Business | ABS-CBN News

Finance department casts doubt on IMD competitiveness ranking

ABS-CBN News
Jun 17 10:09 AM

The IMD ranking "equates surplus with competitiveness" which could result in an "artificially" low score for the Philippines, which is expected to run a deficit due to its "Build, Build, Build" infrastructure program, the DOF said in a statement. Read more »

All eyes on Fed as stock market pines for rate cut: US stocks outlook

Chuck Mikolajczak, Reuters
Jun 17 06:36 AM

The benchmark S&P 500 has rallied more than 5 percent this month as softening economic data coupled with comments by Fed officials heightened expectations the Fed will cut rates by the end of the year and, at the very least, telegraph it is leaning toward a later rate cut at its June 18-19 meeting. Read more »

Boeing crisis, trade tensions cast pall over air show

Eric M. Johnson, Andrea Shalal and Tim Hepher, Reuters
Jun 17 06:22 AM

The aerospace industry's marquee event is a chance to take the pulse of the $150-billion-a-year commercial aircraft industry, which many analysts believe is entering a slowdown due to global pressures from trade tensions to flagging economies, highlighted by a profit warning from Lufthansa late on Sunday. Read more »

Presyo ng manok umabot sa P180 kada kilo sa ilang pamilihan

ABS-CBN News
Jun 16 06:49 PM

Pumapalo na ng hanggang P180 ang presyo ng kada kilo ng ilang bahagi ng manok sa ilang pamilihan sa Kamaynilaan. Read more »

From apples to almonds, India hikes tariffs on US goods

Agence France-Presse
Jun 16 04:56 PM

India on Sunday imposed higher tariffs on 28 items imported from the US, in retaliation to Washington's recent withdrawal of trade privileges for New Delhi. Read more »

India to impose retaliatory tariffs on 28 US goods from Sunday

Nidhi Verma and Neha Dasgupta, Reuters
Jun 16 03:50 PM

India will impose higher retaliatory tariffs on 28 US products including almonds, apples and walnuts from Sunday, following Washington's withdrawal of key trade privileges for New Delhi. Read more »

Business groups pledge aid for Pinoy fishers rammed by Chinese

ABS-CBN News
Jun 16 03:10 PM

Several business groups on Sunday pledged to help Filipino fishermen whose boat was hit and sunk by a Chinese vessel in the West Philippine Sea. Read more »

No Boracay-style closures this year as DOT eyes arrivals boost

ABS-CBN News
Jun 16 02:42 PM

The Department of Tourism is expecting tourist arrivals to further increase this year as it rehabilitates some of the top tourist sites of the country. Read more »

Regulators freeze P100-M in Kapa Ministry assets

ABS-CBN News
Jun 16 02:24 PM

The Securities and Exchange Commission (SEC) said it has secured more than P100 million worth of assets linked to Kapa Community Ministry International under a freeze order issued by the Court of Appeals. Read more »

#WalangKuryente: Power interruption sa Luzon sa Hunyo 17-23

ABS-CBN News
Jun 16 12:31 PM

Inanunsiyo ng Meralco na mawawalan ng kuryente sa ilang lugar sa Metro Manila, Batangas, Cavite at Laguna ngayong linggo. Read more »

US Fed leans toward a cut; don't expect one this week

Douglas Gillison, Agence France-Presse
Jun 16 10:44 AM

As President Donald Trump's trade wars drag on, and the global economy weakens, the US Federal Reserve is inching closer to its first interest rate cut in more than a decade. Read more »

American paradox: Deficit widens even as economy grows

Virginie Montet, Agence France-Presse
Jun 16 10:41 AM

President Donald Trump likes to take credit for the US economy, with historic low unemployment and few signs of rising prices, but his promises that surging growth would pay for massive tax cuts are falling flat. Read more »

Japan's anime industry in crisis even as its popularity soars

Sophie Laubie and Fiachra Gibbons, Agence France-Presse
Jun 16 09:19 AM

Japan's booming animation industry is in crisis -- with low pay, long hours and a huge shortage of artists -- just as its global popularity has never been higher.   Read more »

Sanctions proposed for ‘unreasonable’ flight delays: transportation chief

ABS-CBN News
Jun 15 10:30 PM | Updated Jun 16 05:16 PM

The government and several airlines have agreed to carry out sanctions over "unreasonable" flights delays, Transportation Secretary Arthur Tugade said Friday. Read more »

US to launch public hearings on additional China tariffs next week

Reuters
Jun 15 10:27 AM | Updated Jun 15 11:28 AM

WASHINGTON - The US Trade Representative's Office on Monday will kick off 7 days of testimony from US retailers, manufacturers and other businesses about President Donald Trump's plan to hit another $300 billion worth of Chinese goods with tariffs. Read more »

Business Mentor: Time management mistakes that affect your life

Armando Bartolome
Jun 15 08:52 AM

Have you ever felt that 24 hours in a day just aren’t enough for everything that you need to do? When due to lack of time, you failed to beat the deadline and made your superiors furious with you? Or you forgot to attend a very important event? Read more »

Globe Telecom ramps up sustainability efforts

ABS-CBN News
Jun 14 11:11 PM

One of the Philippines’ biggest telco players pushes for sustainability across its operations by transforming its key network infrastructures. Read more »

Tugade: Sangley airport may not totally solve air traffic congestion

ABS-CBN News
Jun 14 11:04 PM

Transportation Secretary Arthur Tugade admits the construction of an airport south of Metro Manila may not totally decongest the country's main gateway. Read more »

PH shares close flat as index dips below 8,000

ABS-CBN News
Jun 14 10:45 PM

Local investors are not bothered by geopolitical tensions but the Philippine Stock Exchange index still dipped below the crucial 8,000 level. Read more »

Shopee asserts: Blackpink promo mechanics did not change

ABS-CBN News
Jun 14 08:24 PM

Online retailer Shopee Philippines asserted on Friday that the tickets of some Blackpink fans were revoked due to a system error, contrary to claims that it changed the mechanics on the last day of the promotion. Read more »

FDA stops Shopee, Lazada from selling medicine online

ABS-CBN News
Jun 14 03:38 PM

The two online markets were asked to "immediately cease and desist from further online selling and offering for sale drug products" until it obtains a license from the FDA, the agency said in a statement. Read more »

Factors that affect the cost of college education

Moneymax
Jun 14 02:44 PM

Have you started saving for your child’s future? If so, are you saving enough? Read more »

Easing of regulations will help boost REITs: Colliers

ABS-CBN News
Jun 14 10:08 AM

More relaxed regulation is key to spurring growth in REITs of real estate investment trusts, Colliers International said Friday. Read more »

Development banks' climate funding at all-time high in 2018

Daphne Psaledakis, Reuters
Jun 14 09:06 AM

The financing from 6 multilateral development banks to boost projects addressing climate risks and cutting emissions reached $43.1 billion in developing countries and emerging economies last year, up 22 percent from the previous year and accounting for almost 30 percent of the banks' total operations. Read more »

World oil prices surge on tanker attacks, stocks rise on Fed rate cut hopes

Sinéad Carew, Reuters
Jun 14 09:00 AM

Wall Street's major stock indexes closed higher after falling for two days as investors regained their appetite for risk assets. Read more »