Business | ABS-CBN News

Mobile number portability to start on Sept. 30: Here's what you need to know

Jessica Fenol, ABS-CBN News
Jul 22 03:01 PM

Mobile number portability will allow telco subscribers to switch service providers without having to change mobile numbers, representatives of the 3 major telco players said in a rare joint press conference Thursday. Read more »

DOLE to release guidelines on riders and delivery apps

ABS-CBN News
Jul 22 01:42 PM | Updated Jul 22 03:01 PM

The Department of Labor and Employment (DOLE) is set to issue an advisory that would cover the novel business arrangement involving riders and delivery apps. Read more »

Coca-Cola leans on early pandemic lessons to prepare for Delta variant hit

Uday Sampath Kumar, Reuters
Jul 22 01:11 PM

Coca-Cola Co will rely on its pandemic-tested strategy of focusing on bigger brands and doubling down on its supply chain to combat a potential impact from the Delta variant of the coronavirus, its finance chief said on Wednesday.  Read more »

Oil climbs over 4 percent despite rise in US inventories

Stephanie Kelly, Reuters
Jul 22 12:39 PM

Oil prices rose more than 4 percent Wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in US oil inventories. Read more »

ADB keeps PH growth outlook; cites Delta variant as risk to recovery

ABS-CBN News
Jul 22 11:34 AM

The Asian Development Bank has kept its growth outlook for the Philippines despite the downgrade in developing Asia, due to the improved economic measures and its COVID-19 containment plans, its chief economist said Thursday. Read more »

Beijing blasts Tencent, Alibaba and others for ‘soft child porn’ sticker packs

South China Morning Post
Jul 22 10:56 AM

Tencent Holdings and Alibaba Group Holding are among several tech companies on the receiving end of a lecture by the increasingly powerful Cyberspace Administration of China (CAC) for allowing "soft child porn" emoji stickers to spread on their platforms and using "sexually suggestive underage" short videos to lure clicks. Read more »

Social audio app Clubhouse is no longer invite-only

Reuters
Jul 22 09:38 AM

Live audio app Clubhouse has removed its invite system so that anyone can join the platform, it said on Wednesday. Read more »

Apple to upgrade budget handset to 5G, drop iPhone Mini from 2022 lineup: Nikkei

Reuters
Jul 22 09:38 AM

Apple Inc's cheapest handset will support 5G technology in its next iteration and its iPhone Mini will not be included in its 2022 lineup, Nikkei reported on Wednesday, citing sources familiar with the matter.   Read more »

MGM resorts, Orix submit proposal to build first casino in Japan

Reuters
Jul 22 08:40 AM

US Casino operator MGM Resorts International and partner Orix Corp have submitted a proposal to build their first casino resort in Japan, the financial services group said on Wednesday. Read more »

Johnson & Johnson forecasts $2.5 billion in 2021 COVID-19 vaccine sales, sets lower production target

Manas Mishra and Carl O'Donnell, Reuters
Jul 22 08:27 AM

Johnson & Johnson on Wednesday forecast $2.5 billion in 2021 sales for its COVID-19 shot and set a lower production target for the vaccine as lengthy manufacturing problems took a toll. Read more »

Tesla will 'most likely' restart accepting bitcoin as payments, says Musk

Noor Zainab Hussain and Nivedita Balu, Reuters
Jul 22 07:11 AM

Electric-car maker Tesla Inc will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency, Chief Executive Officer Elon Musk said at a conference on Wednesday.  Read more »

PH shares fall as Delta variant worries overshadow bargain hunting

ABS-CBN News
Jul 21 11:56 PM

Philippine shares resumed their losing streak after the Eid Al Adha break. Read more »

Smart partners with PayMaya for 'seamless payments' on telco's app

ABS-CBN News
Jul 21 09:49 PM

PLDT-Smart said its GigaLife app, which lets subscribers buy load, pay their phone bills and check on the telco’s promos, is now better integrated with Paymaya through the app’s GigaPay feature.  Read more »

DTI pushes for more budget, support for product-testing facilities

Bruce Rodriguez, ABS-CBN News
Jul 21 09:32 PM

The Department of Trade and Industry is pushing for more budget and support to boost the country's product testing capability in a bid to promote consumer protection and investments in various manufacturing sectors. Read more »

Forbes China names Jack Ma as country’s most generous entrepreneur in 2020

South China Morning Post
Jul 21 08:10 PM

Jack Ma, founder of e-commerce giant Alibaba Group Holding, was the most generous Chinese entrepreneur last year, according to the latest Forbes China list published on Tuesday. Read more »

Apple to upgrade budget handset to 5G, drop iPhone Mini from 2022 lineup - report

Reuters
Jul 21 08:03 PM

Apple Inc's cheapest handset will support 5G technology in its next iteration and its iPhone Mini will not be included in its 2022 lineup, Nikkei reported on Wednesday, citing sources familiar with the matter. Read more »

Private sector vaccination seen pushing 'micro-herd' immunity amid Delta variant

ABS-CBN News
Jul 21 07:13 PM

MANILA - Presidential Adviser for Entrepreneurship Joey Concepcion on Wednesday said a micro-herd immunity approach in the COVID-19 vaccine rollout for the private sector would ensure protection for employees amid the threat of the more highly transmissible Delta variant. Read more »

Banks still 'upbeat' but expect bad loans to remain high: BSP

ABS-CBN News
Jul 21 07:02 PM

The Bangko Sentral ng Pilipinas said Wednesday the banking industry remains optimistic despite forecasting the bad loan ratio remaining high in the short term. Read more »

Job market quality hasn't recovered despite lower unemployment: jobs app founder

Warren de Guzman, ABS-CBN News
Jul 21 05:30 PM

The Philippine job market has not fully recovered from the impact of the COVID-19 pandemic despite pronouncements from the government that employment figures are now near pre-pandemic levels, the founder of a job search app said on Wednesday.  Read more »

Do you need an Acts of God coverage for your car?

Moneymax.ph
Jul 21 04:44 PM

You can protect yourself from the cost of damage to your vehicle with an Acts of God coverage. Alamin kung ano ito at bakit ito kailangan.  Read more »

DTI kumambyo: Taas-presyo sa pangunahing bilihin di pa aprubado

ABS-CBN News
Jul 21 04:27 PM | Updated Jul 21 07:58 PM

Binawi ngayong Miyerkoles ng Department of Trade and Industry ang naunang pahayag nito na aprubado na ang dagdag-presyo sa mga pangunahing bilihin.   Read more »

Peso 'abrupt appreciation' likely a pricing feed error: BSP Gov. Diokno

ABS-CBN News
Jul 21 03:13 PM

The Bangko Sentral ng Pilipinas said the abrupt peso appreciation is likely a pricing feed error, following reports of a sudden change in the Peso and US Dollar Exchange rate for a brief period on late Tuesday. Read more »

Labor chief asks Duterte to certify 'Endo' bill as urgent

Pia Gutierrez, ABS-CBN News
Jul 21 03:01 PM | Updated Jul 21 03:40 PM

Labor Secretary Silvestre Bello III said Wednesday he asked President Rodrigo Duterte to certify as urgent a bill that seeks to end labor contractualization. Read more »

Group launches drive vs unlicensed software, warns of malware threats

Jessica Fenol, ABS-CBN News
Jul 21 02:44 PM

Using licensed software is "crucial" not just to produce safe and quality content but also to protect firms from potential malware, ransomware and other cyber attacks, BSA said. Read more »

'Due process,' giit ng grupo ng tinanggalan ng access ng Foodpanda ng 10 taon

ABS-CBN News
Jul 21 02:38 PM

MAYNILA - Nakatakdang makipagpulong ang riders at ang food delivery service na Foodpanda sa Department of Labor and Employment para talakayin ang kanilang mga hinaing laban sa management ng app matapos tanggalan ng access at suspendihin ang ilan sa kanila ng 10 taon. Read more »