The United States will invest $113 million in technology, energy and infrastructure initiatives in the Indo-Pacific as part of a new strategy to deepen ties with the region, U.S. Secretary of State Mike Pompeo said on Monday ahead of a trip to Singapore, Malaysia and Indonesia.

The Manila Electric Co. reported a 7-percent increase in consolidated core net income in the first semester of the year, supported strong consumer spending.

«Because of the distance and the fact that all inks we use are water-based and free from hazardous substances, we believe there is no connection between the incident and our operations.»

ALU-TUCP slammed President Rodrigo Duterte's claim that more than 300,000 contractual workers have been regularized during his term, saying that the number is 'grossly exaggerated.'

Asian share markets drifted lower on Monday while currencies kept to familiar ranges ahead of a busy week peppered with central bank meetings, corporate results and updates on US inflation and payrolls.

The Monetary Board (MB) of the Bangko Sentral ng Pilipinas has ordered the closure of the Bangko Buena Consolidated Inc., which has been placed under receivership of the Philippine Deposit Insurance Corporation (PDIC).

Conditional and unconditional cash transfers from the government will reach more than P150 billion next year, Deputy Speaker Rolando Andaya said, as it increases social protection for poor households, calamity victims, homeless families and others affected by economic shocks.

The Philippines registered an improvement in terms of its performance on trade logistics, a worldwide survey conducted by the World Bank revealed.

To arrest the detrimental affects of plunging price of copra, the Philippine Coconut Authority (PCA) and industry stakeholders are urging the government for the immediate implementation of the Biofuels Act of 2006 or Republic Act No. 9367.

Senate President Vicente Sotto III on Saturday said the Department of Finance (DOF) should explain thoroughly the second package of the tax reform program to convince senators to support the proposed measure.

Prices of petroleum products are expected to go up once more in the coming week, a 24 Oras Weekend report said on Saturday.

The damage to agriculture due to the onslaught of Tropical Storm Henry, Severe Tropical Storm Inday and Tropical Depression Josie has reached P1.55 billion, the Department of Agriculture said on Friday.

Twenty-First Century Fox Inc and Walt Disney Co said on Friday their shareholders voted to approve Disney's $71 billion purchase of Fox's film and television assets.

The US economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July.

Facebook Inc and its chief executive Mark Zuckerberg were sued on Friday in what could be the first of many lawsuits over a disappointing earnings announcement by the social media company that wiped out about $120 billion of shareholder wealth.

Wall Street's major indexes fell on Friday as weak earnings reports from major technology companies led to a big drop for the sector.

U.S. stocks rose on Friday as bumper earnings from Amazon lifted consumer discretionary stocks and data showed that the U.S. economy grew at its fastest pace in nearly four years.

The Philippine government's outstanding debt has breached the P7-trillion level, the Bureau of the Treasury said on Friday night.

Twitter Inc on Friday reported fewer monthly active users than analysts expected and warned the closely-watched figure could keep falling as it deletes phony accounts, sending shares tumbling.

Globe Telecom Inc. is on track to deploy fifth generation (5G) wireless technology by the second quarter of 2019, the company said on Friday.

TOKYO -- The dollar steadied on Friday following a rally against its peers overnight, as investors awaited US economic growth data, which could give a fresh catalyst for direction amid a wider focus on global monetary policy and bond yield direction.

Philippines share prices traded mostly higher for the fourth straight session on Friday, helped by last-minute buying that lifted the PSEi from intraday lows.

The Court of Appeals (CA) has dismissed the petition for review filed by online news site Rappler Inc. and Rappler Holdings Inc. against the Security and Exchange Commission (SEC) ruling revoking its articles of registration.

China's economy continues to perform strongly, the International Monetary Fund said on Friday, with growth expected at 6.6 percent this year, a slightly slower rate than last year's 6.9 percent.

A plunge in Facebook Inc's shares pushed the Nasdaq down more than 1 percent on Thursday, the index's biggest one-day drop in a month, but industrial stocks rose after the United States and the European Union said they would negotiate on trade.

Top streaming platform Spotify said Thursday that it has reached 83 million paying subscribers, marking steady growth even as the company still struggled to make a profit.

The Nasdaq Composite fell on Thursday as Facebook led a selloff in technology stocks, but the Dow gained as fears of a transatlantic trade war eased after the European Union and the United States agreed to negotiate on tariffs.

U.S. Trade Representative Robert Lighthizer said on Thursday the United States is in the finishing stages of completing a deal to update NAFTA and plans to pursue free trade agreements in sub-Saharan Africa, Southeast Asia and possibly with the Philippines.

Facebook cofounder and Singapore permanent resident Eduardo Saverin is the second richest person in the island nation, according to the 2018 Forbes Singapore Rich List.

Philex Mining Corp. booked a net income of P552 million in the first six months of 2018, down 23.2 percent from P719 million a year earlier.

Philippine shares remained buoyant with the PSEi rising above 2 percent during the morning session on Thursday, as investors continued to buy positions on positive sentiment from President Duterte’s State of the Nation Address.

The Philippine peso strengthened for the fourth consecutive trading day on Wednesday, driven by risk-on sentiment.

The country is liable to incur more debt if the remaining four items under the Duterte administration’s tax reform program fail the congressional hurdle, Education Secretary Leonor Briones said on Wednesday.

ISOC Infrastructures Inc. submitted to the Department of Information and Communications Technology on Wednesday an unsolicited proposal on building telecommunications towers for the government's “common tower” initiative.

The Department of Information and Communications Technology (DICT) on Wednesday said it is set to finalize the legal matters of the Terms of Reference (TOR) for the selection of the third telecommunications player within 55 days.