Home / Business

Business

PSE: Fallout from R&L Investments fiasco could reach billions

[embedded content] The Philippine Stock Exchange asserts the large scale theft that rocked the local market last week is not systemic. The PSE also admits there could be other brokerage firms involved in the incident. – Business Nightly, ANC, November ...

Read More »

John Gokongwei Jr., Bong Tan pumanaw na

[embedded content] Dalawang malalaki at tinitingalang negosyante ang magkasunod na pumanaw — ang business magnate at pilantropo na si John Gokongwei Jr., sa edad na 93, at si Lucio “Bong” Tan Jr., na anak ng tycoon na si Lucio Tan. ...

Read More »

PH shares join regional downswing amid lingering US-China trade worries

[embedded content] Philippine shares slid alongside most Asian markets as hopes for a speedy resolution to the US-China trade front wane. This week’s earnings results could be the catalyst the local market needs to push forward. – Business Nightly, ANC, ...

Read More »

Asus ROG Phone II Review: The closest to ‘god mode’ in mobile gaming

Asus bids to dominate the nascent gaming phone market with the ROG Phone II . Art Fuentes, ABS-CBN News MANILA – Asus has set its sights squarely on the mobile gaming market, and the ROG Phone II is proof of ...

Read More »

China still world’s biggest rice importer: Agri Dept

Farmers harvest palay or unhusked rice in a field in Cabanatuan, Nueva Ecija. Some local groups complained that farmgate prices of palay dropped significantly after the rice tariffication law was implemeneted. Sept. 13, 2019. Jonathan Cellona, ABS-CBN News MANILA – ...

Read More »

Alibaba says 11-11 sales hit $13 billion in first hour

An employee works at an Alibaba Tmall logistics centre in Suzhou, Jiangsu province, China, October 28, 2015. Aly Song, Reuters/file SHANGHAI – Chinese e-commerce giant Alibaba Group Holding Inc said on Monday that sales for its annual Singles’ Day shopping ...

Read More »

Filipino tycoons pass on, signal changing of the guard

MANILA — Some of the tycoons who built the Philippines’ largest businesses have passed on, leaving their heirs in charge of their respective enterprises.  Here is a list of taipans who passed on in the last 2 years: The founder ...

Read More »

Billionaire Lucio Tan’s namesake son dies

Lucio “Bong” K. Tan Jr. speaks at a press briefing. The son of billionaire Lucio Tan died on Nov. 11, 2019 after collapsing during a basketball game 2 days before. ABS-CBN News/file MANILA — Billionaire Lucio Tan’s son and namesake ...

Read More »

LOOK: Tugade, other transport officials test Toyota’s new modern PUV

MANILA — No less than Transportation Secretary Arthur Tugade led the test run of Toyota’s new public utility vehicle (PUV). The Department of Transportation posted photos of the prototype of Toyota’s Hilux Class 1 Modern PUV, manufactured under the PUV ...

Read More »

China’s hottest investment: overpriced sneakers

People queue outside a Nike’s Air Jordan store before the new Air Jordan 1 sneakers go on sale in Yichang, Hubei province, China Aug. 31, 2019. Reuters Stringer SHANGHAI — Forget stocks, real estate, even cryptocurrencies — China’s hottest investment ...

Read More »