Business | ABS-CBN News

Paano maging investor, manalo ng mala-lotto na premyo sa halagang P500?

ABS-CBN News
Nov 26 08:18 PM

May bagong pakulo ang Bureau of Treasury: Makakapag-invest ka na, maaari ka pang manalo ng hanggang P1 milyon.  Read more »

OFW cash remittances sa HK bumaba dahil sa patuloy na tensiyon, protesta

ABS-CBN News
Nov 26 08:15 PM

Bumaba ang cash remittances ng mga overseas Filipino workers (OFW) sa Hong Kong dahil sa patuloy na tensiyon at protesta sa lugar.  Read more »

BSP pushes for digital services, microfinancing for small businesses

Jessica Fenol, ABS-CBN News
Nov 26 08:04 PM | Updated Nov 27 07:26 AM

The BSP aims to improve the exposure of micro, small and medium enterprises’ (MSMEs) to loans by supporting policies for innovative services, Diokno said in a speech during the 17th Citi Microentrepreneurship Awards.  Read more »

PSEi slips amid MSCI tweaking

ABS-CBN News
Nov 26 06:51 PM

Philippine shares fell due to a heavy sell-off at the close, as the final MSCI rebalancing for the year took effect. The main index remained at the 7,700 territory. An analyst attributed the high-value turnover to cross trading. Read more »

Economist: PH should lure more manufacturing investors from S. Korea

ABS-CBN News
Nov 26 12:27 PM

At least one regional economist sees strong manufacturing ties between the Philippines and South Korea as the next pillar of growth for both economies. IHS Markit chief economist Rajiv Biswas explains Manila can take advantage of Seoul's deep manufacturing sector and lure investors to set up factories here for electronics and even petrochemicals.  Read more »

Public to feel 'full effect' of 'Build, Build, Build' by 2020, DPWH chief says

ABS-CBN News
Nov 26 11:30 AM | Updated Nov 26 11:44 AM

MANILA - Public Works Secretary Mark Villar on Tuesday said the government's Build, Build, Build program is far from being a dismal failure as claimed some lawmakers. Read more »

Virtual goldmine: In-game goods fuel debate over digital ownership

Sonia Elks, Thomson Reuters Foundation
Nov 26 10:15 AM

The video games market is set to more than double in value to $300 billion by 2025, data and analysis company GlobalData estimates.   Read more »

Tiffany: American jeweler headed for the LVMH empire

Virginie Montet, Agence France-Presse
Nov 26 10:07 AM

Upon sealing the deal, LVMH chief Bernard Arnault called Tiffany itself a "jewel" and vowed to bestow it with "the same dedication and commitment" that the company had applied to all its businesses. Read more »

Alibaba shares surge more than 6 pct on Hong Kong debut

Agence France-Presse
Nov 26 10:07 AM

Alibaba, which already is listed in the United States, had set the price for each share at HK$176, but the stock jumped 6.25 percent to HK$187 as it began trading on the Hong Kong exchange.   Read more »

'Catastrophe bonds' provide $225-M cover for Philippines: World Bank

Jessica Fenol, ABS-CBN News
Nov 26 10:03 AM | Updated Nov 26 10:54 AM

The bonds, issued by the International Bank for Reconstruction and Development, will cover up to $75 million in losses from earthquakes and up to $150 million from tropical cyclones, the Washington-based lender said in a statement. Read more »

'Premyo Bonds' offer budget investing, crack at P1 million, hotel unit

Jessica Fenol, ABS-CBN News
Nov 26 10:02 AM | Updated Nov 26 10:46 AM

The P3 billion "Premyo Bonds" (Prize Bonds) offer shrinks the size of the typical debt paper 10 times to P500 from P5,000. At 3 percent interest, a P10,000 investment will earn P240 based on a sample computation, compared to P90 on a time deposit. It will also give the investor 20 entries to the raffle, drawn quarterly. Read more »

Asian stocks rise as trade talks gain momentum

Stanley White, Reuters
Nov 26 09:44 AM

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent. Australian shares were up 0.59 percent, while Japan's Nikkei stock index rose 0.78 percent. Read more »

Pay debt or save? What to do first with your holiday bonus

Aneth Ng-Lim
Nov 26 08:57 AM

Bonuses are a welcome relief when you have been living from paycheck to paycheck but that breather will last longer if you pay down your debts and have a wallet-responsible holiday season. Read more »

Australia's Westpac loses top 2 executives in money-laundering scandal

Byron Kaye and Niyati Shetty, Reuters
Nov 26 08:20 AM

The departures make Westpac the third of Australia's four major banks to lose one or both of its top executives following scandals in a year-and-a-half, underscoring the intense scrutiny on the country's financial sector.   Read more »

New Facebook app pays people to take part in surveys

Agence France-Presse
Nov 26 07:12 AM | Updated Nov 26 09:55 AM

Facebook on Monday introduced a "Viewpoints" app in the US that pays members of the social network for taking part in surveys.   Read more »

Netflix makes deal to keep one of NY's oldest theaters open

Agence France-Presse
Nov 26 07:11 AM | Updated Nov 26 09:55 AM

Streaming giant Netflix will use New York's historic Paris theater, which had been shuttered earlier this year, for special events and screenings of its films -- the latest twist in the company's ongoing spat with the traditional film industry.  Read more »

Oil firms announce fuel price cuts

ABS-CBN News
Nov 25 11:41 PM

Some relief ahead for motorists as local oil players announce another round of rollbacks in fuel prices this week. Read more »

PH gov't launches P3-B prize bonds

ABS-CBN News
Nov 25 11:39 PM

The Philippine government hopes to attract more investors as it launches its P3 billion prize bond offer.  Read more »

BSP eases bank reserve rules to inject more cash into economy

ABS-CBN News
Nov 25 11:34 PM | Updated Nov 26 09:54 AM

After the Philippine central bank adopted a new definition of deposit substitutes, local banks are now eager to see how that new policy will inject more money into the country's economy. Read more »

PH shares slip ahead of final MSCI rebalancing for 2019

ABS-CBN News
Nov 25 11:32 PM

Here at home, Philippine shares fell back to the 7700-level ahead of the last MSCI rebalancing for the year. Read more »

SEC rules in favor of Bengzon group in The Medical City row

ABS-CBN News
Nov 25 10:43 PM

The Securities and Exchange Commission has sided with the camp of former Health Secretary Alfredo Bengzon in the boardroom battle for control of healthcare group, The Medical City (TMC). Read more »

US brokerage firm Charles Schwab acquires rival TD Ameritrade for $26-B

Agence France-Presse
Nov 25 10:08 PM

Under the all-stock deal between these two huge discount brokerage houses, TD Ameritrade shareholders will receive 1.0837 shares of Charles Schwab for each share they own, the latter said in a statement. Read more »

PH, South Korea sign deal to boost tourism

Pia Gutierrez, ABS-CBN News
Nov 25 08:20 PM

The Philippines and South Korea signed a deal on Monday to strengthen tourism between the 2 countries. Read more »

PH posts narrower budget deficit in Oct as revenue growth outpaces spending

ABS-CBN News
Nov 25 07:11 PM

The budget deficit hit P49.3 billion in October, down 17.7 percent compared to the same month in 2018, the Bureau of Treasury (BTr) said on Monday. Read more »

Louis Vuitton group puts ring on jeweller Tiffany in $16.2-billion union

Agence France-Presse
Nov 25 03:49 PM | Updated Nov 25 05:32 PM

The companies said in a statement they "have entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per share in cash, in a transaction with an equity value of approximately 14.7 billion euros or $16.2 billion." Read more »