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No network services in parts of Quezon City for SONA 2018

Jul 23, 2018 - 1:31 PM

National Telecommunications Commission Deputy Commissioner Edgardo Cabarios says the affected areas are the Batasan Complex and Barangay Culiat

DOF runs after officials in P11-billion tax credit scam

Jul 22, 2018 - 4:56 PM

Finance Secretary Carlos Dominguez III forms a high-level task force to recover the P11 billion worth of undue tax credits

Moody's: Federalism, 'contentious' policies worry investors

Jul 21, 2018 - 2:18 PM

Moody's Investors Service says the country's 'relatively weak rule of law' and the possible shift to federalism could drag down the economy

DICT Secretary Rio prevails, 3rd telco player auction 'off the table'

Jul 20, 2018 - 8:45 PM

Selecting the country's third telco player will be based on the quality of coverage, internet speed and investment, otherwise known as the highest committed level of service (HCLoS) model

Competition body eyes early review of PPP projects

Jul 20, 2018 - 5:29 PM

The Philippine Competition Commission will work with the Public-Private Partnership Center to flag anti-competitive schemes at the early stages of a bidding process

AGREEMENT. Public-Private Partnership Executive Director Ferdinand Pecson and Philippine Competition Commission Chairman Arsenio Balisacan sign a memorandum of agreement to work together on July 20, 2018. PCC Photo

New antitrust body under proposed constitution 'good for competition'

Jul 20, 2018 - 3:34 PM

Philippine Competition Commission Chairman Arsenio Balisacan says the Consultative Committee's proposed constitution creates a Federal Competition Commission, a constitutional body that has 'more teeth' than the PCC

SUPPORT. Philippine Competition Commission Chairman Arsenio Balisacan supports federalism. PCC Photo

COA slams DOF over unused funds, unauthorized honoraria

Jul 20, 2018 - 2:49 PM

The Commission on Audit (COA) recommends that the Department of Finance come up with a 'more realistic budget proposal'

Strong political will? Experts hit 'very slow' rollout of transportation projects

Jul 20, 2018 - 11:32 AM

'Transport infrastructure should be delivered as soon as possible especially now with the Build, Build, Build. But is the government ready and equipped to deliver all these plans?' asks UP Professor Dayo Montalbo as the Duterte administration marks its third year in office

The Philippine economy's health under Duterte

Jul 20, 2018 - 10:21 AM

President Rodrigo Duterte spits curses and blasphemes, yet the economy remains rosy. The question is, how much noise can businesses take?

Microsoft profit climbs in Q2 2018 as cloud grows

Jul 20, 2018 - 10:14 AM

'Our early investments in the intelligent cloud and intelligent edge are paying off,' says CEO Satya Nadella

MICROSOFT. File photo by Vesa Moilanen/AFP


Philippines hits 3.7 million foreign tourists mid-2018

Jul 19, 2018 - 6:45 PM

Foreign tourist arrivals increase by 10.4%, compared to the 3.3 million recorded for the January-June period last year

TOURIST ARRIVALS. Foreign tourists pass health declaration checklist in NAIA. File photo by Jedwin Llobrera/Rappler

Hits and misses of Duterte’s infrastructure push

Jul 19, 2018 - 8:00 AM

The National Economic and Development Authority has identified 75 flagship projects under the government’s Build, Build Build program. Only 7 have started construction in 2018.

PAGCOR lenient to offshore operators, but stringent in govt remittance

Jul 18, 2018 - 6:29 PM

PAGCOR’s tolerance of offshore gaming operators who do not pay on time contrasts with how strict it is in limiting the amount it remits for the country’s sports programs and other national projects

INCOME SHARE. PAGCOR remits income share to the national government and Philippine Sports Commission based only on its income from gaming operations, contrary to the position of the Commission on Audit. File photo by Jay Directo/AFP

Rising microchip-maker demand boosts ASML profits

Jul 18, 2018 - 4:53 PM

'Our second quarter sales were above expectations including higher than forecasted EUV sales,' says chief executive Peter Wennink, referring to the company's cutting-edge extreme ultraviolet light lithography machines

An employee walks past an ASML logo, a Dutch company which is currently the largest supplier in the world of semiconductor manufacturing machines via photolithography systems in Veldhoven on April 17, 2018. File photo by Emmanuel Dunand/AFP

Shake Shack opening in the Philippines

Jul 18, 2018 - 9:59 AM

But you'll have to wait a bit – it opens in 2019 yet

HELLO, PHILIPPINES. The popular burger chain is coming to our shores. Photo from the Shake Shack Facebook page

Shakey's Pizza opens first store in Dubai

Jul 17, 2018 - 10:30 PM

The pizza chain seeks to expand in the Middle East, 'where it is leveraging on the large population of Filipinos' for future growth

Federalism will ‘wreak havoc’ on Philippine economy – Pernia

Jul 17, 2018 - 3:43 PM

'[The] momentum of infrastructure improvement in the regions is going to be disrupted,' Socioeconomic Planning Secretary Ernesto Pernia says

Elon Musk’s ‘pedo’ attack rattles Tesla investors: ‘This thing is unraveling’

Jul 17, 2018 - 11:50 AM

Musk's Tesla has never earned an annual profit. His tweets, the latest of which involves pedophile accusations against a key figure in the rescue of the Thai boys trapped in a cave, are proving to be a big distraction

TWEET TROUBLES. The rescue saga involving young Thai footballers trapped in a cave may be over, but a controversial 'pedo' tweet by Elon Musk, in reference to one of the rescuers, has caused some trouble for him and his company. Photo by Hector Guerrero/AFP


Netflix shares dive as subscriber growth misses mark

Jul 17, 2018 - 5:17 AM

Membership in the quarter grows 5.2 million to a total of 130 million, matching the same period last year but a million shy of what Netflix forecast, according to a letter that came with the earnings figures

Philippine economy to sustain growth momentum – First Metro

Jul 16, 2018 - 9:25 PM

First Metro Investment Corporation president Rabboni Francis Arjonillo says the country's gross domestic product may meet or even surpass the government's target of 7% in 2018

Regulator unveils plan to monitor cryptocurrency threat

Jul 16, 2018 - 9:17 PM

While the Financial Stability Board believes crypto-assets do not yet pose a material risk to global financial stability, it urges major economies to scrutinize cryptocurrencies due to a lack of solid data on their use

OFW remittances rise in May 2018

Jul 16, 2018 - 7:35 PM

Overseas Filipino workers have sent $13.2 billion year-to-date, according to the Bangko Sentral ng Pilipinas

An overseas Filipina worker lines up at a remittance center in Lucky Plaza. A lot of overseas Filipino workers send money to the families they support back home. According to the 2014 Survey on Overseas Filipinos released by the Philippine Statistics Authority, 173.2 billion pesos was the total remittance sent by OFWs from April to September 2014.

CA upholds PAL's early retirement of female flight attendants

Jul 16, 2018 - 6:51 PM

A 20-page decision from Associate Justice Jhosep Lopez reverses the decision of the Makati regional trial court that says that an earlier retirement age for the female flight attendants is discriminatory

Federalism might lead to hyperinflation – economists

Jul 16, 2018 - 6:35 PM

(UPDATED) Economists from the University of Asia and the Pacific warn that sky-high inflation may happen to the Philippines should it shift to federalism

As trade war rages, Trump flags fly out of China factory

Jul 16, 2018 - 11:14 AM

President Trump rails against Chinese imports, pushes for 'buy American', and launches the trade confrontation to punish China for what he considers predatory trade policies. But his anger does not appear to extend to flags.

MADE IN CHINA. This photo taken on July 13, 2018 shows Chinese employees sewing US flags at a factory in Fuyang in China's eastern Anhui province. AFP Photo

AirAsia now flies from Clark to Taipei

Jul 14, 2018 - 9:00 AM

The Taipei route from Clark is scheduled Tuesdays, Thursdays, and Saturdays

INTERNATIONAL. AirAsia now flies thrice a week to Taipei, Taiwan from Clark International Airport. File photo by KD Suarez/Rappler

Bangko Sentral ng Pilipinas takes on fake news

Jul 13, 2018 - 5:57 PM

The Bangko Sentral ng Pilipinas reminds the public that they have the authority to run after individuals spreading manipulated images of Philippine banknotes

Bicycle riders join delivery app Foodpanda's fleet

Jul 13, 2018 - 4:21 PM

The on-demand food delivery app says it has introduced over 100 bike riders to its fleet, which also currently employs about 1,000 motorcycle riders

Global PC market grows for 1st time in 6 years – survey

Jul 13, 2018 - 11:09 AM

China's Lenovo and US-based HP are in the top spot, each with a 21.9% share, followed by Dell with 16.8% and Apple with 7.1%

GROWTH TRAJECTORY. PC sales rise by 2.7% year-on-year, beating the industry expectation of 0.3%. File photo by Gelo Gonzales/Rappler


Kylie Jenner, 20, on cusp of billionaire status – Forbes

Jul 12, 2018 - 10:29 AM

Forbes says Kylie Cosmetics has already sold more than $630 million worth of makeup

52.8 million Filipinos don't have bank accounts

Jul 12, 2018 - 7:08 AM

They say they don’t have enough money for that, according to a Bangko Sentral ng Pilipinas survey

PH among worst in ease of doing business, education – report

Jul 11, 2018 - 7:13 PM

The Philippines remains in the 73rd spot in the 2018 Global Innovation Index, but several indicators reveal problems in business, education, and political climate

Lopsided contract? COA pressures DOTr to justify P65 billion LRT-1 deal

Jul 11, 2018 - 6:41 PM

The Commission on Audit demands the documents from the Light Rail Transit Authority (LRTA), which passes the buck to the Department of Transportation (DOTr)

LRT1. Department of Transportation Secretary Arthur Tugade leada the groundbreaking ceremony of the LRT1 Cavite Extension on May 4, 2017. File photo by Chrisee Dela Paz/Rappler

COA flags procurement lapses in LRT-1 Cavite extension housing segment

Jul 11, 2018 - 3:37 PM

The P397-million housing project for informal settlers who will be affected by the LRT-1 Cavite Extension project was awarded without first conducting a feasibility study, says the Commission on Audit

CAVITE EXTENSION. The LRT-1 Cavite Extension project is a P64.9 billion deal for private firm Light Rail Manila Corporation. Photo from the PPP Center

Trade war ramps up as U.S. threatens $200B in Chinese goods

Jul 11, 2018 - 1:04 PM

(UPDATED) Reacting to the 'totally unacceptable' Washington list, the commerce ministry in Beijing says it will be forced to take 'countermeasures'

TRADE WAR. In this file photo, US Trade Representative Robert Lighthizer speaks during the 11th Ministerial Conference of the World Trade Organization (WTO) plenary session in Buenos Aires, Argentina, on December 11, 2017. File photo by Eitan Abramovich/AFP

#AskTheTaxWhiz: Oplan Kandado for non-compliant taxpayers

Jul 11, 2018 - 11:00 AM

The Philippine Tax Whiz discusses the grounds for suspension and closure of businesses due to non-compliance with tax regulations

Foreign direct investments dip by 3.2% in April 2018

Jul 11, 2018 - 8:12 AM

Despite the year-on-year dip, the central bank is optimistic due to 'favorable investor sentiment'

How China's e-vehicle demand boosts Philippines' nickel industry

Jul 10, 2018 - 5:00 PM

The Philippines, currently the world's 2nd top exporter of nickel, sees the shift toward electronic vehicles as an opportunity to grow

Philippines' trade deficit widens by 47.6% in May 2018

Jul 10, 2018 - 2:15 PM

The Philippine Statistics Authority says the country's imports further increased by 11.4%, while exports slumped by 3.8%

TRADE GAP. The Philippine Statistics Authority (PSA) reports a wider trade gap in May 2018. AFP photo

[OPINION] Why inflation is actually at a 9-year high

Jul 10, 2018 - 9:23 AM

The BSP expects inflation to settle in at 4.6% this year, above its 4% upper target. This means we can expect inflation to further increase till the third quarter of 2018 before it subsides.

Sanofi shuts down factory over toxic waste outcry

Jul 10, 2018 - 8:10 AM

France Nature Environment, a federation of some 3,500 environmental associations, says the Mourenx site has been emitting 'dangerous material at astronomical levels'

HALT IN PRODUCTION. French pharmaceuticals group Sanofi shut down a chemical factory in southwest France, in the wake of media reports that toxic waste emissions exceeded the norms. File photo of Mourenx site from Sanofi's official website

Starbucks to phase out plastic straws by 2020

Jul 10, 2018 - 7:40 AM

The plastic straws will be replaced by recyclable lids that have a small raised opening allowing consumers to sip their drink

Nissan admits falsifying emissions data on cars made in Japan

Jul 09, 2018 - 5:03 PM

(UPDATED) The company did not say how many cars are affected by the falsifications, which were uncovered during voluntary tests of all parts of Nissan's operations conducted in the wake of last year's scandal

NISSAN. This file photo taken on May 11, 2017 shows a man walking in front of the logo of Japan's Nissan Motor Corporation at its global headquarters in Yokohama, Kanagawa prefecture. File photo by Kazuhiro Nogi/AFP

Shares in China's Xiaomi fall on Hong Kong debut

Jul 09, 2018 - 10:38 AM

Known for their budget phones, the Chinese tech giant stumbles as it debuts in Hong Kong's stock market

COMEBACK. A Xiaomi phone on display in the Philippines where it relaunched in March 2018. Photo by Kyle Chua/Rappler


What Duterte's economic team did not say during the pre-SONA 2018 forum

Jul 06, 2018 - 10:02 PM

The dip in Philippine competitiveness ranking, missing the 2017 labor target, and slow implementation of infrastructure projects are left out during the 'Tatak ng Pagbabago: Tatak ng Pag-unlad' forum

THE ECONOMY'S HEALTH. Public Works and Highways Secretary Mark Villar (left), Finance Secretary Carlos Dominguez III (middle), and Socioeconomic Planning Secretary Ernesto Pernia (right) reported the various efforts of their respective agencies during the pre-state of the nation (SONA) forum. Pernia's photo by Albert Alcain/Presidential Photo, Dominguez' photo by Toto Lozano/Presidential Photo, Villar's photo by Malacañang Photos

Trump unleashes trade war with tariffs on China

Jul 06, 2018 - 1:15 PM

(UPDATED) Economists have warned that the tit-for-tat measures could throttle global growth and strike at the heart of the world trade system, causing shockwaves across the planet

Who's to blame for soaring inflation? 'All of them' in gov't, says economist

Jul 05, 2018 - 9:50 PM

UP professor Emmanuel de Dios likens the Philippines' economic managers to the suspects in Agatha Christie's 'Murder on the Orient Express' – they're all 'guilty'

Grab drivers income drop 10% after 'illegal' charge suspension

Jul 05, 2018 - 8:30 PM

The P2-per-minute travel charge suspension cause the 5% to 10% driver income drop, says Grab Philippines head Brian Cu

LOWER INCOME. Grab Philippines head Brian Cu says drivers are now getting lower income. Photo by Loreben Tuquero/Rappler

Ortigas & Company to spend P26B on Capitol Commons

Jul 05, 2018 - 2:20 PM

The property developer is expanding Estancia mall and constructing condominiums at Capitol Commons in Pasig City

Trade Wars: Trump loads decisive volley against China

Jul 05, 2018 - 2:16 PM

(UPDATED) Beijing has vowed to retaliate dollar-for-dollar, 'immediately' imposing counter-tariffs on American exports