News

Federal states must be ready for additional resources: Teves

ABS-CBN News
Posted at Aug 10 11:25 AM

Teves said the draft charter from a Palace-backed consultative committee could be approved in phases, setting aside controversial portions. Read more »

Landing flew Nayong Pilipino execs to South Korea before deal approval: Duterte kin

ABS-CBN News
Updated as of Aug 10 11:38 AM

Some Nayong Pilipino Foundation officials accepted a sponsored trip to South Korea from Landing International months before the agency awarded a $1.5 billion casino-theme park project to the Hong Kong developer, a board member of the Filipino firm said Friday. Read more »

ConCom hopes to meet with Cabinet secretaries to explain draft charter

ABS-CBN News
Updated as of Aug 10 10:40 AM

The group President Rodrigo Duterte tasked to draft a federal constitution hopes to meet with his Cabinet secretaries to explain its proposal after several economic managers expressed disapproval, a member said Friday. Read more »

How Southeast Asia can 'offset' US-China trade war

ABS-CBN News
Posted at Aug 10 09:49 AM

Financial markets have yet to see the full impact of the tit-for-tat measures between two of the world's largest economies and an advance in US equities is likely to embolden President Donald Trump. Read more »

Trade deficit, not inflation, slowed growth in Q2: Standard Chartered analyst

ABS-CBN News
Posted at Aug 09 08:01 PM

The Philippines' trade deficit was a bigger factor than inflation in the slower growth of the Philippine economy in the second quarter, an economist said Thursday.    Read more »

Seamless shopping experience lures consumers to spend more, a consultant says

ABS-CBN News
Updated as of Aug 09 11:02 PM

E-commerce has plenty of room to grow in the Philippines given the size of the country's population, a consultant said Thursday. Read more »

'Riverdale' bridges old and new Archie Comics fans, says comics boss

Cathy Yang, ABS-CBN News
Posted at Aug 09 05:22 PM

The streaming version, named after the characters' high school, Riverdale, is a more "subversive" take on the 79-year-old story of a high school heartthrob and his friends. Read more »

Betty or Veronica? Why Archie can't decide after 79 years

Cathy Yang, ABS-CBN News
Updated as of Aug 10 01:03 AM

Riverdale high school heartthrob Archie Andrews' indecisiveness on his two very different love interests has perplexed, even irritated fans of the beloved comic book series. Read more »

Solon pushes performance-based tax on for-profit schools

ABS-CBN News
Updated as of Aug 09 05:12 PM

The proposal to increase duties on for-profit schools aims to instill discipline on these institutions, the head of the House of Representatives' tax-writing committee said Thursday. Read more »

Containing inflation a 'national imperative,' says Arroyo adviser

ABS-CBN News
Posted at Aug 09 09:26 AM

Aside from meat, fish was also removed from commodities that would be tariff-free. Flour, corn and rice that are used as farm inputs will stay on the proposed zero tariff list, said Albay Rep. Joey Salceda. Read more »

Ericsson sees 5G mobile in PH by next year

ABS-CBN News
Updated as of Aug 08 08:26 PM

Telecom equipment maker Ericsson said it is confident that fifth generation mobile technology or 5G will be introduced in the Philippines as early as next year.  Read more »

Advocate inspires, mentors young women in the workplace

ABS-CBN News
Posted at Aug 08 07:28 PM

Young women can easily be mentored to excel in the workplace, a women empowerment advocate said on Wednesday. Read more »

Euro chamber backs lifting tariffs on basic food items

ABS-CBN News
Updated as of Aug 08 10:08 PM

Removing tariffs on imported basic food items ensures an ample supply that could result in stable prices, the president of a European trade group said on Wednesday. Read more »

Dissecting Data: How rice tariffication, more rice imports affect prices

ABS-CBN News
Posted at Aug 08 05:37 PM

Economic managers have said that imposing tariff on imported rice in place of quantitative restrictions could help lower the prices and curb inflation. Farmers however raised concerns of the potential harm it can do to the local rice industry. Read more »

'You just feel it': Pimentel opens up about plan to remarry

ABS-CBN News
Posted at Aug 08 11:19 AM

Senator Aquilino Pimentel III said Wednesday he realized he wanted to tie the knot again when felt that it was finally time to do so. Read more »

'Winnable' Bong Go can join PDP-Laban senatorial ticket: Koko

Trishia Billones, ABS-CBN News
Updated as of Aug 08 11:42 AM

The Partido Demokratiko Pilipino–Lakas ng Bayan (PDP-Laban) can "accommodate" Special Assistant to the President Bong Go to its senatorial slate should he wish to join, party president Sen. Aquilino Pimentel III said Wednesday. Read more »

Pimentel wants separate Con-Ass for Senate, House

ABS-CBN News
Updated as of Aug 08 11:50 AM

Senator Aquilino Pimentel III said Wednesday he will propose that the Senate and the House of Representatives convene as a constituent assembly separately. Read more »

China can veto foreign war games in SE Asia under draft code: analyst

ABS-CBN News
Updated as of Aug 08 09:31 AM

China can "veto" military exercises Southeast Asian nations will want to have with foreign entities outside the region if the current draft code of conduct is passed wholly, an analyst said Wednesday. Read more »

Dissecting Data: Inflation, which goods had the steepest spikes?

ABS-CBN News
Posted at Aug 07 08:10 PM

ABS-CBN Data Analytics team takes another look at the path of price increases and which commodities had the steepest spikes.  Read more »

UPS eyes more investments in Philippines

ABS-CBN News
Posted at Aug 07 05:09 PM

International logistics firm UPS is looking to invest more in the Philippines because of its robust economy, a company official said Tuesday.  Read more »