Business | ABS-CBN News

PH to host Forbes Asia Forum, CEO meet in 2024: Palace

Job Manahan, ABS-CBN News
Jun 02 01:22 PM

The Philippines will host the Forbes Asia Forum and the Forbes Global CEO Conference in late 2024 as the country aims to attract more investors, Malacañang said Read more »

System vs unwarranted import surge created as PH joins RCEP

Jessica Fenol, ABS-CBN News
Jun 02 11:54 AM

The DTI has developed a mechanism to protect local producers in cases of 'unwarranted import surge' as the country begins its membership in the RCEP. Read more »

Krungsri, MUFG to acquire Home Credit Philippines

ABS-CBN News
Jun 02 10:48 AM | Updated Jun 02 11:32 AM

Home Credit Philippines or HC Consumer Finance Philippines Inc said on Friday it was acquired by Thailand's Bank of Ayudhya PCL or Krungsri and Japan's Mitsubishi UFJ Financial Group for P24.4 billion. Read more »

DTI to ensure protection of local producers as RCEP takes effect: stakeholder

ABS-CBN News
Jun 02 10:19 AM

The Department of Trade and Industry as well as lawmakers have put in place safeguards to ensure that the country's membership in the Regional Comprehensive Economic Partnership (RCEP), which takes effect on June 2, will not be detrimental to local producers, a stakeholder said. Read more »

Marcos Jr. certifies proposed Internet Transaction Act as urgent

RG Cruz, ABS-CBN News
Jun 02 09:38 AM

President Ferdinand Marcos Jr has certified as urgent the proposed “Internet Transactions Act," according to a letter to lawmakers released on Friday. Read more »

Meta unveils new VR headset as Apple eyes market

Agence France-Presse
Jun 02 09:03 AM

Meta ramped up its Quest virtual reality headgear line, just days before Apple is expected to put its spin on the headset market. Read more »

Philippine shares close lower at 6,430

ABS-CBN News
Jun 01 10:53 PM

Philippine shares kicked off June in negative territory, despite the regional upswing caused by the passage of a bill to raise America’s debt ceiling. Read more »

First Gen unit, Prime Infra eye deal on gas facility

ABS-CBN News
Jun 01 07:52 PM | Updated Jun 01 08:49 PM

A unit of First Gen Corp and Prime Infrastructure Capital are looking to forge a deal on the use of a liquefied natural gas facility in Batangas City. Read more »

Mga Pinoy na gumagamit ng cashless payment dumarami: pag-aaral

ABS-CBN News
Jun 01 07:19 PM

Dumarami na ang mga Pinoy na hindi nagdadala ng cash sa bulsa at gumagamit ng cashless o digital payment, base sa isang pag-aaral. Read more »

PH eyes 500 pct increase in milk output in 5 years: agency

Jervis Manahan, ABS-CBN News
Jun 01 06:45 PM | Updated Jun 02 10:05 AM

During World Milk Day, NDA administrator Gabriel Lagamayo said at present, local production serves only 1 percent of the national dairy requirement. Read more »

Indonesian billionaire donates over P41-M to PH gov't

Job Manahan, ABS-CBN News
Jun 01 04:45 PM | Updated Jun 01 04:59 PM

Dato’ Sri Tahir "handed over" SGD1 million or P41.6 million, Press Secretary Cheloy Garafil said. Read more »

Alokasyon ng tubig mula Angat, babawasan sa Hunyo 16

ABS-CBN News
Jun 01 04:39 PM | Updated Jun 01 08:23 PM

Babawasan ng National Water Resources Board ang laan na tubig ng Maynilad at Manila Water mula Angat Dam simula Hunyo 16 bilang paghahanda sa El Niño phenomenon. Read more »

Elon Musk reclaims rank as world richest in Bloomberg index

Jessica Fenol, ABS-CBN News
Jun 01 02:39 PM

SpaceX and Tesla founder Elon Musk is once again the world's richest person according to the Bloomberg Billionaires Index as of June 1. Read more »

Fruitas acquires startup, expands cloud kitchen venture

ABS-CBN News
Jun 01 02:20 PM | Updated Jun 02 08:39 AM

Fruitas Holdings Inc said on Thursday it acquired the 3-year old Fly Kitchen Inc to expand its cloud kitchen business. Read more »

Geomapping of agri lands eyed to boost yields

Job Manahan, ABS-CBN News
Jun 01 02:01 PM

President Ferdinand Marcos Jr. said geomapping is widely used by agencies to resolve titling issues and increase farmers' income. Read more »

US debt vote passage boosts Asian markets, Fed now in view

Agence France-Presse
Jun 01 11:09 AM

Asian markets mostly rose Thursday after the US House passed a bill to avoid a painful default. Read more »

Bangko Sentral, TESDA, BDO Foundation to develop free financial literacy course

ABS-CBN News
Jun 01 10:47 AM

The BSP said it signed an agreement with the TESDA and BDO Foundation for the development of free online courses on personal finance. Read more »

Salt industry development bill to boost sector: stakeholder

ABS-CBN News
Jun 01 10:29 AM

The proposed Philippine Salt Industry Development Act is a step towards boosting the country's local salt industry, a stakeholder said on Thursday. Read more »

Japan's JBIC eyes energy tie-ups with PH firms: Palace

ABS-CBN News
Jun 01 10:15 AM

The Japan Bank for International Cooperation eyes partnerships with local firms for energy development, Malacanang said. Read more »

Metro Pacific defers shareholders' vote on voluntary delisting

ABS-CBN News
Jun 01 09:21 AM

Metro Pacific said it accepted the bidders request to defer the shareholder vote of approval for the voluntary delisting of the company. Read more »

Maharlika to support Marcos admin's economic goals: DOF

ABS-CBN News
Jun 01 09:19 AM

The Maharlika Investment Fund approved by the Congress will boost the national coffers and support economic goals, Finance Sec. Diokno said. Read more »

Senior Fed official suggests skipping rate hike next month

Agence France-Presse
Jun 01 08:36 AM

A senior Federal Reserve official said that pausing interest-rate hikes would give the Fed time to weigh additional economic data. Read more »

IMF calls for carbon pricing to aide energy transition

Agence France-Presse
Jun 01 08:26 AM

Carbon pricing will be needed to help finance the global transition to renewable energy, the International Monetary Fund's second-most senior official said, warning against escalating the use of "green" subsidies. Read more »

Philippine shares close lower at 6,477

ABS-CBN News
May 31 10:59 PM

Philippine shares ended the month of May lower by over 2 percent. Read more »

Congress approves final version of Maharlika Investment Fund bill

ABS-CBN News
May 31 10:54 PM

Philippine lawmakers swiftly approved on Wednesday a controversial bill to create a national investment fund. Read more »