News

'Mandatory 14th-month pay maaaring makasama pa sa ekonomiya'

ABS-CBN News
Oct 09 09:36 PM

Maaaring makasama pa raw para sa mga negosyo at sa ekonomiya ang pagsasabatas ng mandatory na pagbibigay ng mga kompanya ng 14th-month bonus sa kanilang mga empleyado. Read more »

Duterte on suspending fuel tax: 'Maybe'

Dharel Placido, ABS-CBN News
Oct 09 08:56 PM

MANILA - President Rodrigo Duterte on Tuesday said he may be open to suspending the excise tax on oil amid the soaring price of crude in the world market, which has contributed to the country’s quickening inflation. Read more »

Insurance for the jobless: SSS says proposal got bicam nod

ABS-CBN News
Oct 09 08:12 PM | Updated Oct 09 08:41 PM

Workers who unexpectedly lose their jobs will be able to claim jobless benefits from the Social Security System under a proposed bill which seeks to amend the pension fund's charter and strengthen its finances.  Read more »

BPO industry to hold 'Awareness Fair' amid looming automation shift

ABS-CBN News
Oct 09 08:03 PM

MANILA - Business process outsourcing (BPO) companies, information technology firms and experts will converge next month for an "awareness fair" to encourage more Filipinos to join the BPO sector amid an ongoing shift to automation, industry officials said Tuesday. Read more »

Motorcycle service 'Angkas' benefits from high fuel costs, heavy traffic

ABS-CBN News
Oct 09 05:06 PM | Updated Oct 09 06:00 PM

Angkas CEO, Singaporean national Angeline Tham said people who would not normally choose to ride motorcycles have become more receptive to commuting by motorbike.  Read more »

Fitbit, health trackers spur health BPO growth

Katrina Domingo, ABS-CBN News
Oct 09 04:28 PM | Updated Oct 09 11:40 PM

The popularity of Fitbit watches and other personal health monitor gadgets are driving the demand for health information management workers in the Philippines, an industry expert said Tuesday. Read more »

What does 10,000,000 percent inflation look like? See Venezuela

Heather Scott, Agence France-Presse
Oct 09 03:14 PM

After seeing prices surge an already-unthinkable 1,000 percent last year, hyperinflation in Venezuela's imploding economy is set to hit nearly 1.4 million percent this year, the International Monetary Fund forecast in its World Economic Outlook released Monday. Read more »

My Puhunan: Halo-halo with a twist

ABS-CBN News
Oct 09 03:13 PM

Tikman ang naiibang halo-halo ng La Union. Read more »

How Vicki Belo is dealing with price spikes

Katrina Domingo, ABS-CBN News
Oct 09 12:32 PM

Imported materials have become more costly, along with fragrances and packaging materials. Higher fuel prices have also padded delivery costs, Belo told ABS-CBN News. Read more »

Some doctors raise fees to offset price spikes: hospital group

ABS-CBN News
Oct 09 11:43 AM | Updated Oct 09 01:36 PM

Doctors' professional fees have increased due to the spike in the prices of basic goods, the president of a medical organization said Tuesday. Read more »

IMF cuts global growth forecast as risks rise

Heather Scott, Agence France-Presse
Oct 09 11:11 AM

The revised estimates includes a worsening outlook for developing economies this year and next compared to the July report, as well as downgrades for the US and China in 2019. Read more »

Gov't eyes margin caps on chicken, pork: trade official

Warren de Guzman, ABS-CBN News
Oct 09 11:09 AM | Updated Oct 09 11:28 PM

The margin on chicken cannot exceed P50 on top of farm gate prices, while the cap was set at P70 for pork. These will be implemented as suggested retail prices, said Trade Undersecretary Ruth Castello. Read more »

DOF: Dubai crude price average in Q4 to determine fate of excise tax hike

ABS-CBN News
Oct 09 10:32 AM

The first tranche of tax reforms set an $80 per barrel threshold for the automatic suspension of further excise duty increases. The price of Dubai crude recently hit that level. Read more »

Jeepney drivers get 3-year window to modernize units

ABS-CBN News
Oct 09 10:10 AM

There will be no phaseout for thousands of old jeepneys in March 2019, as earlier feared by public transport groups, the Department of Transportation said Tuesday.   Read more »

Still singing 'Paraiso,' ex-Smokey Mountain star settles into gov't role

ABS-CBN News
Oct 09 09:43 AM

The song, one of the signature hits of the 90s quartet, was written from the perspective of someone who found dignity after having lived in a garbage dump.   Read more »

PH to be a 'high-middle-income' country by 2019: DOF exec

ABS-CBN News
Oct 09 09:43 AM

The Philippines would be an upper-middle income country by next year if it stays on its course, an official of the Department of Finance said Tuesday. Read more »

Airbus picks planes boss as next CEO to end uncertainty

Tim Hepher, Reuters
Oct 09 08:22 AM

The announcement came after the board brought forward discussions on the handover amid a growing leadership vacuum in the wake of a series of management departures, internal and external graft probes and the pre-announced exit of the current CEO. Read more »

Global markets sag on China, Italy, US rate concerns

Agence France-Presse
Oct 09 08:19 AM

Analysts said US-China trade tensions remained at the forefront following a testy public interaction between Chinese Foreign Minister Wang Yi and US Secretary of State Mike Pompeo in Beijing. Read more »

US 'green growth' pair win Nobel Economics Prize

Pia Ohlin, Agence France-Presse
Oct 09 08:09 AM

Working independently, the winners addressed "some of our time's most basic and pressing questions about how we create long-term sustained and sustainable growth," the Royal Swedish Academy of Sciences said. Read more »

Third telco search attracts 5 bidders so far

ABS-CBN News
Oct 09 08:05 AM | Updated Oct 09 08:06 AM

Five companies have acquired bid documents after the government opened its selection process for the country's third major telecommunications company, the Department of Information and Communications Technology said Tuesday.  Read more »

Google+ social site shutting down after user data exposed

Reuters
Oct 09 02:31 AM

Google will shut down the consumer version of its social network Google+ after announcing data from up to 500,000 users may have been exposed to external developers by a bug that was present for more than two years in its systems. Read more »

Senate delays passage of 'TRABAHO' bill pending review on jobs impact

ABS-CBN News
Oct 08 11:58 PM

The Duterte administration's second tax reform package faces more delays as government agencies work to shed more light on the measure's possible effect on employment.  Read more »

PH shares give up gains, close back to 7,000

ABS-CBN News
Oct 08 11:56 PM

Philippine shares were the bright spots in Asia, which has been dragged by a sell-off in Chinese stocks.  Read more »

Fuel prices rise for 9th straight week

ABS-CBN News
Oct 08 11:47 PM

In the midst of rising fuel prices, transport groups urge government to raise jeepney fares.  Read more »

Facebook debuts smart speaker for Messenger video calls

Paresh Dave, Reuters
Oct 08 09:22 PM

Facebook Inc on Monday released a smart speaker designed to ease video calls, but the company's history of privacy mishaps and the device's price and limited functionality could slow it from taking on market leaders Amazon.com Inc and Alphabet Inc's Google. Read more »