Business

The Colorado Department of Public Health and Environment says the fine concerning Suncor’s Commerce City refinery is for violations from July 2019 through June 2021.  State says it’s the largest air pollution enforcement package it has ever levied against a single facility. The state of Colorado is fining Suncor Energy …

Some foreign nationals will continue to be banned from buying Canadian housing, as the federal government extends the expiration of the program until 2027.  Ban was first put in place in 2022. The federal government is extending its ban on foreign home purchasing in Canada, Finance Minister Chrystia Freeland announced …

Manulife will cover specialty drugs filled at any pharmacy, the insurance company said Monday, backtracking on its decision to only cover drugs filled at Loblaw-owned pharmacies less than a week after the exclusivity deal was announced.  Company said it would implement change quickly following public feedback. Manulife will cover specialty …

Season passes have long been part of the ski industry, but resorts are increasingly leaning on them as a source of revenue to get money locked in before the season starts.  To hedge their bets against warm weather, resorts want customers to pay up front. For many skiers, the days …

Energy Secretary Raphael Lotilla  Energy Secretary Raphael Lotilla issued DOE Department Order DO2024-01-0001 on Jan. 29, 2024 to establish a nuclear energy program coordinating committee (NEP-CC) with the aim of achieving a 2,400-megawatt nuclear power capacity by 2032. The committee, led by the DOE undersecretary as chair, will include representatives …

Turkish central bank chief Hafize Gaye Erkan was a Western investor darling (AFP / Adem Altan)  ISTANBUL, Turkey — President Recep Tayyip Erdogan on Friday picked a former senior economist at the US online retail giant Amazon as the new head of Turkey’s central bank. Fatih Karahan’s appointment follows the …

GRANT. Millennium Challenge Corporation Chief Executive Officer Alice Albright holds a press briefing at Fairmont Hotel in Makati City on Friday (Feb. 2, 2024). The Philippines is a partner of MCC under the threshold program. (PNA photo by Kris M. Crismundo) MANILA – The United States’ foreign assistance agency Millennium Challenge Corporation (MCC) …

MANILA – The Philippine Stock Exchange index (PSEi) rebounded on Friday reaching the 6,700-mark, while the local currency returned to 55-level. The PSEi closed this week’s trading higher by 84.24 points at 6,707.25, with All Shares also going up by 30.79 points at 3,516.82. All sectoral indices ended on the positive …

Towards its goal of becoming a premiere multi-use airport and destination for businesses, tourists, and locals, the Clark International Airport Corporation (CIAC) has mapped out seven flagship projects to be implemented within the Clark aviation complex. In a press conference for the Singapore Airshow on Feb. 2, CIAC President and …

While often thought of as a last resort, real estate companies are seeing an increase in receiverships as bigger construction projects with multiple mortgages and parties involved start to run into trouble.  Multiple condo projects are being pushed into receivership in Vancouver and Toronto. From one of Canada’s tallest condo …