News

Quarry firm says landslide area in Cebu not part of operations

ABS-CBN News
Posted at Sep 20 04:58 PM

A firm which has quarrying rights to an area in Cebu that was struck by a landslide early Thursday said it has yet to start operations there. Read more »

Boracay resort owner says water utilities in charge of sewage treatment

ABS-CBN News
Updated as of Sep 19 07:46 PM

A Boracay resort owner said Wednesday that establishments on the island should not be obliged to put up their own sewage treatment plants (STP) because this is the job of water utility concessionaires.    Read more »

Dissecting Data: Inflation, peso as gov't looks to midterm

ABS-CBN News
Posted at Sep 18 04:18 PM

University of the Philippines economics professor Emmanuel de Dios helps analyze inflation data with Cathy Yang on ANC's Market Edge. Read more »

Ompong may stoke inflation but economic growth 'solid,' says S&P

ABS-CBN News
Posted at Sep 17 10:45 AM

The Philippine economy is still poised to grow 6.5 percent in the next couple of years, S&P Global Ratings economist Vincent Conti said. Read more »

AgriNurture inks rice supply deal with Vietnam's Vinafood

ABS-CBN News
Updated as of Sep 17 07:31 PM

Conditions of the agreement will follow Philippine laws, including but not limited to, the proposed tariffs on imported rice. Read more »

Ayala infra arm eyes more projects after NAIA

ABS-CBN News
Posted at Sep 13 04:50 PM

AC Infrastructure is looking for other projects after its consortium were awarded the Original Proponent Status (OPS) to rehabilitate the Ninoy Aquino International Airport (NAIA) Read more »

Euro chamber wary of second round of tax reforms

ABS-CBN News
Posted at Sep 12 04:52 PM

The head of a European business group said Wednesday its members were worried over the impact of the second package of tax reforms on operations. Read more »

Dissecting Data: Is the global trade war stoking inflation?

ABS-CBN News
Posted at Sep 10 04:54 PM

Cathy Yang and the ABS-CBN Data Analytics Group took a closer look at the numbers to see the impact of the trade spat on inflation in the region. Read more »

Inflation a 'prominent challenge' to Philippines, Moody's says

ABS-CBN News
Updated as of Sep 07 11:09 AM

With inflation reducing power, coupled with faster than expected interest rate increases, the Philippines will likely "fall far short" of Moody's 6.8-percent economic growth forecast for 2018. Read more »

Dissecting Data: Why is underemployment rising?

ABS-CBN News
Updated as of Sep 05 04:48 PM

Warren De Guzman and the ABS-CBN Data Analytics Group take a closer look at the numbers to see what's behind the higher underemployment.    Read more »

Unemployment eases, underemployment rises in July

ABS-CBN News
Updated as of Sep 05 10:17 AM

The unemployment rate declined to 5.4 percent from 5.6 percent while underemployment rose to 17.2 percent from 16.3 percent, according to the Philippine Statistics Authority's Labor Force Survey. Read more »

Inflation may hit 6 percent in August, analysts say

ABS-CBN News
Posted at Aug 31 10:44 AM

Bangko Sentral ng Pilipinas Governor Nestor Espenilla told ANC on Aug. 24 that inflation would likely peak in August or September and it was his "expectation" that it would not reach 6 percent. Read more »

Industry group pushes for business aviation in Philippines

ABS-CBN News
Posted at Aug 30 04:40 PM

Business aviation can help spur economic activity, especially in remote areas that are not served by commercial carriers, according to an industry group. Read more »

PH schools urged to shift focus to developing entrepreneurs

ABS-CBN News
Posted at Aug 27 07:06 PM

Philippine schools need to change their focus amid the changing business environment, an official of the Management Association of the Philippines (MAP) said on Monday.  Read more »

PH urged to invest more in IT infra instead of roads, bridges

ABS-CBN News
Posted at Aug 23 07:34 PM

Peter Lundgreen, founding CEO of Lundgreen Capital, said that while the Philippines needed better roads and other infrastructure, the country would see a bigger return on its money if it built better IT infrastructure. Read more »

Local e-payments firm sees market growth as BSP sets up fintech unit

ABS-CBN News
Updated as of Aug 20 07:13 PM

A local electronic payments startup on Monday said it welcomes the Bangko Sentral ng Pilipinas’ move to set up a unit to oversee financial technology development and regulate institutions offering electronic financial products and services. Read more »

Fil-Chinese businessmen not in favor of 2nd tax reform package: officials

ABS-CBN News
Updated as of Aug 16 05:03 PM

Domingo Yap, president of the business federation, said they are wary of the effects of TRAIN 2 after the first tax reform package resulted in faster inflation.    Read more »

Euro chamber worries federalism may make business more difficult

ABS-CBN News
Posted at Aug 15 05:45 PM

Instead of making business easier, federalism may make it even more difficult for investors to set up shop and operate, the head of a European business group said Wednesday.  Read more »

Outlook on property, infra, consumer 'positive,' says ATRAM

ABS-CBN News
Posted at Aug 13 10:49 AM

ATR Asset Management is "still quite positive: on property, infrastructure and consumer stocks, said its head of equities Julian Tarrobago.  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 »