News

Ex-Nissan chief Ghosn set to be charged, face new allegations

Shingo Ito, Agence France-Presse
Dec 10 11:51 AM

In a fall from grace that stunned the business world, former Nissan chairman Carlos Ghosn was arrested on November 19 on suspicion of under-declaring his income by some 5 billion yen ($44 million) between 2010 and 2015. Read more »

Filipino English teachers wanted: Firm seeks to hire thousands

ABS-CBN News
Dec 10 11:46 AM | Updated Dec 10 04:00 PM

The US-listed 51Talk currently employs 18,000 online English teachers, of which, 16,000 are Filipino, said its founder and CEO Jack Huang.  Read more »

How gov't, business can use blockchain for transparency

ABS-CBN News
Dec 10 10:22 AM

Aside from cryptocurrency exchanges, blockchain can also be used in critical business and financial transactions, philanthropy and even elections, Traxion Tech Inc founder and CEO Ann Cuisia told ANC.  Read more »

Huawei arrest stokes fears of China reprisals among US executives

Fanny Potkin and Adam Jourdan, Reuters
Dec 10 09:56 AM

Officials from major US companies voiced concerns about retaliation against American firms and their executives, after a top executive at Chinese tech giant Huawei was arrested in Canada, on Washington's request. Read more »

Megaworld to build tallest residential tower along EDSA-Makati

ABS-CBN News
Dec 10 09:54 AM

Scheduled for completion in 2024, the 57-storey Vion Tower on the corner of EDSA and Roces Avenue will increase Megaworld's inventory of 6,500 residential units in Makati alone, the developer told the stock exchange. Read more »

Road to P1 million: How long does it take to be a millionaire?

Aneth Ng-Lim
Dec 10 08:41 AM | Updated Dec 10 12:18 PM

Who wants to be a millionaire? I’m guessing most would answer yes, judging by the worldwide appeal of a TV show named after this same question, and asks it of contestants everywhere. Read more »

Huawei CFO seeks bail on health concerns; Canada wants her in jail

Anna Mehler Paperny and Ben Blanchard, Reuters
Dec 10 08:22 AM

Huawei Chief Financial Officer Meng Wanzhou is fighting to be released on bail after she was arrested on Dec. 1 in Vancouver at the request of the United States. Read more »

Global stocks extend decline as trade woes batter sentiment

Shinichi Saoshiro, Reuters
Dec 10 08:21 AM

S&P futures were down 0.6 percent and the Dow futures lost 0.7 percent, while Australian stocks declined 0.9 percent. Read more »

Trump did not know of Huawei arrest during Xi dinner: White House official

Agence France-Presse
Dec 10 08:14 AM

White House economic adviser Larry Kudlow denied reports President Donald Trump was "livid" that Huawei's CFO officer was arrested while he was at dinner with Chinese President Xi Jinping. Read more »

China summons US ambassador over Huawei arrest

Laurent Thomet and Delphine Touitou, Agence France-Presse
Dec 10 07:40 AM

China summoned the US ambassador on Sunday to protest the arrest of a top executive from telecom giant Huawei in Canada, as Washington's top trade negotiator rejected suggestions that the case could affect talks aimed at settling a trade war. Read more »

Cebu Pacific launches Cebu-Macau flights

ABS-CBN News
Dec 10 07:00 AM

Cebu Pacific said it would have one roundtrip flight between Cebu and Macau 4 times a week, the airline said in a statement. The route was opened Friday. Read more »

ALAMIN: 'Dagdag-bawas' sa presyo ng petrolyo simula Martes

ABS-CBN News
Dec 09 07:17 PM | Updated Dec 10 01:05 AM

Nag-anunsiyo ang ilang kompanya ng langis na magkakaroon sila ng dagdag sa presyo ng kanilang gasolina at bawas sa presyo ng diesel at kerosene simula Martes, Disyembre 11. Read more »

#WalangKuryente: Power interruption sa Luzon sa Disyembre 10-16

ABS-CBN News
Dec 09 01:26 PM

Nag-abiso ang Manila Electric Company na mawawalan ng kuryente ngayong linggo ang ilang lugar sa Luzon. Read more »

Airport authorities brace for holiday rush

ABS-CBN News
Dec 09 11:28 AM

The Philippines' major airports are ready for the annual influx of passengers during the Christmas holidays, the Civil Aviation Authority of the Philippines (CAAP) said Sunday.  Read more »

Fuel excise tax sa 2019, baka magdulot ng mga taas-presyo: grupo

ABS-CBN News
Dec 08 08:19 PM

Hamon ng isang grupo, dapat ipakita ng pamahalaan na ginagamit ang buwis sa langis sa pagpapagawa ng mga impraestruktura. Read more »

ALAMIN: Galaw sa presyo ng petrolyo sa susunod na linggo

ABS-CBN News
Dec 08 07:22 PM

Tuloy pa rin ang serye ng rollback sa diesel at kerosene pero magkakaroon naman ng oil price hike sa gasolina simula sa susunod na linggo.   Read more »

Huawei arrest stokes fears of China reprisals among America Inc. execs

Fanny Potkin and Adam Jourdan, Reuters
Dec 08 05:40 PM

At a closed-door security meeting of US companies in Singapore on Thursday, one topic was high on the agenda: the arrest of a top executive at Chinese tech giant Huawei and the potential backlash on American firms operating in China. Read more »

Uber makes confidential filing for long-awaited IPO

Reuters
Dec 08 02:08 PM

Uber Technologies Inc has filed paperwork for an initial public offering, according to 3 people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial companies in Silicon Valley. Read more »

Business Mentor: Developing An Entrepreneur’s Legacy

Armando Bartolome
Dec 08 09:08 AM

Apart from earning from a business, many entrepreneurs also want to leave a lasting legacy. Read more »

Filipina ends up a successful engineer in her journey as global Filipino

Carissa Villacorta, PHTimeIsNow
Dec 08 08:31 AM | Updated Dec 08 06:29 PM

A Filipina leads the team behind the quality of video streaming in Netflix. How did she get there? Learn about her story.  Read more »

US Fed on quest for unicorn of monetary policy: the soft landing

Heather Scott, Agence France-Presse
Dec 08 08:26 AM

The Federal Reserve's job might seem simple: the economy is closing in on the longest period of growth in recorded history, with unemployment at the lowest in nearly 50 years and inflation right on target at two percent. Read more »

Global shares mixed as trade worries loom; oil surges

Hilary Russ, Reuters
Dec 08 08:17 AM

While Europe was higher on the day with a small recovery after 3 sessions of heavy losses, the trade standoff between Washington and Beijing was still a major lingering worry for investors. Read more »

US accuses Huawei CFO of Iran sanctions cover-up

Julie Gordon and Steve Stecklow, Reuters
Dec 08 08:09 AM

The case against Meng Wanzhou, who is also the daughter of the founder of Huawei, stems from a 2013 Reuters report about the company's close ties to Hong Kong-based Skycom Tech Co Ltd, which attempted to sell US equipment to Iran despite US and European Union bans, the prosecutor told a Vancouver court. Read more »

PH shares tumble back to 7,400

ABS-CBN News
Dec 07 11:19 PM

Philippine shares skipped a regional relief rally, falling back to the 7,400 in Friday trade. Read more »

Nissan to recall 150,000 cars due to improper checks

Agence France-Presse
Dec 07 07:53 PM

TOKYO - Nissan Friday announced plans to recall approximately 150,000 vehicles owing to improper tests on new units, dealing a fresh blow to the Japanese car giant following the shock arrest of former chairman Carlos Ghosn. Read more »