Business | ABS-CBN News

Oh no, not another destination wedding

Aneth Ng-Lim
Jun 10 04:05 PM | Updated Jun 10 04:06 PM

Destination weddings may sound romantic and fun, but not always for the couple, and their family and friends. Wedding organizers may get headaches from it too, but they are paid for their services so I am not counting them here. Read more »

Grab drivers' group warns of higher surge fare with deactivation of units

ABS-CBN News
Jun 10 02:34 PM

Surge rates will rise if Grab pushes through with its plan to deactivate 8000 "unaccredited" units, a group of drivers who use hatchback cars for the ride-sharing platform said on Monday.  Read more »

Higit P2 kada litrong bawas-presyo sa petrolyo ipatutupad sa Martes

ABS-CBN News
Jun 10 12:47 PM | Updated Jun 10 07:34 PM

Magkakaroon ng higit P2 kada litrong bawas sa presyo ng mga produkong petrolyo simula Martes, Hunyo 11. Read more »

Conference to highlight Asia's global startup leadership

Ignite 2019
Jun 10 12:46 PM

How does Asia fare in leading the global startup space? Read more »

Pressure mounts on aviation industry over climate change

Sonia Wolf and Martin Abbugao, Agence France-Presse
Jun 10 11:59 AM

The industry has been under fire over its carbon emissions, which at 285 grams of CO2 emitted per kilometre travelled by a passenger far exceed all other modes of transport. Read more »

Acer Philippines unshaken by trade war

ABS-CBN News
Jun 10 10:57 AM

Demand from the provinces and the local market's appetite for gaming laptops is helping drive sales, Wong told ANC's Market Edge. The Taiwanese giant can hold off price increases should the peso stay at current levels against the dollar. Read more »

US stock futures, Asian shares gain as Mexico tariffs averted

Hideyuki Sano, Reuters
Jun 10 10:52 AM

But relief was widespread, as global investors had feared that opening up another trade conflict, while still battling with China, could tip the United States and other economies into recession. Read more »

Google made $4.7 billion from news industry in 2018: study

Marc Tracy, The New York Times
Jun 10 09:07 AM

The journalists who create that content deserve a cut of that $4.7 billion, said David Chavern, the president and chief executive of the alliance, which represents more than 2,000 newspapers across the country, including The New York Times. Read more »

Wall Street sees Fed rate cut as a when, not an if

Jeanna Smialek, The New York Times
Jun 10 08:48 AM

The big question facing the Fed is when, not whether, to act, as far as investors are concerned. Read more »

Some big tech firms cut employees' access to Huawei, muddying 5G rollout

Paresh Dave and Chris Prentice, Reuters
Jun 10 08:01 AM

Some of the world's biggest tech companies have told their employees to stop talking about technology and technical standards with counterparts at Huawei Technologies Co Ltd in response to the recent US blacklisting of the Chinese tech firm, according to people familiar with the matter.  Read more »

Trump accuses Twitter of gagging conservatives

Agence France-Presse
Jun 10 07:30 AM

US President Donald Trump took to Twitter once again Sunday to accuse the messaging platform of gagging conservative voices -- a "Giant Mistake!" that he said runs counter to freedom of expression.  Read more »

Democrats slam Trump's use of trade threats against ally Mexico

Brian Knowlton, Agence France-Presse
Jun 10 07:11 AM

Democrats on Sunday slammed Donald Trump's tactics of threatening punitive tariffs to extract concessions on immigration from Mexico, saying the US president was recklessly endangering ties to a major ally and trade partner.  Read more »

Trump acting budget chief asks for delay on Huawei restrictions

Reuters
Jun 10 07:02 AM | Updated Jun 10 07:06 AM

The Trump administration's acting budget chief is asking for a delay in restrictions against Huawei Technologies Co Ltd products, according to a letter to Vice President Mike Pence and nine members of Congress.  Read more »

Worsening trade wars pose risk to world economy, says G20

Richard Carter and Hiroshi Hiyama, Agence France-Presse
Jun 09 04:18 PM

The world's top financial policymakers admitted Sunday that "intensifying" trade tensions pose a risk for the global economy, after a G20 meeting that laid bare differences between the United States and other nations. Read more »

G20 agrees to wrap up digital tax by 2020 - final communique

Stanley White and Jan Strupczewski, Reuters
Jun 09 03:25 PM | Updated Jun 10 07:09 AM

Group of 20 finance ministers agreed on Sunday to compile common rules to close loopholes used by global tech giants such as Facebook to reduce their corporate taxes, a final version of the bloc's communique obtained by Reuters showed. Read more »

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

ABS-CBN News
Jun 09 02:52 PM

Pansamantalang mawawalan ng kuryente ang ilang lugar sa Metro Manila, Batangas, Bulacan, Cavite, Laguna, Quezon at Rizal province ngayong linggo. Read more »

China warns tech giants after US Huawei ban: report

Agence France-Presse
Jun 09 11:59 AM

The Chinese government convened top tech companies this week and warned them of consequences if they cut off technology sales to the country, US media reported on Saturday.   Read more »

Huawei turns to Africa to offset US blacklist

Pierre Donadieu and African bureaus, Agence France-Presse
Jun 09 11:29 AM

As the US leads a drive for the West to shun Huawei over security fears, the Chinese tech giant has sought to strengthen its position in Africa, where it is already well-established.   Read more »

G20 frets over global economy amid US-China trade war

Richard Carter and Hiroshi Hiyama, Agence France-Presse
Jun 09 10:52 AM

The world's top finance policymakers Sunday weighed the impact of ballooning trade tensions on the global economy amid differences over the extent to which they are dragging on growth.  Read more »

China to set up system to safeguard technology security

Agence France-Presse
Jun 09 08:51 AM

China plans to establish a system to ensure "national security" in technology, state media reported Saturday amid an expanding trade war with the United States which has snared Chinese tech titan Huawei.  Read more »

'Hurry up!': G20 urged to speed up digital tax

Hiroshi Hiyama and Richard Carter, Agence France-Presse
Jun 09 08:49 AM

Top G20 finance officials agreed Saturday there was an urgent need to find a global system to tax internet giants like Google and Facebook but clashed on the best way to do it.  Read more »

Business Mentor: Inspiring thoughts from the Happy Entrepreneur

Armando Bartolome
Jun 08 08:16 AM

I would like to share with you my talk with a very successful and inspiring entrepreneur. I am happy to have known this gentleman as I also see myself in him. Read more »

#WalangTubig: 300,000 customer ng Maynilad, maapektuhan ng water interruption

ABS-CBN News
Jun 08 12:39 AM

Bukod pa po 'yan sa ilang barangay sa Metro Manila na mawawalan ng tubig mula ngayon hanggang Linggo dahil naman sa pagdami ng lumot sa Laguna Lake. Read more »

China to release details on blacklist of 'unreliable' companies

Agence France-Presse
Jun 07 11:51 PM

China said Thursday that it would soon release detailed information about a planned blacklist of "unreliable" companies and individuals as Beijing hits back in a trade war with Washington. Read more »

PH shares clinch 3rd week of gains despite thin trade

ABS-CBN News
Jun 07 11:23 PM

Local investors are unfazed by uncertainty from heightened US-China trade tensions as Philippine shares clinch their third weekly gain. Read more »