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Business features the latest finance and economic stories from Manila and the rest of the world

OPEC, Russia and allies agree to increase oil production

The Organization of the Petroleum Exporting Countries (OPEC) and its Russia-led oil-producing allies agreed Sunday in Dubai, United Arab Emirates, to boost production by...

PH Post Office takes steps to deliver mails and parcels faster

The Philippine Post Office has removed notification cards as part of its “Hatid Malasakit” program to speed up delivery of mails and parcels to...

Walmart fined $125.15 million over dispute with former employee with Down syndrome

A Wisconsin jury ordered Walmart to pay $125.15 million on three claims of disability discrimination for one of its former employees, the Equal Employment...

Embargoes vs North Korea blamed for country’s problems

North Korea’s grain production reached a 10-year low in 2018 and international embargoes are to blame for ongoing problems, Pyongyang said in its first Voluntary...

Moody’s sees fintechs’ potential to overtake banks in retail

Moody's Investors Service said financial technology (fintech) startups in the Philippines have the potential to overtake banks in retail services.   “Fintech companies and a new breed of...

Toyota stops donations to US lawmakers who opposed Biden

Toyota is halting donations to American lawmakers who opposed certifying the election of US President Joe Biden earlier this year. The Japanese-based automaker – the...

Cacao farming na inorganisa ni Congresswoman Angeline “Helen” Tan, nagbigay dagdag kita sa mga...

Dagdag kita sa 1,200 indibiwal dahil sa pagtatanim ng "cacao" na pangunahing pananim sa sa patok na Tangerine dark chocolate, tablea at chocolate yema...

Pork imports surge on lowered tariffs

The Department of Finance (DoF) said the Bureau of Customs (BoC) has noticed a rise in pork imports as a result of a series...

Samsung scion goes to trial for getting illegal profonol injections

Samsung Electronics Vice Chairman Lee Jae-yong will undergo a formal trial on charges of receiving illegal injections for propofol, which decreases levels of consciousness...

US, Taiwan resume trade talks after 5-year lull

The United States and Taiwan resumed trade talks for the first time in five years, as the two sides cooperate more closely despite recent...