Philippines
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SWS' poll paints accurate picture of PHL joblessness - IBON

Research institution the IBON Foundation said on Sunday that the findings of a recent Social Weather Stations (SWS) survey painted an accurate picture of unemployment in the Philippines.
GMA News Online / Money / Economy

SWS' poll paints accurate picture of PHL joblessness - IBON

Research institution the IBON Foundation said on Sunday that the findings of a recent Social Weather Stations (SWS) survey painted an accurate picture of unemployment in the Philippines.

Saudi says to cut oil output as producers discuss price dip

Saudi Arabia, the world's top crude exporter, said Sunday it will cut oil output from next month, as major producers held a key meeting to discuss shoring up sliding prices.
GMA News Online / Money / Economy

Saudi says to cut oil output as producers discuss price dip

Saudi Arabia, the world's top crude exporter, said Sunday it will cut oil output from next month, as major producers held a key meeting to discuss shoring up sliding prices.

Alibaba Singles' Day smashes $25B sales record

Chinese e-commerce giant Alibaba Group Holding Ltd smashed the 2017 record for its Singles' Day sales event on Sunday, surpassing 168 billion yuan ($24.15 billion) sales in under sixteen hours.
GMA News Online / Money / Economy

Alibaba Singles' Day smashes $25B sales record

Chinese e-commerce giant Alibaba Group Holding Ltd smashed the 2017 record for its Singles' Day sales event on Sunday, surpassing 168 billion yuan ($24.15 billion) sales in under sixteen hours.

China-backed trade deal takes center stage at summit as US retreats

World leaders will push for the rapid completion of a massive, China-backed trade deal that excludes the US at a summit this week, in a rebuke to rising protectionism and Donald Trump's «America First» agenda.
GMA News Online / Money / Economy

China-backed trade deal takes center stage at summit as US retreats

World leaders will push for the rapid completion of a massive, China-backed trade deal that excludes the US at a summit this week, in a rebuke to rising protectionism and Donald Trump's «America First» agenda.

Andanar: Hard to doubt Dennis Uy-China Tel group’s win as third telco due

Presidential Communications Secretary Martin Andanar on Sunday defended the naming of the Mislatel Consortium as the provisional third telco in the Philippines, citing the «transparent» bidding process last week.
GMA News Online / Money / Economy

Andanar: Hard to doubt Dennis Uy-China Tel group’s win as third telco due

Presidential Communications Secretary Martin Andanar on Sunday defended the naming of the Mislatel Consortium as the provisional third telco in the Philippines, citing the «transparent» bidding process last week.

Singson group insists agreement with Mislatel valid, binding

Sear Consortium--the group of TierOne Communications International and the Chavit Singson-led LCS Group of Companies--over the weekend insisted that the Mindanao Islamic Telephone Co. (Mislatel) has existing contractual obligations.
GMA News Online / Money / Economy

Singson group insists agreement with Mislatel valid, binding

Sear Consortium--the group of TierOne Communications International and the Chavit Singson-led LCS Group of Companies--over the weekend insisted that the Mindanao Islamic Telephone Co. (Mislatel) has existing contractual obligations.

Investors focus on retailers as wages rise

US companies are warning about rising wages eating into profit margins, increasing investor worries that next year's expected drop in profit growth may be sharper than feared.
GMA News Online / Money / Economy

Investors focus on retailers as wages rise

US companies are warning about rising wages eating into profit margins, increasing investor worries that next year's expected drop in profit growth may be sharper than feared.

Cathay ordered to explain personal data breach of 100k Pinoys --NPC

The National Privacy Commission on Saturday said it has ordered Cathay Pacific Airways to address issues concerning a data breach involving personal information of 100,000 Filipinos, more than 35,000 exposed Philippine passport numbers, and over 100 exposed c
GMA News Online / Money / Economy

Cathay ordered to explain personal data breach of 100k Pinoys --NPC

The National Privacy Commission on Saturday said it has ordered Cathay Pacific Airways to address issues concerning a data breach involving personal information of 100,000 Filipinos, more than 35,000 exposed Philippine passport numbers, and over 100 exposed credit card numbers.  

Mislatel consortium is skirting questions on lapsed franchise --think tank

Think tank Infrawatch PH on Saturday slammed anew the declared provisional third telco player Mislatel Consortium, alleging that it has been skirting questions on the lapsed franchise of its consortium partner -- Mindanao Islamic Telephone Co.
GMA News Online / Money / Economy

Mislatel consortium is skirting questions on lapsed franchise --think tank

Think tank Infrawatch PH on Saturday slammed anew the declared provisional third telco player Mislatel Consortium, alleging that it has been skirting questions on the lapsed franchise of its consortium partner -- Mindanao Islamic Telephone Co.

3rd telco member refutes Singson: Mislatel has no deal with TierOne

Mindanao Islamic Telephone Co. (Mislatel), one of the members of the consortium declared as the provisional third telco player, on Saturday refuted the claims of former Ilocos Sur Governor Luis Chavit Singson that it has contractual obligations with a subsidi
GMA News Online / Money / Economy

3rd telco member refutes Singson: Mislatel has no deal with TierOne

Mindanao Islamic Telephone Co. (Mislatel), one of the members of the consortium declared as the provisional third telco player, on Saturday refuted the claims of former Ilocos Sur Governor Luis Chavit Singson that it has contractual obligations with a subsidiary of TierOne Communications.  

Oil slide, China worries send Wall Street tumbling

Wall Street's three major stock indexes lost ground on Friday, after a week of recovery from the October sell-off, as oil prices fell further and more evidence of a slowing Chinese economy was reported.
GMA News Online / Money / Economy

Oil slide, China worries send Wall Street tumbling

Wall Street's three major stock indexes lost ground on Friday, after a week of recovery from the October sell-off, as oil prices fell further and more evidence of a slowing Chinese economy was reported.

UK economy picks up but slowdown looms before Brexit

Britain's economy has grown at the fastest pace in nearly two years as strong exports and solid household spending offset slumping business investment, data showed Friday awaiting a Brexit deal.
GMA News Online / Money / Economy

UK economy picks up but slowdown looms before Brexit

Britain's economy has grown at the fastest pace in nearly two years as strong exports and solid household spending offset slumping business investment, data showed Friday awaiting a Brexit deal.

Amazon strikes deal with Apple to sell iPhones, iPads

Amazon.com Inc on Friday said it would carry more Apple Inc products globally in time for the holiday shopping season, as the technology rivals put aside past differences to boost sales.
GMA News Online / Money / Economy

Amazon strikes deal with Apple to sell iPhones, iPads

Amazon.com Inc on Friday said it would carry more Apple Inc products globally in time for the holiday shopping season, as the technology rivals put aside past differences to boost sales.

Globe, PLDT-Smart look forward to working with Honasan

Dominant telecommunications firms Globe Telecom and PLDT-Smart on Friday welcomed Senator Gringo Honasan's appointment as secretary of the Department of Information and Communications Technology (DICT).
GMA News Online / Money / Economy

Globe, PLDT-Smart look forward to working with Honasan

Dominant telecommunications firms Globe Telecom and PLDT-Smart on Friday welcomed Senator Gringo Honasan's appointment as secretary of the Department of Information and Communications Technology (DICT).

Singson group to file motion for reconsideration on third telco bid

The telecom group led by former Ilocos Sur Governor Luis Chavit Singson is filing on Friday a motion for reconsideration before the National Telecommunications Commission regarding its bid for the government’s third telco initiative.  
GMA News Online / Money / Economy

Singson group to file motion for reconsideration on third telco bid

The telecom group led by former Ilocos Sur Governor Luis Chavit Singson is filing on Friday a motion for reconsideration before the National Telecommunications Commission regarding its bid for the government’s third telco initiative.  

MRT-3 to reach high-grade infrastructure status in two years

The Metro Rail Transit (MRT)-3, which runs from North Avenue-EDSA in Quezon City to Taft Avenue-EDSA in Pasay City, will be restored to its high-grade infrastructure status in 26 months, the Department of Transportation (DOTr) said Friday.
GMA News Online / Money / Economy

MRT-3 to reach high-grade infrastructure status in two years

The Metro Rail Transit (MRT)-3, which runs from North Avenue-EDSA in Quezon City to Taft Avenue-EDSA in Pasay City, will be restored to its high-grade infrastructure status in 26 months, the Department of Transportation (DOTr) said Friday.

Bargain hunting saves PSEi from closing below 7,000 support level

The benchmark PSEI managed to close in the green on Thursday, helped by bargain hunting despite trading on a weak note during most of the session due to a slower-than-expected third quarter gross domestic product growth.  
GMA News Online / Money / Economy

Bargain hunting saves PSEi from closing below 7,000 support level

The benchmark PSEI managed to close in the green on Thursday, helped by bargain hunting despite trading on a weak note during most of the session due to a slower-than-expected third quarter gross domestic product growth.  

GERI’s net income up 16% to P1.29B in January-September 2018

Property giant Megaworld Corp.’s tourism development arm Global-Estate Resorts, Inc. (GERI) posted a net income of P1.29 billion in the first nine months of 2018, up 16 percent from P1.11 billion a year earlier.
GMA News Online / Money / Economy

GERI’s net income up 16% to P1.29B in January-September 2018

Property giant Megaworld Corp.’s tourism development arm Global-Estate Resorts, Inc. (GERI) posted a net income of P1.29 billion in the first nine months of 2018, up 16 percent from P1.11 billion a year earlier.

Tesla names director Denholm as new chair

Tesla Inc director Robyn Denholm, a telecoms executive who has worked for Toyota, has been promoted to chairwoman of the electric car company, tasked with regulating billionaire Elon Musk's regime after months of turbulence which have worried Wall Street.
GMA News Online / Money / Economy

Tesla names director Denholm as new chair

Tesla Inc director Robyn Denholm, a telecoms executive who has worked for Toyota, has been promoted to chairwoman of the electric car company, tasked with regulating billionaire Elon Musk's regime after months of turbulence which have worried Wall Street.

PLDT invests P2.15B in Multisys Technologies

PLDT Inc. on Thursday said it is investing P2.15 billion for a 45.73-percent interest in Philippine software developer and IT solutions provider Multisys Technologies Corp.
GMA News Online / Money / Economy

PLDT invests P2.15B in Multisys Technologies

PLDT Inc. on Thursday said it is investing P2.15 billion for a 45.73-percent interest in Philippine software developer and IT solutions provider Multisys Technologies Corp.

Singson vows to come up with P700-M participation security

Businessman Luis Chavit Singson on Thursday said his group would come up with the requirements which they supposedly missed in bidding for the country’s third telecommunications player.
GMA News Online / Money / Economy

Singson vows to come up with P700-M participation security

Businessman Luis Chavit Singson on Thursday said his group would come up with the requirements which they supposedly missed in bidding for the country’s third telecommunications player.

Think thank sees slower 2018 growth as PHL’s Q3 GDP slips

London-based think tank Capital Economics has lowered its growth outlook for the Philippines for 2018 on the back of slower gross domestic product (GDP) print in the third quarter.
GMA News Online / Money / Economy

Think thank sees slower 2018 growth as PHL’s Q3 GDP slips

London-based think tank Capital Economics has lowered its growth outlook for the Philippines for 2018 on the back of slower gross domestic product (GDP) print in the third quarter.

Post-election Wall St. surge leads Asia higher, dollar off lows

TOKYO -- Asian stocks rose on Thursday as investors, relieved to have moved past the US midterm elections without any major political surprises, drove a Wall Street rally, while the dollar clawed back some of its earlier losses.
GMA News Online / Money / Economy

Post-election Wall St. surge leads Asia higher, dollar off lows

TOKYO -- Asian stocks rose on Thursday as investors, relieved to have moved past the US midterm elections without any major political surprises, drove a Wall Street rally, while the dollar clawed back some of its earlier losses.

Philippine GDP grows slower at 6.1% in Q3

The Philippine gross domestic product grew at a slower pace of 6.1 percent in the third quarter, compared with the previous quarter and the same comparable period in 2017, the Philippine Statistics Authority reported on Thursday.  
GMA News Online / Money / Economy

Philippine GDP grows slower at 6.1% in Q3

The Philippine gross domestic product grew at a slower pace of 6.1 percent in the third quarter, compared with the previous quarter and the same comparable period in 2017, the Philippine Statistics Authority reported on Thursday.  

PSEi slips 2% on third telco, Q3 GDP concerns

Share prices on the Philippine Stock Exchange slipped more than 2 percent on Wednesday as uncertainties about the third telco initiative and the third quarter economic growth figures triggered a market sell-off.  
GMA News Online / Money / Economy

PSEi slips 2% on third telco, Q3 GDP concerns

Share prices on the Philippine Stock Exchange slipped more than 2 percent on Wednesday as uncertainties about the third telco initiative and the third quarter economic growth figures triggered a market sell-off.  

NTC declares Udenna-China Tel group as provisional third telco

The National Telecommunications Commission on Wednesday declared Mislatel Consortium as the country’s “provisional” third telco.
GMA News Online / Money / Economy

NTC declares Udenna-China Tel group as provisional third telco

The National Telecommunications Commission on Wednesday declared Mislatel Consortium as the country’s “provisional” third telco.

PHL trade deficit swells 124% in September

The Philippines' trade in goods deficit swelled by 124.14 percent in September, as imports continued to grow while exports registered a decline, the Philippine Statistics Authority (PSA) reported Wednesday.
GMA News Online / Money / Economy

PHL trade deficit swells 124% in September

The Philippines' trade in goods deficit swelled by 124.14 percent in September, as imports continued to grow while exports registered a decline, the Philippine Statistics Authority (PSA) reported Wednesday.

Globe, Smart ready for the third telco player

Spokespersons for both Smart Communications and Globe Telecom on Wednesday said they have been improving their services as they expressed readiness for the entry of the third major player in the telecommunications industry.
GMA News Online / Money / Economy

Globe, Smart ready for the third telco player

Spokespersons for both Smart Communications and Globe Telecom on Wednesday said they have been improving their services as they expressed readiness for the entry of the third major player in the telecommunications industry.

Three groups bid for third telco initiative

Out of the 10 groups that were reported to have bought bid documents for the government's third telco initiative, only three submitted bid documents ahead of Wednesday's 10:00 a.m. deadline.
GMA News Online / Money / Economy

Three groups bid for third telco initiative

Out of the 10 groups that were reported to have bought bid documents for the government's third telco initiative, only three submitted bid documents ahead of Wednesday's 10:00 a.m. deadline.

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