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Palace: Metrobank founder Ty a ‘visionary’ with a lasting legacy

Metrobank founder George Ty was a «visionary and pillar of the Philippine economy» who left a lasting legacy to a grateful nation, the Palace said Monday.
GMA News Online / Money / Economy

Palace: Metrobank founder Ty a ‘visionary’ with a lasting legacy

Metrobank founder George Ty was a «visionary and pillar of the Philippine economy» who left a lasting legacy to a grateful nation, the Palace said Monday.

Wage growth slows to worst rate since 2008 crisis - UN

Wage growth in 2017 slowed to its lowest rate since 2008, the year of the financial crisis, despite solid economic growth and falling unemployment in major economies, the International Labor Organization said Monday.
GMA News Online / Money / Economy

Wage growth slows to worst rate since 2008 crisis - UN

Wage growth in 2017 slowed to its lowest rate since 2008, the year of the financial crisis, despite solid economic growth and falling unemployment in major economies, the International Labor Organization said Monday.

Wall Street rises on gains in retailers as Cyber Monday begins

US stocks gained on Monday, helped by shares of retailers on expectations of blockbuster sales on the largest online shopping day of the year, and as technology shares rose after taking a beating last week.
GMA News Online / Money / Economy

Wall Street rises on gains in retailers as Cyber Monday begins

US stocks gained on Monday, helped by shares of retailers on expectations of blockbuster sales on the largest online shopping day of the year, and as technology shares rose after taking a beating last week.

Mitsubishi Motors ousts Ghosn as chairman, follows Nissan’s footsteps

Mitsubishi Motors Corp. said on Monday its board removed Carlos Ghosn from his role as chairman, following his arrest and ouster from alliance partner Nissan Motor Co. last week for alleged financial misconduct.
GMA News Online / Money / Economy

Mitsubishi Motors ousts Ghosn as chairman, follows Nissan’s footsteps

Mitsubishi Motors Corp. said on Monday its board removed Carlos Ghosn from his role as chairman, following his arrest and ouster from alliance partner Nissan Motor Co. last week for alleged financial misconduct.

PHL, China authorize enterprises in oil exploration working groups

The governments of China and the Philippines have authorized their respective enterprises to work hand in hand in exploring and developing oil and gas reserves in West Philippines, details of the agreement signed last week revealed.
GMA News Online / Money / Economy

PHL, China authorize enterprises in oil exploration working groups

The governments of China and the Philippines have authorized their respective enterprises to work hand in hand in exploring and developing oil and gas reserves in West Philippines, details of the agreement signed last week revealed.

Asian shares on defensive as plunging oil prices fan growth worries

TOKYO -- Asian shares were on a slippery slope on Monday as plunging oil prices fanned worries about a dimming outlook for the global economy as investors brace for a crucial meeting between US and Chinese leaders at the end of week.
GMA News Online / Money / Economy

Asian shares on defensive as plunging oil prices fan growth worries

TOKYO -- Asian shares were on a slippery slope on Monday as plunging oil prices fanned worries about a dimming outlook for the global economy as investors brace for a crucial meeting between US and Chinese leaders at the end of week.

IFC, IFC Emerging Asia Fund to invest $40M in PLDT’s Voyager Innovations

The International Finance Corporation and IFC Emerging Asia Fund are subscribing to $40 million of newly-issued shares in PLDT Inc.’s Voyager Innovations, PLDT said Monday.  
GMA News Online / Money / Economy

IFC, IFC Emerging Asia Fund to invest $40M in PLDT’s Voyager Innovations

The International Finance Corporation and IFC Emerging Asia Fund are subscribing to $40 million of newly-issued shares in PLDT Inc.’s Voyager Innovations, PLDT said Monday.  

GM to close Canadian factory, putting 3,000 jobs at risk --CTV

Montreal, Canada -- General Motors is expected to announce on Monday the closure of a factory in the Canadian city of Oshawa, putting almost 3,000 jobs at risk, Canadian channel CTV reported.  
GMA News Online / Money / Economy

GM to close Canadian factory, putting 3,000 jobs at risk --CTV

Montreal, Canada -- General Motors is expected to announce on Monday the closure of a factory in the Canadian city of Oshawa, putting almost 3,000 jobs at risk, Canadian channel CTV reported.  

LandBank January-September net income up 9%

State-owned Land Bank of the Philippines posted a 9-percent growth in its net income in the first nine months of the year, driven by the growth of its top line during the period.
GMA News Online / Money / Economy

LandBank January-September net income up 9%

State-owned Land Bank of the Philippines posted a 9-percent growth in its net income in the first nine months of the year, driven by the growth of its top line during the period.

Renault-Nissan leaders to meet amid tensions over Ghosn ouster

Renault-Nissan executives will attempt this coming week to shield their joint operations from a looming power struggle between the carmakers, following alliance boss Carlos Ghosn's shock arrest over misconduct allegations
GMA News Online / Money / Economy

Renault-Nissan leaders to meet amid tensions over Ghosn ouster

Renault-Nissan executives will attempt this coming week to shield their joint operations from a looming power struggle between the carmakers, following alliance boss Carlos Ghosn's shock arrest over misconduct allegations

Selection of Mislatel shows govt's' bias towards China - Fitch Solutions

The selection of the Mislatel Consortium as the Philippines' new major telecoms player hints at the government's bias towards China and was a sign of President Rodrigo Duterte's warming posture towards China, Fitch Solutions Macro Research said in a commentar
GMA News Online / Money / Economy

Selection of Mislatel shows govt's' bias towards China - Fitch Solutions

The selection of the Mislatel Consortium as the Philippines' new major telecoms player hints at the government's bias towards China and was a sign of President Rodrigo Duterte's warming posture towards China, Fitch Solutions Macro Research said in a commentary.

Mighty says it has nothing to do with 500,000 packs of cigarettes seized by BIR

Mighty Corporation on Sunday denied any involvement in the production of half a million packs of cigarettes with fake tax stamps seized by the Bureau of Internal Revenue (BIR) last week.
GMA News Online / Money / Economy

Mighty says it has nothing to do with 500,000 packs of cigarettes seized by BIR

Mighty Corporation on Sunday denied any involvement in the production of half a million packs of cigarettes with fake tax stamps seized by the Bureau of Internal Revenue (BIR) last week.

Excise tax on fuel products should be scrapped entirely, Quimbo says

Marikina City Representative Miro Quimbo on Sunday stressed that excise taxes imposed by the Tax Reform for Acceleration and Inclusion Law on some fuel products should still be scrapped in its entirety.
GMA News Online / Money / Economy

Excise tax on fuel products should be scrapped entirely, Quimbo says

Marikina City Representative Miro Quimbo on Sunday stressed that excise taxes imposed by the Tax Reform for Acceleration and Inclusion Law on some fuel products should still be scrapped in its entirety.

Investors caught in crossfire of fight for holiday shoppers

Investors would normally be thankful for a strong US economy, yet this holiday season they worry retailers may have to spend heavily to win, leaving shareholders with a lump of coal.
GMA News Online / Money / Economy

Investors caught in crossfire of fight for holiday shoppers

Investors would normally be thankful for a strong US economy, yet this holiday season they worry retailers may have to spend heavily to win, leaving shareholders with a lump of coal.

Oil price war rages in Malolos, Bulacan

While a series of rollbacks has driven oil pump prices down, gas sold at some stations in Barangay Pinagbakahan in Malolos, Bulacan was even cheaper by up to P10 a liter compared to rates in Metro Manila and other areas.  
GMA News Online / Money / Economy

Oil price war rages in Malolos, Bulacan

While a series of rollbacks has driven oil pump prices down, gas sold at some stations in Barangay Pinagbakahan in Malolos, Bulacan was even cheaper by up to P10 a liter compared to rates in Metro Manila and other areas.  

DTI open to possible protective tariff on imported refined palm oil

Trade secretary Ramon Lopez on Saturday expressed openness to subjecting imported refined palm oil to protective tariff, and encouraged consumer groups to forward to the agency their concerns for a possible hearing on the matter.
GMA News Online / Money / Economy

DTI open to possible protective tariff on imported refined palm oil

Trade secretary Ramon Lopez on Saturday expressed openness to subjecting imported refined palm oil to protective tariff, and encouraged consumer groups to forward to the agency their concerns for a possible hearing on the matter.

Increase in prices of more costly bread due to schedule --DTI

Trade Secretary Ramon Lopez on Saturday maintained that the increase in prices of the more costly bread, particularly the Gardenia brand, are really due to schedule, after holding off their price increases in the past few months.
GMA News Online / Money / Economy

Increase in prices of more costly bread due to schedule --DTI

Trade Secretary Ramon Lopez on Saturday maintained that the increase in prices of the more costly bread, particularly the Gardenia brand, are really due to schedule, after holding off their price increases in the past few months.

Oil plunges nearly 8 percent despite talk of output cut

Oil prices slumped up to nearly 8 percent to the lowest in more than a year on Friday, posting the seventh consecutive weekly loss, amid intensifying fears of a supply glut even as major producers consider cutting output.
GMA News Online / Money / Economy

Oil plunges nearly 8 percent despite talk of output cut

Oil prices slumped up to nearly 8 percent to the lowest in more than a year on Friday, posting the seventh consecutive weekly loss, amid intensifying fears of a supply glut even as major producers consider cutting output.

Oil tumbles on oversupply concerns, sinking world stocks

Oil prices plunged on Friday on concerns about oversupply, sending world stock markets lower as lagging energy shares weighed down Wall Street.
GMA News Online / Money / Economy

Oil tumbles on oversupply concerns, sinking world stocks

Oil prices plunged on Friday on concerns about oversupply, sending world stock markets lower as lagging energy shares weighed down Wall Street.

Oil slide pulls Wall Street lower

US stocks fell on Friday as oil prices slipped to their lowest in more than a year, dragging down energy shares, while investors were nervous ahead of US-China trade talks at the G20 summit next week.
GMA News Online / Money / Economy

Oil slide pulls Wall Street lower

US stocks fell on Friday as oil prices slipped to their lowest in more than a year, dragging down energy shares, while investors were nervous ahead of US-China trade talks at the G20 summit next week.

Climate cash for developing world set to meet UN 2020 goal

Cash from wealthy countries to help the developing world tackle climate change has risen substantially in recent years, putting them on track to meet a politically important 2020 UN target to go green and adapt to wild weather, analysts said on Friday.
GMA News Online / Money / Economy

Climate cash for developing world set to meet UN 2020 goal

Cash from wealthy countries to help the developing world tackle climate change has risen substantially in recent years, putting them on track to meet a politically important 2020 UN target to go green and adapt to wild weather, analysts said on Friday.

China worries about hog supply as African swine fever reaches Beijing

China will adjust its rules on controlling the spread of African swine fever to keep pork supplies stable, said an official on Friday, even as the country reported the first cases of the disease to be discovered in its capital.
GMA News Online / Money / Economy

China worries about hog supply as African swine fever reaches Beijing

China will adjust its rules on controlling the spread of African swine fever to keep pork supplies stable, said an official on Friday, even as the country reported the first cases of the disease to be discovered in its capital.

SSS pensioners to receive 13th month pay starting Nov. 29

Social Security System (SSS) pensioners will receive their 13th month bonus starting November 29, according to Maki Pulido's report on Balitanghali on Friday.
GMA News Online / Money / Economy

SSS pensioners to receive 13th month pay starting Nov. 29

Social Security System (SSS) pensioners will receive their 13th month bonus starting November 29, according to Maki Pulido's report on Balitanghali on Friday.

Panglao international airport inaugurated on Tuesday, Nov. 27 --DOTr

The Bohol Panglao International Airport, the country's first eco-airport, is set to open on November 27, the Department of Transportation (DOTr) said Friday.
GMA News Online / Money / Economy

Panglao international airport inaugurated on Tuesday, Nov. 27 --DOTr

The Bohol Panglao International Airport, the country's first eco-airport, is set to open on November 27, the Department of Transportation (DOTr) said Friday.

PSEi firms up on foreign buying, hopes of easing inflation

Share prices on the Philippine Stock Exchange closed on a strong note Friday, supported by foreign buying as investors took positions amid optimism that inflation is tapering off on the back of slipping crude oil prices.
GMA News Online / Money / Economy

PSEi firms up on foreign buying, hopes of easing inflation

Share prices on the Philippine Stock Exchange closed on a strong note Friday, supported by foreign buying as investors took positions amid optimism that inflation is tapering off on the back of slipping crude oil prices.

Globe not inclined to engage Mislatel in price war

Despite expectations of an ensuing price war once third telco Mislatel Consortium is up and running next year, Globe Telecom Inc. is not about to take the bait and rival PLDT Inc. thinks it is too early to talk about such things.  
GMA News Online / Money / Economy

Globe not inclined to engage Mislatel in price war

Despite expectations of an ensuing price war once third telco Mislatel Consortium is up and running next year, Globe Telecom Inc. is not about to take the bait and rival PLDT Inc. thinks it is too early to talk about such things.  

‘High demand, limited stock’ affect rice market

The lack of rice in some markets is a result of high demand and limited stock, according to the National Food Authority and the Alyansa ng Industriyang Bigas.
GMA News Online / Money / Economy

‘High demand, limited stock’ affect rice market

The lack of rice in some markets is a result of high demand and limited stock, according to the National Food Authority and the Alyansa ng Industriyang Bigas.

Rice industry group expects ‘chaos’ once trade is opened

The Alyansa ng Industriyang Bigas on Friday made it clear that they are opposed to rice trade liberalization as it is detrimental to Filipino farmers and traders.  
GMA News Online / Money / Economy

Rice industry group expects ‘chaos’ once trade is opened

The Alyansa ng Industriyang Bigas on Friday made it clear that they are opposed to rice trade liberalization as it is detrimental to Filipino farmers and traders.  

Group of Dennis Uy, China oil firm likely to bag LNG terminal project

The group of Davao-based businessman Dennis Uy's Phoenix Petroleum and China National Offshore Oil Corp. (CNOOC) is likely to be given the go-ahead by the Department of Energy to proceed with the government's plan to build a liquefied natural gas (LNG) facili
GMA News Online / Money / Economy

Group of Dennis Uy, China oil firm likely to bag LNG terminal project

The group of Davao-based businessman Dennis Uy's Phoenix Petroleum and China National Offshore Oil Corp. (CNOOC) is likely to be given the go-ahead by the Department of Energy to proceed with the government's plan to build a liquefied natural gas (LNG) facility.

CTA rules in favor of mining firm’s appeal to review P76-M tax assessment

The Court of Tax Appeals has ruled in favor of nickel mining firm SR Metals Inc. in cancelling its alleged tax liability worth P76.2 million for 2012.
GMA News Online / Money / Economy

CTA rules in favor of mining firm’s appeal to review P76-M tax assessment

The Court of Tax Appeals has ruled in favor of nickel mining firm SR Metals Inc. in cancelling its alleged tax liability worth P76.2 million for 2012.

Korea vows to take back trash illegally shipped to PHL

According to a statement from the Embassy of South Korea, the Korean government was taking measures to have the waste brought back to the country «as soon as possible.» According to a statement from the Embassy of South Korea, the Korean governmen
GMA News Online / Money / Economy

Korea vows to take back trash illegally shipped to PHL

According to a statement from the Embassy of South Korea, the Korean government was taking measures to have the waste brought back to the country «as soon as possible.» According to a statement from the Embassy of South Korea, the Korean government was taking measures to have the waste brought back to the country «as soon as possible.»

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