Business

A new report from the CCPA, an Ottawa-based think-tank that focuses on social, economic and environmental issues, found that the 100 best-paid chief executive officers in Canada now make 246 times what the typical worker earns.  Report author calls inflation a contributing factor in the widening pay gap between workers …

Skyrocketing prices have taken a big bite out of what Canadians are able to serve up for dinner but food economists say our ability to cope has been worsened by our collective decline in cooking skills. While not a solution to food insecurity, cooking skills can help mitigate the impact …

MANILA – The Philippine Stock Exchange index (PSEi) started the year with gains on positive sentiment on inflation, while the local currency depreciated on the first day of trading of 2024. The PSEi closed Tuesday surging by 104 points, or 1.61 percent, to 6,554.04, with All Shares also increasing by 41.38 …

Department of Finance Secretary Benjamin Diokno  The economic team of the Marcos administration vowed to work closely with Congress in pushing for key reforms crucial to accelerating economic development, Department of Finance (DOF) Secretary Benjamin Diokno said. Diokno said the approval of proposed legislative reforms would help ensure the funding …

From left: Ace Azarraga, FCG’s Brand and Partnership Director; President of Kitchen City, Ricardo Abelardo Jr.; Alfredo Yao, Kitchen City Owner and Chairman of the Board; Guillermo Luchangco, Chairman Emeritus of ICCP Group of Companies; and Ms. Pamela Pascual, Chairman and CEO of Manila Exposition Complex Inc.  Last December 22, …

China’s President Xi Jinping  BEIJING, China—President Xi Jinping said Sunday the Chinese economy had grown “more resilient and dynamic” in 2023, despite financial figures continuing to disappoint as the post-Covid recovery stalls. He also promised in a bullish New Year’s address to the nation that China would “surely be reunified”—a …

Investors in the local stock market have reason to be guardedly optimistic about 2024 following a lackluster trading in 2023. “The expected improvement in macroeconomic indicators are poised to drive market conditions in 2024,” said Philippine Stock Exchange (PSE) President and CEO Ramon S. Monzon. PSE President and CEO Ramon …

A McDonald’s store sign is seen on October 30, 2023 in Austin, Texas. (Brandon Bell / Getty Images / AFP)  KUALA LUMPUR, Malaysia — McDonald’s Malaysia has sued a pro-Palestinian group for $1.3 million over its calls to boycott companies allegedly supporting Israel. In a statement issued Friday, the fast-food …

In November 2023 At a Glance National government’s November budget deficit decreased by 25% to P93.3 billion from P123.9 billion last year. Total revenues amounted to P340.4 billion, higher than the P331.1 billion recorded a year ago. Tax revenues fell by nine percent to P286 billion from P314 billion, with …

File photo MANILA – The Philippines added two new free trade agreements (FTAs) this year, the Regional Comprehensive Economic Partnership (RCEP) and its trade pact with South Korea, to ease barriers to trade and investments and boost commercial ties among partners. RCEP entered into force in the Philippines on June 2 …