News

PH may be more attractive as Brexit hangs: British Chamber

ABS-CBN News
Updated as of Jan 16 05:17 PM

The Philippines and other countries in Southeast Asia may become more attractive to British companies amid the uncertainty caused by Brexit, the head of a British business group said Wednesday. Read more »

Brexit deal expected to be rejected - analyst

ABS-CBN News
Posted at Jan 15 04:46 PM

The only question is by how large a margin will May lose the Brexit vote, according to Richard Cockett, business editor at The Economist. Read more »

Angkas seeks legal recognition as support swells

ABS-CBN News
Posted at Jan 15 09:50 AM

Angkas' Singapore-born CEO Angeline Tham said people often approach her to thank her for starting the service. She said a third of the service's driver pool were previously unemployed.   Read more »

Banking shares seen to recover from Hanjin selloff

ABS-CBN News
Updated as of Jan 14 10:20 AM

Banking stocks fell last Friday after news broke that 5 lenders were seeking to collect $412 million from Korean shipbuilder Hanjin, which sought court-assisted rehabilitation. Read more »

Hanjin creditors risk earnings hit if loans not provisioned: analyst

ABS-CBN News
Updated as of Jan 11 04:46 PM

Reeling from a global slowdown in shipping, Hanjin's Philippine unit sought court-assisted rehabilitation to pay 5 banks some $412 million. Read more »

'Build, Build, Build' can absorb Hanjin workers: employers' group

ABS-CBN News
Posted at Jan 11 03:33 PM

Hanjin's 3,000-strong workforce is "quite a big number," but construction firms catering to the government's infrastructure push can "easily absorb them," said Employers Confederation of the Philippines president Sergio Ortiz-Luis. Read more »

Hanjin creditors eye all options, 'will be alright,' says BPI president

Cathy Yang, ABS-CBN News
Posted at Jan 11 09:49 AM

Five Philippine lenders seeking to cover some $412 in loans to Hanjin are "in close contact with one another" and "will do what's best for the banking industry and for the country," Bank of the Philippine Islands president Cezar Consing said. Read more »

ICTSI eyes emerging markets as US-China trade war rages

ABS-CBN News
Updated as of Jan 10 02:17 PM

The company is always looking for potential markets to add to its "well-spread" portfolio, ICTSI Global Corp head Christian Gonzalez told ANC. Read more »

Cutting incentives not a deal-breaker for investors, says AmCham official

ABS-CBN News
Posted at Jan 09 05:30 PM

Fiscal incentives are good but many foreign investors can also live without them as long as infrastructure improves at a faster pace, an official of the Amercian Chamber of Commerce of the Philippines said Wednesday.  Read more »

Dissecting Data: Tracking inflation in 2018

ABS-CBN News
Posted at Jan 09 04:16 PM

ABS-CBN Data Analytics breaks down the numbers to determine the drivers of price increases in the past year. Read more »

Philippine shares close higher, near 8,000-level

ABS-CBN News
Posted at Jan 09 04:08 PM

The Philippine Stock Exchange Index closed 2.83 points higher to 7,919.67. Read more »

Trump asking 'too much' from China in trade talks: analyst

ABS-CBN News
Posted at Jan 07 04:12 PM

While Trump sent his best negotiators to the Chinese capital, he may not be able to offer much to Xi. Read more »

US-China trade war poses risk for PH but may be offset by poll spending - ICCP

ABS-CBN News
Posted at Jan 02 06:40 PM

An escalation of the trade war between the United States and China may pose a risk to the Philippine economy in 2019, the founder of an international business group said Wednesday.  Read more »

Philippine shares open higher to kick off 2019

ABS-CBN News
Posted at Jan 02 09:42 AM

Share prices historically open higher in January and foreign investors are also looking at bargains in the region, particularly in China and South Korea, an analyst said. Read more »

PH shares close lower on thin volume as global stocks fall

ABS-CBN News
Updated as of Dec 26 05:03 PM

Share prices closed lower Wednesday on thin volume, with investors maintaining their positions in the last 3 trading days of the year, an analyst said. Read more »

Brexit uncertainty couldn't stop Jollibee: British Chamber

ABS-CBN News
Posted at Dec 19 06:58 PM

The British Chamber of Commerce Philippines said this was because of the large number of Filipinos working and living in the UK.  Read more »

Steel industry group urges ban on discarded furnaces from China

ABS-CBN News
Updated as of Dec 18 10:16 PM

A group of local steel manufacturers is calling on the government to ban second hand steel furnaces from China, which produce lower quality steel and cause pollution. Read more »

Firm taps solar power in farms to reduce food costs

ABS-CBN News
Updated as of Dec 17 05:31 PM

Listed firm MRC Allied said Monday it was installing solar power systems in some of the country's farms to help bring down the cost of food production.  Read more »

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 »