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Chip industry needs at least another year to address global shortage: SEIPI

ABS-CBN News
Updated as of Jun 14 04:57 PM

The Semiconductor and Electronics Industries in the Philippines Foundation Inc said chip manufacturers cut down on equipment production last year in anticipation of lower demand with the onset of the pandemic.    Read more »

PH cement player taps data science and AI to cut carbon emissions

ABS-CBN News
Posted at Jun 09 11:16 AM

A Philippine cement player says it is using data science and artificial intelligence to cut its carbon emissions and make its manufacturing processes more sustainable. Read more »

Fintech may breed Philippines' next unicorn: analyst

ABS-CBN News
Posted at May 20 02:48 PM

In the Philippines, some fintech firms may be poised to achieve unicorn status, according to an analyst in Singapore. Read more »

Southeast Asia 'past the worst' of pandemic: equity analyst

ABS-CBN News
Posted at May 20 10:56 AM

“I’m not saying Southeast Asia is gonna fly, but I would say we’re past the worst,” said Andrew Stotz. Read more »

More businesses seen using chatbots and AI

ABS-CBN News
Posted at May 19 02:20 PM

More and more businesses will be employing chatbots to keep their customers engaged as the enterprises speed up their digitalization. Artificial intelligence is also making chatbots even more powerful.  Read more »

Pru Life UK credits growth to 'back to basics' and millennials

ABS-CBN News
Posted at May 18 12:05 PM

Antonio de Rosas, president and CEO of Pru Life UK told ANC Market Edge that while the insurance industry declined amid the disurptions of the pandemic, Pru Life UK managed to grow 3.6 percent based on a key industry metric.  Read more »

As Gamestop frenzy wanes, analyst warns of 'fake moves' by retail traders

ABS-CBN News
Updated as of Feb 15 06:01 PM

It is dangerous to trade speculative shares as prices tend to "always go back to the mean" and investors might get trapped when this happens, an analyst warned. Read more »

Online flower sales bloom before Valentine's amid pandemic

ABS-CBN News
Posted at Feb 12 11:16 AM

Online flower shops are raking it in before Valentine's Day as people prefer to have flowers delivered instead of going out to buy gifts for their loved ones amid the COVID-19 pandemic, the founder of Flowerstore.ph said Friday. Read more »

Can GameStop squeeze also happen in PH? Is it a bad thing? Analysts give their take

ABS-CBN News
Posted at Feb 03 07:34 PM

An analyst said this also happens in the country, even without short selling.  Read more »

Sugar not truly in our hearts: Jose Mari Chan says industry facing challenges

ABS-CBN News
Updated as of Dec 28 02:11 PM

Chan, who owns the Binalbagan-Isabela Sugar Company Inc. and A. Chan Sugar Corporation, said that the Philippines used to produce 2.6 million tons of sugar a year, but this is now down to just 2 million tons.  Read more »

1 missing, 1 injured in Marinduque after Rolly's onslaught: governor

Katrina Domingo, ABS-CBN News
Posted at Nov 02 10:39 AM

At least 1 person is missing while another one was injured in Marinduque after Typhoon Rolly triggered flash floods in the province over the weekend, Gov. Presbitero Velasco Jr. said Monday. Read more »

Philippine stocks see best week since June as virus slows, foreign buying up

Reuters
Posted at Oct 23 03:38 PM

Philippine stocks surged 2.2 percent on Friday closing at 6,484.06 to end the week with their biggest gain since June, bolstered by the easing of restrictions as new coronavirus cases showed signs of slowing.   Read more »

Filipinos visit less but spend more in stores during pandemic: Kantar PH

ABS-CBN News
Posted at Oct 14 11:22 AM

The frequency of shoppers’ trips to stores for fast moving consumer goods was “the lowest” in at least the last 5 years, said Kantar Philippines World Panel Division Business and Retail director Lourdes Deocareza-Lozano. Read more »

Remittances poised for drop due to virus as BSP pledges to do 'whatever it takes'

ABS-CBN News
Updated as of Jun 16 01:47 PM

Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Tuesday dollar remittances this year could shrink due to the coronavirus pandemic, adding he would do "whatever it takes" to support the economy. Read more »

Gokongwei group goes 'head on' digital to keep up with pandemic

ABS-CBN News
Updated as of Jun 15 02:53 PM

The Gokongwei group is accelerating the digitization of its businesses as the coronavirus requires consumers to keep apart physically and spend carefully, its CEO said Monday. Read more »

LRT-1 to commuters: Give 30-minute allowance under new normal

ABS-CBN News
Updated as of Jun 08 10:36 AM

Trains of LRT-1 are disinfected using UV light for 30 minutes after every run, one of several safety measures against the COVID-19 pandemic, its operator said Monday. Read more »

Unemployment jump to show lockdown toll on Philippines: economist

ABS-CBN News
Updated as of Jun 04 10:24 AM

Unemployment likely soared during the virus lockdown, an economist said Thursday on the eve of the official data release, as the Philippines started easing restrictions. Read more »

Foodpanda grows rider, restaurant partners in new normal

ABS-CBN News
Updated as of Jun 03 10:01 AM

Foodpanda is growing its stable of rider and restaurant partners as the coronavirus pandemic continues to keep people indoors despite the loosening of lockdowns. Read more »

Economy back to 75 percent capacity by July, Bangko Sentral says

ABS-CBN News
Updated as of Jun 02 10:07 AM

Diokno will convene the Monetary Board on June 25 after cutting the benchmark interest rate by 125 basis points this year, 100 of which was delivered during the lockdown or enhanced community quarantine. Read more »

Megaworld malls going 'above' gov't requirements for virus checks

ABS-CBN News
Updated as of May 20 10:09 AM

Megaworld said Wednesday its shopping malls were going "above" government-prescribed measures against the COVID-19 pandemic with foot traffic expected to increase gradually. Read more »