News

Russia, Saudi seek raised OPEC output of 1.5 million bpd

Agence France-Presse
Jun 17 07:49 AM

Russia and Saudi Arabia will ask OPEC to hike production by 1.5 million barrels a day in the third quarter of 2018, Russian Energy Minister Alexander Novak said on Saturday. Read more »

Billionaire fathers relinquish empires to sons, daughters

ABS-CBN News
Jun 17 07:11 AM | Updated Jun 17 02:58 PM

A new generation of tycoons have begun to take control of the Philippines' biggest businesses, as billionaires look to their children to lead their empires. Read more »

Oil price hike, nakaamba sa Martes

ABS-CBN News
Jun 16 09:01 PM

Pagkatapos ng dalawang magkasunod na rollback, magmamahal na ulit ang diesel, gasolina, at gaas sa susunod na linggo. Read more »

US-China trade war will affect PH if prolonged, analyst says

ABS-CBN News
Jun 16 07:28 PM

Economic adviser Francis Chua said Manila will feel the impact of prolonged trade tensions between the two superpowers since these are major importers. Read more »

Apple, Qualcomm battle over possible ban on some US iPhone imports

Stephen Nellis and Jan Wolfe, Reuters
Jun 16 10:10 AM

The staff of the US International Trade Commission on Friday recommended that a trade judge find that Apple Inc infringed at least one of Qualcomm Inc's patents, a move that could lead to blocking the import of some iPhones. Read more »

Business Mentor: Building an Identity for Your Business

Armando Bartolome
Jun 16 07:51 AM | Updated Jun 16 07:53 AM

Those new in business, particularly in retail and food businesses, usually come across challenges in establishing their identity. Read more »

Fuel subsidy para sa mga tsuper, ipapamahagi sa Hulyo

ABS-CBN News
Jun 16 03:58 AM

Sisimulan na sa susunod na buwan ang pamamahagi ng fuel subsidy sa jeepney operators bilang tulong sa pagtaas ng presyo ng petrolyo.  Read more »

More business opportunities seen for halal food industry

ABS-CBN News
Jun 15 11:55 PM

The trade department sees bright prospects for the Philippine halal industry.  Read more »

More foreign fund outflows seen ahead for PH stock market: analysts

ABS-CBN News
Jun 15 11:42 PM

Analysts see more foreign fund outflows from the Philippine stock market Read more »

Trump announces tariffs on $50-B in Chinese imports

Agence France-Presse
Jun 15 08:50 PM

Trump on Friday announced tariffs of 25 percent targeting $50 billion in Chinese imports from "industrially significant" technologies. Read more »

US interest rate policies pose risks to global, PH economy

ABS-CBN News
Jun 15 07:44 PM | Updated Jun 15 08:19 PM

The United States' interest rate policies are going to "make a big impact" to the global economy including the Philippines, an analyst said on Friday. Read more »

Japan OKs plan to welcome more foreign workers amid labor crunch

Kyodo News
Jun 15 06:38 PM

The plan is expected to open the country's doors to blue-collar laborers from abroad in contrast to the highly skilled workers it currently accepts. Read more »

Trump preps China tariff target list, Beijing ready to retaliate

Douglas Gillison, Agence France-Presse
Jun 15 06:27 PM

US President Donald Trump on Friday was due to unveil a final list of Chinese imports that would face punishing tariffs, fanning fears of a trade war as Beijing warned that it could swiftly strike back. Read more »

TRAIN 2 consultations ongoing, trade chief says

ABS-CBN News
Jun 15 04:49 PM

Incentives under the proposed regime will be performance-based, time-bound, focused and transparent, Trade Secretary Ramon Lopez said.   Read more »

San Miguel plans to make Spam in Philippines

ABS-CBN News
Jun 15 03:42 PM

San Miguel Corp is spending P742 billion to grow its food and beverage business, including manufacturing Spam luncheon meat locally, said its president, Ramon Ang. Read more »

LRT-2 offers free haircut, massage on Father's Day

ABS-CBN News
Jun 15 02:57 PM

The free services will be available from 8 a.m. to 12 p.m. on Father's Day, the Light Rail Transit Authority said on Twitter. Read more »

Manila-Batanes flights cancelled due to bad weather

ABS-CBN News
Jun 15 12:17 PM | Updated Jun 15 12:29 PM

Several flights between Manila and Batanas were cancelled on Friday after tropical depression "Ester" continues to bring more rains, the Manila International Airport Authority said. Read more »

AT&T closes $85 billion deal for Time Warner

Diane Bartz and David Shepardson, Reuters
Jun 15 12:02 PM

The merger, including debt, would be the fourth largest deal ever attempted in the global telecom, media and entertainment space, according to Thomson Reuters data. It would also be the 12th largest deal in any sector. Read more »

Gov't to hold jobs caravan for 'Build, Build, Build'

ABS-CBN News
Jun 15 11:23 AM

The job fair will be held on Aug. 12 at the SMX Convention Center in Pasay City, according to separate social media posts from the Bases Conversion Development Authority and the Department of Transportation. Read more »

World business leaders share success secrets

ABS-CBN News
Jun 15 11:17 AM

Here are a few words of wisdom from some of the world’s brightest. Read more »

Snapchat aims to spread reach to other apps

Agence France-Presse
Jun 15 10:41 AM

Snapchat messaging service on Thursday set out to spread its reach, and panache, to other smartphone apps with a software kit that promised to share little data about users. Read more »

PAL taps virtual reality for cabin crew training

ABS-CBN News
Jun 15 10:34 AM

Philippine Airlines said it had begun using virtual reality to train its cabin crew to make the exercise more immersive and interactive. Read more »

Filipino dads break stereotypes with Google searches

ABS-CBN News
Jun 15 10:15 AM

Filipino fathers are searching the internet for food, parenting and home decorating tips, challenging gender stereotypes, a Google analyst said Friday. Read more »

IMF warns United States against protectionist trade policies

Lindsay Dunsmuir, Reuters
Jun 15 08:53 AM

The IMF, in a review of US economic policy, also said that while the country's economic growth was expected to be strong this year and next, recent tax and spending measures could cause greater risks from 2020 onwards. Read more »

Trump readies $50 billion in tariffs on Chinese goods

Jeff Mason and David Lawder, Reuters
Jun 15 08:45 AM

The list will contain 800 product categories, down from 1,300 previously, according to another administration official and an industry source familiar with the list. Read more »