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  • Inflation quickens for 7th straight month

    August 7, 2018 1:17 AM 8

    MANILA -- Inflation quickened for the seventh straight month in July, holding at its highest level in 5 years, as the government sought to temper rising consumer prices. The consumer price index rose 5.7 percent, higher than the median 5.5 percent based on a Reuters poll of economists. Inflation was at 5.2 percent in June. President Rodrigo Duterte last month

  • Easy as Pie: Google reveals name of Android 9

    August 7, 2018 1:12 AM 8

    MANILA -- Google said Tuesday the ninth version of its Android operating system, which runs on 2 billion devices, will be called Pie. Artificial intelligence is the headline feature of Android 9 Pie, wherein the system adapts battery allocation and screen brightness based on how the device is used, Google said. It also predicts what users would want do with a certain

  • Planong pag-alis sa quota ng inaangkat na bigas, tinututulan

    August 6, 2018 1:12 PM 6

    Mariing tinututulan ng ilang grupo ang panukalang pagpataw ng taripa at pag-aalis sa limitasyon ng mga inaangkat na bigas. Ayon sa grupong Anakpawis, hindi anila totoo na mababawasan ang presyo ng bigas sa merkado kung maisasabatas ito. "Hindi naman talaga bababa, dahil nga mayroong cartel," ani Anakpawis Rep. Ariel Casilao. Maaari rin anilang magdulot

  • SM Prime income up 16 pct in 1H on new mall openings

    August 6, 2018 8:01 AM 5

    MANILA - SM Prime Holdings said Monday January to June net income rose 16 percent to P16.6 billion, on the back of new malls and residential projects. SM Prime opened new malls in Cavite, Pangasinan and Pampanga in the first half. It will also open a new mall in Albay and another in Leyte later this year. It currently operates 77 malls, 70 in the Philippines

  • Private hospitals warn TRAIN 2 will jack up medical bills

    August 6, 2018 7:38 AM 7

    The Private Hospitals Association of the Philippines also says cutting corporate tax incentives would lead to the closure of some hospitals MANILA, Philippines – Private hospitals expressed concern over the second tranche of the Tax Reform for Acceleration and Inclusion (TRAIN) law, even warning that some hospitals could close because of the proposal

  • Consumer group, farmers' party-list question rice tariffication bill

    August 6, 2018 7:30 AM 5

    MANILA - Lifting the import quotas on rice in favor of tariffs will not bring down prices of the staple, a consumer group and farmers party-list congressman said on Monday. Economic managers have said that removing quantitative restrictions on rice imports would increase local supply, give the public access to cheaper rice from abroad, and force local

  • How retailers are shifting to digital

    August 6, 2018 4:39 AM 6

    MANILA -- Retailers are revisiting their their strategies as consumers shift to digital services and electronic payments, businessmen said Monday. Picture City focused on its photo printing services when smartphones eclisped its digital camera business, its president, Paul Santos, told ANC. "We had a number of years difficulty, we had to downsize and rethink

  • Bangko Sentral warns borrowers, lenders against 'Sangla ATM' scheme

    August 3, 2018 10:34 AM 6

    MANILA - The Bangko Sentral ng Pilipinas (BSP) on Friday warned the public against the "sangla ATM" scheme that uses ATM cards as loan collateral. In an advisory, the BSP said this practice exposes borrowers to identity theft, unauthorized withdrawals and the use of personal data in fraudulent or criminal activities. "This [Sangla ATM or pawn ATM scheme]

  • Apple hits historic $1-trillion stock market valuation

    August 2, 2018 4:27 PM 9

    SAN FRANCISCO—Apple Inc. became the first $1-trillion publicly listed US company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications. The tech company's stock jumped 2.8 percent to as high as $207.05, bringing

  • Cebu Pacific warns passengers on airport traffic due to Ironman triathlon

    August 2, 2018 8:35 AM 7

    MANILA - Cebu Pacific on Thursday urged passengers flying to and from Cebu this weekend to allot additional time for traffic jams due to a triathlon event. Some roads will be closed on August 4 to 6 for the Ironman 70.3, Iron Girl and Iron Kids triathlons that will be held in Mactan, Cebu, the airline said in an advisory. "We urge passengers to plan their