Business | ABS-CBN News

Meralco says 'no impact' from SMC units power deal issue

ABS-CBN News
Mar 20 03:10 PM | Updated Mar 20 03:11 PM

Meralco said on Monday San Miguel Global Power Holdings Corp's notice of termination for the 2 power supply agreements (PSAs) has no impact on operations as electricity is not yet being supplied under the deal. Read more »

NEDA releases IRR for amended Public Service Act

ABS-CBN News
Mar 20 03:03 PM

NEDA has released the implementing rules and regulations of the amendments to the Public Service Act which further liberalize foreign participation in several industries. Read more »

Is your money safe when your bank is in trouble?

Aneth Ng-Lim
Mar 20 02:11 PM | Updated Mar 30 02:46 PM

This was the question raised by depositors of Silicon Valley Bank and Signature Bank – both based in the United States – after reports they were struggling led to bank runs and their eventual collapse. Read more »

Spurred by TikTok, some Americans return to cash to curb spending

Daxia Rojas, Agence France-Presse
Mar 20 02:03 PM

Manicured fingers meticulously place cash in transparent envelopes marked "food," "gas" and other categories, demonstrating in a TikTok video a retro technique for controlling what you spend that is newly popular with some money-conscious Americans. Read more »

Presyo ng petrolyo may big-time rollback sa Marso 21

ABS-CBN News
Mar 20 12:49 PM | Updated Mar 20 07:02 PM

Kasado na ang malakihang bawas-presyo sa produktong petrolyo sa Martes, Marso 21. Read more »

UBS takeover of Credit Suisse: the main points

Nathalie Olof-Ors, Agence France-Presse
Mar 20 11:10 AM

The takeover of Credit Suisse by UBS will create a banking giant unprecedented in Switzerland, where banking is a core part of the national identity. Read more »

Diesel, gas, kerosene rollback set for March 21

ABS-CBN News
Mar 20 10:54 AM

Another round of price rollback will be implemented this week for kerosene, diesel and gasoline, petroleum firms announced on Monday. Read more »

More bang for their buck: Smarter Pinoy shoppers to boost e-commerce in PH - Shopback

ABS-CBN News
Mar 20 10:24 AM | Updated Mar 20 11:54 AM

E-commerce in the Philippines is likely to continue growing despite inflation as shoppers become wiser with their purchases, Shopback general manager for APAC? Prashant Kala said on Monday. Read more »

PH startups 'center' of global attention with over $1-B investments in 2022: Digital Pilipinas

ABS-CBN News
Mar 20 10:01 AM

Philippine tech startups are getting global attention after earning over $1 billion in investments in 2022, Digital Pilipinas Convenor Amor Maclang said on Monday. Read more »

US Fed, other central banks move to boost global dollar liquidity

ABS-CBN News
Mar 20 08:39 AM

The US Federal Reserve and other major central banks announced a coordinated effort to improve banks' access to liquidity, hoping to calm worries rattling the global banking sector. Read more »

UBS, Credit Suisse lock horns in takeover talks

Fabrice COFFRINI with Robin MILLARD in Geneva, Agence France-Presse
Mar 19 11:20 PM

UBS is prepared to take over its troubled Swiss rival Credit Suisse but only for a knockdown price, reports said Sunday. Read more »

Plane fare posibleng bumaba dahil sa fuel surcharge

ABS-CBN News
Mar 19 07:55 PM

Good news sa mga air traveler dahil posibleng bumaba ang presyo ng mga ticket sa susunod na buwan. Read more »

Mga konsumer kaniya-kaniyang paraan ng pagtitipid sa kuryente

ABS-CBN News
Mar 19 07:53 PM

Kaniya-kaniya nang diskarte ang ilang konsumer para mapababa ang singil sa kuryente. Read more »

Kadiwa center in Bicol reaches P1.2M sales: Palace

ABS-CBN News
Mar 19 11:58 AM

Some Kadiwa centers around the country have generated sales of more than P1.3 million, Malacañang said Sunday. Read more »

Nakaambang bawas-singil sa pasahe, ikinabahala ng ilang tsuper

ABS-CBN News
Mar 18 08:05 PM

Ikinatuwa ng ilang pasahero ang balitang magkakaroon ng diskuwento sa pasahe sa jeepney at bus. Read more »

Diesel, kerosene prices may drop by as much as P2: forecast

ABS-CBN News
Mar 18 12:47 PM | Updated Mar 18 05:13 PM

Diesel and kerosene prices may drop by as much as P2 per liter as experts forecast a drop in fuel prices on Tuesday, March 21. Read more »

Business Mentor: Planning a successful startup

Armando Bartolome
Mar 18 08:46 AM

A mentor is someone who can provide assistance and support, help develop skills, tap you into a vast network, and can help you achieve your goals. Read more »

PH shares end week higher amid Silicon Valley Bank rescue

ABS-CBN News
Mar 18 03:21 AM

Philippine shares closed the week higher as the rescue of an American bank calmed fears of a global banking crisis. Read more »

Pagpapalawig ng SIM registration pinag-aaralan pa

ABS-CBN News
Mar 17 08:58 PM

Hindi pa inirerekomenda ng DICT ang pagpapalawig ng SIM registration. Read more »

Higit P100 bilyon dapat umanong i-refund ng Meralco

ABS-CBN News
Mar 17 08:25 PM

Aabot ng higit P100 bilyon ang dapat i-refund sa mga konsumer ng Meralco dahil sa napakong distribution charge ng kompanya mula 2012, ayon sa mga eksperto. Read more »

SIM registrations hit 45.8 million, extension mulled

Job Manahan, ABS-CBN News
Mar 17 07:52 PM

DICT Undersecretary Anna Mae Lamentillo said this represents only 27.12 percent of the total 169.97 million SIM subscribers. Read more »

BSP forecasts lower BOP deficits in 2023 and 2024

ABS-CBN News
Mar 17 07:11 PM

The Bangko Sentral ng Pilipinas said the country will likely post a smaller balance of payments deficit this year next year compared to 2022. Read more »

Is P20/kilo rice possible? Rice watch group says Marcos remark just 'rhetoric'

Jervis Manahan, ABS-CBN News
Mar 17 07:08 PM

Bantay Bigas chairperson Cathy Estavillo questioned the basis for the president's pronouncements. Read more »

Palawan nickel mining firm defying halt order: mayor

Rowegie Abanto, ABS-CBN News
Mar 17 06:25 PM | Updated Mar 17 09:31 PM

A mining firm in Palawan continues its operations in the municipality of Brooke's Point despite lacking a mayor's permit, an environmentalist group and the local government said Friday Read more »

Markets extend global rally as banking sector fears ease

Agence France-Presse
Mar 17 06:10 PM

Asian and European markets rose Friday, extending a global rally, as traders welcomed multi-billion-dollar shows of support for troubled banks aimed at soothing concerns about contagion in the sector. Read more »