Mass layoffs and closure of establishments are merely threats in order for companies to get away with providing additional salary for their employees, the Associated Labor Unions-Trade Union Congress of the Philippines said on Sunday.

The pressure is on for Amazon, Alphabet and Microsoft as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street's rally.

A transport group on Saturday said the government should not take back its plan to suspend fuel excise taxes next year and its fare hike approval just because of this week's «big-time» oil price rollback.

Motorists will be greeted with another round of fuel price reductions as oil firms successively announced big-time rollbacks in the pump prices of their petroleum products effective Sunday and Monday.  

US Federal Reserve officials are monitoring the case of missing Saudi journalist Jamal Khashoggi and the possibility that any sanctions against Saudi Arabia could disrupt oil markets, Atlanta Fed President Raphael Bostic said on Friday.

Labor group Associated Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP) said Saturday it is planning to revise its P320 wage hike petition to reflect the 6.2-percent inflation rate in the third quarter of the year.

More than 50 European and Asian leaders backed free trade and the fight against climate change on Friday in a veiled swipe at US President Donald Trump and his increasingly protectionist approach.

The US benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter & Gamble Co were offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic growth.

Clients of the Bank of the Philippines Islands have temporarily experienced difficulties in transacting through the bank's automated teller machines and point of sale terminals late Friday due to system maintenance.

Phoenix Petroleum said it would reduce its fuel prices “in order for motorists to avail of lower pump prices starting this weekend.”

Disputes over US tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signaling an escalation in global trade tensions.

US stocks rose broadly on Friday, driven by the consumer staples sector which was helped by Procter & Gamble results, brushing aside growth risk concerns in Europe and political tensions in Saudi Arabia.

United Filipino Consumers and Commuters president RJ Javellana is not convinced by the supposed efforts of the Metropolitan Waterworks and Sewerage System in examining the water rate increase of Maynilad Water Services Inc.  

The Supreme Court has been urged to compel the government to promulgate rules on vessel monitoring measures covering commercial fishing vessels with gross tonnage of 3.1 to 30.

The country’s balance of payments position returned to a deficit in September after posting a surplus in August, data released by the Bangko Sentral ng Pilipinas on Friday showed.  

BEIJING -- China’s economic growth cooled to its weakest pace since the global financial crisis in the third quarter, raising pressure on Beijing to step up policy support as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.  

US stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, further denting investors' appetite for risk amid global trade tensions and rising interest rates.

SHANGHAI -- Stocks in Asia fell on Friday as global sentiment soured on issues ranging from trade worries, Italy's 2019 budget, higher US interest rates and growth concerns in China that led to a slump in Chinese shares in the previous session.

Inflation or the rate of increase in the prices of goods and services clocked in at 6.2 percent during the third quarter of 2018, the Bangko Sentral ng Pilipinas said Friday.

West Zone concessionaire Maynilad's P0.09 per cubic meter water rate hike scheduled to take effect this month is likely to be postponed.

The Department of Agriculture (DA) has announced that the rice variety that would be available in the market would be limited to only five types.  

US stocks fell on Thursday as weak earnings reports from industrials raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve's minutes.

Last-minute buying propped up Philippine share prices on Thursday after trading mostly in the red tracking Wall Street’s weak performance on the hawkish stance of the US Federal Reserve on interest rates.

After trading on a relatively strong note for four consecutive sessions, the Philippine peso retreated on Thursday--depressed by the hawkish stance of the US Federal Reserve  on interest rates.  

The oil exploration deal in East Palawan Basin inked between the Philippines and Israel-based firm Ratio Petroleum Ltd. on Wednesday is constitutional, Presidential spokesperson Salvador Panelo said Thursday.

US stocks fell on Wednesday, a day after Wall Street's strongest rally in seven months, as investors were disappointed with IBM's results and remained cautious ahead of the minutes of Federal Reserve's latest meeting.

Minimum wage earners in Northern Mindanao will be granted an increase by November, according to a report on Unang Balita.  

Wall Street's major indexes edged lower after a choppy session on Wednesday after the Federal Reserve showed broad agreement on the need to raise borrowing costs further, cementing investor concerns that had helped cause a major sell-off the week before.

The Department of Budget and Management (DBM) is looking at trimming the spending allocations on travels and motor vehicles of government agencies in light of foregone revenues from the suspension of fuel excise tax increase next year.  

Washington, United States -- Despite progress in reducing extreme poverty, nearly half the world’s population lives on less than $5.50 a day, with a rising share of the poor in wealthier economies, the World Bank said Wednesday.  

Budget Secretary Benjamin Diokno on Wednesday said consumers should not buy Christmas food items too early as this behavior creates inflationary pressure.  

Out of 140 countries, the Philippines landed 56th place in World Economic Forum's Global Competitiveness Index 4.0 for 2018.

Asian equities got some much needed relief on Wednesday after upbeat US earnings reports drove a rebound on Wall Street and helped restore a little confidence in emerging market stocks and currencies.

Bangko Sentral ng Pilipinas Governor Nestor Espenilla, Jr. on Wednesday announced the extension of his medical leave, as the central bank chief focuses on his health.

Global foreign direct investment (FDI) fell by 41 percent to $470 billion in the first six months of this year, the lowest since 2005, preliminary figures from the United Nations trade and development agency UNCTAD showed on Monday.