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Poe mulls executive session on Xiamen Air incident as CAAP continues probe

Senator Grace Poe on Monday expressed readiness to call an executive session to discuss the analysis of the flight data recording from the Xiamen Air plane that skidded off the Ninoy Aquino International Airport last month.
GMA News Online / Money / Economy

Poe mulls executive session on Xiamen Air incident as CAAP continues probe

Senator Grace Poe on Monday expressed readiness to call an executive session to discuss the analysis of the flight data recording from the Xiamen Air plane that skidded off the Ninoy Aquino International Airport last month.

Piñol calls on public to plant their own siling labuyo amid rising prices

Agriculture Secretary Emmanuel Piñol on Monday called on the public to plant their own food items such as chili peppers instead of complaining about the rising prices.
GMA News Online / Money / Economy

Piñol calls on public to plant their own siling labuyo amid rising prices

Agriculture Secretary Emmanuel Piñol on Monday called on the public to plant their own food items such as chili peppers instead of complaining about the rising prices.

Piñol to recommend price ceiling on rice, onions

Agriculture Secretary Emmanuel Piñol will submit a proposal to President Rodrigo Duterte this week to impose a price ceiling on basic goods such as rice and onions.
GMA News Online / Money / Economy

Piñol to recommend price ceiling on rice, onions

Agriculture Secretary Emmanuel Piñol will submit a proposal to President Rodrigo Duterte this week to impose a price ceiling on basic goods such as rice and onions.

Peso falls further to close at near 13-year low

The Philippine peso depreciated even further to close near 12-year low, as the greenback appreciated across regional currencies after the United States reported strong economic data.
GMA News Online / Money / Economy

Peso falls further to close at near 13-year low

The Philippine peso depreciated even further to close near 12-year low, as the greenback appreciated across regional currencies after the United States reported strong economic data.

Xiamen Air liability now P72 million, says MIAA

The liability of Xiamen Air, which owns the plane that skidded off the runway of Ninoy Aquino International Airport last month, resulting in a number of flight cancellations and stranded passengers, has doubled to P72 million.
GMA News Online / Money / Economy

Xiamen Air liability now P72 million, says MIAA

The liability of Xiamen Air, which owns the plane that skidded off the runway of Ninoy Aquino International Airport last month, resulting in a number of flight cancellations and stranded passengers, has doubled to P72 million.

300k workers lost jobs since Duterte took over, says think-tank

Citing data from the Philippine Statistics Authority (PSA), IBON Foundation Executive Director Sonny Africa said the number of employed individuals decreased to 40.7 million this year from 41 million in June 2016.
GMA News Online / Money / Economy

300k workers lost jobs since Duterte took over, says think-tank

Citing data from the Philippine Statistics Authority (PSA), IBON Foundation Executive Director Sonny Africa said the number of employed individuals decreased to 40.7 million this year from 41 million in June 2016.

‘Everybody’ got their inflation estimates wrong --DOF

The Duterte administration?s economic managers miscalculated the inflation rate, and so did everybody else, Finance Assistant Secretary Tony Lambino said on Monday.
GMA News Online / Money / Economy

‘Everybody’ got their inflation estimates wrong --DOF

The Duterte administration?s economic managers miscalculated the inflation rate, and so did everybody else, Finance Assistant Secretary Tony Lambino said on Monday.

PHL shares trade lower as inflation worries continue to weigh on sentiment

Share prices on the Philippine Stock Exchange opened the week on a soft note, as last week’s report on inflation at a nine-year high continued to place a drag market sentiment.
GMA News Online / Money / Economy

PHL shares trade lower as inflation worries continue to weigh on sentiment

Share prices on the Philippine Stock Exchange opened the week on a soft note, as last week’s report on inflation at a nine-year high continued to place a drag market sentiment.

Villar seeks price ceiling on onion in selected areas

Senator Cynthia Villar on Monday called on the Department of Agriculture to put in place a rice ceiling on onion in areas where price are unusually high.  
GMA News Online / Money / Economy

Villar seeks price ceiling on onion in selected areas

Senator Cynthia Villar on Monday called on the Department of Agriculture to put in place a rice ceiling on onion in areas where price are unusually high.  

Bo's Coffee to keep prices unchanged even amid rising costs

Homegrown coffee chain Bo's Coffee is expected to keep its prices unchanged at least until the end of the year, even as consumer prices have grown at the fastest pace in over nine years.
GMA News Online / Money / Economy

Bo's Coffee to keep prices unchanged even amid rising costs

Homegrown coffee chain Bo's Coffee is expected to keep its prices unchanged at least until the end of the year, even as consumer prices have grown at the fastest pace in over nine years.

Divided America of Trump era challenges ad industry

Corporations were becoming more socially focused prior to Trump, but the trend has accelerated since the election of a US president who has unapologetically eschewed the traditional role of national unifier and instead courted his political base full time.
GMA News Online / Money / Economy

Divided America of Trump era challenges ad industry

Corporations were becoming more socially focused prior to Trump, but the trend has accelerated since the election of a US president who has unapologetically eschewed the traditional role of national unifier and instead courted his political base full time.

Malacañang: Trillanes using inflation as political issue against admin

Presidential spokesperson Harry Roque on Sunday claimed that Senator Antonio Trillanes IV is using inflation as a political issue against the administration.
GMA News Online / Money / Economy

Malacañang: Trillanes using inflation as political issue against admin

Presidential spokesperson Harry Roque on Sunday claimed that Senator Antonio Trillanes IV is using inflation as a political issue against the administration.

Strong US sales could ease profit worries into 2019

A healthy outlook for US revenue growth stands to soothe stock investors worried about the effect on corporate profits from tax cuts wearing off next year.
GMA News Online / Money / Economy

Strong US sales could ease profit worries into 2019

A healthy outlook for US revenue growth stands to soothe stock investors worried about the effect on corporate profits from tax cuts wearing off next year.

Additional SSS contribution sought for benefits under expanded maternity leave bill

The Social Security System is asking Congress to allow it to impose an additional P30 to P48 in the contribution of its members to provide the benefits of female workers covered by the proposed 100-day expanded maternity leave.
GMA News Online / Money / Economy

Additional SSS contribution sought for benefits under expanded maternity leave bill

The Social Security System is asking Congress to allow it to impose an additional P30 to P48 in the contribution of its members to provide the benefits of female workers covered by the proposed 100-day expanded maternity leave.

Water rate hikes in Metro Manila inevitable --MWSS administrator

The looming increase in Metro Manila's water rates is inevitable, an official of the metropolis' waterworks regulatory body said Sunday, noting that the petition for bills adjustments by the two concessionaires are still being studied.
GMA News Online / Money / Economy

Water rate hikes in Metro Manila inevitable --MWSS administrator

The looming increase in Metro Manila's water rates is inevitable, an official of the metropolis' waterworks regulatory body said Sunday, noting that the petition for bills adjustments by the two concessionaires are still being studied.

InangLupa: Gov't should have had a rice industry blueprint

The skyrocketing prices of commercial rice due to the absence of cheaper government subsidized variety could have been avoided if only the government had a «blueprint» for rice industry development, agriculture advocacy group InangLupa Movement In
GMA News Online / Money / Economy

InangLupa: Gov't should have had a rice industry blueprint

The skyrocketing prices of commercial rice due to the absence of cheaper government subsidized variety could have been avoided if only the government had a «blueprint» for rice industry development, agriculture advocacy group InangLupa Movement Inc. said Saturday.

Wall Street drops on tariff worries, with Apple in crosshairs

Wall Street's major indexes fell on Friday as U.S. President Donald Trump raised the possibility of additional tariffs on Chinese imports and Apple Inc indicated that some of its products could be subjected to such levies.
GMA News Online / Money / Economy

Wall Street drops on tariff worries, with Apple in crosshairs

Wall Street's major indexes fell on Friday as U.S. President Donald Trump raised the possibility of additional tariffs on Chinese imports and Apple Inc indicated that some of its products could be subjected to such levies.

Trump turns up the heat in trade conflict with China

President Donald Trump threatened Friday to slap tariffs on all of the Chinese goods imported into the United States, ramping up the already tense trade relations with Beijing, while talks with Canada and the EU continue.
GMA News Online / Money / Economy

Trump turns up the heat in trade conflict with China

President Donald Trump threatened Friday to slap tariffs on all of the Chinese goods imported into the United States, ramping up the already tense trade relations with Beijing, while talks with Canada and the EU continue.

Consumer confidence swings back in negative territory after two years

Consumer confidence in the country’s economy has turned negative in the third quarter of 2018, the first time since it turned positive in the second quarter of 2016.
GMA News Online / Money / Economy

Consumer confidence swings back in negative territory after two years

Consumer confidence in the country’s economy has turned negative in the third quarter of 2018, the first time since it turned positive in the second quarter of 2016.

SSS to seek higher monthly contributions if 100-day maternity leave is enacted

The Social Security System intends to ask for an increase in members’ monthly contributions if the proposed expanded maternity leave is enacted into law.
GMA News Online / Money / Economy

SSS to seek higher monthly contributions if 100-day maternity leave is enacted

The Social Security System intends to ask for an increase in members’ monthly contributions if the proposed expanded maternity leave is enacted into law.

Inflation worries, foreign selling drag Philippine shares lower

Share prices on the Philippine Stock Exchange closed mostly in the red on Friday amid negative sentiment from faster-than-expected inflation and foreign funds selling their market positions.
GMA News Online / Money / Economy

Inflation worries, foreign selling drag Philippine shares lower

Share prices on the Philippine Stock Exchange closed mostly in the red on Friday amid negative sentiment from faster-than-expected inflation and foreign funds selling their market positions.

Peso firms up as BSP vows to reactivate currency risk protection tool

The Philippine peso firmed up against the greenback on Friday after the Bangko Sentral ng Pilipinas announced that it intends to reactivate its currency risk protection tool to ease demand pressures in the foreign exchange market.  
GMA News Online / Money / Economy

Peso firms up as BSP vows to reactivate currency risk protection tool

The Philippine peso firmed up against the greenback on Friday after the Bangko Sentral ng Pilipinas announced that it intends to reactivate its currency risk protection tool to ease demand pressures in the foreign exchange market.  

Chinese firms dominate Forbes Asia’s Fabulous 50 List

China-based companies dominated Forbes Asia’s Fabulous 50 List this year, accounting for 60 percent of the “best” publicly traded companies in the Asia Pacific region.
GMA News Online / Money / Economy

Chinese firms dominate Forbes Asia’s Fabulous 50 List

China-based companies dominated Forbes Asia’s Fabulous 50 List this year, accounting for 60 percent of the “best” publicly traded companies in the Asia Pacific region.

Customs seizes P12M worth of smuggled onions from China

Operatives from the Bureau of Customs on Thursday seized six 40-footer containers containing smuggled onions worth P12 million at the Manila International Container Port.  
GMA News Online / Money / Economy

Customs seizes P12M worth of smuggled onions from China

Operatives from the Bureau of Customs on Thursday seized six 40-footer containers containing smuggled onions worth P12 million at the Manila International Container Port.  

DOF asks why NFA bought below-target volumes of rice despite ample funds in 2017

The Department of Finance on Thursday asked the National Food Authority to explain why it procured palay stocks “way below” its projected buffer requirement in the second half of 2017 despite ample funds and credit at its disposal.  
GMA News Online / Money / Economy

DOF asks why NFA bought below-target volumes of rice despite ample funds in 2017

The Department of Finance on Thursday asked the National Food Authority to explain why it procured palay stocks “way below” its projected buffer requirement in the second half of 2017 despite ample funds and credit at its disposal.  

Nasdaq falls as US lawmakers grill Facebook, Twitter executives

The Nasdaq fell more than 1 percent on Wednesday, dented by technology stocks after Facebook Inc and Twitter Inc executives defended their companies before skeptical U.S. lawmakers.
GMA News Online / Money / Economy

Nasdaq falls as US lawmakers grill Facebook, Twitter executives

The Nasdaq fell more than 1 percent on Wednesday, dented by technology stocks after Facebook Inc and Twitter Inc executives defended their companies before skeptical U.S. lawmakers.

NFA Council OKs additional importation of 250k tons of rice

The National Food Authority (NFA) Council has approved the additional importation of 250,000 metric tons (MT) of rice to beef up the current NFA stocks.
GMA News Online / Money / Economy

NFA Council OKs additional importation of 250k tons of rice

The National Food Authority (NFA) Council has approved the additional importation of 250,000 metric tons (MT) of rice to beef up the current NFA stocks.

Facebook, energy stocks bog down Wall Street, tariff woes loom

U.S. stock indexes were lower on Wednesday, weighed down by Facebook, energy stocks and concerns over the possibility of President Donald Trump going through with plans to slap new tariffs on Chinese goods as early as this week.
GMA News Online / Money / Economy

Facebook, energy stocks bog down Wall Street, tariff woes loom

U.S. stock indexes were lower on Wednesday, weighed down by Facebook, energy stocks and concerns over the possibility of President Donald Trump going through with plans to slap new tariffs on Chinese goods as early as this week.

LTFRB allows Grab, TNCs to impose P2-per-minute travel charge

The Land Transportation Franchising and Regulatory Board (LTFRB) has allowed transport network companies to charge riders the controversial P2-per-minute travel fee as part of their fare structure.
GMA News Online / Money / Economy

LTFRB allows Grab, TNCs to impose P2-per-minute travel charge

The Land Transportation Franchising and Regulatory Board (LTFRB) has allowed transport network companies to charge riders the controversial P2-per-minute travel fee as part of their fare structure.

Palace: Gov’t taking steps to address high prices

“The administration is taking steps to address the challenges, particularly rising prices, faced by Filipino families,” presidential spokesperson Harry Roque said in a statement.
GMA News Online / Money / Economy

Palace: Gov’t taking steps to address high prices

“The administration is taking steps to address the challenges, particularly rising prices, faced by Filipino families,” presidential spokesperson Harry Roque said in a statement.