Business | ABS-CBN News

Stocks sag on concerns about Covid, global growth

Agence France-Presse
Jul 17 09:09 AM

NEW YORK -- Global stocks mostly fell Friday as worries about rising Covid-19 cases and their effect on global growth weighed on sentiment, pushing Wall Street into the red for the week. Read more »

Business Mentor: Are you ready to start your own business?

Armando Bartolome
Jul 17 09:03 AM

Starting you own business can be very exciting, but you should also realize that it’s not going to be easy.  Read more »

'Be the disruptor, not the disrupted': Globe's Ernest Cu

ABS-CBN News
Jul 17 06:24 AM | Updated Jul 17 07:26 AM

Globe President and CEO Ernest Cu sat down recently with best-selling author and Maulik Parekh in the podcast The Futureproof Leader. Read more »

Philippines shares down for 2nd straight week

ABS-CBN News
Jul 17 03:12 AM

Philippine shares are down for a second straight week as another lender cuts its growth forecast for the country. Read more »

DTI tutol luwagan ang restrictions sa NCR dahil sa banta ng Delta variant

ABS-CBN News
Jul 16 10:56 PM

Tutol pa ang DTI na ilagay sa mas maluwag na restriction level ang Kamaynilaan sa Agosto.  Read more »

Firms urged to get 3rd-party checkers to reinforce cybersecurity

ABS-CBN News
Jul 16 06:34 PM

Philippines firms need third-party players to check vulnerabilities in terms of their online security defenses, cybersecurity testing platform Secuna told ANC.    Read more »

Sweden's Ericsson in $8.3 billion 5G deal with Verizon

Agence France-Presse
Jul 16 03:31 PM

Swedish telecommunications group Ericsson unveiled Friday a contract worth $8.3 billion to provide US operator Verizon with equipment for its 5G network, its biggest single contract ever. Read more »

Philippines, Brunei sign 'mutually beneficial' deal on avoidance of double taxation

ABS-CBN News
Jul 16 03:11 PM

The Philippines and Brunei Darussalam signed an agreement in a bid to eliminate double taxation and prevent fiscal evasion on taxes involving income from cross-border transactions, the Finance department said Friday. Read more »

Del Monte Philippines' P44.07 billion initial public offering precleared by SEC

ABS-CBN News
Jul 16 02:47 PM

The Securities and Exchange Commission said Friday it has precleared the Del Monte Philippines' proposed initial public offering of as much as P44.07 billion. Read more »

WhatsApp tests breaking free from smartphones

Agence France-Presse
Jul 16 01:14 PM

Facebook-owned messaging service WhatsApp has announced the launch of a trial aimed at freeing its users from smartphones. Read more »

Teenager to fly with Bezos in inaugural space tourism flight

ABS-CBN News
Jul 16 11:41 AM

An 18-year-old physics student whose father heads an investment management firm is set to take the place of a person who put up $28 million in an auction to take part in the inaugural space tourism flight for billionaire Jeff Bezos' Blue Origin company. Read more »

Smart, Globe, DITO test mobile number portability capabilities

ABS-CBN News
Jul 16 10:21 AM

The country's 3 major telcos have completed the initial testing of their technical capabilities and interoperability in preparation for the implementation of the Mobile Number Portability Act, Smart Communications said Friday.  Read more »

White House slams Facebook as conduit for COVID-19 misinformation

Reuters
Jul 16 09:12 AM

Facebook is not doing enough to stop the spread of false claims about COVID-19 and vaccines, White House press secretary Jen Psaki said on Thursday, part of a new administration pushback on misinformation in the United States. Read more »

Bangko Sentral warns public anew vs 'brilliant uncirculated P20 coin'

ABS-CBN News
Jul 16 09:07 AM | Updated Jul 16 11:13 AM

The Bangko Sentral ng Pilipinas on Friday said it has not issued Brilliant Uncirculated P20 coins which are currently being sold online.  Read more »

Self-driving car startup Aurora on road to going public

Agence France-Presse
Jul 16 08:46 AM

Self-driving car startup Aurora on Thursday announced it is taking a side road to going public in a transaction valuing it at $13 billion. Read more »

Netflix signals gaming plans with video exec hiring

Agence France-Presse
Jul 16 05:54 AM

Netflix has played with games before — the interactive "Bandersnatch" and also free mobile game spinning off its hit "Stranger Things" shows. Read more »

PH shares join Asian slump on cooling economic recovery in China

ABS-CBN News
Jul 15 11:35 PM

Philippine shares joined a general downturn in Asia, as China's GDP growth slows in the second quarter. Read more »

Sonaserye 2021: Nakatulong ba ang pandemic policies ni Duterte sa ekonomiya?

Warren De Guzman, ABS-CBN News
Jul 15 08:58 PM

Nakatulong ba sa ekonomiya ang mga polisiya ni Duterte ngayong pandemya? Read more »

WTO convenes trade ministers to net fisheries deal

Agnès Pedrero, Agence France-Presse
Jul 15 08:45 PM

The World Trade Organization kicked off a ministerial meeting Thursday aimed at breathing life into drawn-out negotiations towards banning subsidies that favour overfishing, but numerous sticking points remain. Read more »

70 percent ng bakuna ng pribadong sektor para sa maliliit na negosyo

ABS-CBN News
Jul 15 08:20 PM

Nakatakdang dumating sa Biyernes ang 1.15 milyong doses ng COVID-19 vaccine na order ng pribadong sektor. Read more »

'Paghahalo' ng imported sa sariwang karne binabantayan

ABS-CBN News
Jul 15 08:08 PM

May mga tindera umanong ihinahalo ang imported sa sariwang karne at ibinebenta ito sa presyo ng sariwang karne. Read more »

Mga airline naghahabol na mabakunahan ang kanilang frontliners

ABS-CBN News
Jul 15 08:04 PM

Naghahabol ang airlines na mabakunahan ang frontliners nila para sa unti-unting pagluluwag ng travel protocols. Read more »

Return to the US office? Ask the CEO

Jessica DiNapoli, Reuters
Jul 15 07:51 PM | Updated Jul 15 09:39 PM

The questions of if, when and how often white-collar employees should again work in the office has been vexing corporate America ever since COVID-19 vaccinations became available.  Read more »

Palace confirms OceanaGold mine contract renewal

ABS-CBN News
Jul 15 07:30 PM

The Philippine government has renewed Australian-listed OceanaGold Corp's contract for its Didipio gold and copper mine, Malacañang confirmed on Thursday, despite earlier concerns from provincial officials.  Read more »

Oil prices extend losses on expected supply increase

Reuters
Jul 15 06:18 PM

Oil prices fell on Thursday, extending losses as investors braced for increased supplies after a compromise deal between leading OPEC producers and as U.S. fuel stocks rose, raising concerns over demand in the world's largest consumer. Read more »