News

PH electronics firms wary of US-China trade spat, TRAIN 2

ABS-CBN News
Updated as of Jun 18 09:42 PM

Philippine electronics exporters are wary of a possible trade war between the United States and China, the chair of the Semiconductors and Electronics Industries of the Philippines (SEIPI) said on Monday.  Read more »

Economic managers in Japan for investment roadshow

ABS-CBN News
Posted at Jun 18 10:34 AM

An economic briefing is scheduled in the Japanese capital on Monday. Filipino officials will also pitch the Philippines planned samurai or yen-denominated bonds, officials said. Read more »

TRAIN 2 consultations ongoing, trade chief says

ABS-CBN News
Posted at Jun 15 04:49 PM

Incentives under the proposed regime will be performance-based, time-bound, focused and transparent, Trade Secretary Ramon Lopez said.   Read more »

Filipino dads break stereotypes with Google searches

ABS-CBN News
Posted at Jun 15 10:15 AM

Filipino fathers are searching the internet for food, parenting and home decorating tips, challenging gender stereotypes, a Google analyst said Friday. Read more »

Maynilad says weak peso will 'impact' on tariff hike

ABS-CBN News
Posted at Jun 14 04:32 PM

Maynilad Water Services on Thursday said a weak peso would "impact" a potential tariff increase since the local unit's slide would pad borrowing costs. Read more »

Depression cuts across income, age groups, helpline founder says

ABS-CBN News
Posted at Jun 14 04:19 PM

In the Philippines, people as young as 14 years old were reported to have taken their lives. Those who commit suicide are also often employed or run their own business, said Jean Goulbourn, founder of the Natasha Goulbourn Foundation. Read more »

'Storage Wars' inspires business for space-starved urbanites

ABS-CBN News
Posted at Jun 13 10:26 PM

Two women entrepreneurs credit the US reality show "Storage Wars" for inspiring them to set up a storage for rent business in Metro Manila.  Read more »

PH a 'hard sell' to foreign investors: European business group

ABS-CBN News
Posted at Jun 13 04:43 PM

The Philippines is currently a "hard sell" to foreign investors as the country reviews corporate income taxes and incentives, the head of a European trade group said on Wednesday. Read more »

Why the peso is languishing vs the dollar

ABS-CBN News
Updated as of Jun 13 05:57 PM

The peso touched the 53 level against the dollar on Wednesday, as investors awaited interest rate decisions in the US and Europe. Read more »

Denuclearization of North Korea won't happen overnight- analyst

ABS-CBN News
Updated as of Jun 12 08:17 PM

North Korea is unlikely to get rid of its nuclear weapons in the "near future" despite the historic meeting between US President Donald Trump and North Korean leader Kim Jong Un, a global security analyst said on Tuesday.  Read more »

Rising prices unlikely to stir unrest against Duterte: analyst

ABS-CBN News
Posted at Jun 11 05:30 PM

More expensive rice is hitting lower income groups who are not likely to hold protests, said Bob Herrera-Lim, Southeast Asia managing director of consultancy firm Teneo Holdings.  Read more »

Peso nears 53 vs $1, economic managers not worried

ABS-CBN News
Updated as of Jun 11 09:22 PM

The peso hovered near the P53 to the dollar level, holding at its lowest level in 12 years, but economic managers said they were not worried. Read more »

Cemex bets P3 billion plant upgrade on 'Build, Build, Build'

ABS-CBN News
Posted at Jun 11 10:22 AM

Cemex expects "very significant growth" in construction for the third straight year. Read more »

Filipinos need risk, wealth management services: consultant

ABS-CBN News
Posted at Jun 08 04:52 PM

Global wealth management firm Lombard Odier Group on Friday said the demand for financial services prompted its partnership with Unionbank to bring risk management and advisory expertise here in the country. Read more »

Gokongwei group's app-based loan service promises low interest rates

ABS-CBN News
Updated as of Jun 07 04:00 PM

Cashalo, the Gokongwei Group's financial technology venture, is offering unbanked Filipinos the lowest interest rates on loans using their mobile phone, co-founder Lance Gokongwei said Wednesday. Read more »

Dissecting Data: Revenue losses, gains from TRAIN in Q1

ABS-CBN News
Updated as of May 30 04:06 PM

The Bureau of Internal Revenue expected to lose P36 billion in revenue from lower income tax rates and recover some of this through higher duties on fuel, tobacco and sugar-sweetened drinks.  Read more »

What you need to know before investing in crypto

ABS-CBN News
Updated as of May 29 07:34 AM

An investor who saw a 39,000 percent increase in his bitcoin investment warned on Monday that many cryptocurrency investment schemes right now are scams. Read more »

First round of fuel tax hikes 'preserved' under TRAIN: finance official

ABS-CBN News
Updated as of May 28 04:28 PM

A breach of the $80 per barrel threshold for Dubai crude will cause the suspension of additional excise taxes on fuel, but it will not roll back additional duties implemented this year, a finance official said Monday. Read more »

'Cryptojacking, cryptomining': Analyst warns of new ransomware on the rise

ABS-CBN News
Posted at May 24 09:49 PM

New types of ransomware is coming through because of the popularity of new devices, such as Android phones, an analyst said Thursday.   Read more »

PH economy has 'buffers,' but 'not immune' from high interest rates: Fitch

ABS-CBN News
Updated as of May 18 11:19 AM

The Philippine economy has built "buffers" against global risks, with high foreign exchange reserves and low public debt levels, an analyst said Friday. Read more »