Business

A pedestrian walks past an electronic board displaying the Nikkei 225 index and share prices on the Tokyo Stock Exchange in Tokyo on November 4, 2020, as Asian markets react to early predictions following the US presidential election. (Behrouz MEHRI / AFP)  HONG KONG, China — Markets were mixed in …

May be fastest growth in Southeast Asia but still lower than the pre-Covid average of 6.6 percent. Banking giant UBS AG has raised its 2024 to 2025 gross domestic product (GDP) growth forecasts for the Philippines to 5.7 percent and six percent from 5.3 percent and 5.8 percent, respectively, following …

Aboitiz Power Corp., one of the country’s largest generation companies, is supporting a “phasedown” instead of a “phaseout” approach for coal-fired power projects as part of the government’s energy transition program, an executive said over the weekend. AboitizPower Thermal Business Group president and chief operating officer Celso Caballero III underscored …

A vendor arranges meat up for sale at Paco Public Market in Manila on February 1, 2024. (STAR / Edd Gumban)  MANILA, Philippines — The British Chamber of Commerce Philippines (BCCP) expressed concerns on the agriculture department’s plan to temporarily suspend the minimum access volume (MAV) on corn and pork. …

At a Glance: Finance Secretary Ralph Recto suggests adjustment of economic growth targets due to lower-than-expected expansion last year Recto emphasizes need for more realistic GDP targets set by the Development Budget Coordination Committee (DBCC) Discussion underway to establish more realistic targets for the future DBCC met on Feb. 5 …

For the first time, Mike Holmes has spoken publicly about a lawsuit that alleges houses in a “Holmes Approved Homes” housing development in Meaford, Ont. were built with defects, saying his company had no access to the houses during construction and was unable to help spot potential problems. Celebrity contractor …

Bank loans and money supply continued to grow in December 2023, despite higher interest rates, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).  Outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the BSP, grew 7 percent year-on-year in December, unchanged …

Uber Eats will apparently remove a scene from its Super Bowl ad that depicts a man having an allergic reaction to peanut butter, following backlash from some consumers and food allergy advocates.  Food delivery company cutting scene that poked fun at peanut allergies. Uber Eats will apparently remove a scene …

Toronto Maple Leafs captain John Tavares is taking the Canada Revenue Agency to court over an $8 million tax bill in a case experts say could be pivotal for some pro athletes, perhaps affecting with which teams they sign.  Is a signing bonus part of a player’s salary? John Tavares …

SM Investments Corporation’s (SMIC) transportation and logistics unit 2GO Group Inc. has signed an agreement with National University (NU) to provide maritime experiential on-the-job training for its tourism and hospitality students. In a statement, 2Go said this strategic alliance aims to equip students with the practical work experience essential for …