Alcohol warning regulations hit struggling restaurants hard: here’s what you need to know
For decades, alcohol sales have provided restaurants with high-margin income, often accounting for up to 30% of total revenue in fine dining.Unlike perishable food items, alcohol offers a longer shelf life and lower labor costs, making it a financial
Apple Pay down: users report Apple Cash issues disrupting payments across platforms
Apple Pay users faced a frustrating disruption on Wednesday afternoon as the payment service, particularly Apple Cash, experienced widespread outages.Reports of the issue began surfacing around 1 p.m. EST, leaving many users scrambling to find alternative payment methods.The
Biden set to tighten Nvidia AI chip exports to maintain US AI dominance
The Biden administration is preparing a final round of export restrictions on advanced artificial intelligence (AI) chips, marking a last-minute effort to limit China and Russia’s access to cutting-edge technologies, as per a Bloomberg report.The proposed measures aim to consolidate
Asian stocks wobbly on Thursday: Nikkei down 1%, Hang Seng flat
Asian stock markets traded mostly lower on Thursday, taking mixed cues from Wall Street amid persistent uncertainty over interest rates.The sentiment was influenced by US jobs data, which provided a mixed picture of the labour market, and Federal Reserve
LTFRB holds dialogue with 19 ride-hailing platforms, ensures compliance with special passenger discounts
LTFRB Chairman Atty. Teofilo Guadiz IIIThe Land Transportation Franchising and Regulatory Board (LTFRB) on Wednesday convened a dialogue with 19 Transport Network Vehicle Service (TNVS) platforms operating in the country as part of efforts to ensure compliance with fare discount
Jobless rate drops to 5-month low
Job seekers attend a job fair at SMX Convention Center in Pasay City, Sept. 19, 2024. — PHILIPPINE STAR/EDD GUMBANBy Chloe Mari A. Hufana, ReporterTHE UNEMPLOYMENT RATE in November dropped to its lowest in five months as businesses ramped up
Inflation could ease to around 2% this year
VEGETABLES are on sale at a market in Tandang Sora, Quezon City, Jan. 2, 2025. — PHILIPPINE STAR/MIGUEL DE GUZMANBy Luisa Maria Jacinta C. Jocson, ReporterHEADLINE INFLATION could fall to around the 2% range this year amid easing price pressures,
LRT-1 operator seeks to increase train fares
Commuters are seen at the Light Rail Transit (LRT) Line 1 station in this file photo taken on Aug. 2, 2023. — PHILIPPINE STAR/EDD GUMBANBy Ashley Erika O. Jose, ReporterCOMMUTERS using the Light Rail Transit Line 1 (LRT-1) are facing
PHL most insulated to Trump tariffs among ASEAN — HSBC
US PRESIDENT-ELECT Donald J. Trump is set to assume office on Jan. 20, 2025. — REUTERS By Luisa Maria Jacinta C. Jocson, Reporter THE PHILIPPINES is the most insulated from US President-elect Donald J. Trump’s planned restrictive policies among Association
ABS-CBN shares jump 27.47% on franchise bill filing
“AT THIS POINT, trading is mostly speculative as there is a lot of uncertainty around the fate of the proposed measure” — China Bank Capital Corp. Managing Director Juan Paolo E. Colet. — BW FILE PHOTOSHARES of listed ABS-CBN Corp.