Select a country

DOTr, Metro Pacific Tollways eyeing staggered toll hikes to settle dispute

The Department of Transportation and Metro Pacific Tollways Corp. are in talks on how to implement the long overdue toll increases and settle a dispute on how to collect the adjustments.
GMA News Online / Money / Economy

DOTr, Metro Pacific Tollways eyeing staggered toll hikes to settle dispute

The Department of Transportation and Metro Pacific Tollways Corp. are in talks on how to implement the long overdue toll increases and settle a dispute on how to collect the adjustments.

Inflation seen to peak in Q3 --BSP

Inflation is seen to reach its highest level sometime during the July to September period of this year and ease within the government's target range of 2 to 4 percent next year, Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. said Tuesday.
GMA News Online / Money / Economy

Inflation seen to peak in Q3 --BSP

Inflation is seen to reach its highest level sometime during the July to September period of this year and ease within the government's target range of 2 to 4 percent next year, Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. said Tuesday.

Toyota pours $500M into driverless car tieup with Uber

San Francisco, United States -- Toyota will pump about $500 million into Uber as part of a deal to work together on mass-producing self-driving vehicles, the Japanese car giant said on Tuesday.
GMA News Online / Money / Economy

Toyota pours $500M into driverless car tieup with Uber

San Francisco, United States -- Toyota will pump about $500 million into Uber as part of a deal to work together on mass-producing self-driving vehicles, the Japanese car giant said on Tuesday.

Facebook fugitive fights US request to extradite him from Ecuador --lawyer

QUITO --A New York man charged with trying to defraud Facebook Inc. founder Mark Zuckerberg is fighting extradition from Ecuador where he was arrested after fleeing before his trial in the United States more than three years ago.
GMA News Online / Money / Economy

Facebook fugitive fights US request to extradite him from Ecuador --lawyer

QUITO --A New York man charged with trying to defraud Facebook Inc. founder Mark Zuckerberg is fighting extradition from Ecuador where he was arrested after fleeing before his trial in the United States more than three years ago.

US blocks WTO judge reappointment as dispute settlement crisis looms

The United States told the World Trade Organization on Monday it would block the reappointment of one of the WTO's four remaining appeals judges next month, confirming trade experts' fears of a crisis in the system for settling global rows.
GMA News Online / Money / Economy

US blocks WTO judge reappointment as dispute settlement crisis looms

The United States told the World Trade Organization on Monday it would block the reappointment of one of the WTO's four remaining appeals judges next month, confirming trade experts' fears of a crisis in the system for settling global rows.

US, Mexico reach NAFTA deal, turning up pressure on Canada

The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact.
GMA News Online / Money / Economy

US, Mexico reach NAFTA deal, turning up pressure on Canada

The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact.

US says Chinese steel wheel imports subsidized, will impose duties

The U.S. Commerce Department said on Monday it had made a preliminary determination that imports of certain steel wheels from China were subsidized at rates ranging from 58.75 percent to 172.51 percent, and it would impose duties on the product.
GMA News Online / Money / Economy

US says Chinese steel wheel imports subsidized, will impose duties

The U.S. Commerce Department said on Monday it had made a preliminary determination that imports of certain steel wheels from China were subsidized at rates ranging from 58.75 percent to 172.51 percent, and it would impose duties on the product.

NFA let Cavite, Ilocos retailers withdraw rice above allocations -- COA

The National Food Authority allowed its retailers in Cavite, Ilocos Sur, and Ilocos Norte to withdraw bags of rice way above their weekly allocations, resulting in uneven rice distribution, the Commission on Audit said in its 2017 audit report.
GMA News Online / Money / Economy

NFA let Cavite, Ilocos retailers withdraw rice above allocations -- COA

The National Food Authority allowed its retailers in Cavite, Ilocos Sur, and Ilocos Norte to withdraw bags of rice way above their weekly allocations, resulting in uneven rice distribution, the Commission on Audit said in its 2017 audit report.

Oil price hike set Tuesday

Pump prices of petroleum products will be hiked anew on Tuesday, marking the second consecutive week of price increases.
GMA News Online / Money / Economy

Oil price hike set Tuesday

Pump prices of petroleum products will be hiked anew on Tuesday, marking the second consecutive week of price increases.

These are the things Facebook PHL looks for in applicants

Facebook Philipines Country Director John Rubio shares the company culture, career paths within the organization, and what makes for a perfect Facebook fit!
GMA News Online / Money / Economy

These are the things Facebook PHL looks for in applicants

Facebook Philipines Country Director John Rubio shares the company culture, career paths within the organization, and what makes for a perfect Facebook fit!

Asian shares rise after record highs on Wall Street

SHANGHAI -- Asian shares rose early on Monday, taking support from Wall Street's gains on Friday after US Federal Reserve Chairman Jerome Powell said a gradual approach to raising rates was best to protect the US economy and job growth.
GMA News Online / Money / Economy

Asian shares rise after record highs on Wall Street

SHANGHAI -- Asian shares rose early on Monday, taking support from Wall Street's gains on Friday after US Federal Reserve Chairman Jerome Powell said a gradual approach to raising rates was best to protect the US economy and job growth.

Iranian parliament removes finance minister from office

The Iranian parliament voted on Sunday to remove the minister of economic affairs and finance, Masoud Karbasian, from office, state media said, amid a sharp fall in the rial currency and a deterioration in the economic situation.
GMA News Online / Money / Economy

Iranian parliament removes finance minister from office

The Iranian parliament voted on Sunday to remove the minister of economic affairs and finance, Masoud Karbasian, from office, state media said, amid a sharp fall in the rial currency and a deterioration in the economic situation.

DOF submits more tax reform proposals to Congress

The Department of Finance (DOF) on Sunday said it has submitted to Congress the remaining packages of the administration's planned comprehensive tax reform program.
GMA News Online / Money / Economy

DOF submits more tax reform proposals to Congress

The Department of Finance (DOF) on Sunday said it has submitted to Congress the remaining packages of the administration's planned comprehensive tax reform program.

US softens its demand for NAFTA ‘sunset clause’ - Mexican official

The United States has softened its contentious demand for a NAFTA «sunset clause,» Mexico's incoming trade negotiator said on Saturday, potentially eliminating a key obstacle to reaching a deal next week to revamp the trade pact.
GMA News Online / Money / Economy

US softens its demand for NAFTA ‘sunset clause’ - Mexican official

The United States has softened its contentious demand for a NAFTA «sunset clause,» Mexico's incoming trade negotiator said on Saturday, potentially eliminating a key obstacle to reaching a deal next week to revamp the trade pact.

Tesla CEO Musk drops pursuit of $72B take-private deal

Tesla Inc CEO Elon Musk said late on Friday he would heed shareholder concerns and no longer pursue a $72 billion deal to take his US electric car maker private, abandoning an idea that had stunned investors and drawn regulatory scrutiny.
GMA News Online / Money / Economy

Tesla CEO Musk drops pursuit of $72B take-private deal

Tesla Inc CEO Elon Musk said late on Friday he would heed shareholder concerns and no longer pursue a $72 billion deal to take his US electric car maker private, abandoning an idea that had stunned investors and drawn regulatory scrutiny.

US Fed's Powell defends policy of gradual interest rate hikes

Federal Reserve Chairman Jerome Powell on Friday defended the U.S. central bank's push to raise interest rates as healthy for the economy and signaled more hikes were coming despite President Donald Trump's criticism of higher borrowing costs.
GMA News Online / Money / Economy

US Fed's Powell defends policy of gradual interest rate hikes

Federal Reserve Chairman Jerome Powell on Friday defended the U.S. central bank's push to raise interest rates as healthy for the economy and signaled more hikes were coming despite President Donald Trump's criticism of higher borrowing costs.

S&P 500 reaches new high to clinch record bull run

The benchmark S&P 500 stock index clinched its longest bull-market run on Friday, closing above its previous January high, as Federal Reserve Chairman Jerome Powell affirmed the U.S. central bank's current pace of rate hikes.
GMA News Online / Money / Economy

S&P 500 reaches new high to clinch record bull run

The benchmark S&P 500 stock index clinched its longest bull-market run on Friday, closing above its previous January high, as Federal Reserve Chairman Jerome Powell affirmed the U.S. central bank's current pace of rate hikes.

NayonLanding resort-casino to push through despite setbacks --Landing

Hong Kong-based Landing International Development Ltd. is not backing down on its plan to build an integrated resort-casino in the Philippines despite the challenges the company is now facing back home.
GMA News Online / Money / Economy

NayonLanding resort-casino to push through despite setbacks --Landing

Hong Kong-based Landing International Development Ltd. is not backing down on its plan to build an integrated resort-casino in the Philippines despite the challenges the company is now facing back home.

CAB meets airlines' execs over complaints in wake of Xiamen Air mishap

The Civil Aeronautics Board on Friday met with officials of 20 airlines in connection with passengers' complaints related to the closure of the Ninoy Aquino International Airport's runway last week
GMA News Online / Money / Economy

CAB meets airlines' execs over complaints in wake of Xiamen Air mishap

The Civil Aeronautics Board on Friday met with officials of 20 airlines in connection with passengers' complaints related to the closure of the Ninoy Aquino International Airport's runway last week

Wall Street adds to gains after Fed chair comments

U.S. stocks added to their gains slightly on Friday after Federal Reserve Chair Jerome Powell said further interest rate hikes were the best way to protect the U.S. economic recovery.
GMA News Online / Money / Economy

Wall Street adds to gains after Fed chair comments

U.S. stocks added to their gains slightly on Friday after Federal Reserve Chair Jerome Powell said further interest rate hikes were the best way to protect the U.S. economic recovery.

Drop in US jobless claims points to labor market strength

The number of Americans filing for unemployment benefits fell last week, a sign the labor market was holding firm despite tensions between the United States and its trading partners that have led to tit-for-tat tariffs.
GMA News Online / Money / Economy

Drop in US jobless claims points to labor market strength

The number of Americans filing for unemployment benefits fell last week, a sign the labor market was holding firm despite tensions between the United States and its trading partners that have led to tit-for-tat tariffs.

Wall Street weighed by new round of US-China tariffs

Wall Street's major indexes fell on Thursday as trade-sensitive stocks were hit by a fresh round of tariffs in the trade dispute between the United States and China.
GMA News Online / Money / Economy

Wall Street weighed by new round of US-China tariffs

Wall Street's major indexes fell on Thursday as trade-sensitive stocks were hit by a fresh round of tariffs in the trade dispute between the United States and China.

S&P edges up as tech stocks gain; Jackson Hole in focus

The benchmark S&P 500 edged higher on Thursday as technology stocks rose, though gains were restricted by declines in commodity-related stocks and trade-sensitive sectors after new tariffs took effect in the U.S.-China trade war.
GMA News Online / Money / Economy

S&P edges up as tech stocks gain; Jackson Hole in focus

The benchmark S&P 500 edged higher on Thursday as technology stocks rose, though gains were restricted by declines in commodity-related stocks and trade-sensitive sectors after new tariffs took effect in the U.S.-China trade war.

China files complaint to WTO against US tariffs

China has filed a complaint to the World Trade Organisation (WTO) against tariffs slapped by the United States on $16 billion worth of Chinese goods, China's commerce ministry said on Thursday.
GMA News Online / Money / Economy

China files complaint to WTO against US tariffs

China has filed a complaint to the World Trade Organisation (WTO) against tariffs slapped by the United States on $16 billion worth of Chinese goods, China's commerce ministry said on Thursday.

Peso falls amid US-China trade talks

The Philippine peso depreciated against the greenback for the second consecutive trading day on Thursday as the US dollar gained more strengthen amid the trade talks between China and the United States.
GMA News Online / Money / Economy

Peso falls amid US-China trade talks

The Philippine peso depreciated against the greenback for the second consecutive trading day on Thursday as the US dollar gained more strengthen amid the trade talks between China and the United States.

DICT not raising P40-B minimum capex for 3rd telco bidders

The Department of Information and Communications Technology (DICT) said on Thursday it is not keen increasing the minimum capital expenditure for the third telco player.
GMA News Online / Money / Economy

DICT not raising P40-B minimum capex for 3rd telco bidders

The Department of Information and Communications Technology (DICT) said on Thursday it is not keen increasing the minimum capital expenditure for the third telco player.

Vietnam telecom firm Viettel eyes Philippine market

HANOI -- Vietnamese telecommunication company Viettel has set its sights on the Philippines as the next destination in its overseas expansion drive, the company said on Thursday, as the archipelago’s economy clears the way for the entry of a third operator.
GMA News Online / Money / Economy

Vietnam telecom firm Viettel eyes Philippine market

HANOI -- Vietnamese telecommunication company Viettel has set its sights on the Philippines as the next destination in its overseas expansion drive, the company said on Thursday, as the archipelago’s economy clears the way for the entry of a third operator.

Xiamen Air aircraft’s cockpit voice recorder sent to Singapore for decoding

The cockpit voice recorder (CVR) of the Xiamen Air plane that skidded off the runway of the Ninoy Aquino International Airport (NAIA) has been sent to Singapore, the Civil Aviation Authority of the Philippines (CAAP) said Thursday.
GMA News Online / Money / Economy

Xiamen Air aircraft’s cockpit voice recorder sent to Singapore for decoding

The cockpit voice recorder (CVR) of the Xiamen Air plane that skidded off the runway of the Ninoy Aquino International Airport (NAIA) has been sent to Singapore, the Civil Aviation Authority of the Philippines (CAAP) said Thursday.

DICT is eyeing how to recover unused radio frequencies from Globe and PLDT

The Department of Information and Communications Technology is studying how to reclaim radio frequencies that are not being used by telecommunications companies.
GMA News Online / Money / Economy

DICT is eyeing how to recover unused radio frequencies from Globe and PLDT

The Department of Information and Communications Technology is studying how to reclaim radio frequencies that are not being used by telecommunications companies.