Business | ABS-CBN News

Most Fed officials say slower rate hike pace appropriate 'soon'

Beiyi Seow, Agence France-Presse
Nov 24 11:28 AM

A majority of US Federal Reserve policymakers found that a slower pace of interest rate hikes would 'likely soon be appropriate.' Read more »

Grinding inflation clouds 'Black Friday' shopping bonanza

John Biers, Agence France-Presse
Nov 24 11:28 AM

On the Black Friday kickoff of the holiday shopping season, one challenge will be finding consumers confident enough to spend. Read more »

Musk sets Twitter poll for 'general amnesty' of suspended accounts

Agence France-Presse
Nov 24 06:01 AM | Updated Nov 24 11:49 AM

New owner Elon Musk on Wednesday polled Twitter users on whether the site should offer a general amnesty to suspended accounts, using the same method he used to handle the case of Donald Trump. Read more »

PH shares climb above 6,500 ahead of Fed minutes

ABS-CBN News
Nov 24 12:09 AM

The Philippine Stock Exchange Index rallied for a second straight day and pierces through a key resistance level. Read more »

Peso strengthens to P56.94 vs US dollar

ABS-CBN News
Nov 23 07:22 PM

The peso has picked up in recent weeks after falling to as low as P59 to the dollar in early October. Read more »

DICT begins accepting tech startup grant applications, up to P1 million for each grant

ABS-CBN News
Nov 23 07:18 PM

It will cater to startups with products or services currently in the Proof of Concept, Prototype, or Minimum Viable Product stages in ICT-enabled sectors, the DICT said. Read more »

Bayer opens biggest ASEAN office in Philippines

Jekki Pascual, ABS-CBN News
Nov 23 06:44 PM

Health and nutrition giant Bayer has opened its newest Philippine headquarters in Taguig, which is also its biggest office in Southeast Asia. Read more »

UNO Digital Bank eyes offering crypto trading on app

Warren de Guzman, ABS-CBN News
Nov 23 06:11 PM

UNO Digital Bank will offer cryptocurrency investments on its app, its top official said on Wednesday, despite the sector’s steep slump following the collapse of global player FTX. Read more »

Hybrid work key for BPOs to create 1.1-M new jobs: group

Joyce Balancio, ABS-CBN News
Nov 23 04:47 PM | Updated Nov 23 04:56 PM

The IT-BPM industry plans to create 1.1 million additional jobs for Filipinos by 2028 and this can be done if the government back hybrid work, an industry group said. Read more »

Prices of noche buena items rise in latest price guide: DTI

Job Manahan, ABS-CBN News
Nov 23 03:03 PM

The DTI reminded consumers they could choose other brands of noche buena items, as the prices of many of these products have increased. Read more »

Salary hikes in 2023? Here's what one survey says

ABS-CBN News
Nov 23 02:43 PM

Many Philippine firms are expected to raise their employees’ salaries next year, as well as hire more staff, according to a survey by a global human resources consultancy firm. Read more »

Protests erupt at largest iPhone factory in China

Agence France-Presse
Nov 23 02:02 PM

Large-scale protests broke out at Foxconn's vast iPhone factory in Zhengzhou, central China, images circulating on Weibo and Twitter showed. Read more »

Price guide sa Noche Buena products inilabas na

ABS-CBN News
Nov 23 12:45 PM | Updated Nov 23 08:35 PM

Naglabas ang Department of Trade and Industry ng price guide sa mga produktong ginagamit sa paggawa ng mga pagkaing pang-Noche Buena. Read more »

Singapore warns slower economic growth in 2023

Agence France Presse
Nov 23 11:53 AM

Singapore warned that economic growth could slow to a trickle next year owing to weakness in key export markets including the United States, Europe and China. Read more »

Southeast Asia seen to gain from China’s COVID measures

ABS-CBN News
Nov 23 11:51 AM

As China continues to implement very strict measures to curb the spread of COVID-19, companies that relied on it have been pushed to look for other sites. Read more »

In US, inflation sparks tough Thanksgiving meal sacrifices

Agence France Presse
Nov 23 11:50 AM

Sandra White normally has turkey for Thanksgiving dinner. But on Thursday, due to soaring inflation, she's going to have fried chicken instead. Read more »

Hewlett Packard plans up to 6,000 job cuts

Agence France-Presse
Nov 23 08:52 AM

PC-maker Hewlett Packard on Tuesday said it would layoff as many as 6,000 employees over the next three years. Read more »

PH shares recover to 6,429

ABS-CBN News
Nov 23 12:35 AM

Philippine shares managed to end in the green on Tuesday even as trading volumes remain thin. Read more »

Diokno set to be replaced as Finance chief?

ABS-CBN News
Nov 23 12:32 AM

Philippine President Ferdinand Marcos Jr. dismisses rumors of the imminent replacement of Finance Secretary Ben Diokno, calling these “fake news”. Read more »

DTI releases price monitoring data on Noche Buena items

Warren de Guzman, ABS-CBN News
Nov 22 11:41 PM

With Noche Buena fast approaching, the Department of Trade has decided to release data it gathered on all staple food items for the holidays. Read more »

Marcos nilinaw na di papalitan ang Finance chief

ABS-CBN News
Nov 22 07:49 PM

Nilinaw ni Marcos na wala siyang balak palitan si Finance Sec. Benjamin Diokno. Read more »

PH books over 2 million int'l arrivals: Tourism chief

Vivienne Gulla, ABS-CBN News
Nov 22 06:54 PM

More than 2 million foreign tourist arrivals have been recorded in the Philippines this year, Tourism Secretary Christina Frasco said Tuesday. Read more »

Global growth to slow amid 'persistent' high inflation: OECD

Agence France-Presse
Nov 22 06:39 PM

World growth is set to slide from 3.1 percent this year to 2.2 percent next year due to high inflation, before rebounding slightly to 2.7 percent in 2024, the OECD said Tuesday. Read more »

Reinvent bureaucracy to adapt to new economy: Marcos

ABS-CBN News
Nov 22 06:29 PM

Marcos said public servants need to keep up with technology to handle new ways of doing business. Read more »

Philippines to hold blockchain awards

ABS-CBN News
Nov 22 05:29 PM

The first Philippine Block Awards will be held next week to honor the men and women behind building the blockchain ecosystem in the country, organizers of the Philippine Blockchain Week said on Tuesday. Read more »