Business | ABS-CBN News

Bangko Sentral pauses interest rate cuts

ABS-CBN News
Nov 14 04:08 PM

The overnight borrowing rate, used by banks to price loans was kept at 4 percent. The Monetary Board last cut the benchmark by 25 basis points last Sept. 26, for a total of 75 basis points this year. Read more »

WeWork hit with big loss despite revenue jump: reports

Agence France-Presse
Nov 14 03:22 PM

The firm has suffered a dramatic reversal in fortunes since its $47 billion valuation at the start of the year. Read more »

Taiwan halts sales of 3 Huawei phones in wording row

Agence France-Presse
Nov 14 03:17 PM

Taiwan has suspended sales of three Huawei smartphone models that listed it as "Taiwan, China" for timezones and contacts -- a designation the self-ruled, democratic island bristles at.  Read more »

LIST: 100 projects under revised 'Build, Build, Build'

Warren de Guzman, ABS-CBN News
Nov 14 01:07 PM | Updated Nov 15 05:22 PM

(UPDATE) This includes the first phase of Metro Manila's first ever subway the New Manila International Airport, the renovation of the Ninoy Aquino and Davao International Airports and Sangley Airport in Cavite. Read more »

Hello Moto: Razr flip phone gets Android rebirth

ABS-CBN News
Nov 14 12:45 PM

The 2019 Motorola Razr folds out into a smartphone with a 6.2-inch screen, unlike Samsung's Galaxy Fold and Huawei's Mate X, which are designed as phones that unfold into a tablet computer. Read more »

Sahod ng mga empleyadong 'work from home' pareho pa rin: labor group

ABS-CBN News
Nov 14 11:46 AM | Updated Nov 14 02:23 PM

Ayon sa Associated Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP), may mutual agreement kasi dapat ang mga manggagawa at employers sa kanilang magiging work arrangement.  Read more »

Presyo ng ilang gulay, isda, manok tumaas

ABS-CBN News
Nov 14 11:25 AM | Updated Nov 14 12:15 PM

Tumaas ang presyo ng manok, maging ng ilang gulay at isda habang bumaba ang presyo ng baboy sa Muñoz Market sa Quezon City.  Read more »

Should people be paid for sharing their personal data online?

Umberto Bacchi, Thomson Reuters Foundation
Nov 14 11:24 AM

From tagging photos on Facebook to driving with Google Maps, people should join forces in "data unions" to demand payment for letting online tools collect their data, according to an economist advocating for radical reforms to improve society. Read more »

Biggest '11-11' shopping cart on Lazada PH worth P1.2 million

ABS-CBN News
Nov 14 11:22 AM | Updated Nov 18 01:55 PM

Lazada said 1,141 sellers each tallied at least P1 million in sales, making them millionaires. It did not disclose the total value of goods sold during the 24-hour event, which was matched by rival Shopee. Read more »

Japan's economy nearly stalls in Q3 as trade war bites

Leika Kihara and Tetsushi Kajimoto, Reuters
Nov 14 10:39 AM

The world's third-largest economy grew an annualized 0.2 percent in the third quarter, slowing sharply from a revised 1.8 percent expansion in April-June, preliminary gross domestic product (GDP) data released by the government showed on Thursday. Read more »

Ayala Corp readies biggest Filipino investment in Myanmar, partners with Yoma Group

ABS-CBN News
Nov 14 09:56 AM | Updated Nov 14 10:22 AM

The Yoma Group, composed of two holding firms listed in Singapore and Myanmar, will sell a maximum 20 percent to Ayala, the Filipino firm told the stock exchange, calling it a "milestone international transaction." Read more »

Jollibee to 'expand and operate' Tim Ho Wan in China

ABS-CBN News
Nov 14 09:12 AM | Updated Nov 14 09:17 AM

The Philippines' largest fast food operator said its unit, Golden Plate Pte Ltd, would account for $7.8 million (P397 million) of the total $13 million investment in the joint venture, while the rest will be shouldered by its partner, Dim Sum Pte Ltd. Read more »

Check by Google: Internet giant wants to make banking smart

Stacy Cowley and Tara Siegel Bernard, The New York Times
Nov 14 08:10 AM

Google is teaming up with two banks, Citigroup and the Stanford Federal Credit Union, to begin offering a “smart checking” account next year. What fancy new features will “smart checking” include? The search giant isn’t sure. Neither are its partners. Read more »

McFlurry lids to go in Europe as McDonald's moves away from plastic

Agence France-Presse
Nov 14 07:57 AM

Fast food giant McDonald's is speeding up its move to minimize the use of plastic in its restaurants in Europe, where legislation on single-use items is becoming increasingly restrictive. Read more »

Steve Jobs was right: Smartphones and tablets killed the PC

Farhad Manjoo, The New York Times
Nov 14 07:54 AM

Apple unveiled a new 16-inch MacBook with a revamped keyboard on Wednesday, good news for the many Apple lovers who’ve been grumbling about the company’s lackluster slate of recent Macs. Read more »

Browsing your phone while walking? Here’s how to break that awful habit

Brian X. Chen, The New York Times
Nov 14 07:52 AM

People are, by nature, information-seeking creatures. When we regularly check our phones, we are snacking on information from devices that offer an all-you-can-eat buffet of information. Read more »

Apple Watch detects irregular heartbeats in US study

Julie Steenhuysen, Reuters
Nov 14 07:36 AM

Apple Inc's Heart study, the largest yet to explore the role of wearable devices in identifying potential heart problems, found the device could accurately detect atrial fibrillation, the most common type of irregular heartbeat, US researchers reported on Wednesday.  Read more »

World stocks, bond yields slip on sour trade deal sentiment

Herbert Lash, Reuters
Nov 14 07:30 AM

The day after US President Donald Trump warned Washington would raise tariffs on Chinese goods "very substantially" without a deal, trade uncertainty pushed investors to park funds in safe havens. This boosted gold prices as well as the Swiss franc, Japanese yen and government debt. Read more »

Trump threat of more China tariffs could hit consumer goods before Christmas

Andrea Shalal, Reuters
Nov 14 07:28 AM

US President Donald Trump's threat to jack up US tariffs on Chinese goods if the world's two largest economies fail to reach a trade deal could raise the price of cellphones, laptops, and toys less than 2 weeks before Christmas.   Read more »

Facebook nixes billions of fake accounts

Glenn Chapman, Agence France-Presse
Nov 14 06:21 AM

SAN FRANCISCO, United States—Facebook on Wednesday said it has taken down some 5.4 billion fake accounts this year in a sign of the persistent battle on social media against manipulation and misinformation. Read more »

Disney+ streaming service gets 10 million subscribers at launch

Rob Lever, Agence France-Presse
Nov 14 06:21 AM

WASHINGTON, United States—Walt Disney Co.'s new streaming television service Disney+ got off to a roaring start by signing up 10 million subscribers on its first day, the company announced Wednesday. Read more »

DOF: Rice Tariffication Law tuloy pa rin

ABS-CBN News
Nov 14 12:23 AM

Ayon sa isang ulat, posibleng maungusan na ng Pilipinas ang China sa dami ng aangkating bigas. Read more »

Government defends Duterte admin’s massive infrastructure push

ABS-CBN News
Nov 13 11:47 PM

The Duterte administration defended its massive infrastructure program, saying 38 out of the 100 infrastructure projects on its list will be completed by 2022.  Read more »

Alibaba to spend more on travel, entertainment after $13.4 billion listing

Scott Murdoch and Jennifer Hughes, Reuters
Nov 13 09:42 PM

Alibaba also plans to spend more on developing Youku, which the company says is one of the leading online video platforms in China. Read more »

Gov't expands infra project list to 100, insists program 'absolutely not' a failure

Pia Gutierrez, ABS-CBN News
Nov 13 06:18 PM

President Rodrigo Duterte’s administration has officially revised the list of flagship infrastructure projects under its Build Build Build program deferring some items which were deemed “not feasible,” an official said Wednesday.  Read more »