News

European businessman bats for suspension of fuel tax hike

ABS-CBN News
Posted at Dec 05 05:01 PM

A European businessman said Wednesday that the government should suspend the second tranche of fuel excise tax increases next year amid uncertainty that the inflation will continue to slow down.  Read more »

Euro group says 'more needs to be done' to make business easier in PH

ABS-CBN News
Posted at Dec 04 08:53 PM

Nabil Francis, president of the ECCP, said that in terms of ease of doing business, the Philippines "still has a long way to go." Read more »

Chinese investors pulling out of US in 'startling' pace, says finance lawyer

ABS-CBN News
Updated as of Nov 30 01:16 PM

Although there are still Chinese investments entering the US, many are also divesting large assets in haste, New York Project Finance lawyer Paolo Boado said an interview with ANC's Market Edge.   Read more »

China-US tiff goes beyond tariffs and trade: analyst

ABS-CBN News
Updated as of Nov 30 07:37 PM

Daniel Franklin, executive and diplomatic editor of The Economist said the US now sees China as a strategic rival. Read more »

DOF reviews recommendation to suspend fuel tax hikes in January

ABS-CBN News
Posted at Nov 27 03:50 PM

Oil prices have plummeted in recent weeks, prompting the DOF to rethink its recommendation to Malacanang. Read more »

Credit info system vital to growth of lending in PH says stakeholder

ANC Market Edge
Posted at Nov 21 11:00 PM

The head of the Philippines’ only central credit registry, Credit Information Corporation said Wednesay that having credit information systems was vital to economic growth.  Read more »

Markets on 'wait and see' on PH-China deals: analyst

ABS-CBN News
Posted at Nov 21 10:50 AM

Twenty-nine deals were signed late Tuesday as President Rodrigo Duterte hosted Xi Manila, including a memorandum of understanding on cooperation on oil and gas development. Read more »

Mislatel prepared for 'fast, strong' third telco rollout: spokesman

ABS-CBN News
Updated as of Nov 21 11:47 AM

Filipino-Chinese consortium Mislatel, which won rights to establish a third telco, has "hit the ground running" to meet regulator requirements, its spokesman said Wednesday. Read more »

IKEA's challenge: Predicting best-seller in Philippines

ABS-CBN News
Updated as of Nov 21 10:51 AM

IKEA plans to open its first store in the Philippines, also the world's largest, as early as October 2020. Read more »

Author urges women leaders to 'Kick Some Glass' and rise to the top

ABS-CBN News
Posted at Nov 19 08:13 PM

Despite the gains made by women over the years, there is still a "glass ceiling" that's keeping many female leaders from rising to the top, an author said. Read more »

European group warns vs taxing healthcare benefits

ABS-CBN News
Posted at Nov 14 05:13 PM

European businessmen are concerned over a recent memorandum from the country's main tax agency saying healthcare benefits can be taxed.  Read more »

San Miguel unaffected by inflation, Ang says

Michelle Ong, ABS-CBN News
Updated as of Nov 12 11:45 AM

San Miguel, which raised P39 billion from the sale of new shares, will add 20 million hectoliters to its current capacity of 22 million hectoliters, Ang told reporters. Read more »

Capping tourist numbers in Boracay not feasible, says Euro chamber official

ABS-CBN News
Posted at Nov 07 10:27 PM

MANILA - The government's plan to cap the number of tourists going to Boracay to protect its environment is not likely going to work, a resort owner who also heads a European business group said Wednesday.  Read more »

Digital transformation mitigating inflation: Microsoft PH official

ABS-CBN News
Posted at Nov 06 07:47 PM

Christian Lim, chief operating officer of Microsoft in the country, said e-commerce has helped keep prices from rising further as goods purchased online tend to be cheaper because of lower logistical costs compared to similar goods bought from physical stores. Read more »

Dissecting Data: October inflation and Q3 GDP

ABS-CBN News
Updated as of Nov 06 08:11 AM

This year's third quarter inflation was at 6.2 percent. Read more »

Builders face manpower shortage, high cost of materials amid boom

ABS-CBN News
Posted at Nov 05 10:24 PM

Prices of construction materials have gone up while skilled manpower has become harder to come by as both the government and the private sector embark on massive projects. Read more »

Democrats 'clear favorites' in US polls but still unsure of House control- analyst

ABS-CBN News
Posted at Nov 05 05:13 PM

The Democrats have a "clear and convincing" lead in the polls, but are not assured of taking control of the US House of Representatives during the midterm elections this week, an analyst with the Economist said Monday. Read more »

Chavit Singson-backed third telco bidder bets on satellite edge

ABS-CBN News
Updated as of Nov 02 10:52 PM

MANILA (UPDATED) -- Internet provider Tier1 will pursue its bid to set up a third telecommunications player, betting on its satellite capability, one of its partners, former Ilocos Sur Governor Luis "Chavit" Singson said Friday. Read more »

Dissecting Data: Can holiday remittances boost the peso?

ABS-CBN News
Updated as of Nov 02 03:55 PM

Can holiday remittances lift the peso, which has languished at its lowest levels in 12 years against the dollar? Read more »

Third telco bidders seen forming alliances as selection nears

ABS-CBN News
Posted at Nov 02 09:58 AM

Alliances among potential bidders will likely be formed ahead of the government's naming of a third telco player to challenge the dominance of PLDT Inc and Globe Telecom. Read more »