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July 03, 2022 - Sunday
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Davao City, Philippines

Business

Automakers reports lower Q2 US sales as supply chain woes persist

General Motors, Toyota and other automakers suffered a hit to US sales in the latest quarter as supply chain woes continued to crimp inventories, according to results released Friday.   GM sold 582,401 autos in the three months ending June 30, a drop of 15 percent from the same period a year ago.   The Detro ...

AFP | 8 hours ago

Business

Google to delete user location history on US abortion clinic visits

Google announced Friday it would delete users' location history when they visit abortion clinics, domestic violence shelters and other places where privacy is sought.   "If our systems identify that someone has visited one of these places, we will delete these entries from Location History soon after they visit," ...

AFP | 9 hours ago

Business

US stocks end higher, shrugging off early weakness

Wall Street stocks shrugged off early weakness Friday to secure solid gains as markets try to pivot from a grim first half of 2022 dominated by inflation worries.   Equities spent much of the morning in the red, absorbing an industry survey showing slowing growth in the manufacturing sector.   But markets re ...

Photo from AFP

AFP | 9 hours ago

Business

Global stocks mixed as eurozone inflation hits record

Wall Street stocks shrugged off early weakness to begin the second half of 2022 on a solid note Friday, but record eurozone inflation underscored the potential for more turbulence ahead.   New York equities spent much of the morning in the red, absorbing an industry survey showing slowing growth in the manufacturing sector. ...

Photo from AFP

AFP | 10 hours ago

Business

Economic team urged to solve ‘real economy’ constraints

Albay Rep. Joey Salceda called on the administration’s economic team to focus on “solving constraints in the real economy” and to “shield the poor from largely external factors of inflation” amid calls for faster interest rate hikes by the Bangko Sentral ng Pilipinas (BSP) to address fears of spiraling inflation. ...

Photo from Joey Salceda FB

GDM | 11 hours ago

Business

Companies raise P62B through the stock market in H1

The Philippine Stock Exchange, Inc. (PSE) had eight initial public offerings (IPO) in the first six months of 2022, the same number of IPOs for the entire of 2021. Five of the eight companies that conducted IPOs were listed on the Main Board, while three joined the Small, Medium, and Emerging Board, the PSE said in a statement. ...

GDM | 1 day ago

Business

Globe willing to partner with DICT for government digitalization

THE Marcos government's plan of streamlining government service through digitalization got the backing of a major telecom player. The telco giant said that, like how they transformed beyond telco in recent years, they are ready to partner with the government with its top-of-the-line products and services to boost digitalization in ...

Catherine Cueto | 1 day ago

Business

PAL, FASAP sign collective bargaining deal

Philippine Airlines Management and the Flight Attendants and Stewards Association of the Philippines (FASAP) recently signed a collective bargaining agreement after completing negotiations.  PAL President and Chief Operating Officer Capt led the signing of the CBA. Stanley Ng and FASAP President Bob Anduiza, the airline, said in a ...

PAL

GDM | 1 day ago

Business

BSP tells supervised institutions beef up measures vs cyber attacks

The Bangko Sentral ng Pilipinas has urged the BSP-supervised financial institutions (BSFIs) to adopt robust control measures against cyber fraud and attacks on retail electronic payments and financial services as more people shift to digital transactions. Under BSP Memorandum No. 2022-015, BSFIs are enjoined to regularly conduct risk a ...

GDM | 2 days ago

Business

Unionbank, SSS ink partnership for new UMID card

State-run pension fund Social Security System (SSS) and Unionbank signed a memorandum of agreement that will upgrade the present Unified Multi-Purpose Identification (UMID) Pay Card. In a statement, the bank said that the upgrading of the UMID card will start at the fourth quarter of this year. Unionbank said that the new car ...

Catherine Cueto | 2 days ago