Philippines



Draft Brexit deal ends Britain's easy access to EU financial markets

The United Kingdom and the European Union have agreed a deal that will give London's vast financial centre only a basic level of access to the bloc's markets after Brexit.
GMA News Online / Money / Economy

Draft Brexit deal ends Britain's easy access to EU financial markets

The United Kingdom and the European Union have agreed a deal that will give London's vast financial centre only a basic level of access to the bloc's markets after Brexit.

Wall Street gains on tame inflation data, oil rebound

US stocks were higher on Wednesday, after consumer prices in October rose as expected, adding little pressure on the Federal Reserve to raise interest rates swiftly, while a rebound in oil prices lifted energy stocks.
GMA News Online / Money / Economy

Wall Street gains on tame inflation data, oil rebound

US stocks were higher on Wednesday, after consumer prices in October rose as expected, adding little pressure on the Federal Reserve to raise interest rates swiftly, while a rebound in oil prices lifted energy stocks.

PCCI: Closing El Nido, Coron would not be good for business

The Philippine Chamber of Commerce and Industry (PCCI) on Wednesday warned that closing top tourist destinations El Nido and Coron in Palawan would have a negative impact on businesses and jobs.
GMA News Online / Money / Economy

PCCI: Closing El Nido, Coron would not be good for business

The Philippine Chamber of Commerce and Industry (PCCI) on Wednesday warned that closing top tourist destinations El Nido and Coron in Palawan would have a negative impact on businesses and jobs.

Senate approves tax amnesty bill on 2nd reading

The Senate has approved on second reading a measure seeking a general tax amnesty for all unpaid internal revenue taxes due for taxable year 2017 and prior years.
GMA News Online / Money / Economy

Senate approves tax amnesty bill on 2nd reading

The Senate has approved on second reading a measure seeking a general tax amnesty for all unpaid internal revenue taxes due for taxable year 2017 and prior years.

S&P, Dow lose ground as crude plunge punishes energy stocks

The Dow and S&P 500 ended slightly lower on Tuesday following losses in energy shares and Boeing, offsetting a small gain in technology stocks and renewed hopes for progress in trade talks.
GMA News Online / Money / Economy

S&P, Dow lose ground as crude plunge punishes energy stocks

The Dow and S&P 500 ended slightly lower on Tuesday following losses in energy shares and Boeing, offsetting a small gain in technology stocks and renewed hopes for progress in trade talks.

Oil plummets on global demand concerns; US stocks end lower

Oil prices plunged 7 percent on Tuesday on persistent concerns of oversupply and weakening global demand, causing Wall Street stocks to reverse early gains that were driven by the resumption of trade talks between the United States and China.
GMA News Online / Money / Economy

Oil plummets on global demand concerns; US stocks end lower

Oil prices plunged 7 percent on Tuesday on persistent concerns of oversupply and weakening global demand, causing Wall Street stocks to reverse early gains that were driven by the resumption of trade talks between the United States and China.

Prices of canned sardines to go up by December

Prices of canned sardines are set to go up by P0.50 to P0.60 per can starting December 1, 2018, according to the Canned Sardines Association of the Philippines (CSAP) on Wednesday.
GMA News Online / Money / Economy

Prices of canned sardines to go up by December

Prices of canned sardines are set to go up by P0.50 to P0.60 per can starting December 1, 2018, according to the Canned Sardines Association of the Philippines (CSAP) on Wednesday.

Amazon picks New York City, Washington DC area for $5B new headquarters

Amazon.com Inc picked America's financial and political capitals for its split new headquarters, saying on Tuesday it will build offices for more than 25,000 people each in New York City and close by Washington, DC
GMA News Online / Money / Economy

Amazon picks New York City, Washington DC area for $5B new headquarters

Amazon.com Inc picked America's financial and political capitals for its split new headquarters, saying on Tuesday it will build offices for more than 25,000 people each in New York City and close by Washington, DC

Wall Street set to rebound after technology-led selloff

US stocks were set to open higher on Tuesday, as strong results from Home Depot Inc and hopes of progress in the US-China trade talks helped Wall Street's recovery from a technology-driven selloff.
GMA News Online / Money / Economy

Wall Street set to rebound after technology-led selloff

US stocks were set to open higher on Tuesday, as strong results from Home Depot Inc and hopes of progress in the US-China trade talks helped Wall Street's recovery from a technology-driven selloff.

Natural gas to overtake coal as world's second largest energy source by 2030 -- IEA

Natural gas is expected to overtake coal as the world's second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the International Energy Agency (IEA) said on Tuesday.
GMA News Online / Money / Economy

Natural gas to overtake coal as world's second largest energy source by 2030 -- IEA

Natural gas is expected to overtake coal as the world's second largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the International Energy Agency (IEA) said on Tuesday.

Warnings of a ‘domino effect’ of protectionism as Asian leaders meet

Asian leaders gathered for a a summit on Tuesday amid warnings that the post-World War Two international order is in jeopardy and trade tensions between Washington and Beijing could trigger a «domino effect» of protectionist measures by other coun
GMA News Online / Money / Economy

Warnings of a ‘domino effect’ of protectionism as Asian leaders meet

Asian leaders gathered for a a summit on Tuesday amid warnings that the post-World War Two international order is in jeopardy and trade tensions between Washington and Beijing could trigger a «domino effect» of protectionist measures by other countries.

Philippine fiscal policy likely to support growth --Capital Economics

Economic growth has slowed steadily across Emerging Asia over the past year, including the Philippines, a slowdown that looks set to continue as weaker global demand is set to put a major drag on growth in the coming quarters, a research report by Capital Eco
GMA News Online / Money / Economy

Philippine fiscal policy likely to support growth --Capital Economics

Economic growth has slowed steadily across Emerging Asia over the past year, including the Philippines, a slowdown that looks set to continue as weaker global demand is set to put a major drag on growth in the coming quarters, a research report by Capital Economics showed.  

PAL now flies nonstop direct to New York

Flag carrier Philippine Airlines is now flying nonstop direct to New York City, the first such service between Manila and “The Big Apple” from a Philippine carrier.  
GMA News Online / Money / Economy

PAL now flies nonstop direct to New York

Flag carrier Philippine Airlines is now flying nonstop direct to New York City, the first such service between Manila and “The Big Apple” from a Philippine carrier.  

PSEi slides near two-year low on Wall Street sell-off

Share prices on the Philippine Stock Exchange slipped for the third straight session on Tuesday, weakened by a sell-off overnight on Wall Street and concerns about the global, pushing the PSEi to near two-year lows.  
GMA News Online / Money / Economy

PSEi slides near two-year low on Wall Street sell-off

Share prices on the Philippine Stock Exchange slipped for the third straight session on Tuesday, weakened by a sell-off overnight on Wall Street and concerns about the global, pushing the PSEi to near two-year lows.  

DMCI Holdings net income in Jan.-Sept. down 2%

DMCI Holdings Inc. on Tuesday reported a 2-percent drop in its net income in the first nine months of the year, dragged by weak contributions from its coal energy business.
GMA News Online / Money / Economy

DMCI Holdings net income in Jan.-Sept. down 2%

DMCI Holdings Inc. on Tuesday reported a 2-percent drop in its net income in the first nine months of the year, dragged by weak contributions from its coal energy business.

APO Cement concerned over unclear gov't plans in Naga landslide

APO Cement Corp.  has raised concerns over the «continuing absence of clarity» in the government's plans on the suspension of quarrying operations in Naga City, Cebu following a landslide in the area.
GMA News Online / Money / Economy

APO Cement concerned over unclear gov't plans in Naga landslide

APO Cement Corp.  has raised concerns over the «continuing absence of clarity» in the government's plans on the suspension of quarrying operations in Naga City, Cebu following a landslide in the area.

Bicam approves bill on lifetime cellphone number

The joint panel of the Senate and House of Representatives approved Tuesday the bill seeking to allow consumers to keep their cellphone numbers for life, even if they changed service providers or subscription plans.
GMA News Online / Money / Economy

Bicam approves bill on lifetime cellphone number

The joint panel of the Senate and House of Representatives approved Tuesday the bill seeking to allow consumers to keep their cellphone numbers for life, even if they changed service providers or subscription plans.

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.

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