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DPWH eyes NLEX Harbor Link Segment 10 completion in 2018

Aug 16, 2018 - 7:00 PM

Right-of-way acquisition for the elevated expressway already stands at 95%

INSPECTION. DPWH Secretary Mark Villar inspects the NLEX Harbor Link Segment 10 in Caloocan City on August 16, 2018. NLEX photo

Agriculture department allows galunggong imports

Aug 16, 2018 - 9:35 AM

The Department of Agriculture allows the importation of galunggong or round scad as the closed fishing season nears

STAPLE. Many Filipino families prefer round scad or galunggong because it is cheaper than other varieties. Shutterstock photo


Villar pushes for P10-billion rice farmers' subsidy

Aug 15, 2018 - 6:30 PM

Senator Cynthia Villar says she won't agree to rice tariffication if farmers would not get subsidies

SUBSIDIES. Senator Cynthia Villar vows to block rice tariffication without subsidies for farmers. Photo by Ralf Rivas


Banco Filipino loses Supreme Court bid for P25-B financial aid

Aug 15, 2018 - 2:40 PM

Problems continue for the embattled bank as it loses its petition for a P25-billion government loan

A private security guard stands in front of a Philippine thrift bank, Banco Filipino building in the financial district of Manila on March 16, 2011, after the bank closed March 15 due to heavy withdrawals. The Philippine central bank in a statement on March 16, have asked the management of Banco Filipino to explain the "bank's status to its clients". AFP PHOTO/TED ALJIBE / AFP PHOTO / TED ALJIBE

Tesla board forms committee to consider going private

Aug 14, 2018 - 9:46 PM

By going private, Tesla could operate without requirements for financial reports and other pressures of a publicly traded firm. But it could also lose visibility and limit its ability to raise capital.

TESLA'S FUTURE. Elon Musk hopes the Model 3 will propel the California manufacturer into the mass market. Photos from Elon Musk and Tesla Motor's Twitter profiles.

Ayala-Aboitiz consortium bids for national ID system

Aug 14, 2018 - 4:40 PM

Ayala Corporation, AC Infrastructure, Aboitiz InfraCapital, and Unisys Philippines aim to design and develop the infrastructure for the national ID system


Dumaguete airport runway closed after PAL plane blows tire

Aug 14, 2018 - 10:55 AM

All 113 adults, 2 infants, and 6 flight crew aboard the Philippine Airlines plane are safe

Photo from the Civil Aviation Authority of the Philippines

Saudis in talks to take Tesla private – Elon Musk

Aug 13, 2018 - 11:12 PM

(UPDATED) The revelation comes days after Musk's claim in an August 7 Twitter post that financing for a deal to take Tesla private had been 'secured'

ELON MUSK. Tesla Motors CEO Elon Musk speaks at a press conference during the 67th International Astronautical Congress in Guadalajara, Mexico on September 27, 2016. File photo by Hector Guerrero/AFP

Bangko Sentral hikes interest rates again over high inflation

Aug 09, 2018 - 4:05 PM

(3rd UPDATE) The Bangko Sentral ng Pilipinas raises interest rates by 50 basis points

LOOK: DICT draft rules on selection of 3rd telco player

Aug 09, 2018 - 11:36 AM

The Department of Information and Communications Technology releases the draft guidelines ahead of the public hearing on its proposed selection process on August 23

LOOK: Proposed road network projects in Bulacan

Aug 08, 2018 - 7:56 PM

The proposed road network projects in Bulacan are seen to help boost the economy of Central Luzon

PROJECTS. NLEX and DPWH expands their road network plans. Image from NLEX

Right-of-way issues may delay MRT7 completion

Aug 08, 2018 - 7:00 PM

Transportation officials are appealing the 800% raise in zonal valuation of the 33-hectare lot intended for the Metro Rail Transit Line 7 depot

CONSTRUCTION. The Metro Rail Transit Line 7, currently being constructed, might be further delayed in completion due to issues. Photo by Darren Langit/Rappler

Canceled Japan flights due to Typhoon Shanshan

Aug 08, 2018 - 2:35 PM

Typhoon Shanshan is heading for Japan, prompting the cancellation of certain flights on Wednesday, August 8, and Thursday, August 9

New York mayor signs into law new crackdown on Airbnb

Aug 07, 2018 - 2:02 PM

The US financial capital is the latest in a long line of cities to put Airbnb in its crosshairs amidst a global backlash against 'sharing economy' startups disrupting traditional industries.

Rice imports fail to tame inflation in July 2018

Aug 07, 2018 - 1:30 PM

(UPDATED) The Philippine Statistics Authority says rice inflation rose to 5% in July. The average price of regular milled rice is over P41 per kilo.

RICE TARIFFS. Farmers and advocacy groups  say rice tariffication will not solve the country's rice problems. File photo by Maria Tan/Rappler

Private hospitals warn TRAIN 2 will jack up medical bills

Aug 06, 2018 - 5:15 PM

The Private Hospitals Association of the Philippines also says cutting corporate tax incentives would lead to the closure of some hospitals

BILLS. The Private Hospitals Association of the Philippines, Inc. warns patients will shell out more for healthcare if tax perks will be cut. Rappler file photo

How far can Venezuela go in raising price of world's cheapest gas?

Aug 05, 2018 - 3:50 PM

You can buy 3.5 million liters of gasoline for $1 in crisis-hit Venezuela

An employee and a customer pump fuel at a gas station in Caracas, on July 30, 2018. Venezuelan President Nicolas Maduro announced fuel price regulations for the cheapest gasoline in the world, through the use of the "Carnet de la Patria" -an electronic identity card aimed at organizing and regulating government social benefits- during a congress of the ruling party that, paradoxically, is debating to relax the rigid controls on the economy to overcome the crisis. / AFP PHOTO / Federico PARRA

BSP shuts down Batangas-based Tiaong Rural Bank

Aug 03, 2018 - 8:26 PM

Tiaong Rural Bank, Inc. is the 6th problmatic bank to be shut down this year

Where’s our Coca-Cola? Fast food chains still offer iced tea

Aug 03, 2018 - 2:32 PM

(UPDATED) Coca-Cola FEMSA clarifies, saying it is 'optimistic' it will stabilize the supply of Coke Original taste 'in the next few weeks'

Starbucks and Alibaba join forces as China coffee war brews

Aug 02, 2018 - 5:59 PM

Starbucks products ordered by mobile apps will be brought to customers by Ele.me, Alibaba's food-delivery unit

THE STARBUCKS-ALIBABA TEAM-UP. A customer walks out of a Starbucks coffee shop in Beijing on August 2, 2018.   Photo by Wang Zhao/AFP

Huawei tops Apple in tightening smartphone market – IDC

Aug 01, 2018 - 11:48 AM

In the second quarter of 2018, Huawei shipped 54.2 million phones worldwide, second only to Samsung's 71.5 million, and ahead of Apple's 41.3 million, IDC reports

NOVA 3. Huawei's flagship devices launched earlier in the year have seen some excellent reviews, owing to their distinctive design, and industry-leading cameras. The recently launched Nova 3 approximates the flagship P20 series, making high-end technologies more accessible in an increasingly competitive market. Photo from Huawei

Apple quarterly profit leaps in 'best June quarter ever'

Aug 01, 2018 - 6:52 AM

Apple reports that it sold 41.3 million iPhones in the recently ended quarter, just shy of the 42 million figure anticipated by analysts

HISTORICAL MONEY. Apple flirts with a history-making, trillion-dollar market value based on its share price. Photo by Josh Edelson/AFP


Tesla held talks with Germany, Netherlands over new factory – report

Jul 31, 2018 - 6:44 PM

Tesla continues to map out potential factories outside the U.S. following its deal with the Shanghai government in early July

MODEL S. A Tesla model S sits parked outside of a new Tesla showroom and service center in Red Hook, Brooklyn on July 5, 2016 in New York City. Photo by Spencer Platt/AFP


Apple inches closer to $1-T market value with earnings on the horizon

Jul 31, 2018 - 6:05 PM

A 7% rise in share price following the earnings report will make Apple the first trillion-dollar company

IPHONE. A customer touches the screen of an iPhone X at the Apple Store Union Square in San Francisco, California. Photo by Elijah Nouvelage/AFP


Nintendo first-quarter profits up 44% to $275 million on Switch sales

Jul 31, 2018 - 4:20 PM

'For Nintendo Switch, hardware sales in every region have been trending upwards since the video game expo, E3, was held in the US in June,' the company says in a statement

NINTENDO PROFITS UP. Kids enjoy playing tunes on a Toy-Con Piano as Nintendo of America hosts the ultimate family-fun battle where families compete in 'Donkey Kong Country: Tropical Freeze' at the Nintendo Gaming Lounge during San Diego Comic-Con at Marriott Marquis & Marina on July 22, 2018 in San Diego, California. Photo by Charley Gallay/Getty Images for Nintendo/AFP

U.S. tech stocks continue to slide on weak day for global equities

Jul 31, 2018 - 1:07 PM

Shares of Facebook, Netflix, Amazon and Google-parent Alphabet all continue to decline since Facebook signaled slower growth last week

TECH STOCKS. People are reflected in the window of the Nasdaq MarketSite in Times Square on July 30, 2018 in New York City. As technology stocks continued their slide on Monday, the Nasdaq Composite dropped 1.1 percent in afternoon trading with shares of Facebook, Netflix, Amazon and Google-parent Alphabet all declining. Photo by Spencer Platt/AFP


Samsung Electronics posts $9.9-B Q2 net profit, down 0.1%

Jul 31, 2018 - 11:40 AM

Slower global sales of premium smartphones this year are partly to blame for dip

GALAXY S9. The physical design of the S9 didn't change much from the S8. Screenshot from Rappler video


Thomson Reuters to rename financial and risk unit

Jul 30, 2018 - 3:12 PM

The F&R division will be called Refinitiv upon completion of the deal with Blackstone

Twitter dives in black week for social media

Jul 27, 2018 - 11:00 PM

The drop in users comes from 'prioritizing the health of the platform, and, to a lesser extent, GDPR,' Twitter says, referring to Europe's General Data Protection Regulations that limit how internet firms can handle user data

Grab: Micab's phantom booking allegations 'appear to have malicious intent'

Jul 27, 2018 - 8:55 PM

Grab says they will consider legal action if the allegations continue

BRIAN CU. Brian Cu of Grab Philippines country head together with his department heads during press conference in Quezon City. File photo by Darren Langit/Rappler

Amazon quarterly profit jumps 12-fold to $2.5B

Jul 27, 2018 - 6:43 AM

The e-commerce giant reports earnings that are in stark contrast to social media giant Facebook which saw massive stock market losses

AMAZON. An Amazon logo is seen inside the Amazon corporate headquarters on June 16, 2017 in Seattle, Washington. File photo by Ryder/AFP


Facebook, Ford, Mattel shares dive on Nasdaq after results

Jul 26, 2018 - 10:42 PM

Facebook falls nearly 20%, while Ford sinks 4.1% and Mattel sheds 4.4%

Qualcomm drops $43 billion bid for Dutch chip rival NXP

Jul 26, 2018 - 7:17 PM

'Qualcomm River Holdings has terminated its previously announced cash tender offer to acquire all of the outstanding shares of NXP,' the company says in a statement, referring to a wholly owned subsidiary of Qualcomm

PLDT denies defying DOLE order to regularize 7,300 workers

Jul 26, 2018 - 5:00 PM

'PLDT has not taken any act to 'frustrate or tend to frustrate' this Honorable Office’s regularization orders,' the telco giant says

REGULARIZE. Workers of PLDT Incorporated meet Labor Department Secretary Silvestre Bello III and Undersecretary Joel Maglunsod in a mandatory conference regarding the agency's compliance order to regularize its workers on July 11, 2018. Photo courtesy of Defend Job Philippines


Cavite-Tagaytay-Batangas Expressway up for NEDA panel approval

Jul 26, 2018 - 4:55 PM

If the proposed CTBEX is approved, the Department of Public Works and Highways says construction might start next year and be completed by 2022

PUBLIC WORKS. DPWH Secretary Mark Villar talks to reporters after the awarding of original proponent status to MPTC South for the Cavite-Tagaytay-Batangas Expressway. Photo by Aika Rey/Rappler

Facebook shares hammered as outlook clouded

Jul 26, 2018 - 6:51 AM

Controversies catch up to Facebook in Q2 2018, but CEO Mark Zuckerberg says that the dip in profitability is just a temporary effect of their big security investments

FB DOWN. This illustration picture taken on April 19, 2018 in Paris shows the tablet and smartphone app for Facebook. File photo by Lionel Bonaventure/AFP


Micab CEO claims Grab PH behind 'phantom bookings' on its platform

Jul 24, 2018 - 8:20 PM

Eddie Ybañez, Micab CEO, says the number of 'phantom bookings' has already reached 29,000 since June

Photo of Eddie Ybañez by Gelo Gonzales/Rappler

Google parent Alphabet sees record highs despite EU fine

Jul 24, 2018 - 2:26 PM

Revenues jump 26% from a year ago to $32.7 billion, surpassing analyst expectations

FINE RECOVERY. Google CEO Sundar Pichai says the company would take a 'constructive approach' to the EU ruling that slapped the search giant with a multibillion dollar fine. In this photo, Pichai appears at the their annual I/O conference held back in May 2018. File photo by Justin Sullivan/AFP


Interconnection rates will be lowered to welcome third telco – Duterte

Jul 23, 2018 - 8:48 PM

President Duterte says that by lowering interconnection rates, incoming players can have access to existing networks at a much lower cost

Duterte to rice cartels: Stop messing with me

Jul 23, 2018 - 7:00 PM

President Rodrigo Duterte directs all intelligence agencies to address the 'economic sabotage' caused by rice cartels

Cathay Pacific to offer nonstop Hong Kong-Seattle flights in 2019

Jul 23, 2018 - 4:35 PM

This new route will be offered 4 times a week beginning March 31, 2019

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

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

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

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

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

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