News

Chinese electric carmaker Byton raises $500 million to take on Tesla

Agence France-Presse
Jun 12 07:12 AM

China-based electric car startup Byton has raised $500 million as it ramps up efforts to take on rivals like Tesla. Read more »

Presyo ng gulay at isda, tumaas dahil sa masamang panahon

ABS-CBN News
Jun 12 03:20 AM

Kung may rollback sa petrolyo, sumipa naman ang presyo ng gulay, isda, at baboy sa ilang pamilihan dahil sa ilang araw na pag-ulan. Read more »

Asian markets cautiously higher ahead of Trump-Kim summit

ABS-CBN News
Jun 12 12:57 AM

Philippine shares kick off this truncated trading week in positive territory as investors in Asia eagerly awaited the summit between the United States and North Korea.  Read more »

DTI says prepared for global trade tensions

ABS-CBN News
Jun 12 12:54 AM

The Department of Trade and Industry said it is prepared to take action to lessen the impact of a global trade war after the G7 summit in Canada over the weekend failed to resolve the tariff dispute between the US and other nations. Read more »

Some OFW families say rising inflation offsets benefit of weak peso

ABS-CBN News
Jun 12 12:50 AM

As the peso keeps its place among the worst performing currencies in the region, some OFW families say they barely feel the benefits of a weak local currency as inflation continues to rise. Read more »

'Palitan ng piso vs dolyar, maaaring umabot sa P53'

ABS-CBN News
Jun 11 11:15 PM

Nitong Lunes, nagsara sa pinakamababang antas nito sa loob ng 12 taon ang halaga ng piso kontra dolyar. Read more »

Malaysia wants to be friendly, not indebted, to China, says Mahathir

Elaine Lies, Reuters
Jun 11 10:32 PM

Malaysian Prime Minister Mahathir Mohamad said on Monday his country will remain friendly with China, which invested billions of dollars during the previous Najib Razak government, but will not be "indebted to China". Read more »

New Tesla software to offer 'full' autonomy, Musk says

Agence France-Presse
Jun 11 10:30 PM

An update to Tesla's Autopilot software coming in August will enable "full self-driving features" for the automaker's electric cars, chief executive Elon Musk says.   Read more »

Cryptocurrency market consolidating, says PDAX CEO

ABS-CBN News
Jun 11 08:18 PM

Bitcoin's fall from a dizzying exchange rate of 1 to $19,000 in December last year to around $7,000 today should be seen a "consolidation," one of the founders of a new cryptocurrency exchange said on Monday. Read more »

Suggested retail price ng mga de lata, tumaas

ABS-CBN News
Jun 11 08:13 PM

Nagkaroon ng P0.50 hanggang P0.90 na pagtaas sa suggested retail price o SRP ng mga produktong de lata sa mga pamilihan nitong Hunyo.   Read more »

Mahathir floats new Malaysia car project

Agence France-Presse
Jun 11 07:59 PM

Malaysia's newly elected Prime Minister Mahathir Mohamad on Monday floated the possibility of a national car project, despite the problems of a similar endeavor started during his previous term decades ago. Read more »

FDI net inflows up 43.5 pct in first quarter

ABS-CBN News
Jun 11 07:52 PM

This brought the total FDI net inflow in the first three months of the year to $2.2 billion. Read more »

LTFRB gets 'full authority' to regulate TNCs, TNVS

ABS-CBN News
Jun 11 07:23 PM | Updated Jun 11 07:24 PM

The DOTr on Monday said it has signed a Department Order giving the LTFRB the full authority to regulate and supervise transport network companies and vehicle services. Read more »

Rising prices unlikely to stir unrest against Duterte: analyst

ABS-CBN News
Jun 11 05:30 PM

More expensive rice is hitting lower income groups who are not likely to hold protests, said Bob Herrera-Lim, Southeast Asia managing director of consultancy firm Teneo Holdings.  Read more »

Pepsi deep well pumps in Muntinlupa shuttered

ABS-CBN News
Jun 11 05:02 PM | Updated Jun 11 11:03 PM

(UPDATED) Authorities shut down 6 deep well pumps of softdrinks maker Pepsi Cola Products Philippines due to alleged ill effects to the environment. Read more »

Gov't working on 'strong' third telco selection rules

ABS-CBN News
Jun 11 04:36 PM

The government is strengthening draft rules for the selection of the third telecommunications player, after the head of President Rodrigo Duterte's economic team described a portion of the guidelines as "weak," an official overseeing the search said Monday. Read more »

Bye YM: Yahoo Messenger shutting down

ABS-CBN News
Jun 11 04:31 PM

MANILA - Yahoo Messenger, one of the first instant messaging service, is shutting down on July 17. Read more »

Ant Financial raises $14 billion in world's largest single fundraising

Adam Jourdan and Cate Cadell, Reuters
Jun 11 04:14 PM

Ant Financial Services Group, operator of China's biggest online payment platform, on Friday said it raised around $14 billion in what market watchers called the biggest-ever single fundraising globally by a private company. Read more »

Peso nears 53 vs $1, economic managers not worried

ABS-CBN News
Jun 11 04:11 PM | Updated Jun 11 09:22 PM

The peso hovered near the P53 to the dollar level, holding at its lowest level in 12 years, but economic managers said they were not worried. Read more »

Skyjet, CebGo cancel flights between Manila, Batanes

ABS-CBN News
Jun 11 03:31 PM

Several flights between Manila and Batanes on Monday were cancelled due to bad weather, the Manila International Airport Authority said. Read more »

Cryptocurrencies tumble after South Korea hack

Agence France-Presse
Jun 11 03:28 PM

Cryptocurrencies plunged in Asia on Monday after a hack on a South Korean exchange sparked fresh concerns about the safety of the digital units. Read more »

Presyo ng langis, mababawasan simula Martes

ABS-CBN News
Jun 11 03:01 PM | Updated Jun 11 05:40 PM

Nag-anunsiyo ang ilang kompanya ng langis nitong Lunes na magkakaroon ng bawas sa singil ng kanilang mga produkto simula Martes. Read more »

'Fair trade, fool trade', Trump vents anger on NATO allies, EU, Trudeau

Matt Spetalnick, Reuters
Jun 11 01:48 PM

US President Donald Trump fired off a volley of tweets on Monday venting anger on NATO allies, the European Union and Canadian Prime Minister Justin Trudeau in the wake of a divisive G7 meeting over the weekend. Read more »

Gov't employees among the 'happiest' at work: Jobstreet

ABS-CBN News
Jun 11 01:42 PM

Government employees emerged as one of the happiest in 2017, alongside hospitality and restaurant workers, according to a survey conducted by recruitment portal Jobstreet.  Read more »

GERI to build new residential complex in Ortigas

ABS-CBN News
Jun 11 11:58 AM

Megaworld Corp’s subsidiary Global-Estate Resorts Inc (GERI) said it is launching a new residential development in its Renaissance complex in Pasig City that will cater to the young workforce and start-up families. Read more »