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PHL wholesale prices up 9.0% in July, from 2.7% a year earlier

Wholesale prices of commodities in the country grew by 9.0 percent in July, data released by the Philippine Statistics Authority on Tuesday showed.  
GMA News Online / Money / Economy

PHL wholesale prices up 9.0% in July, from 2.7% a year earlier

Wholesale prices of commodities in the country grew by 9.0 percent in July, data released by the Philippine Statistics Authority on Tuesday showed.  

Airbus Defence banks on AFP modernization grow business in the Philippines

Airbus Defence and Space, the military aircraft unit of Airbus, is banking on the Armed Forces of the Philippines modernization program to grow its business in the country.  
GMA News Online / Money / Economy

Airbus Defence banks on AFP modernization grow business in the Philippines

Airbus Defence and Space, the military aircraft unit of Airbus, is banking on the Armed Forces of the Philippines modernization program to grow its business in the country.  

Stocks pressured as US-China trade fight revives growth fears; oil elevated

Asian stocks struggled on Tuesday as the latest round of US-China tariffs revived fears the trade dispute would knock global growth, while crude oil was elevated near four-year highs after Saudi Arabia and Russia ruled out immediate production increases.
GMA News Online / Money / Economy

Stocks pressured as US-China trade fight revives growth fears; oil elevated

Asian stocks struggled on Tuesday as the latest round of US-China tariffs revived fears the trade dispute would knock global growth, while crude oil was elevated near four-year highs after Saudi Arabia and Russia ruled out immediate production increases.

Duterte has certified Security of Tenure Bill as urgent --Villanueva

President Rodrigo Duterte has certified as urgent the bill seeking to eliminate the practice of “endo” by employers and guarantee security of tenure of workers, Senator Joel Villanueva said Tuesday.
GMA News Online / Money / Economy

Duterte has certified Security of Tenure Bill as urgent --Villanueva

President Rodrigo Duterte has certified as urgent the bill seeking to eliminate the practice of “endo” by employers and guarantee security of tenure of workers, Senator Joel Villanueva said Tuesday.

Wall Street lower as industrials, tech fall on trade woes

U.S. stock indexes fell on Monday, with industrial and technology shares bearing the brunt of the latest round of U.S.-China tariffs as neither country showed signs of backing down from a protracted trade war.
GMA News Online / Money / Economy

Wall Street lower as industrials, tech fall on trade woes

U.S. stock indexes fell on Monday, with industrial and technology shares bearing the brunt of the latest round of U.S.-China tariffs as neither country showed signs of backing down from a protracted trade war.

Snapchat ties up with Amazon for point-and-buy

Snap Inc said on Monday it is testing a new way to search for products on Amazon.com through its Snapchat app's camera, allowing users to shop directly using the messaging app.
GMA News Online / Money / Economy

Snapchat ties up with Amazon for point-and-buy

Snap Inc said on Monday it is testing a new way to search for products on Amazon.com through its Snapchat app's camera, allowing users to shop directly using the messaging app.

China says US trying to force it to submit on trade as new tariffs kick in

The United States and China imposed fresh tariffs on each other's goods on Monday as the world's biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to hit global economic growth.
GMA News Online / Money / Economy

China says US trying to force it to submit on trade as new tariffs kick in

The United States and China imposed fresh tariffs on each other's goods on Monday as the world's biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to hit global economic growth.

PSEi extends winning streak for third consecutive day

Philippine share prices continued to climb for the third consecutive session on Monday, as tensions between the world's biggest economies have started to wear out.
GMA News Online / Money / Economy

PSEi extends winning streak for third consecutive day

Philippine share prices continued to climb for the third consecutive session on Monday, as tensions between the world's biggest economies have started to wear out.

Peso marks fresh 12-year low as US-China trade war deepens

The Philippine peso weakened amid a deepening tariffs battle between the world’s two largest economies, to mark a fresh 12-year low on Monday, after China and the United States canceled trade discussions .
GMA News Online / Money / Economy

Peso marks fresh 12-year low as US-China trade war deepens

The Philippine peso weakened amid a deepening tariffs battle between the world’s two largest economies, to mark a fresh 12-year low on Monday, after China and the United States canceled trade discussions .

DA to ask for supplemental budget to rehab Ompong-stricken areas

The Department of Agriculture (DA) will ask Congress to allocate additional funds for the rehabilitation of provinces severely hit by Typhoon Ompong.
GMA News Online / Money / Economy

DA to ask for supplemental budget to rehab Ompong-stricken areas

The Department of Agriculture (DA) will ask Congress to allocate additional funds for the rehabilitation of provinces severely hit by Typhoon Ompong.

BIS warns global economy risks crisis ‘relapse’

The Bank of International Settlements said Sunday the global economy risked a «relapse» of the crisis that rocked it a decade ago, warning there was little «medicine» left to treat the patient a second time.
GMA News Online / Money / Economy

BIS warns global economy risks crisis ‘relapse’

The Bank of International Settlements said Sunday the global economy risked a «relapse» of the crisis that rocked it a decade ago, warning there was little «medicine» left to treat the patient a second time.

Anger mounts in Zambia over Beijing's presence

«China equals Hitler» said the sign held up in the Zambian capital Lusaka by a protester opposed to Beijing's tightening grip on the economy of the southern African nation.
GMA News Online / Money / Economy

Anger mounts in Zambia over Beijing's presence

«China equals Hitler» said the sign held up in the Zambian capital Lusaka by a protester opposed to Beijing's tightening grip on the economy of the southern African nation.

OPEC, Russia rebuff Trump’s call for immediate boost to oil output

OPEC's leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional increase in crude output, effectively rebuffing US President Donald Trump's calls for action to cool the market.
GMA News Online / Money / Economy

OPEC, Russia rebuff Trump’s call for immediate boost to oil output

OPEC's leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional increase in crude output, effectively rebuffing US President Donald Trump's calls for action to cool the market.

Kaspersky Lab eyes Manila office

Russian cybersecurity firm Kaspersky Lab AO is planning to put up an office in the Philippines, in line with plans to expand its footprint in the country.
GMA News Online / Money / Economy

Kaspersky Lab eyes Manila office

Russian cybersecurity firm Kaspersky Lab AO is planning to put up an office in the Philippines, in line with plans to expand its footprint in the country.

Trump weighs draft order targeting Google, Facebook -- reports

President Donald Trump is weighing an executive order that would open federal antitrust and criminal probes into Google, Facebook and other social media firms, US media said Saturday, though the White House promptly distanced itself from the reports.
GMA News Online / Money / Economy

Trump weighs draft order targeting Google, Facebook -- reports

President Donald Trump is weighing an executive order that would open federal antitrust and criminal probes into Google, Facebook and other social media firms, US media said Saturday, though the White House promptly distanced itself from the reports.

Volume of trading on Wall Street spikes on sector reshuffle, quadruple witching

An overhaul of Wall Street's technology and media sectors coincided with the quarterly expiration of futures and options, bringing a burst of volume to trading late on Friday that could continue in the days that follow.
GMA News Online / Money / Economy

Volume of trading on Wall Street spikes on sector reshuffle, quadruple witching

An overhaul of Wall Street's technology and media sectors coincided with the quarterly expiration of futures and options, bringing a burst of volume to trading late on Friday that could continue in the days that follow.

Volume spikes on sector reshuffle, quadruple witching

An overhaul of Wall Street's technology and media sectors coincided with the quarterly expiration of futures and options, bringing a burst of volume to trading late on Friday that could continue in the days that follow.
GMA News Online / Money / Economy

Volume spikes on sector reshuffle, quadruple witching

An overhaul of Wall Street's technology and media sectors coincided with the quarterly expiration of futures and options, bringing a burst of volume to trading late on Friday that could continue in the days that follow.

OPEC and allies struggle to pump more oil as Iran supply falls

OPEC and its allies reduced oil output in August as a drop in Iranian supply due to US sanctions derailed their attempts to raise production to agreed levels, delegates said on Saturday as the energy producers prepared to hold talks in Algiers.
GMA News Online / Money / Economy

OPEC and allies struggle to pump more oil as Iran supply falls

OPEC and its allies reduced oil output in August as a drop in Iranian supply due to US sanctions derailed their attempts to raise production to agreed levels, delegates said on Saturday as the energy producers prepared to hold talks in Algiers.

BSP vows ‘strong monetary action’ on Sept. 27

With just a few days before its policy meeting next week, the Bangko Sentral ng Pilipinas (BSP) on Saturday reiterated its stance to take «strong» monetary actions to address the accelerating inflation.
GMA News Online / Money / Economy

BSP vows ‘strong monetary action’ on Sept. 27

With just a few days before its policy meeting next week, the Bangko Sentral ng Pilipinas (BSP) on Saturday reiterated its stance to take «strong» monetary actions to address the accelerating inflation.

De Lima wants to institutionalize 4Ps for poor families

Opposition Senator Leila de Lima is seeking to institutionalize the Pantawid Pamilyang Pilipino Program (4Ps) as a regular poverty reduction program of the government for qualified poor families across the country.
GMA News Online / Money / Economy

De Lima wants to institutionalize 4Ps for poor families

Opposition Senator Leila de Lima is seeking to institutionalize the Pantawid Pamilyang Pilipino Program (4Ps) as a regular poverty reduction program of the government for qualified poor families across the country.

Port of Manila denies diverting collections to hit target

The Port of Manila on Saturday denied it diverted part of the collection intended for the Port of Batangas, particularly the duties and taxes of Pilipinas Shell Petroleum Corp., to meet its August collection target and prevent the district collector from bein
GMA News Online / Money / Economy

Port of Manila denies diverting collections to hit target

The Port of Manila on Saturday denied it diverted part of the collection intended for the Port of Batangas, particularly the duties and taxes of Pilipinas Shell Petroleum Corp., to meet its August collection target and prevent the district collector from being relieved for missing the target.  

Dow hits new closing high ahead of index reshuffle

Industrials led the Dow to a new closing high on Friday ahead of Monday's major sector reshuffle, capping a week that largely shrugged off trade worries.
GMA News Online / Money / Economy

Dow hits new closing high ahead of index reshuffle

Industrials led the Dow to a new closing high on Friday ahead of Monday's major sector reshuffle, capping a week that largely shrugged off trade worries.

PSEi up 2.13% on bargain hunting at noon break

Share prices on the Philippine Stock Exchange rallied by more than 2 percent during the morning session on Friday as investors hunted for bargains after days of declines.
GMA News Online / Money / Economy

PSEi up 2.13% on bargain hunting at noon break

Share prices on the Philippine Stock Exchange rallied by more than 2 percent during the morning session on Friday as investors hunted for bargains after days of declines.

Duterte wants LandBank to ease loan requirements for small farmers

President Rodrigo Duterte has directed state-owned Land Bank of the Philippines to ease loan requirements in aid of small farmers, especially those affected by Typhoon Ompong, Malacañang said Thursday.
GMA News Online / Money / Economy

Duterte wants LandBank to ease loan requirements for small farmers

President Rodrigo Duterte has directed state-owned Land Bank of the Philippines to ease loan requirements in aid of small farmers, especially those affected by Typhoon Ompong, Malacañang said Thursday.

Piñol wants to ban ‘fancy rice’ importation

On the heels of the return of the National Food Authority (NFA) under the Department Agriculture (DA), Agriculture Secretary Manny Piñol said Thursday he will propose a ban on importing fancy rice next year in a bid to temper the increasing prices of the com
GMA News Online / Money / Economy

Piñol wants to ban ‘fancy rice’ importation

On the heels of the return of the National Food Authority (NFA) under the Department Agriculture (DA), Agriculture Secretary Manny Piñol said Thursday he will propose a ban on importing fancy rice next year in a bid to temper the increasing prices of the commodity in the country.  

Piñol cancels NFA chief Jason Aquino’s leave

Following the return of the National Food Authority to the Department of Agriculture, Agriculture Secretary Manny Piñol said Thursday he canceled the leave of absence of NFA administrator Jason Aquino.
GMA News Online / Money / Economy

Piñol cancels NFA chief Jason Aquino’s leave

Following the return of the National Food Authority to the Department of Agriculture, Agriculture Secretary Manny Piñol said Thursday he canceled the leave of absence of NFA administrator Jason Aquino.

PHL shares enter bear territory on Ompong’s inflationary impact

Philippine shares traded lower in a sell-off on Thursday that plunged the market back into bear territory amid inflation jitters related to the destruction of crops and infrastructure by Typhoon Ompong.
GMA News Online / Money / Economy

PHL shares enter bear territory on Ompong’s inflationary impact

Philippine shares traded lower in a sell-off on Thursday that plunged the market back into bear territory amid inflation jitters related to the destruction of crops and infrastructure by Typhoon Ompong.

Benguet Corp., DENR liable for deaths in Itogon landslide

Benguet Corporation and the Department of Environment and Natural Resources should be held liable for the deaths of at least 20 small-scale miners and 57 others missing in Itogon, Benguet due to a landslide caused by typhoon Ompong, an expert on ecology and t
GMA News Online / Money / Economy

Benguet Corp., DENR liable for deaths in Itogon landslide

Benguet Corporation and the Department of Environment and Natural Resources should be held liable for the deaths of at least 20 small-scale miners and 57 others missing in Itogon, Benguet due to a landslide caused by typhoon Ompong, an expert on ecology and the environment said Wednesday.  

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