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 …
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No snow, no problem: Ski resorts push season passes over pay-as-you-go tickets to secure sales
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 …
Read More »DOE orders creation of nuclear energy coordinating committee
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 …
Read More »Erdogan picks ex-Amazon economist to head Turkey central bank
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 …
Read More »US aid agency, PH start talks on strengthening governance
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) …
Read More »Local shares exceed 6,700, peso back to 55-level
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 …
Read More »CIAC prioritizes 7 infra projects for Clark aviation complex
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 …
Read More »Real estate receiverships on the rise in Canada as projects stall
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 …
Read More »Business insolvencies shot up by more than 41% last year, as pandemic debts mount
Business insolvencies jumped by more than 41 per cent last year, according to data released Friday by Canada’s top financial regulator for bankruptcies. Total number of insolvencies up by 23% in 2023. Business insolvencies jumped by more than 41 per cent in 2023,according to data released Friday by Canada’s top …
Read More »Hike to U.S. softwood lumber duties ‘entirely unwarranted,’ trade minister says
The federal government is lashing out at the U.S. Commerce Department over plans to raise duties on Canadian softwood lumber. Mary Ng says Canada will fight duties by every means available, as U.S. plans raise from 8.05% to 13.86%. The federal government has lashed out at the U.S. Commerce Department …
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