Photo Credit: Reuters TOKYO — Toyota’s global production tumbled in June, down for a fifth straight month with the automaker hit hard by a certification scandal in its home market and a fierce price war in China. Output worldwide for Japan’s biggest automaker slid 12.9 percent to 795,862 vehicles, the …
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Markets mixed in cautious trade ahead of central bank decisions
People walk in front of an electronic board showing a share price of the Nikkei index of the Tokyo Stock Exchange in Tokyo on April 5, 2024. (AFP / Kazuhiro Nogi) HONG KONG, China — Equity markets were mixed Tuesday as investors jockey ahead of a slew of central bank …
Read More »19 economic zones proposed in Senate
The First Philippine Industrial Park in Batangas is one of the largest and fastest-growing ecozones in the country. (STAR / File) MANILA, Philippines — There are a total of 19 proposed economic zones in the Senate, according to Sen. Juan Miguel Zubiri As the new chairperson for the committee on …
Read More »Indonesia’s Q2 FDI increases 16.6%
© Reuters. FILE PHOTO-A general view of the city skyline of Jakarta, the capital city of Indonesia, August 5, 2021. REUTERS/Ajeng Dinar Ulfiana/File Photo JAKARTA — Foreign direct investment into Indonesia rose 16.6 percent on a yearly basis in the second quarter to 217.3 trillion rupiah ($13.35 billion), the investment …
Read More »B.C. Tree Fruits co-operative shutting down after 88 years
After operating in the B.C.’s Okanagan Valley for nearly nine decades, B.C. Tree Fruits announced to growers on Friday that it is dissolving the co-operative and seeking court direction to liquidate its assets. Grower-owned co-operative cites low fruit volumes, weather impacts and difficult financial conditions. After operating in the Okanagan …
Read More »Asian markets extend Wall St rally after US data and ahead of Fed
Pedestrians walk past an electronic quotation board displaying the numbers of share prices on the Tokyo Stock Exchange in Tokyo on July 25, 2024. (AFP / Kazuhiro Nogi) HONG KONG, China — Asian markets rallied Monday, tracking a surge on Wall Street after data showing US inflation slowed further in …
Read More »Japanese firms in FPIP looking for 1,400 new workers
Over 1,400 new workers are needed by four Japanese companies with manufacturing facilities inside the First Philippine Industrial Park (FPIP) economic zone in the cities of Santo Tomas and Tanauan in Batangas. Prospective employees wait for their turn to fill up application forms during the recent “Sulong Buhay Job Fair” …
Read More »Walmart Canada raises hourly store wages for roughly 40,000 workers
Walmart Canada said on Thursday it invested $53 million to increase hourly wages for about 40,000 of its store associates earlier this month. Retailer also increasing investments to retain employees in the U.S. Walmart Canada said on Thursday it invested $53 million to increase hourly wages for about 40,000 of …
Read More »Company halts construction of $2.7B battery project in eastern Ontario
After breaking ground in 2023, the company building a plant to produce battery components for electric vehicles in a municipality near Kingston, Ont., says it’s delaying construction of the plant citing a slowdown in EV sales. In a statement to CBC News, Umicore Rechargeable Battery Materials Inc. said Friday that …
Read More »Postmedia enters agreement to buy SaltWire chain of newspapers
Postmedia has entered an agreement to purchase SaltWire, Atlantic Canada’s largest newspaper chain, according to a news release issued Friday. SaltWire would remain committed to local journalism, Postmedia says. Postmedia has entered an agreement to purchase SaltWire, Atlantic Canada’s largest newspaper chain, according to a news release issued Friday. SaltWire …
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