News

Huawei 'princess' becomes pawn in US-China trade row

Agence France-Presse
Dec 07 05:52 PM

Meng has sought to stress her own "humble" beginnings, with Chinese media reporting that she once penned an internal memo claiming that her first tasks at the Shenzhen-based company involved secretarial work -- answering phones and acting as a typist. Read more »

American Chamber pushes for further easing of foreign ownership caps

ABS-CBN News
Dec 07 04:55 PM

The American Chamber of Commerce of the Philippines welcomes the 11th edition of the Foreign Investment Negative List but more reforms can lead to "billions of dollars" in foreign investments. Read more »

BPI extends banking hours in December

ABS-CBN News
Dec 07 04:34 PM

Starting Dec. 10 to Jan. 3, 138 BPI and 36 BPI Family Family Savings Bank will extend for an hour on weekends, the bank said in a statement.  Read more »

CHART: Approved foreign investments rise in Q3

Edson Joseph Guido, ABS-CBN Data Analytics
Dec 07 04:21 PM

After plummeting year-on-year in 6 of the first 7 quarters of the Duterte administration, approved foreign investments rose in the last 2 quarters. Read more »

CHART: Inflation for bottom 30 percent is at highest in nearly a decade

Edson Joseph Guido, ABS-CBN Data Analytics
Dec 07 04:08 PM | Updated Dec 07 04:45 PM

Inflation for the bottom 30 percent of households based on income quickened to 8.5 percent in the third quarter. Read more »

Noche Buena Shopping Tips to Help Stretch Your Budget

MoneyMax.ph
Dec 07 03:52 PM

Even on a tight budget, you can prepare a quality holiday feast for your loved ones. You just have to be smart when shopping. Read more »

'HM po?': Facebook says consumers shifting to Messenger, chat apps

Jessica Fenol, ABS-CBN News
Dec 07 03:39 PM

Around 65 percent of consumers will use messaging platform to connect to a business more than any other channel, Facebook Philippines country director John Rubio told reporters.   Read more »

Japan gov't to halt buying Huawei, ZTE equipment: sources

Yoshiyasu Shida and Yoshifumi Takemoto, Reuters
Dec 07 03:36 PM | Updated Dec 07 05:28 PM

Chinese tech companies are under intense scrutiny from Washington and some prominent allies over ties to the Chinese government, driven by concerns they could be used by Beijing for spying. Read more »

Chinese state media says US trying to 'stifle' Huawei with arrest

Reuters
Dec 07 10:41 AM

Huawei Technologies Co Ltd's chief financial officer, Meng Wanzhou, the 46-year-old daughter of the company's founder, was detained in Canada on Dec. 1, the same day US President Donald Trump and Chinese President Xi Jinping dined together at the G20 summit in Buenos Aires. Read more »

White House knew in advance about Huawei arrest

Agence France-Presse
Dec 07 10:01 AM

The White House said Thursday it knew in advance that Canada planned to arrest an executive of Chinese tech giant Huawei on the same day as a summit between Washington and Beijing. Read more »

Ayala Corp to acquire 75 percent of Negros Grace drugstores

ABS-CBN News
Dec 07 09:29 AM

AC Health signed a share purchase agreement with Jasminum Corp for a controlling stake in Bacolod-based Negros Grace, which has 70 stores, Ayala Corp told the stock exchange. Read more »

Entrepreneur 'comes clean' about struggles, triumphs of becoming one's own boss

Carissa Villacorta, PHTimeIsNow
Dec 07 08:30 AM

What are the responsibilities a boss carries in a company? How does a boss evolve, learn, and succeed? A Filipino entrepreneur shares how she did it.  Read more »

Ride-hail firm Lyft races to leave Uber behind in IPO chase

Joshua Franklin and Heather Somerville, Reuters
Dec 07 08:29 AM

Lyft's IPO will test investors' appetite for the most highly valued Silicon Valley companies and for the ride-hailing business, which has become a wildly popular service but remains unprofitable and has an uncertain future with the advance of self-driving cars. Read more »

US probe of Huawei includes bank fraud accusations: sources

Karen Freifeld, Reuters
Dec 07 08:19 AM

Chinese telecoms giant Huawei Technologies Co Ltd's chief financial officer was arrested as part of a US investigation of an alleged scheme to use the global banking system to evade US sanctions against Iran, according to people familiar with the probe. Read more »

Global stocks down on China exec arrest; oil slips on OPEC delay

Laila Kearney, Reuters
Dec 07 08:07 AM

The arrest of smartphone maker Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou in Canada for extradition to the United States came as Washington and Beijing prepared for talks aimed at resolving a bitter trade spat. Read more »

Google launches AI-driven audio news feed

Agence France-Presse
Dec 07 06:25 AM | Updated Dec 07 08:55 AM

SAN FRANCISCO - Google said Thursday it was launching a radio-style, on-demand audio news feed available on smart speakers, personalized with the help of artificial intelligence. Read more »

What experts say on OPEC oil output cut

ABS-CBN News
Dec 07 12:26 AM | Updated Dec 07 08:54 AM

Charles Nenner, CEO and founder of Charles Nenner Research, and Paul Hickin, associate director of S&P Global Platts, talk about the Organisation of the Petroleum Exporting Countries' (OPEC) decision to cut oil output and its implications. Read more »

Asian markets extend decline ahead of OPEC meeting

ABS-CBN News
Dec 07 12:15 AM

The Organisation of the Petroleum Exporting Countries' (OPEC) expected production cuts is also affecting local market sentiment, as Philippine shares joined the wide-scale sell-off. Read more »

Gasoline, diesel prices rise for first 3 trading days

ABS-CBN News
Dec 07 12:13 AM

A fuel price hike here at home is expected next week amid rising oil prices in the world market. Read more »

PH business confidence index drops to lowest since 2010

ABS-CBN News
Dec 07 12:10 AM

Business and consumer confidence in the Philippines is now at their lowest levels in eight years.  Read more »

How sharing lessons on leadership and hard work pays off

Ian Doromal
Dec 06 10:57 PM

A Filipino entrepreneur shares how responding to the calling to impart your passion to others goes a long way.  Read more »

Serye ng rollback sa petrolyo, posibleng maputol sa susunod na linggo

ABS-CBN News
Dec 06 09:22 PM

Matapos ang 7 linggong magkakasunod na rollback, posibleng maglaro sa P0.30 hanggang P0.50 ang taas-presyo sa petrolyo sa susunod na linggo, ayon sa tantiya ng pangulo ng PTT Philippines Trading Corporation. Read more »

BIR to certify tax software providers to further modernize tax filing

Ina Reformina, ABS-CBN News
Dec 06 07:39 PM

The Bureau of Revenue (BIR) launched Thursday its Electronic Tax Software Provider Certification (eTSPCert) System in a bid to improve revenue collection and provide taxpayers a “seamless, end-to-end automated and electronic tax preparation, filing, and payment experience.”  Read more »

'Zumba' videos, Tawag ng Tanghalan among YouTube's top trending in 2018

ABS-CBN News
Dec 06 07:00 PM | Updated Dec 06 07:05 PM

Tawag ng Tanghalan of ABS-CBN's It's Showtime bagged the second spot with the performance of grand champion 16-year old Janine Berdin. Read more »

China to 'immediately' implement US trade truce measures

Agence France-Presse
Dec 06 06:52 PM

China said Thursday it would "immediately" implement measures agreed under a trade war truce with the United States -- and was confident it could reach a deal within 90 days. Read more »