reuters
Jan 22 08:11 PM

US President Donald Trump on Wednesday threatened to impose high tariffs on imports of cars from the European Union if the bloc doesn't agree to a trade deal. Read more »

Pimentel wants Angkas boss declared ‘persona non grata’

Katrina Domingo, ABS-CBN News
Jan 22 07:52 PM | Updated Jan 22 11:39 PM

Pimentel earlier this month admitted endorsing motorcycle-hailing app JoyRide to the Department of Transportation (DOTr). JoyRide officials earlier said it sought the help of the former Senate President to join the pilot testing of motorcycle taxis. Read more »

Toyota, Honda to recall over 6-M cars over faulty air bags

Kyodo News
Jan 22 07:42 PM

Toyota Motor Corp. and Honda Motor Co. will recall over 6 million vehicles globally due to problems in air bags that could pose a danger to drivers and passengers, the Japanese automakers said Wednesday. Read more »

Cavitex: No toll for vehicles delivering Taal relief goods

ABS-CBN News
Jan 22 07:36 PM

Private groups that plan to transport relief goods must first email a request to Cavitex's customer service department to avail of the toll-free service. Read more »

Netflix ramps up global subscribers, but sees slower growth ahead

Glenn Chapman, Agence France-Presse
Jan 22 05:59 PM

Netflix said Tuesday it added millions of new subscribers globally over the past quarter as it prepared up for a tougher competitive landscape, but scaled back its outlook for early 2020. Read more »

Presyo ng itlog at itlog na maalat tumaas sa ilang pamilihan

Lyza Aquino, ABS-CBN News
Jan 22 05:36 PM

Samantala, pare-pareho namang nagtaas ang presyo ng itog na maalat sa mga palengkeng inikot ng ABS-CBN News.  Read more »

Mga gasolinahang nagpataw ng excise tax nadagdagan, ininspeksiyon

ABS-CBN News
Jan 22 05:28 PM | Updated Jan 22 07:30 PM

Ininspeksiyon ngayong Miyerkules ng Department of Energy ang mga gasolinahang nagpataw na ng mas mataas na buwis sa langis. Read more »

Saudi involved in hacking of Amazon boss Bezos' phone, UN report will say

Joseph Menn and Hesham Abdul Khalek, Reuters
Jan 22 03:45 PM | Updated Jan 22 04:43 PM

Two UN officials will report on Wednesday that there is enough evidence suggesting that Saudi Arabia had hacked Amazon.com Inc founder Jeff Bezos' phone and both the kingdom and the United States should investigate, a person familiar with the matter said.   Read more »

Chevron: Batangas Land deal complies with Philippine laws

ABS-CBN News
Jan 22 03:41 PM | Updated Jan 22 04:42 PM

The oil firm also said that the contract was beneficial to both the Philippine government and Chevron Philippines.  Read more »

UP eyes renegotiation of Ayala Land deal for Technohub

Christian V. Esguerra, ABS-CBN News
Jan 22 03:34 PM | Updated Jan 22 06:41 PM

The deal, which turned UP’s 37-hectare property in Quezon City into a bustling commercial and call center hub, is under scrutiny by Malacañang, which also cracked down on water concessionaire Manila Water, an Ayala Corp subsidiary. Read more »

Economic growth in Q3 2019 lower than earlier reported: statistics agency

ABS-CBN News
Jan 22 03:20 PM

Gross domestic product grew 6 percent in the quarter ended September, from the previous report of 6.2 percent. This would require at least a 6.8 percent expansion in the fourth quarter to meet the low end of the government's 6 to 7 percent goal for the entire 2019. Read more »

LG gives free laundry to Taal evacuees in Batangas, Cavite

ABS-CBN News
Jan 22 02:42 PM

LG Philippines said it sent 10 heavy duty washing machines to evacuation centers in affected areas to service hundreds of people who were displaced by Taal's volcanic activity.  Read more »

Walang hulihan: DOTr at motorcycle taxi firms nagkaayos na

ABS-CBN News
Jan 22 02:39 PM | Updated Jan 22 08:04 PM

Nagkasundo na ang gobyerno at mga kompanya ng motorcycle-taxis na tuloy ang pag-aaral ukol sa naturang serbisyo.  Read more »

5 mins from Cubao to Makati 'possible,' as EDSA decongestion 'inevitable': Sec Villar

Arianne Merez, ABS-CBN News
Jan 22 02:35 PM

Ongoing infrastructure projects worth P384 billion under the ‘Build, Build, Build’ program will decongest EDSA by at least 130,000 vehicles this year to reach the government’s target of restoring the 288,000-vehicle capacity in the highway by 2020, Villar said.   Read more »

Dissolve gov't firm in lease deal with Chevron, says finance dept

Arianne Merez, ABS-CBN News
Jan 22 01:16 PM

The Department of Finance had flagged as "onerous" alleged "minuscule" rent paid by Chevron Philippines to Batangas Land Co Inc a subsidiary of the National Development Co or NDC.   Read more »

Ajinomoto pushes umami overhaul for much-maligned MSG

Sara Hussein, Agence France-Presse
Jan 22 12:15 PM

In much of the world, monosodium glutamate or MSG is a beloved ingredient. It's in stock cubes and potato chips, and sprinkled on everything from soups to salads, adding a savory flavor sometimes referred to as umami or the "fifth taste". Read more »

China virus compounds Hong Kong's economic woes

Jerome Taylor and Yan Zhao, Agence France-Presse
Jan 22 12:15 PM

The semi-autonomous financial hub is currently on high alert for any appearance of the new coronavirus, which first surfaced in the Chinese city of Wuhan and has since spread to the United States and around Asia.  Read more »

France, US move towards temporary truce in trade war

Liz Alderman, Jim Tankersley and Ana Swanson, The New York Times
Jan 22 11:41 AM

The apparent détente emerged after Macron and President Donald Trump agreed in a phone call late Sunday to grant more time for negotiations over a global solution to taxing Amazon, Facebook and other digital companies. Read more »

Duterte cracks down on 'onerous' deals: Firms under gov't scrutiny

ABS-CBN News
Jan 22 10:43 AM

Duterte earlier this month promised to "correct" all government contracts before he steps down from office in 2022. Read more »

Motorcycle-taxi cap raised as test run expands to Cagayan de Oro

ABS-CBN News
Jan 22 10:14 AM | Updated Jan 22 04:41 PM

The cap of motorcycle-taxi drivers has been raised to 63,000 from 39,000 as a province in Mindanao was added for the pilot run of the 2-wheeled vehicle as public transportation, the official overseeing it said Wednesday. Read more »

Huawei boss says US may 'escalate,' stays confident on business

Julien Girault, Agence France-Presse
Jan 22 09:59 AM

The comments by Huawei chief executive and founder Ren Zhengfei to business leaders at the World Economic Forum in Davos come amid a bitter court fight in Canada over a US demand to extradite Huawei's chief financial officer Meng Wanzhou, who is his eldest daughter. Read more »