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Pandemic puts brakes on some firms' expansion plans: ECOP

ABS-CBN News
Posted at May 22 10:26 AM

Some businesses have postponed expansion plans due to uncertainty from the coronavirus pandemic, the Employers Confederation of the Philippines said Friday, citing its recent survey. Read more »

Taxman in Philippines eyes digital realm of Netflix, Facebook

ABS-CBN News
Updated as of May 20 04:15 PM

The Department of Finance said Wednesday it was studying "viable ways" to tax any form of commerce on the internet after a lawmaker sought duties on the likes of Facebook and Netflix. Read more »

Power demand to spike as lockdowns ease, energy dept says

ABS-CBN News
Posted at May 15 04:01 PM

The Department of Energy said Friday demand for electricity would likely surge as more areas emerge from coronavirus lockdowns, highlighting the need to ensure enough supply. Read more »

Water consumption rises as Metro Manila bakes in dry season heat

ABS-CBN News
Updated as of May 14 11:44 PM

Manila Water said demand increased by 7 percent in April from March, and climbed another 12 percent this month from April.  Read more »

Crude crash brings down Singapore oil tycoon

Martin Abbugao, Agence France-Presse
Posted at May 01 02:56 PM

Singapore tycoon O.K. Lim built up his oil empire from a single-truck outfit through hard work and high-risk gambles, a rags-to-riches tale that made him a legend among crude traders. Read more »

As data demand peaks 'all-day,' Globe keeps P63-B expansion budget

ABS-CBN News
Updated as of Apr 30 10:07 AM

Globe Telecom said Thursday it had "enough capacity" to meet all-day peak demand that has become the new normal, as the COVID-19 pandemic forced more people to work from home. Read more »

Coronavirus brews trouble for tea, disrupts supply as demand spikes

Rajendra Jadhav and Polina Devitt, Reuters
Posted at Apr 29 01:14 PM

The coronavirus outbreak is causing a rare stir in the usually staid global tea market, with labor lockdowns stifling supplies just as millions in lockdown drive up demand for the beverage known for its immunity-boosting properties. Read more »

Oil hits lowest this century as coronavirus crisis hammers demand

Alex Lawler, Reuters
Posted at Apr 22 06:02 PM

Oil slumped to less than $16 (P811) a barrel on Wednesday, hitting its lowest since 1999, with the market awash with excess supply as the economic fallout from the coronavirus pandemic continues to hammer demand for fuels. Read more »

Third telco 'on track' to meet deadlines despite pandemic: DICT

ABS-CBN News
Updated as of Apr 16 10:42 AM

Third telco DITO is "on track" to meet its commitments despite the 6-week lockdown of millions in Luzon to curb the coronavirus pandemic, the Department of Information and Communications Technology said Thursday.    Read more »

Oil skids on oversupply fears, US stock futures jump

Swati Pandey, Reuters
Posted at Apr 06 08:14 AM

Oil prices skidded on Monday after Saudi-Russian output discussions showed no immediate signs of progress while US stock futures jumped as investors were encouraged by a slowdown in coronavirus-related deaths and new cases. Read more »

Oil prices slide on shattered demand, stocks mostly rise

Agence France-Presse
Posted at Mar 31 08:21 AM

Oil prices plunged Monday to an 18-year low as the number of novel coronavirus cases worldwide surged past 750,000, reinforcing worries about the impact of the pandemic on the global economy. Read more »

Netflix cuts streaming traffic in Philippines to ease lockdown strain on internet

Jessica Fenol, ABS-CBN News
Posted at Mar 25 03:01 PM

Netflix traffic will be reduced by 25 percent upon the request of the National Telecommunications Commission, Netflix said. The same measure is applied to Israle, Australia, Mexico and India, it said.   Read more »

Benta ng langis, konsumo ng kuryente sumadsad sa gitna ng Luzon lockdown

ABS-CBN News
Updated as of Mar 24 09:12 PM

Bagsak ang benta ng mga gasolinahan sa Kamaynilaan kahit pa sunod-sunod na ang bigtime rollback sa mga produktong petrolyo. Read more »

Amid coronavirus crisis, contractual workers find jobs in on-demand services app

ABS-CBN News
Posted at Mar 20 05:43 PM

Many contractual workers in the Philippines risk losing their jobs -- or have already lost them -- with the closure of various establishments due to the coronavirus crisis. Fortunately, some of them were able to find a new source of income, thanks to an app. Read more »

PLDT, Globe gear for data demand as COVID-19 keeps millions in Philippines indoors

ABS-CBN News
Posted at Mar 18 03:27 PM

PLDT Inc would offer a free "speed boost" for its fiber subscribers, bringing the minimum internet connection to 25 Mbps until April 30 "to address the need of the public for enhanced internet services during the COVID-19 outbreak", it said in a statement.  Read more »

San Miguel: COVID-19 to shift food and drink consumption to homes

ABS-CBN News
Updated as of Mar 16 01:24 PM

San Miguel Corp said Monday it expected food and beverage consumption to shift to households from bars and restaurants as the government restricts public gatherings to contain the COVID-19 pandemic.  Read more »

Cheapest Netflix in the Philippines to launch on mobile for P149

Jessica Fenol, ABS-CBN News
Posted at Mar 12 04:07 AM

Netflix aims to encourage consumers to sign-up with a "more compelling" mobile-only entry price at just P149, director for Product Innovation Patrick Flemming told reporters via video call.    Read more »

Netflix ramps up global subscribers, but sees slower growth ahead

Glenn Chapman, Agence France-Presse
Posted at Jan 22 05:59 PM

Netflix said Tuesday it added millions of new subscribers globally over the past quarter as it prepared up for a tougher competitive landscape, but scaled back its outlook for early 2020. Read more »

Small screen holds big appeal for Hollywood A-listers

Andrew Marszal, Agence France-Presse
Posted at Oct 30 03:15 PM

Once the vastly poorer cousin of film, the small screen has enjoyed a stunning renaissance as members of the binge-watching generation swap trips to the multiplex for nights on the couch streaming the latest "premium" hit show.   Read more »

Want to binge watch? New streaming TV services will make you wait

Lisa Richwine, Reuters
Posted at Oct 28 07:19 PM

Executives at AT&T's forthcoming HBO Max, a streaming service that will be unveiled to investors on Tuesday, plan to debut one new episode of its original series per week. Read more »