Business

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 …

The Competition Bureau says it’s investigating the use of property clauses, which limit how real estate can be used by competitors, in the Canadian grocery sector.  Watchdog says clauses make it harder for new supermarkets to open. The Competition Bureau says it’s investigating the use of restrictive real estate clauses …

Bell Media is ending multiple television newscasts and making other programming cuts after its parent company announced widespread layoffs and the sale of 45 of its 103 regional radio stations.  Thursday’s round of job cuts is BCE’s largest in nearly 30 years. Bell Media is ending multiple television newscasts and …

San Miguel Corporation (SMC) on Thursday said it is ready to modernize the Ninoy Aquino International Airport (NAIA) after it emerged as the highest bidder for the P171 billion contract to rehabilitate, operate and maintain the country’s main international gateway.  The SMC SAP Company Consortium, which is formed by San …

For the natural gas industry in Western Canada, it’s a return to low commodity prices after a few years of increased profits.  Mild winter has resulted in much less demand for heating fuel. Cheap natural gas prices are providing some welcome relief on utility bills as Canadians heat their homes …