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Tourism chief Puyat says PAL agreed to limit Boracay flights

Tourism Secretary Bernadette Romulo-Puyat said Thursday that Philippine Airlines has agreed to cut the frequency of flights to Boracay amid the government’s goal of limiting the number of people in the island resort.
GMA News Online / Money / Economy

Tourism chief Puyat says PAL agreed to limit Boracay flights

Tourism Secretary Bernadette Romulo-Puyat said Thursday that Philippine Airlines has agreed to cut the frequency of flights to Boracay amid the government’s goal of limiting the number of people in the island resort.

Water rate hike looms for Maynilad customers in October

Customers of West Zone concessionaire Maynilad Water Services Inc. should brace for higher water bills in October as the MWSS granted the company's petitions for rate adjustments.
GMA News Online / Money / Economy

Water rate hike looms for Maynilad customers in October

Customers of West Zone concessionaire Maynilad Water Services Inc. should brace for higher water bills in October as the MWSS granted the company's petitions for rate adjustments.

Wall Street gains on tech rebound, trade relief

U.S. stocks rose on Thursday as Apple led a rebound in technology shares and trade worries eased after China said it was open to fresh talks with the United States.
GMA News Online / Money / Economy

Wall Street gains on tech rebound, trade relief

U.S. stocks rose on Thursday as Apple led a rebound in technology shares and trade worries eased after China said it was open to fresh talks with the United States.

Zarate hits telcos over delayed text alerts on Typhoon Ompong

Bayan Muna party-list Representative Carlos Zarate on Thursday accused telecommunication companies of violating the Free Mobile Disaster Alerts Law due to the supposedly delayed text alerts providing information about Typhoon Ompong.
GMA News Online / Money / Economy

Zarate hits telcos over delayed text alerts on Typhoon Ompong

Bayan Muna party-list Representative Carlos Zarate on Thursday accused telecommunication companies of violating the Free Mobile Disaster Alerts Law due to the supposedly delayed text alerts providing information about Typhoon Ompong.

Power rates go down in September

Despite the rising inflation and peso depreciation, the Manila Electric Company (Meralco) says there is a P0.15 per kWh decrease in overall electricity rates in September.
GMA News Online / Money / Economy

Power rates go down in September

Despite the rising inflation and peso depreciation, the Manila Electric Company (Meralco) says there is a P0.15 per kWh decrease in overall electricity rates in September.

Lapeña says BOC not delaying release of rice shipments

Customs Commissioners Isidro Lapeña said Thursday the Bureau of Customs (BOC) is not delaying the release of rice importations, which allegedly blamed for the spike in the price of the commodity.  
GMA News Online / Money / Economy

Lapeña says BOC not delaying release of rice shipments

Customs Commissioners Isidro Lapeña said Thursday the Bureau of Customs (BOC) is not delaying the release of rice importations, which allegedly blamed for the spike in the price of the commodity.  

Do not abolish, but restructure NFA Council, says solon

Anakpawis party-list Representative Ariel Casilao on Thursday said the National Food Authority Council should be restructured and overhauled, not abolished as what President Rodrigo Duterte suggested.  
GMA News Online / Money / Economy

Do not abolish, but restructure NFA Council, says solon

Anakpawis party-list Representative Ariel Casilao on Thursday said the National Food Authority Council should be restructured and overhauled, not abolished as what President Rodrigo Duterte suggested.  

Asian shares win reprieve on China-US trade talk hopes

TOKYO -- Asian shares won a reprieve on Thursday as news the Trump administration has reached out to China for a new round of trade talks raised hopes a deal could be struck in the bitter tariff dispute between the world's two biggest economies.
GMA News Online / Money / Economy

Asian shares win reprieve on China-US trade talk hopes

TOKYO -- Asian shares won a reprieve on Thursday as news the Trump administration has reached out to China for a new round of trade talks raised hopes a deal could be struck in the bitter tariff dispute between the world's two biggest economies.

Dow, S&P 500 end up slightly higher after trade talk news; Apple slips

The Dow and S&P 500 ended slightly higher on Wednesday after news of a fresh round of U.S.-China trade talks, while the Nasdaq fell following a decline in Apple as it unveiled larger iPhones but made just minor changes to its offerings.
GMA News Online / Money / Economy

Dow, S&P 500 end up slightly higher after trade talk news; Apple slips

The Dow and S&P 500 ended slightly higher on Wednesday after news of a fresh round of U.S.-China trade talks, while the Nasdaq fell following a decline in Apple as it unveiled larger iPhones but made just minor changes to its offerings.

No price hike from manufacturers on some basic goods for next 3 months --DTI

DTI Undersecretary Ruth Castelo said they were able to convince the manufacturers in a meeting on August 17 to hold off price increases for food items including canned sardines, canned meat, coffee, milk, instant noodles, bread, salt, soy sauce, fish sauce, v
GMA News Online / Money / Economy

No price hike from manufacturers on some basic goods for next 3 months --DTI

DTI Undersecretary Ruth Castelo said they were able to convince the manufacturers in a meeting on August 17 to hold off price increases for food items including canned sardines, canned meat, coffee, milk, instant noodles, bread, salt, soy sauce, fish sauce, vinegar, bottled water and candles.

Jason Aquino goes on leave while Duterte looks for replacement NFA chief

National Food Authority (NFA) administrator Jason Aquino has gone on leave after President Rodrigo Duterte announced that he was looking to replace Aquino amid the shortage of cheap state-subsidized NFA rice.
GMA News Online / Money / Economy

Jason Aquino goes on leave while Duterte looks for replacement NFA chief

National Food Authority (NFA) administrator Jason Aquino has gone on leave after President Rodrigo Duterte announced that he was looking to replace Aquino amid the shortage of cheap state-subsidized NFA rice.

Gov't urged to act on soaring sugar prices as local processors affected

The Agricultural Committee of the Philippine Chamber of Commerce Industry, Inc. (PCCI) urged the government to implement policies that would address the impact of inflation on the price of sugar.
GMA News Online / Money / Economy

Gov't urged to act on soaring sugar prices as local processors affected

The Agricultural Committee of the Philippine Chamber of Commerce Industry, Inc. (PCCI) urged the government to implement policies that would address the impact of inflation on the price of sugar.

PSEi slips below 7,500 support area, as peso breaches P54:$1

Share prices on the Philippine Stock Exchange lost for the sixth straight session on Wednesday, as the peso finally broke the P54:$1 and foreign funds continued to sell stock positions.  
GMA News Online / Money / Economy

PSEi slips below 7,500 support area, as peso breaches P54:$1

Share prices on the Philippine Stock Exchange lost for the sixth straight session on Wednesday, as the peso finally broke the P54:$1 and foreign funds continued to sell stock positions.  

Joint reso filed to provide NFA supplemental P10 billion for palay

Progressive lawmakers from the House of Representatives on Wednesday filed a joint resolution providing for a supplemental P10-billion for the National Food Authority (NFA) in order to address the rice crisis in the country.
GMA News Online / Money / Economy

Joint reso filed to provide NFA supplemental P10 billion for palay

Progressive lawmakers from the House of Representatives on Wednesday filed a joint resolution providing for a supplemental P10-billion for the National Food Authority (NFA) in order to address the rice crisis in the country.

Peso weakens beyond P54:$1 level on global trade worries

The Philippine peso slipped beyond the P54:$1 level on Wednesday, its worst showing in nearly 13 years, weighed by concerns about the state of global trade.  
GMA News Online / Money / Economy

Peso weakens beyond P54:$1 level on global trade worries

The Philippine peso slipped beyond the P54:$1 level on Wednesday, its worst showing in nearly 13 years, weighed by concerns about the state of global trade.  

Asian stocks wobble near 14-month lows on simmering trade worries

Asian stocks were pinned near 14-month lows on Wednesday, as investor confidence was chilled by the latest round of verbal threats in an intensifying US-China trade conflict.
GMA News Online / Money / Economy

Asian stocks wobble near 14-month lows on simmering trade worries

Asian stocks were pinned near 14-month lows on Wednesday, as investor confidence was chilled by the latest round of verbal threats in an intensifying US-China trade conflict.

ADB cites opportunities in meeting Asia Pacific’s funding gap for transport sector

Investment opportunities now exist in the Asia Pacific region to meet the $8.4 trillion in funding required by the transport sector until 2030, the Asian Development Bank  said Wednesday.  
GMA News Online / Money / Economy

ADB cites opportunities in meeting Asia Pacific’s funding gap for transport sector

Investment opportunities now exist in the Asia Pacific region to meet the $8.4 trillion in funding required by the transport sector until 2030, the Asian Development Bank  said Wednesday.  

Sotto says Arroyo asked him to read House version of TRAIN 2 for possible adoption by Senate

Senate President Vicente Sotto III on Tuesday said that the Senate will look at the House version of the measure providing for the second package of the government's tax reform program at Speaker Gloria Macapagal-Arroyo's request.
GMA News Online / Money / Economy

Sotto says Arroyo asked him to read House version of TRAIN 2 for possible adoption by Senate

Senate President Vicente Sotto III on Tuesday said that the Senate will look at the House version of the measure providing for the second package of the government's tax reform program at Speaker Gloria Macapagal-Arroyo's request.

Wall St flat, tech boost softens trade war fears

US stocks were little changed on Tuesday, as gains in technology stocks helped the Nasdaq regain footing and curbed losses in the materials and industrials sectors due to fears of an escalation in Sino-US trade spat.
GMA News Online / Money / Economy

Wall St flat, tech boost softens trade war fears

US stocks were little changed on Tuesday, as gains in technology stocks helped the Nasdaq regain footing and curbed losses in the materials and industrials sectors due to fears of an escalation in Sino-US trade spat.

Legarda calls on DA to curb rice wastage

Amid the rice supply problems in the country, Senator Loren Legarda on Tuesday called on the Department of Agriculture to curb or at least lessen rice “wastage” as a result of poor handling and storage.  
GMA News Online / Money / Economy

Legarda calls on DA to curb rice wastage

Amid the rice supply problems in the country, Senator Loren Legarda on Tuesday called on the Department of Agriculture to curb or at least lessen rice “wastage” as a result of poor handling and storage.  

PHL trade deficit swells by more than 170% in July 2018

The Philippine trade deficit swelled by 171.7 percent to $3.55 billion in July 2018, from a gap of $1.31 billion a year earlier, the Philippine Statistics Authority said on Tuesday.
GMA News Online / Money / Economy

PHL trade deficit swells by more than 170% in July 2018

The Philippine trade deficit swelled by 171.7 percent to $3.55 billion in July 2018, from a gap of $1.31 billion a year earlier, the Philippine Statistics Authority said on Tuesday.

PSEi slides 1.29% at noon break

Investors on the Philippine Stock Exchange trooped to the sidelines, during the morning session Tuesday, to wait for President Rodrigo Duterte’s announcement in the afternoon, keeping share prices in a downtrend.
GMA News Online / Money / Economy

PSEi slides 1.29% at noon break

Investors on the Philippine Stock Exchange trooped to the sidelines, during the morning session Tuesday, to wait for President Rodrigo Duterte’s announcement in the afternoon, keeping share prices in a downtrend.

Food inflation is alarming, not the 6.4% average rate --Philexport official

An official of Philippine Exporters Confederation Inc. on Tuesday downplayed the 6.4-percent inflation rate in August, but emphasized that food inflation is a more alarming cause of higher prices in the country.    
GMA News Online / Money / Economy

Food inflation is alarming, not the 6.4% average rate --Philexport official

An official of Philippine Exporters Confederation Inc. on Tuesday downplayed the 6.4-percent inflation rate in August, but emphasized that food inflation is a more alarming cause of higher prices in the country.    

Asian shares relieved by trade lull, sterling up on Brexit deal hopes

Asian shares were struggling to snap an eight-session losing streak on Tuesday as investors decided no news was good news on tariffs, while the pound touched a five-week top on hints a Brexit deal might be nearer.
GMA News Online / Money / Economy

Asian shares relieved by trade lull, sterling up on Brexit deal hopes

Asian shares were struggling to snap an eight-session losing streak on Tuesday as investors decided no news was good news on tariffs, while the pound touched a five-week top on hints a Brexit deal might be nearer.

Brexit deal ‘realistic’ in 6 to 8 weeks - EU negotiator

EU Brexit negotiator Michel Barnier said Monday it was «realistic» to expect an agreement on a divorce deal with London within the next eight weeks, striking an optimistic note as the clock ticks down to Britain's departure from the bloc.
GMA News Online / Money / Economy

Brexit deal ‘realistic’ in 6 to 8 weeks - EU negotiator

EU Brexit negotiator Michel Barnier said Monday it was «realistic» to expect an agreement on a divorce deal with London within the next eight weeks, striking an optimistic note as the clock ticks down to Britain's departure from the bloc.

S&P, Nasdaq edge higher after recent losses but Apple drags

US stocks mostly edged higher on Monday, with the S&P 500 and Nasdaq rebounding to snap a four-day losing streak, although a drop in Apple kept gains in check.
GMA News Online / Money / Economy

S&P, Nasdaq edge higher after recent losses but Apple drags

US stocks mostly edged higher on Monday, with the S&P 500 and Nasdaq rebounding to snap a four-day losing streak, although a drop in Apple kept gains in check.

Retailers limit NFA-rice sales to 2 kilos per buyer due to tight supply

Some retailers admitted that they could not sell five kilograms of NFA rice per customer because of limited supplies.
GMA News Online / Money / Economy

Retailers limit NFA-rice sales to 2 kilos per buyer due to tight supply

Some retailers admitted that they could not sell five kilograms of NFA rice per customer because of limited supplies.

Wall St higher as tax cut hopes keep trade war fears at bay

US stock indexes were higher on Monday, boosted by the consumer discretionary sector and as hopes for a new round of tax cuts overshadowed fears of an escalation in the Sino-US trade war.
GMA News Online / Money / Economy

Wall St higher as tax cut hopes keep trade war fears at bay

US stock indexes were higher on Monday, boosted by the consumer discretionary sector and as hopes for a new round of tax cuts overshadowed fears of an escalation in the Sino-US trade war.

China vows to respond if US takes new steps on trade

China will respond if the United States takes any new steps on trade, the foreign ministry said on Monday, after President Donald Trump warned he was ready to slap tariffs on virtually all Chinese imports into the United States.
GMA News Online / Money / Economy

China vows to respond if US takes new steps on trade

China will respond if the United States takes any new steps on trade, the foreign ministry said on Monday, after President Donald Trump warned he was ready to slap tariffs on virtually all Chinese imports into the United States.

Bishop Bacani challenges Duterte to lower inflation rate, prices

A Catholic bishop on Monday challenged President Rodrigo Duterte and his administration to lower the 6.4 percent inflation rate and prices of basic goods for the sake of Filipinos who earn minimum and below minimum wage.
GMA News Online / Money / Economy

Bishop Bacani challenges Duterte to lower inflation rate, prices

A Catholic bishop on Monday challenged President Rodrigo Duterte and his administration to lower the 6.4 percent inflation rate and prices of basic goods for the sake of Filipinos who earn minimum and below minimum wage.

Kazuo Okada seeks reinstatement as head of casino-hotel operator

Japanese gaming tycoon Kazuo Okada has asked a Parañaque court to order his reinstatement to the chairmanship and directorship of the operator of the Okada Manila casino resort and hotel complex.
GMA News Online / Money / Economy

Kazuo Okada seeks reinstatement as head of casino-hotel operator

Japanese gaming tycoon Kazuo Okada has asked a Parañaque court to order his reinstatement to the chairmanship and directorship of the operator of the Okada Manila casino resort and hotel complex.