News

Gov't revises PH growth target, cites worldwide 'uncertainties'

ABS-CBN News
Oct 16 02:02 PM | Updated Oct 16 04:00 PM

The DBCC also adjusted the inflation forecast for 2018, which is projected to range between 4.8 to 5.2 percent.   Read more »

ABS-CBN Convergence, Globe wind down mobile sharing agreement

ABS-CBN News
Oct 16 11:50 AM

ABS-CBN and Globe Telecom will continue to bank on their competencies and focus on new synergies to serve their customers. Read more »

Suspension of next fuel tax hike will help 'manage' inflation expectations: DOF

ABS-CBN News
Oct 16 11:11 AM | Updated Oct 16 11:50 AM

Department of Finance (DOF) Asec. Tony Lambino said many people mistakenly blame excise taxes on fuel for the rising prices of goods.  Read more »

Manila Water unit gets 'notice to proceed' for San Fabian water supply project

ABS-CBN News
Oct 16 10:33 AM

The project, with a franchise term of 25 years, is expected to be operational by 2019, Manila Water said.  Read more »

Google latest to withdraw from Saudi conference

Arjun Panchadar, Reuters
Oct 16 09:16 AM

Alphabet Inc's Google on Monday became the latest company to drop out of a business conference in Saudi Arabia. Read more »

Jeff Bezos to invest more than $1 bn in Blue Origin in 2019

Agence France-Presse
Oct 16 07:16 AM

The world's richest man, billionaire entrepreneur and Amazon boss Jeff Bezos, said Monday that he is planning to boost his annual investment in Blue Origin, the aerospace company he launched in 2000. Read more »

RealMe 2 Pro targets youth with power and style in budget package

Jessica Fenol, ABS-CBN News
Oct 16 06:08 AM | Updated Oct 16 11:06 AM

The 100 percent Indonesia-manufactured RealMe 2 Pro targets the youth by offering power, style, and speed while sticking to the budget category.  Read more »

What tourists, businesses need to know about Boracay dry run, opening

Davinci Maru, ABS-CBN News
Oct 16 03:46 AM

MANILA - As Boracay began its partial reopening on Monday, the government said it will strictly enforce the compliance of business establishments to ensure the success of its dry run. Read more »

Presyo ng baboy, inaasahang tataas sa Disyembre

ABS-CBN News
Oct 16 03:06 AM | Updated Oct 16 06:32 AM

Asahan na raw ang mataas na presyo ng baboy sa Disyembre. Read more »

Danish conglomerate boss says Pinoys think like Europeans

ABS-CBN News
Oct 15 11:38 PM

Danish conglomerate Connovate forays into the Philippine construction scene as it partners with Emma Imperial's Imperial Homes Corp.  Read more »

DICT ready to defend 3rd telco selection process against Now Telecom

ABS-CBN News
Oct 15 11:29 PM

The government is ready to defend its selection process for the new major telco player, despite continued legal provocations from one of the prospective bidders, Now Telecom.  Read more »

PH shares sink below 7,000 anew

ABS-CBN News
Oct 15 11:27 PM

Philippine shares put up a good fight for most of the day as renewed trade war fears spark heavy selling in Asia. Read more »

Sears, once a retail titan, files for Chapter 11 bankruptcy

Tracy Rucinski and Tom Hals, Reuters
Oct 15 09:48 PM

Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday with a plan to close 142 more stores, throwing into doubt the future of the century-old retailer that once dominated U.S. malls but has withered in the age of internet shopping. Read more »

Iranian crude exports fall further as Trump's sanctions loom

Alex Lawler, Reuters
Oct 15 09:13 PM

Turkey and Italy are the last buyers of Iranian crude outside China, India and the Middle East, according to tanker data and an industry source, the latest sign that shipments are taking a major hit from looming US sanctions. Read more »

IRRI, Corteva ink agreement on rice research as firm launches in Asia Pacific

Tarra Quismundo, ABS-CBN News
Oct 15 08:32 PM

The International Rice Research Institute (IRRI) and agricultural firm Corteva Agriscience on Monday signed an agreement that would support rice breeding research to bring innovation from laboratory to farm faster as part of efforts to ensure food security amid population growth and climate change. Read more »

Presyo ng manok tumaas, ibang bilihin bumaba sa ilang pamilihan

ABS-CBN News
Oct 15 08:05 PM

Tumaas ang presyo ng manok sa ilang pamilihan sa Metro Manila habang bumaba naman ang presyo ng baboy, gulay, isda at ilang klase ng bigas. Read more »

Grupo di kontento sa pagsuspende ng dagdag-buwis sa langis

ABS-CBN News
Oct 15 07:54 PM | Updated Oct 15 10:07 PM

Hindi kontento ang mga militanteng grupo sa pagsuspende ng gobyerno sa dagdag-buwis sa langis para sa susunod sa taon bilang hakbang upang makaagapay ang mga konsumer sa taas-presyo ng mga bilihin.  Read more »

Cash remittances from overseas Filipinos down 0.9 pct in August: BSP

ABS-CBN News
Oct 15 06:49 PM

Cash remittances from overseas Filipinos reached $2.5 billion in August, lower by 0.9 percent compared to the same month last year, the central bank said Monday. Read more »

Are you still paying with cash?

Aneth Ng-Lim
Oct 15 04:25 PM

In our country of some 106 million Filipinos, less than 5 percent own credit cards and the rest continue to pay their transactions with cash. Read more »

HSBC appoints new CEO for Philippine operations

ABS-CBN News
Oct 15 03:46 PM

FitzGerald will replace Wick Veloso, who is leaving the group to pursue other endeavors. Read more »

Iconic US retailer Sears files for Chapter 11 bankruptcy

Tracy Rucinski and Tom Hals, Reuters
Oct 15 02:58 PM | Updated Oct 15 03:48 PM

Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, throwing into doubt the future of the century-old retailer that once dominated US malls but has withered in the age of internet shopping. Read more »

Danish firm Connovate forays into PH affordable housing sector

Cathy Yang, ABS-CBN News
Oct 15 01:56 PM | Updated Oct 15 04:59 PM

Danish conglomerate Connovate has forayed into the Philippine construction scene using a technology that could help build “more refined” affordable housing. Read more »

Presyo ng mga bilihin, bumaba sa Kamuning Market

ABS-CBN News
Oct 15 01:51 PM

Bumaba nitong Lunes ang presyo ng ilang pangunahing bilihin sa ilang pamilihan sa Metro Manila. Read more »

Megaworld to build 4th residential development in Uptown Bonifacio

ABS-CBN News
Oct 15 01:48 PM

The 45-storey Uptown Arts Residence will rise near the proposed Skytrain Uptown Station and Mega Manila Subway. Read more »

Cashalo banks on data science to provide credit to the unbanked

ABS-CBN News
Oct 15 12:32 PM | Updated Oct 17 10:33 PM

The Gokongwei group's financial technology venture Cashalo was using technology to help unbanked Filipinos get access to credit, it's general manager said Monday. Read more »