Business

Yearender As modern technologies rapidly evolve, the Philippines’ telecommunication companies have been optimizing their fiber and broadband network capacities this year to reach more Filipinos. With a capital expenditures (CAPEX) guideline of P71.5 billion, Globe Telecom Inc. recorded a total investment of P54 billion in the first nine months of …

MANILA – An economist said the Philippine Stock Exchange index (PSEi) was able to sustain the 6,000 to 7,000 levels from 2012 to 2023, while the Philippine peso closed the year as one of the top performing currencies in the region. For the last day of trading in 2023, the PSEi …

Mastermind Toys stopped accepting gift cards on Dec. 24 after the retailer filed for creditors protection in November. Gift card holders are currently in limbo with no word if cards will be valid once the deal closes. Riverview father Rudy Walters wants more consumer protections for gift card holders. Riverview …

BlendJet is recalling millions of portable blenders, including about 117,000 sold in Canada, over laceration and fire hazards after receiving dozens of reports of injuries, U.S. regulators said Thursday.  There have been 329 reports of blades breaking during use. BlendJet is recalling millions of portable blenders over laceration and fire …

Reducing CO2 emissions with renewables Motolite, the leading and most trusted battery brand in the Philippines, is also being recognized as among the country’s most eco-friendly energy users with its continued shift to sustainable solar panels in powering its manufacturing and retail facilities. Motolite has already installed around 7,600 kilowatts …

President Ferdinand R. Marcos Jr. (File photo) MANILA – Some PHP22 billion worth of projects sealed during the foreign visits of President Ferdinand R. Marcos Jr. this year are already operational, Department of Trade and Industry (DTI) Undersecretary Ceferino Rodolfo said Friday. Rodolfo said the projects are part of the PHP4.019-trillion investment …

The New York Times is suing OpenAI and Microsoft, accusing them of using millions of the newspaper’s articles without permission to help train artificial intelligence technologies. Several generative AI companies facing similar suits by writers, visual artists. The New York Times is suing OpenAI and Microsoft, accusing them of using …

Yearender The Bangko Sentral ng Pilipinas (BSP), private banks, economists and market watchers generally consider 2023 better than the previous year, and that the challenges and progress of the past 12 months will likely extend to 2024. BSP Governor Eli M. Remolona Jr., who became the central bank’s seventh governor …

Small clothing designers in Nova Scotia say the turbulence of the pandemic followed by rising interest rates, supply-chain disruptions and declining demand have forced changes in how they operate. N.S. designers have had to adjust to changes in consumer behaviour, supply chain disruptions, inflation, Amid high inflation, rising operating costs …

With electric vehicle sales in Canada breaking records every year, the demand is clear, say advocates of EVs. But some observers say data shows that most Canadians still aren’t particularly eager to buy one and that federal targets might be difficult to achieve.  High prices, need for charging stations, lack …