Business | ABS-CBN News

Marcos to show PH 'open for business' in WEF: economist

Raffy Cabristante, ABS-CBN News
Jan 16 07:56 PM | Updated Jan 17 08:31 AM

Marcos' attendance at the annual World Economic Forum (WEF) meeting is meant to show the global market that the Philippines is "open for business," an economist said. Read more »

Civil Aeronautics Board cuts fuel surcharges for flights

Jacque Manabat, ABS-CBN News
Jan 16 06:56 PM

Air travelers can expect cheaper tickets next month as the Civil Aeronautics Board (CAB) lowers fuel surcharges to Level 6 for February 2023 from the prevailing Level 7. Read more »

Gov't ends household subsidy for high fuel prices

ABS-CBN News
Jan 16 05:37 PM

The government has disbursed a total of P18.3 billion in subsidies for households affected by high fuel prices, the Department of Finance said Monday. Read more »

Try the 50-30-20 budget rule with your first paycheck for 2023

ABS-CBN News
Jan 16 03:58 PM

Financial experts recommend a 50-30-20 rule when it comes to a sustainable spending and saving plan. Read more »

Over 20.5 million SIMs registered as of Jan. 15

ABS-CBN News
Jan 16 03:37 PM

Over 20.5 million SIMs have been successfully registered as of Jan. 15 since the mandatory registration began, the DICT said on Monday. Read more »

PH startup Locad says $11-M million raised in Series A

Jekki Pascual, ABS-CBN News
Jan 16 02:31 PM

Homegrown startup Locad said on Monday it has raised $11 million in Series A funding to expand its operations in the Philippines and in the Asia Pacific region. Read more »

Most Asian markets rise on optimism over China, rates

Agence France-Presse
Jan 16 02:10 PM

Shares mostly rose in Asia on Monday following another rally on Wall Street fuelled by optimism over the world economy as inflation slows and China reopens to the world. Read more »

Cash remittances hit $2.64-B in November, up 5.7 pct

ABS-CBN News
Jan 16 01:37 PM | Updated Jan 16 02:26 PM

From January to November, cash remittances$29.38 billion, 3.3 percent higher than the $28.43 billion booked in the same period in 2021. Read more »

Presyo ng mga cake, pastries tumaas: grupo

ABS-CBN News
Jan 16 01:35 PM | Updated Jan 16 08:40 PM

Tumaas na ang presyo ng ilang tinapay dahil sa pagmahal ng mga sangkap tulad ng asukal at itlog, sabi ngayong Lunes ng grupo ng mga panadero. Read more »

'9 richest Pinoys wealthier than half of PH population'

ABS-CBN News
Jan 16 01:22 PM

The nine richest Filipinos have more wealth compared to 55 million or half of the entire population, according to the Survival of the Richest report by Oxfam International. Read more »

Presyo ng gasolina, diesel tataas sa Enero 17

ABS-CBN News
Jan 16 12:35 PM | Updated Jan 16 08:31 PM

Magkakaroon ng dagdag sa presyo ng gasolina at diesel, at bawas sa presyo ng kerosene sa Martes, Enero 17. Read more »

LIST: Canceled flights on Jan. 17

ABS-CBN News
Jan 16 11:45 AM

Some flights were canceled on Monday, Jan. 17 due to bad weather, the Manila International Airport Authority said. Read more »

Gas, diesel price increase takes effect on Jan. 17

ABS-CBN News
Jan 16 11:16 AM

Oil firms on Monday announced price movements for gasoline, kerosene and diesel that would take effect on Jan. 17. Read more »

AirAsia reopens Kaohsiung route, offers P1,812 int'l seat sale

ABS-CBN News
Jan 16 11:13 AM

AirAsia on Monday said it has reopened its Kaohsiung, Taiwan route in time for the Luna New Year. Read more »

DICT says SIM registration's April 26 deadline aligns with law

ABS-CBN News
Jan 16 10:57 AM

The deadline of the SIM registration, which falls on April 26, is in line with the law, the authorities said on Monday. Read more »

Marcos attending WEF in Davos 'significant' for ASEAN, inflation: official

ABS-CBN News
Jan 16 10:22 AM | Updated Jan 16 10:26 AM

President Ferdinand Bongbong Marcos Jr's trip to Davos, Switzerland to attend the World Economic Forum is significant for the region and is crucial in dealing with inflation, an official said, as critics have said there are more pressing issues at the homefront. Read more »

As Davos opens, Oxfam urges 'billionaire busting' policies

Agence France-Presse,
Jan 16 10:21 AM

The number of billionaires should be halved by 2030 through higher taxes and other policies, Oxfam said as global elites meet in Davos. Read more »

China's 2022 growth seen as its lowest in 40 years

Sébastien Ricci with Luna Lina, gence France-Presse
Jan 16 09:09 AM

China's economic growth for 2022 is expected to have been among its weakest in 4 decades, analysts said. Read more »

Marcos wants 2-month sugar buffer stock to dodge shortage

Pia Gutierrez, ABS-CBN News
Jan 16 09:05 AM

President Marcos said he wanted the government would maintain a 2-month buffer stock of sugar prevent another shortage of the commodity. Read more »

AI, do my homework! ChatGPT pits teachers against tech

Jules Bonnard, Agence France-Presse
Jan 16 08:40 AM | Updated Jan 16 10:22 AM

Know-it-all chatbots landed with a bang last year, creating fear of a cheating epidemic in schools and universities. Read more »

Paris to hold referendum on e-scooter rental services

Agence France-Presse
Jan 16 12:20 AM

Parisians will be invited to vote on allowing electric scooter rental services to continue operating in the city as authorities weigh banning it. Read more »

PAL denies Canada flight canceled due to Marcos' trip

ABS-CBN News
Jan 15 09:55 PM

Philippine Airlines denied the claims of a social media post that a 777 flight to Canada was canceled due to President Ferdinand Marcos Jr.'s trip to Davos, Switzerland. Read more »

Presyo ng sibuyas bumaba sa ilang pamilihan

Reiniel Pawid, ABS-CBN News
Jan 15 02:31 PM | Updated Jan 15 08:13 PM

Bumaba ang presyo ng kada kilo ng sibuyas sa ilang pamilihan sa Metro Manila. Read more »

Government to implement 'calibrated' importation of onions

ABS-CBN News
Jan 14 10:04 PM

The administration of President Ferdinand Marcos Jr. plans to implement a "calibrated" importation of onions to protect local farmers. Read more »

OpenAI, creator of ChatGPT, casts spell on Microsoft

Daniel Hoffman, Agence France-Presse
Jan 14 04:16 PM

Since ChatGPT was introduced in November, the prowess of this chatbot has aroused the curiosity and fascination of internet users. Read more »