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PAL, AFP sign deal on military personnel’s travel privileges

Philippine Airlines and the Armed Forces of the Philippines signed a memorandum of agreement providing travel privileges in the form of discounts on domestic economy or business class tickets.  
GMA News Online / Money / Economy

PAL, AFP sign deal on military personnel’s travel privileges

Philippine Airlines and the Armed Forces of the Philippines signed a memorandum of agreement providing travel privileges in the form of discounts on domestic economy or business class tickets.  

Philippines to miss inflation target for 2018 --economists

Economists are now definite that inflation will breach the government’s target of 2- to 4-percent for the full-year 2018, after it accelerated at the fastest pace in over nine years at 6.4 percent in August.
GMA News Online / Money / Economy

Philippines to miss inflation target for 2018 --economists

Economists are now definite that inflation will breach the government’s target of 2- to 4-percent for the full-year 2018, after it accelerated at the fastest pace in over nine years at 6.4 percent in August.

Global equities run out of steam, bond yields fall after Fed

TOKYO -- Global equities ran out of steam and US bond yields fell after the Federal Reserve raised interest rates as expected, sticking to its script of gradual policy tightening with forecasts of five more rate hikes by 2020.
GMA News Online / Money / Economy

Global equities run out of steam, bond yields fall after Fed

TOKYO -- Global equities ran out of steam and US bond yields fell after the Federal Reserve raised interest rates as expected, sticking to its script of gradual policy tightening with forecasts of five more rate hikes by 2020.

63% of Pinoys want Duterte admin to address inflation --Pulse Asia

More than half or 63 percent of Filipinos want the Duterte administration to address inflation or the continuous price increases on basic commodities, while only three percent want focus on changing the 1987 Constitution.
GMA News Online / Money / Economy

63% of Pinoys want Duterte admin to address inflation --Pulse Asia

More than half or 63 percent of Filipinos want the Duterte administration to address inflation or the continuous price increases on basic commodities, while only three percent want focus on changing the 1987 Constitution.

Reports of influx of Chinese workers raises concern

Senator Franklin Drilon had flagged DOLE over the issuance of more than half of all Alien Employment permits (AEPs) to Chinese nationals in the past two years.
GMA News Online / Money / Economy

Reports of influx of Chinese workers raises concern

Senator Franklin Drilon had flagged DOLE over the issuance of more than half of all Alien Employment permits (AEPs) to Chinese nationals in the past two years.

Health stocks lift Wall Street as banks dip ahead of expected rate hike

Healthcare stocks helped prop up Wall Street on Wednesday, although banks slipped ahead of a widely expected interest rate hike by the U.S. Federal Reserve.
GMA News Online / Money / Economy

Health stocks lift Wall Street as banks dip ahead of expected rate hike

Healthcare stocks helped prop up Wall Street on Wednesday, although banks slipped ahead of a widely expected interest rate hike by the U.S. Federal Reserve.

BSP to tighten interest rates by 50 basis points on Thursday, Sept. 27 --FMIC, UA&P

The Bangko Sentral ng Pilipinas is raising interest rates by another 50 basis points during a policy-setting meeting on Thursday, September 27, according to First Metro Investment Corp. and the University of Asia and the Pacific.
GMA News Online / Money / Economy

BSP to tighten interest rates by 50 basis points on Thursday, Sept. 27 --FMIC, UA&P

The Bangko Sentral ng Pilipinas is raising interest rates by another 50 basis points during a policy-setting meeting on Thursday, September 27, according to First Metro Investment Corp. and the University of Asia and the Pacific.

Palace: ADB downgrade of PHL growth projections not a surprise

The Asian Development Bank’s (ADB) decision to downgrade the growth prospects for the Philippines did not surprise Malacañang as the government had already anticipated a slowdown as a result of some policy decisions, presidential spokesperson Harry Roque s
GMA News Online / Money / Economy

Palace: ADB downgrade of PHL growth projections not a surprise

The Asian Development Bank’s (ADB) decision to downgrade the growth prospects for the Philippines did not surprise Malacañang as the government had already anticipated a slowdown as a result of some policy decisions, presidential spokesperson Harry Roque said Wednesday.

PSEi slips ahead of Bangko Sentral, Fed policy moves

Philippine shares extended their losing streak on Wednesday as many investors took to the sidelines ahead of the interest rate decisions by the US Federal Reserve and Bangko Sentral ng Pilipinas.
GMA News Online / Money / Economy

PSEi slips ahead of Bangko Sentral, Fed policy moves

Philippine shares extended their losing streak on Wednesday as many investors took to the sidelines ahead of the interest rate decisions by the US Federal Reserve and Bangko Sentral ng Pilipinas.

Full-blown trade war would cost jobs, growth and stability -- WTO's Azevedo

A full-blown trade war would have serious effects on global economic growth and there would be no winners in such a scenario, the director-general of the World Trade Organization (WTO), Roberto Azevedo, said on Tuesday.
GMA News Online / Money / Economy

Full-blown trade war would cost jobs, growth and stability -- WTO's Azevedo

A full-blown trade war would have serious effects on global economic growth and there would be no winners in such a scenario, the director-general of the World Trade Organization (WTO), Roberto Azevedo, said on Tuesday.

Wall Street flat as energy gains offset by Facebook, chip stocks

The three main U.S. stock indexes were little changed on Tuesday, as energy stocks gained with oil prices hitting a four-year high, offsetting losses in Facebook and chipmakers.
GMA News Online / Money / Economy

Wall Street flat as energy gains offset by Facebook, chip stocks

The three main U.S. stock indexes were little changed on Tuesday, as energy stocks gained with oil prices hitting a four-year high, offsetting losses in Facebook and chipmakers.

Instagram co-founders resign in latest Facebook executive exit

Instagram on Monday said co-founders Kevin Systrom and Mike Krieger have resigned as chief executive officer and chief technical officer of the photo-sharing app owned by Facebook Inc, giving scant explanation for the move.
GMA News Online / Money / Economy

Instagram co-founders resign in latest Facebook executive exit

Instagram on Monday said co-founders Kevin Systrom and Mike Krieger have resigned as chief executive officer and chief technical officer of the photo-sharing app owned by Facebook Inc, giving scant explanation for the move.

US trade chief says China policy change ‘not going to be easy’

US President Donald Trump's top trade official said on Tuesday that changing China's economic policies to become more market-oriented «is not going to be easy» even with tariffs now in place on $250 billion worth of Chinese goods.
GMA News Online / Money / Economy

US trade chief says China policy change ‘not going to be easy’

US President Donald Trump's top trade official said on Tuesday that changing China's economic policies to become more market-oriented «is not going to be easy» even with tariffs now in place on $250 billion worth of Chinese goods.

Peso sinks to new 12-year low

The Philippine peso softened for the second consecutive trading day on Tuesday to carve a news 12-year low as trade tensions between China and the United States continued to intensify.  
GMA News Online / Money / Economy

Peso sinks to new 12-year low

The Philippine peso softened for the second consecutive trading day on Tuesday to carve a news 12-year low as trade tensions between China and the United States continued to intensify.  

Fisherfolk call for easing restrictions on fish pens

The Bangus Industry Stakeholders and Dealers Alliance has called for easing  restrictions on fish pens in Laguna to increase the supply and lower prices of milkfish (bangus) in the country.  
GMA News Online / Money / Economy

Fisherfolk call for easing restrictions on fish pens

The Bangus Industry Stakeholders and Dealers Alliance has called for easing  restrictions on fish pens in Laguna to increase the supply and lower prices of milkfish (bangus) in the country.  

Minimum wage in NCR to increase by at least P20 in October -- DOLE

There could be a slight hike in the minimum daily wage in Metro Manila next month, the Department of Labor and Employment (DOLE) said Tuesday.
GMA News Online / Money / Economy

Minimum wage in NCR to increase by at least P20 in October -- DOLE

There could be a slight hike in the minimum daily wage in Metro Manila next month, the Department of Labor and Employment (DOLE) said Tuesday.

Additional 750,000 MT rice imports to lower prices -- NFA spox

The additional rice importation of a total of 750,000 metric tons to arrive at the end of the year is aimed to flood the market with cheaper variety and eventually lower prices of commercial rice, the National Food Authority (NFA) said Tuesday.  
GMA News Online / Money / Economy

Additional 750,000 MT rice imports to lower prices -- NFA spox

The additional rice importation of a total of 750,000 metric tons to arrive at the end of the year is aimed to flood the market with cheaper variety and eventually lower prices of commercial rice, the National Food Authority (NFA) said Tuesday.  

PSEi drops 1.37% on concerns about soaring inflation

Share prices on the Philippine Stock Exchange closed in the red on Tuesday as investors booked profits amid expectations of faster inflation in September
GMA News Online / Money / Economy

PSEi drops 1.37% on concerns about soaring inflation

Share prices on the Philippine Stock Exchange closed in the red on Tuesday as investors booked profits amid expectations of faster inflation in September

Rice crop damage from Ompong a small part of total harvest --SINAG

There is enough rice supply to cover the damage inflicted on crops by Supertyphoon Ompong, according to the Samahang Industriya ng Agrikultura.  
GMA News Online / Money / Economy

Rice crop damage from Ompong a small part of total harvest --SINAG

There is enough rice supply to cover the damage inflicted on crops by Supertyphoon Ompong, according to the Samahang Industriya ng Agrikultura.  

PHL wholesale prices up 9.0% in July, from 2.7% a year earlier

Wholesale prices of commodities in the country grew by 9.0 percent in July, data released by the Philippine Statistics Authority on Tuesday showed.  
GMA News Online / Money / Economy

PHL wholesale prices up 9.0% in July, from 2.7% a year earlier

Wholesale prices of commodities in the country grew by 9.0 percent in July, data released by the Philippine Statistics Authority on Tuesday showed.  

Airbus Defence banks on AFP modernization grow business in the Philippines

Airbus Defence and Space, the military aircraft unit of Airbus, is banking on the Armed Forces of the Philippines modernization program to grow its business in the country.  
GMA News Online / Money / Economy

Airbus Defence banks on AFP modernization grow business in the Philippines

Airbus Defence and Space, the military aircraft unit of Airbus, is banking on the Armed Forces of the Philippines modernization program to grow its business in the country.  

Stocks pressured as US-China trade fight revives growth fears; oil elevated

Asian stocks struggled on Tuesday as the latest round of US-China tariffs revived fears the trade dispute would knock global growth, while crude oil was elevated near four-year highs after Saudi Arabia and Russia ruled out immediate production increases.
GMA News Online / Money / Economy

Stocks pressured as US-China trade fight revives growth fears; oil elevated

Asian stocks struggled on Tuesday as the latest round of US-China tariffs revived fears the trade dispute would knock global growth, while crude oil was elevated near four-year highs after Saudi Arabia and Russia ruled out immediate production increases.

Duterte has certified Security of Tenure Bill as urgent --Villanueva

President Rodrigo Duterte has certified as urgent the bill seeking to eliminate the practice of “endo” by employers and guarantee security of tenure of workers, Senator Joel Villanueva said Tuesday.
GMA News Online / Money / Economy

Duterte has certified Security of Tenure Bill as urgent --Villanueva

President Rodrigo Duterte has certified as urgent the bill seeking to eliminate the practice of “endo” by employers and guarantee security of tenure of workers, Senator Joel Villanueva said Tuesday.

Wall Street lower as industrials, tech fall on trade woes

U.S. stock indexes fell on Monday, with industrial and technology shares bearing the brunt of the latest round of U.S.-China tariffs as neither country showed signs of backing down from a protracted trade war.
GMA News Online / Money / Economy

Wall Street lower as industrials, tech fall on trade woes

U.S. stock indexes fell on Monday, with industrial and technology shares bearing the brunt of the latest round of U.S.-China tariffs as neither country showed signs of backing down from a protracted trade war.

Snapchat ties up with Amazon for point-and-buy

Snap Inc said on Monday it is testing a new way to search for products on Amazon.com through its Snapchat app's camera, allowing users to shop directly using the messaging app.
GMA News Online / Money / Economy

Snapchat ties up with Amazon for point-and-buy

Snap Inc said on Monday it is testing a new way to search for products on Amazon.com through its Snapchat app's camera, allowing users to shop directly using the messaging app.

China says US trying to force it to submit on trade as new tariffs kick in

The United States and China imposed fresh tariffs on each other's goods on Monday as the world's biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to hit global economic growth.
GMA News Online / Money / Economy

China says US trying to force it to submit on trade as new tariffs kick in

The United States and China imposed fresh tariffs on each other's goods on Monday as the world's biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to hit global economic growth.

PSEi extends winning streak for third consecutive day

Philippine share prices continued to climb for the third consecutive session on Monday, as tensions between the world's biggest economies have started to wear out.
GMA News Online / Money / Economy

PSEi extends winning streak for third consecutive day

Philippine share prices continued to climb for the third consecutive session on Monday, as tensions between the world's biggest economies have started to wear out.

Peso marks fresh 12-year low as US-China trade war deepens

The Philippine peso weakened amid a deepening tariffs battle between the world’s two largest economies, to mark a fresh 12-year low on Monday, after China and the United States canceled trade discussions .
GMA News Online / Money / Economy

Peso marks fresh 12-year low as US-China trade war deepens

The Philippine peso weakened amid a deepening tariffs battle between the world’s two largest economies, to mark a fresh 12-year low on Monday, after China and the United States canceled trade discussions .

DA to ask for supplemental budget to rehab Ompong-stricken areas

The Department of Agriculture (DA) will ask Congress to allocate additional funds for the rehabilitation of provinces severely hit by Typhoon Ompong.
GMA News Online / Money / Economy

DA to ask for supplemental budget to rehab Ompong-stricken areas

The Department of Agriculture (DA) will ask Congress to allocate additional funds for the rehabilitation of provinces severely hit by Typhoon Ompong.

BIS warns global economy risks crisis ‘relapse’

The Bank of International Settlements said Sunday the global economy risked a «relapse» of the crisis that rocked it a decade ago, warning there was little «medicine» left to treat the patient a second time.
GMA News Online / Money / Economy

BIS warns global economy risks crisis ‘relapse’

The Bank of International Settlements said Sunday the global economy risked a «relapse» of the crisis that rocked it a decade ago, warning there was little «medicine» left to treat the patient a second time.

Anger mounts in Zambia over Beijing's presence

«China equals Hitler» said the sign held up in the Zambian capital Lusaka by a protester opposed to Beijing's tightening grip on the economy of the southern African nation.
GMA News Online / Money / Economy

Anger mounts in Zambia over Beijing's presence

«China equals Hitler» said the sign held up in the Zambian capital Lusaka by a protester opposed to Beijing's tightening grip on the economy of the southern African nation.

OPEC, Russia rebuff Trump’s call for immediate boost to oil output

OPEC's leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional increase in crude output, effectively rebuffing US President Donald Trump's calls for action to cool the market.
GMA News Online / Money / Economy

OPEC, Russia rebuff Trump’s call for immediate boost to oil output

OPEC's leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional increase in crude output, effectively rebuffing US President Donald Trump's calls for action to cool the market.