Philippines



Rich Asians crazy about securing wealth spark family office boom in HK, Singapore

Rich Chinese and other Asians are increasingly seeking more control of their wealth, driving a rapid rise in the number of so-called family offices, or private investment vehicles, being set up in Hong Kong and Singapore.
GMA News Online / Money / Economy

Rich Asians crazy about securing wealth spark family office boom in HK, Singapore

Rich Chinese and other Asians are increasingly seeking more control of their wealth, driving a rapid rise in the number of so-called family offices, or private investment vehicles, being set up in Hong Kong and Singapore.

Sterling hits 2-week peak on smooth Brexit hopes; Asian shares wobble

Sterling jumped to a two-week high on Monday on hopes Britain was inching closer to a smooth Brexit while Asian stocks started the week gingerly amid worries about tense Sino-US trade relations.
GMA News Online / Money / Economy

Sterling hits 2-week peak on smooth Brexit hopes; Asian shares wobble

Sterling jumped to a two-week high on Monday on hopes Britain was inching closer to a smooth Brexit while Asian stocks started the week gingerly amid worries about tense Sino-US trade relations.

LTFRB reminds jeepney drivers to secure new fare matrix

The Land Transportation Franchising and Regulatory Board (LTFRB) on Monday reminded jeepney drivers to obtain a copy of the new fare matrix so they can legally charge passengers with the minimum fare of P10.  
GMA News Online / Money / Economy

LTFRB reminds jeepney drivers to secure new fare matrix

The Land Transportation Franchising and Regulatory Board (LTFRB) on Monday reminded jeepney drivers to obtain a copy of the new fare matrix so they can legally charge passengers with the minimum fare of P10.  

Oil market on alert as Iran sanctions hit

US sanctions against importers of Iranian oil threaten the crude oil market's precarious balance and risk surging prices, all under Saudi Arabia's watchful gaze, according to experts.
GMA News Online / Money / Economy

Oil market on alert as Iran sanctions hit

US sanctions against importers of Iranian oil threaten the crude oil market's precarious balance and risk surging prices, all under Saudi Arabia's watchful gaze, according to experts.

Trade war, spy claims cloud horizon for China airshow

Trade frictions with the United States and accusations of industrial espionage are set to cast a cloud over China's largest aerospace meeting this week, as suppliers consider what the country's slowing economy could mean for booming jet demand.
GMA News Online / Money / Economy

Trade war, spy claims cloud horizon for China airshow

Trade frictions with the United States and accusations of industrial espionage are set to cast a cloud over China's largest aerospace meeting this week, as suppliers consider what the country's slowing economy could mean for booming jet demand.

Consumer group warns of ‘complacency’ due to drop in prices of petroleum products

A consumer group leader said on Sunday that Budget Secretary Benjamin Diokno should not be complacent just because the price of petroleum products dropped.
GMA News Online / Money / Economy

Consumer group warns of ‘complacency’ due to drop in prices of petroleum products

A consumer group leader said on Sunday that Budget Secretary Benjamin Diokno should not be complacent just because the price of petroleum products dropped.

Meralco sets power interruptions in several areas from November 5 to 11, 2018

Select Meralco customers can expect power interruptions this week, as the company is set to conduct maintenance works in several areas.
GMA News Online / Money / Economy

Meralco sets power interruptions in several areas from November 5 to 11, 2018

Select Meralco customers can expect power interruptions this week, as the company is set to conduct maintenance works in several areas.

Letter by business leaders to call for vote on Brexit terms - report

More than 50 senior business leaders have signed a letter to be published in The Sunday Times newspaper that will say there should be a new public vote on the final terms of Britain's exit from the European Union, Sky News reported on Saturday.
GMA News Online / Money / Economy

Letter by business leaders to call for vote on Brexit terms - report

More than 50 senior business leaders have signed a letter to be published in The Sunday Times newspaper that will say there should be a new public vote on the final terms of Britain's exit from the European Union, Sky News reported on Saturday.

Forget gridlock, Republican win may be better for stocks

US President Donald Trump has warned that his favorite measure of success, the stock market, is imperiled if voters favor Democrats in next week's congressional elections.
GMA News Online / Money / Economy

Forget gridlock, Republican win may be better for stocks

US President Donald Trump has warned that his favorite measure of success, the stock market, is imperiled if voters favor Democrats in next week's congressional elections.

Another fuel price rollback seen next week --Unioil

Motorists can expect another round of reduction in the pump pries of petroleum products next week, independent oil player Unioil said on Saturday.
GMA News Online / Money / Economy

Another fuel price rollback seen next week --Unioil

Motorists can expect another round of reduction in the pump pries of petroleum products next week, independent oil player Unioil said on Saturday.

DICT to name 'provisional' 3rd telco player on Nov. 7

The Department of Information and Communications Technology said on Saturday a «provisional» third telco player player who will challenge the so-called duopoly of Globe and PLDT will be named on November 7--the deadline for the submission of bids
GMA News Online / Money / Economy

DICT to name 'provisional' 3rd telco player on Nov. 7

The Department of Information and Communications Technology said on Saturday a «provisional» third telco player player who will challenge the so-called duopoly of Globe and PLDT will be named on November 7--the deadline for the submission of bids for aspirants.

Phoenix Petroleum to rollback fuel prices on Sunday, Nov. 4

Independent oil player Phoenix Petroleum Philippines Inc. announced Saturday it will rollback the prices of its fuel products effective Sunday.
GMA News Online / Money / Economy

Phoenix Petroleum to rollback fuel prices on Sunday, Nov. 4

Independent oil player Phoenix Petroleum Philippines Inc. announced Saturday it will rollback the prices of its fuel products effective Sunday.

LTFRB yet to receive fare matrix applications in NCR, Region 4

As the recently approved fare increase for public utility jeepneys takes effect on Friday, the Land Transportation Franchising and Regulatory Board (LTFRB) said its offices have yet to receive applications to avail of the new fare rate from Metro Manila and R
GMA News Online / Money / Economy

LTFRB yet to receive fare matrix applications in NCR, Region 4

As the recently approved fare increase for public utility jeepneys takes effect on Friday, the Land Transportation Franchising and Regulatory Board (LTFRB) said its offices have yet to receive applications to avail of the new fare rate from Metro Manila and Region 4.  

Expect ‘brand new’ MRT3 after Japan-funded rehab, says DOTr exec

Commuters can expect better services and facilities once the Japanese loan-funded rehabilitation of the glitch-plagued Metro Rail Transit Line 3 is finished, a top official of the Department of Transportation (DOTr) said Friday.  
GMA News Online / Money / Economy

Expect ‘brand new’ MRT3 after Japan-funded rehab, says DOTr exec

Commuters can expect better services and facilities once the Japanese loan-funded rehabilitation of the glitch-plagued Metro Rail Transit Line 3 is finished, a top official of the Department of Transportation (DOTr) said Friday.  

Apple gives cautious sales forecast amid weakness in emerging markets

Apple Inc on Thursday warned that sales for the crucial holiday quarter would likely miss Wall Street expectations, which Chief Executive Tim Cook blamed on weakness in emerging markets, foreign exchange costs and uncertainty whether the iPhone maker can kee
GMA News Online / Money / Economy

Apple gives cautious sales forecast amid weakness in emerging markets

Apple Inc on Thursday warned that sales for the crucial holiday quarter would likely miss Wall Street expectations, which Chief Executive Tim Cook blamed on weakness in emerging markets, foreign exchange costs and uncertainty whether the iPhone maker can keep up with demand for new products.

PHL says ranking in World Bank Ease of Doing Business report inaccurate, demands correction

The Philippines wants the World Bank to make an immediate correction on its Ease of Doing Business (EODB) 2019 report because of its «inaccurate and understated» assessment of the country, which could impact on investments.
GMA News Online / Money / Economy

PHL says ranking in World Bank Ease of Doing Business report inaccurate, demands correction

The Philippines wants the World Bank to make an immediate correction on its Ease of Doing Business (EODB) 2019 report because of its «inaccurate and understated» assessment of the country, which could impact on investments.

Wall Street gains ground after selloff, but tech falters as Apple slips

US stocks rose on Thursday, as robust earnings reports supported a third day of recovery from a bruising selloff in October, but a drop in Apple's shares ahead of results kept technology stocks under pressure.
GMA News Online / Money / Economy

Wall Street gains ground after selloff, but tech falters as Apple slips

US stocks rose on Thursday, as robust earnings reports supported a third day of recovery from a bruising selloff in October, but a drop in Apple's shares ahead of results kept technology stocks under pressure.

Shell profits gush on higher oil prices

London, United Kingdom -- Royal Dutch Shell said Thursday that net profit jumped 43 percent in the third quarter, energized like its competitors by rising oil and gas prices.
GMA News Online / Money / Economy

Shell profits gush on higher oil prices

London, United Kingdom -- Royal Dutch Shell said Thursday that net profit jumped 43 percent in the third quarter, energized like its competitors by rising oil and gas prices.

TRABAHO bill ensures better incentives for well-performing investors --DOF

The Department of Finance on Thursday said that better incentives await well-performing foreign investors if the second package of the comprehensive tax reform program is enacted.
GMA News Online / Money / Economy

TRABAHO bill ensures better incentives for well-performing investors --DOF

The Department of Finance on Thursday said that better incentives await well-performing foreign investors if the second package of the comprehensive tax reform program is enacted.

50,000 jeeps not allowed to charge P10 fare sans matrix --group

Some 50,000 jeepney drivers are still not yet allowed to start charging their passengers with the new P10 minimum fare this week.
GMA News Online / Money / Economy

50,000 jeeps not allowed to charge P10 fare sans matrix --group

Some 50,000 jeepney drivers are still not yet allowed to start charging their passengers with the new P10 minimum fare this week.

Apple unveils new Macs, iPad Pro

Apple has unveiled a new version of its MacBook Air laptop, this time made of recycled aluminum, as well as a new Mac Mini and an iPad Pro, all pricier than their predecessors.
GMA News Online / Money / Economy

Apple unveils new Macs, iPad Pro

Apple has unveiled a new version of its MacBook Air laptop, this time made of recycled aluminum, as well as a new Mac Mini and an iPad Pro, all pricier than their predecessors.

Wall Street gets lift from strong earnings at end of rough month

The S&P 500 and the Nasdaq were on track to post their first two-day gain this month on Wednesday, as Facebook led a slew of encouraging earnings reports that boosted sentiment at the end of a tumultuous October for global markets.
GMA News Online / Money / Economy

Wall Street gets lift from strong earnings at end of rough month

The S&P 500 and the Nasdaq were on track to post their first two-day gain this month on Wednesday, as Facebook led a slew of encouraging earnings reports that boosted sentiment at the end of a tumultuous October for global markets.

Petron to roll back LPG prices Thursday

In an advisory, Petron said it will roll back Gasul and Fiesta Fas prices by P7.50 per kilogram, equivalent to a decrease of P82.50 for a standard 11-kilogram Gasul tank.
GMA News Online / Money / Economy

Petron to roll back LPG prices Thursday

In an advisory, Petron said it will roll back Gasul and Fiesta Fas prices by P7.50 per kilogram, equivalent to a decrease of P82.50 for a standard 11-kilogram Gasul tank.

Foreign buying, window dressing give PHL shares a lift

Share prices on the Philippine Stock Exchange rebounded on Wednesday as fund managers went on end-of-month window dressing and foreign funds took new positions in the market.
GMA News Online / Money / Economy

Foreign buying, window dressing give PHL shares a lift

Share prices on the Philippine Stock Exchange rebounded on Wednesday as fund managers went on end-of-month window dressing and foreign funds took new positions in the market.

DBM releases P662.5M to DSWD for Rosita relief operations

The Department of Budget and Management  has released over P662 million to replenish the Department of Social Welfare and Development’s  quick response fund  for Typhoon Rosita (international name: Yutu).  
GMA News Online / Money / Economy

DBM releases P662.5M to DSWD for Rosita relief operations

The Department of Budget and Management  has released over P662 million to replenish the Department of Social Welfare and Development’s  quick response fund  for Typhoon Rosita (international name: Yutu).  

Money in circulation up 9.7% in September --BSP

Domestic liquidity  expanded in September, albeit at a slower pace than the previous month, data released by the Bangko Sentral ng Pilipinas on Wednesday showed.  
GMA News Online / Money / Economy

Money in circulation up 9.7% in September --BSP

Domestic liquidity  expanded in September, albeit at a slower pace than the previous month, data released by the Bangko Sentral ng Pilipinas on Wednesday showed.  

PHL, Japan to sign P18-B loan deal for MRT3 rehab on Nov. 7

The governments of the Philippines and Japan are signing a multibillion-peso loan agreement for the rehabilitation and maintenance of Metro Rail Transit Line 3, the Department of Transportation said Wednesday.  
GMA News Online / Money / Economy

PHL, Japan to sign P18-B loan deal for MRT3 rehab on Nov. 7

The governments of the Philippines and Japan are signing a multibillion-peso loan agreement for the rehabilitation and maintenance of Metro Rail Transit Line 3, the Department of Transportation said Wednesday.  

US stocks ride higher on trade optimism

US stocks rose on Tuesday, helped by a rebound in technology stocks after a volatile few sessions on Wall Street, amid optimism over the US-China trade dispute and some upbeat earnings reports.
GMA News Online / Money / Economy

US stocks ride higher on trade optimism

US stocks rose on Tuesday, helped by a rebound in technology stocks after a volatile few sessions on Wall Street, amid optimism over the US-China trade dispute and some upbeat earnings reports.

Customs stakeholders worry over disrupted ops, port congestion

The Chamber of Customs Brokers Incorporated expressed Tuesday its worry over the possibility that operations would be disrupted or delayed at the Bureau of Customs after President Rodrigo Duterte ordered the military to oversee the government agency.
GMA News Online / Money / Economy

Customs stakeholders worry over disrupted ops, port congestion

The Chamber of Customs Brokers Incorporated expressed Tuesday its worry over the possibility that operations would be disrupted or delayed at the Bureau of Customs after President Rodrigo Duterte ordered the military to oversee the government agency.

US restricts exports to Chinese semiconductor firm

The US Commerce Department on Monday said it has restricted US exports to Chinese semiconductor maker Fujian Jinhua Integrated Circuit Co Ltd, citing a «significant risk» that its new memory chip capacity will threaten the viability of American su
GMA News Online / Money / Economy

US restricts exports to Chinese semiconductor firm

The US Commerce Department on Monday said it has restricted US exports to Chinese semiconductor maker Fujian Jinhua Integrated Circuit Co Ltd, citing a «significant risk» that its new memory chip capacity will threaten the viability of American suppliers of chips for military systems.

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