Philippines



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.

Pakistan reports card-skimming, but says no mass bank data breach

Pakistan's central bank rushed on Tuesday to reassure investors and consumers that its banking system had not been hacked after a mass skimming operation hit customers' credit and debit cards.
GMA News Online / Money / Economy

Pakistan reports card-skimming, but says no mass bank data breach

Pakistan's central bank rushed on Tuesday to reassure investors and consumers that its banking system had not been hacked after a mass skimming operation hit customers' credit and debit cards.

Wall Street gains as investors look to US elections

Wall Street's major indexes closed higher on Tuesday as voters headed to the polls in US midterm congressional elections and investors hoped the result would provide some relief for stocks after prolonged uncertainty.
GMA News Online / Money / Economy

Wall Street gains as investors look to US elections

Wall Street's major indexes closed higher on Tuesday as voters headed to the polls in US midterm congressional elections and investors hoped the result would provide some relief for stocks after prolonged uncertainty.

Wall Street to open slightly lower as US elections kick off

US stocks were on track to open slightly lower on Tuesday, as investors awaited the outcome of US midterm elections that could shape the future of Donald Trump's presidency and test his tax and trade policies.
GMA News Online / Money / Economy

Wall Street to open slightly lower as US elections kick off

US stocks were on track to open slightly lower on Tuesday, as investors awaited the outcome of US midterm elections that could shape the future of Donald Trump's presidency and test his tax and trade policies.

Petron posts P12-B net income in Jan.-Sept. 2018

Petron Corp. said Tuesday it posted a net income of P12.1 billion in the first nine months of 2018 despite the industry-wide decline in fuel demand on the back of high pump prices.
GMA News Online / Money / Economy

Petron posts P12-B net income in Jan.-Sept. 2018

Petron Corp. said Tuesday it posted a net income of P12.1 billion in the first nine months of 2018 despite the industry-wide decline in fuel demand on the back of high pump prices.

DOLE takes in JobStreet.com as partner in tech-voc jobs site

The Department of Labor and Employment has signed a memorandum of understanding with Jobstreet.com covering a job site that caters to applicants seeking technical-vocational job opportunities.
GMA News Online / Money / Economy

DOLE takes in JobStreet.com as partner in tech-voc jobs site

The Department of Labor and Employment has signed a memorandum of understanding with Jobstreet.com covering a job site that caters to applicants seeking technical-vocational job opportunities.

Number of farmers declining in PHL

Data from the Philippine Statistics Authority shows that the number of rice farmers in the country went down from 2.6 million in 2010 to 2.2 million in 2015, Tina Panganiban-Perez said in her report on Balitanghali.
GMA News Online / Money / Economy

Number of farmers declining in PHL

Data from the Philippine Statistics Authority shows that the number of rice farmers in the country went down from 2.6 million in 2010 to 2.2 million in 2015, Tina Panganiban-Perez said in her report on Balitanghali.

Peso gets a lift from October’s inflation data

The Philippine peso appreciated against the US dollar for the third consecutive trading day on Tuesday, as the inflation rate October likely signaled a slowdown.
GMA News Online / Money / Economy

Peso gets a lift from October’s inflation data

The Philippine peso appreciated against the US dollar for the third consecutive trading day on Tuesday, as the inflation rate October likely signaled a slowdown.

Wall Street boosted by energy, defensive sectors, tech falls

The S&P 500 and the Dow Jones Industrial Average rose on Monday, as oil prices lifted energy stocks and defensive sectors such as utilities and real estate were in demand as investors were cautious about Iran sanctions and US congressional elections.
GMA News Online / Money / Economy

Wall Street boosted by energy, defensive sectors, tech falls

The S&P 500 and the Dow Jones Industrial Average rose on Monday, as oil prices lifted energy stocks and defensive sectors such as utilities and real estate were in demand as investors were cautious about Iran sanctions and US congressional elections.

Saudi Arabia to build first nuclear research reactor

Saudi Crown Prince Mohammed bin Salman on Monday laid the foundation stone for the kingdom's first nuclear research reactor, state media said, as the kingdom seeks to diversify its energy mix.
GMA News Online / Money / Economy

Saudi Arabia to build first nuclear research reactor

Saudi Crown Prince Mohammed bin Salman on Monday laid the foundation stone for the kingdom's first nuclear research reactor, state media said, as the kingdom seeks to diversify its energy mix.

LTFRB vows to review fee of new jeepney fare matrix

Land Transportation Franchising and Regulatory Board chairman Martin Delgra III on Tuesday vowed to review the P610 fee being collected for the fare matrix needed by jeepney drivers to impose the new P10 fare.
GMA News Online / Money / Economy

LTFRB vows to review fee of new jeepney fare matrix

Land Transportation Franchising and Regulatory Board chairman Martin Delgra III on Tuesday vowed to review the P610 fee being collected for the fare matrix needed by jeepney drivers to impose the new P10 fare.

ECOP hits P25 minimum wage hike in NCR, calls for more subsidies instead

The Employers Confederation of the Philippines on Monday said instead of the P25 minimum wage hike in the National Capital Region, more subsidies should be given to workers to help them cope with inflation.
GMA News Online / Money / Economy

ECOP hits P25 minimum wage hike in NCR, calls for more subsidies instead

The Employers Confederation of the Philippines on Monday said instead of the P25 minimum wage hike in the National Capital Region, more subsidies should be given to workers to help them cope with inflation.

COA: Makati overtakes QC as PHL's richest city

Makati City has earned the distinction of being the country's new richest metropolis, replacing Quezon City, after more than quadrupling its total assets in 2017, the Commission on Audit (COA) said in its report.
GMA News Online / Money / Economy

COA: Makati overtakes QC as PHL's richest city

Makati City has earned the distinction of being the country's new richest metropolis, replacing Quezon City, after more than quadrupling its total assets in 2017, the Commission on Audit (COA) said in its report.

P25 minimum wage hike approved for NCR workers

The government has approved the P25 hike in the daily salary of minimum wage workers in the National Capital Region (NCR), Carlo Mateo reported on Dobol B sa News TV on Monday.
GMA News Online / Money / Economy

P25 minimum wage hike approved for NCR workers

The government has approved the P25 hike in the daily salary of minimum wage workers in the National Capital Region (NCR), Carlo Mateo reported on Dobol B sa News TV on Monday.

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