US's The Coca-Cola Co. is planning to take over the bottling operations in the Philippines after Mexico-based franchise bottler Coca-Cola FEMSA decided to sell its 51-percent stake in Coca-Cola FEMSA Philippines Inc.

Speaker Gloria Macapagal-Arroyo allayed fears that the proposed second package of the comprehensive tax reform program might scare away investors, saying that infrastructure and the ease of doing business are the most important factors for business ventures.

The Nasdaq fell on Friday as weak forecasts from chipmakers Nvidia and Applied Materials pushed technology stocks lower, while gains in the defensive telecoms and consumer staples companies helped buttress the S&P 500 and the Dow Industrials.

Entrepreneur Elon Musk has acknowledged exhaustion from overwork, as he deals with a reported probe by regulators into a plan divulged on Twitter to take his auto company Tesla private.

The Philippine peso appreciated against the US dollar on Friday as optimism about the possibility of trade talks between US and China.

The Philippine Competition Commission has approved the acquisition by Robinsons Retail Holdings Inc. of a 100 percent stake in Rustan Supercenters Inc. from Mulgrave Corporation B.V., Robinsons said on Friday

Passengers of Xiamen Air Flight MF8667 recalled smelling something burning inside the plane before it landed and overshot the runway of the Ninoy Aquino International Airport.

U.S. stock indexes rose on Thursday, helped by a string of robust earnings reports, a dip in the dollar and after China said it will hold talks with the United States later this month.

U.S. stocks rebounded on Thursday with the Dow posting its biggest percentage gain in over four months, as positive earnings and waning trade jitters buoyed investor confidence.

TOKYO -- Asian shares won a modest reprieve on Friday after China and the United States agreed to hold their first trade talks since June next week and as the Turkish lira extended gains from its record low earlier this week.

Foreign portfolio investment in the Philippines recovered to a net inflow of $53.29 million in July, an improvement from the net outflows in the previous two months, the Bangko Sentral ng Pilipinas said on Thursday.

Philippine equities failed to sustain their strength on Thursday, as market players turned cautious due to overseas concerns and the ongoing ‘ghost month.’

The Department of Finance admitted Thursday it has yet to compute the indirect effect of the Tax Acceleration for Inclusion and Reform (TRAIN) law on inflation, which Senator Paolo Benigno Aquino IV sees as the reason economic managers do not think of the inflationary burden on the poor.

The Philippine peso snapped on Thursday a seven-day losing streak as global uncertainties eased.

U.S. stock indexes fell on Wednesday in a broad-based decline, hurt by concerns over the strong dollar and Turkey's currency crisis, as well as the trade tensions with U.S. trading partners that have dominated the first half of 2018.

The House of Representatives is set to continue its deliberations on the proposed P3.757-trillion national budget for 2019 after establishing “clear lines of communication” with the executive on the heels of a meeting with President Rodrigo Duterte.

The Department of Labor and Employment is studying the feasibility of mandating private sector employers to give their employees a 14th month pay.

Dividend collections from government-owned and -controlled corporations (GOCCs) hit P32.03 billion from January to July this year, surpassing the amount of remittances for the whole of 2017.

Tesla Inc's board named a special committee of three directors on Tuesday to evaluate possibly taking the electric carmaker private, although it said it had yet to see a firm offer from the company's chief executive, Elon Musk.

The Chinese government is expediting plans to invest billions of dollars in infrastructure projects as its economy shows signs of cooling further, with investment growth slowing to a record low and consumers turning more cautious.

Malaysian Prime Minister Mahathir Mohamad arrives in China on Friday seeking to renegotiate, and perhaps cancel, billions of dollars worth of Chinese-invested projects entangled in domestic graft probes.

U.S. stock indexes rose on Tuesday as upbeat quarterly reports from a clutch of companies boosted earnings optimism and bank stocks rebounded after Turkey's currency snapped its three-week slide.

Jollibee Foods Corp. reported a 15-percent increase in net income during the second quarter of the year, helped by returns on the acquisition of American Hamburger chain Smashburger.

The House of Representatives on Tuesday approved on third and final reading a measure seeking to replace quantitative import restrictions on rice with tariffs.

The Philippine unit of the Hongkong and Shanghai Banking Corporation Limited  said on Tuesday the global banking giant plans to spend as much as $17 billion in the next three years, in line with efforts to digitalize a third of its banking services.

Subic Bay Metropolitan Authority Chairperson Wilma Eisma sees political interests behind the graft complaint filed against her before the Office of the Ombudsman.

The Department of Trade and Industry has chosen e-commerce platform Shopee as partner in stimulus program for inclusive economic growth.

Cebu Pacific launched its maiden direct Manila-Melbourne flight on Tuesday with an all-in seat sale.

Philippine share prices slipped during the morning session on Tuesday dragged lower by global jitters from the Turkish crisis.

The business process outsourcing sector is about to plateau anytime soon in the advent of artificial intelligence, according to the Information Technology and Business Process Association of the Philippines.

West zone concessionaire Maynilad Water Services Inc. on Tuesday said it has reduced water production due to increased sediment concentrations in the water coming from the Ipo Dam amid heavy rains by the Southwest Monsoon or Habagat.

The House of Representatives indefinitely postponed budget briefings as lawmakers opposed the “cash-based” budget proposal for 2019. But, what exactly is cash-based budgeting?

Iran is selling oil and gas at a discount to Asian customers as it prepares for the return of US sanctions, state news agency IRNA reported on Monday.

U.S. stocks dropped on Monday as global jitters from Turkey's plummeting currency spread to Wall Street, with the S&P 500 and the Dow falling for the fourth session in a row.

Asian share markets tried to regain their footing on Tuesday as tremors from the collapse of the Turkish lira ebbed a little and Wall Street proved resilient to the shockwaves.