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Asian stocks sag, dollar broadly higher with trade in focus

Asian stocks tracked their global peers lower while the safe-haven dollar was broadly higher on Wednesday as worries over persistent trade conflicts curbed investor appetite for riskier assets.
GMA News Online / Money / Economy

Asian stocks sag, dollar broadly higher with trade in focus

Asian stocks tracked their global peers lower while the safe-haven dollar was broadly higher on Wednesday as worries over persistent trade conflicts curbed investor appetite for riskier assets.

PHL to operate under higher inflation without rice tariffication --Diokno

If both houses of Congress fail to pass the bill seeking to replace quantitative import restrictions on rice with tariffs, inflation will remain high, Budget Secretary Benjamin Diokno said Wednesday.
GMA News Online / Money / Economy

PHL to operate under higher inflation without rice tariffication --Diokno

If both houses of Congress fail to pass the bill seeking to replace quantitative import restrictions on rice with tariffs, inflation will remain high, Budget Secretary Benjamin Diokno said Wednesday.

China-Africa summit rejects debt criticism

Chinese and African officials on Tuesday rejected criticism of Beijing's debt-laden overseas development projects as they wrapped up a summit that included a new $60 billion assistance pledge for the continent.
GMA News Online / Money / Economy

China-Africa summit rejects debt criticism

Chinese and African officials on Tuesday rejected criticism of Beijing's debt-laden overseas development projects as they wrapped up a summit that included a new $60 billion assistance pledge for the continent.

PHL, Israel sign business deals worth nearly $85M

Philippine firms signed $84.9 million in investment deals with Israeli companies on the penultimate day of President Rodrigo Duterte's four-day trip to Israel.
GMA News Online / Money / Economy

PHL, Israel sign business deals worth nearly $85M

Philippine firms signed $84.9 million in investment deals with Israeli companies on the penultimate day of President Rodrigo Duterte's four-day trip to Israel.

Wall Street slips as internet stocks, Nike weigh

U.S. stocks were lower on Tuesday, with declines in Facebook, internet stocks and Nike leading to a bumpy start to September, as investors also grappled with rising trade uncertainties.
GMA News Online / Money / Economy

Wall Street slips as internet stocks, Nike weigh

U.S. stocks were lower on Tuesday, with declines in Facebook, internet stocks and Nike leading to a bumpy start to September, as investors also grappled with rising trade uncertainties.

Customs exceeds revenue target in August by over P2B

The Bureau of Customs (BOC) on Tuesday announced that it posted a revenue surplus of P2.326 billion for the month of August, adding that the agency improved its collection performance.
GMA News Online / Money / Economy

Customs exceeds revenue target in August by over P2B

The Bureau of Customs (BOC) on Tuesday announced that it posted a revenue surplus of P2.326 billion for the month of August, adding that the agency improved its collection performance.

Peso slips as market expects higher inflation

The Philippine peso retreated against the US dollar on Tuesday, as the greenback strengthened across the board on market expectations of higher inflation in August.
GMA News Online / Money / Economy

Peso slips as market expects higher inflation

The Philippine peso retreated against the US dollar on Tuesday, as the greenback strengthened across the board on market expectations of higher inflation in August.

LTFRB reverses order for Grab to repay riders P2 per minute charge, upholds P10-M fine

The Land Transportation Franchising and Regulatory Board “partially” granted Grab Philippines’ appeal to reverse its order on the penalties against the transport network company in relation to the P2-per minute travel charge.
GMA News Online / Money / Economy

LTFRB reverses order for Grab to repay riders P2 per minute charge, upholds P10-M fine

The Land Transportation Franchising and Regulatory Board “partially” granted Grab Philippines’ appeal to reverse its order on the penalties against the transport network company in relation to the P2-per minute travel charge.

JV eyes hike in cigarette taxes to fund healthcare plan

Senator JV Ejercito on Tuesday said he is planning to sponsor a bill that aims to increase tobacco taxes to fund the Universal Health Care bill once it becomes a law.
GMA News Online / Money / Economy

JV eyes hike in cigarette taxes to fund healthcare plan

Senator JV Ejercito on Tuesday said he is planning to sponsor a bill that aims to increase tobacco taxes to fund the Universal Health Care bill once it becomes a law.

Megaworld to build JPMorgan Chase’s PHL global service center

Property developer Megaworld Corp. said Tuesday it is constructing a 25-storey office building for the Philippine global service center of banking and financial services provider JPMorgan Chase Bank N.A.
GMA News Online / Money / Economy

Megaworld to build JPMorgan Chase’s PHL global service center

Property developer Megaworld Corp. said Tuesday it is constructing a 25-storey office building for the Philippine global service center of banking and financial services provider JPMorgan Chase Bank N.A.

PT&T to work with PSE to resolve disclosure ‘issues’

Philippine Telegraph & Telephone Corp. was able to meet all disclosure requirements of the Philippine Stock Exchange, the telco said late Monday, belying the exchange’s claim that it was remiss in heeding what regulation demands from publicly listed compani
GMA News Online / Money / Economy

PT&T to work with PSE to resolve disclosure ‘issues’

Philippine Telegraph & Telephone Corp. was able to meet all disclosure requirements of the Philippine Stock Exchange, the telco said late Monday, belying the exchange’s claim that it was remiss in heeding what regulation demands from publicly listed companies.

NFA chief grilled over ‘diversion’ of rice supply funds to loan payments

House Committee on Appropriations chair Karlo Nograles on Monday grilled the National Food Authority (NFA) for using P5.1 billion intended to stabilize the prices and supply of rice and corn to pay for loans.
GMA News Online / Money / Economy

NFA chief grilled over ‘diversion’ of rice supply funds to loan payments

House Committee on Appropriations chair Karlo Nograles on Monday grilled the National Food Authority (NFA) for using P5.1 billion intended to stabilize the prices and supply of rice and corn to pay for loans.

China hosts African leaders amid aid criticism

China hosts African leaders Monday for a summit aimed at promoting Beijing's vision for development on the continent, even as it finds itself increasingly criticized over its debt-heavy approach to foreign aid.
GMA News Online / Money / Economy

China hosts African leaders amid aid criticism

China hosts African leaders Monday for a summit aimed at promoting Beijing's vision for development on the continent, even as it finds itself increasingly criticized over its debt-heavy approach to foreign aid.

Duterte on fears of a rice shortage: ‘Marami namang bigas’

President Rodrigo Duterte has allayed concerns of a rice shortage that is being blamed for the spike in prices of the commodity in some parts of the country.
GMA News Online / Money / Economy

Duterte on fears of a rice shortage: ‘Marami namang bigas’

President Rodrigo Duterte has allayed concerns of a rice shortage that is being blamed for the spike in prices of the commodity in some parts of the country.

Piñol: Remark about ‘legalizing’ rice smuggling taken out of context

Agriculture Secretary Manny Piñol on Sunday said that his remark about «legalizing» rice smuggling in the country was taken out of context, noting that the idea was about putting up a rice trading center in Tawi-Tawi.
GMA News Online / Money / Economy

Piñol: Remark about ‘legalizing’ rice smuggling taken out of context

Agriculture Secretary Manny Piñol on Sunday said that his remark about «legalizing» rice smuggling in the country was taken out of context, noting that the idea was about putting up a rice trading center in Tawi-Tawi.

Amid US trade war, China's Xi reiterates reform commitment

China is still determined to reform and wants to work with all parties to build an open world economy, Chinese President Xi Jinping said on Sunday, reiterating Beijing's message amid a bitter trade war with Washington.
GMA News Online / Money / Economy

Amid US trade war, China's Xi reiterates reform commitment

China is still determined to reform and wants to work with all parties to build an open world economy, Chinese President Xi Jinping said on Sunday, reiterating Beijing's message amid a bitter trade war with Washington.

Ejercito: Upgrade provincial airports, decide on location of new airport

Senator JV Ejercito on Sunday said the government should upgrade provincial airports and decide on the location of a new airport to prevent another crisis similar to what happened when a Xiamen Air plane skidded off the runway at the Ninoy Aquino Internationa
GMA News Online / Money / Economy

Ejercito: Upgrade provincial airports, decide on location of new airport

Senator JV Ejercito on Sunday said the government should upgrade provincial airports and decide on the location of a new airport to prevent another crisis similar to what happened when a Xiamen Air plane skidded off the runway at the Ninoy Aquino International Airport.

China's 'Silk Road' project runs into debt jam

China's massive and expanding «Belt and Road» trade infrastructure project is running into speed bumps as some countries begin to grumble about being buried under Chinese debt.  
GMA News Online / Money / Economy

China's 'Silk Road' project runs into debt jam

China's massive and expanding «Belt and Road» trade infrastructure project is running into speed bumps as some countries begin to grumble about being buried under Chinese debt.  

DTI alerts consumers against overpriced pork, chicken meat

The Department of Trade and Industry warns consumers against unscrupulous pork and chicken retailers, who jack up prices of their meat products more than what is necessary.  
GMA News Online / Money / Economy

DTI alerts consumers against overpriced pork, chicken meat

The Department of Trade and Industry warns consumers against unscrupulous pork and chicken retailers, who jack up prices of their meat products more than what is necessary.  

Deal on China-backed mega free trade pact likely in November - Singapore

Broad agreement on what would be the world's biggest free trade deal is expected to be reached at a leaders' summit in Singapore in November, the city-state's trade minister said Saturday.
GMA News Online / Money / Economy

Deal on China-backed mega free trade pact likely in November - Singapore

Broad agreement on what would be the world's biggest free trade deal is expected to be reached at a leaders' summit in Singapore in November, the city-state's trade minister said Saturday.

PHL gov't debt balloons to P7.04T in end-July

The national government's outstanding debt stood at another record-high of P7.04 trillion in the first seven months of the year on the back of higher domestic and foreign borrowings.
GMA News Online / Money / Economy

PHL gov't debt balloons to P7.04T in end-July

The national government's outstanding debt stood at another record-high of P7.04 trillion in the first seven months of the year on the back of higher domestic and foreign borrowings.

DTI releases latest SRP of basic, prime commodities

The Department of Trade and Industry on Saturday released the latest suggested retail prices (SRPs) of basic and prime commodities as of August 6.  
GMA News Online / Money / Economy

DTI releases latest SRP of basic, prime commodities

The Department of Trade and Industry on Saturday released the latest suggested retail prices (SRPs) of basic and prime commodities as of August 6.  

Workers' daily minimum buying power reduced to P200 per day

The Associated Labor Unions-Trade Union Congress of the Philippines said Saturday the buying power of workers' standard minimum in the private sector nationwide fell to P200 a day.
GMA News Online / Money / Economy

Workers' daily minimum buying power reduced to P200 per day

The Associated Labor Unions-Trade Union Congress of the Philippines said Saturday the buying power of workers' standard minimum in the private sector nationwide fell to P200 a day.

Gov't to relax non-tariff restrictions on fish, meat imports to temper inflation -- Arroyo

Instead of totally removing tariffs on fish and meat imports the Duterte administration is looking at relaxing the non-tariff restrictions on commodities in a bid to temper the spike in consumer prices, House Speaker Gloaria Macapagal-Arroyo said Friday.
GMA News Online / Money / Economy

Gov't to relax non-tariff restrictions on fish, meat imports to temper inflation -- Arroyo

Instead of totally removing tariffs on fish and meat imports the Duterte administration is looking at relaxing the non-tariff restrictions on commodities in a bid to temper the spike in consumer prices, House Speaker Gloaria Macapagal-Arroyo said Friday.

DTI: No price hike on goods this coming 'Ber' months

The Department of Trade and Industry (DTI) believes that Noche Buena items and other consumer goods won't be subjected to price hikes during the Christmas season.
GMA News Online / Money / Economy

DTI: No price hike on goods this coming 'Ber' months

The Department of Trade and Industry (DTI) believes that Noche Buena items and other consumer goods won't be subjected to price hikes during the Christmas season.

Wall Street sluggish on trade concerns; Apple, Amazon lift Nasdaq

The S&P 500 and the Dow Jones Industrial Average were largely flat on Friday hit by concerns about ongoing trade talks between the United States and other major economies, but gains in Apple and Amazon lifted the Nasdaq.
GMA News Online / Money / Economy

Wall Street sluggish on trade concerns; Apple, Amazon lift Nasdaq

The S&P 500 and the Dow Jones Industrial Average were largely flat on Friday hit by concerns about ongoing trade talks between the United States and other major economies, but gains in Apple and Amazon lifted the Nasdaq.

Ayala Corp. unit forms holding firm for logistics ventures with Germany's Brillant

Ayala Corp.'s wholly owned unit AC Infrastructure Holdings Corp. said Friday it formed a holding company with a German firm for future ventures in logistics business.
GMA News Online / Money / Economy

Ayala Corp. unit forms holding firm for logistics ventures with Germany's Brillant

Ayala Corp.'s wholly owned unit AC Infrastructure Holdings Corp. said Friday it formed a holding company with a German firm for future ventures in logistics business.

Palace says NFA Council allowing private traders to import rice

The National Food Authority Council has authorized the private sector to import rice to increase supply and stabilize prices, Malacañang said Friday.
GMA News Online / Money / Economy

Palace says NFA Council allowing private traders to import rice

The National Food Authority Council has authorized the private sector to import rice to increase supply and stabilize prices, Malacañang said Friday.