Canadian oilsands companies are working to develop a proposed $16.5 billion carbon capture project, amid mixed support from local communities and ongoing questions about whether such projects are effective in the global fight against climate change. Governments pledge new funding for the technology as new report questions whether it’s worthwhile. …
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Italian investors have eye on PH
AN executive of the Italian Chamber of Commerce in the Philippines Inc. said businesses in Italy are keenly interested in investing in the Philippines. Speaking in SMNI’s weekly public affairs program “Business and Politics” hosted by The Manila Times Chairman and CEO Dante “Klink” Ang 2nd, the group’s executive director, …
Read More »TD Bank’s very bad year in the Maritime seafood business
Three Atlantic seafood companies have faltered financially in 2023 with TD Bank as a secured creditor on loans totalling $39 million. Despite failures of some companies, consultant says the sector is strong. A bankruptcy and insolvency court in Halifax granted Chester Basin Seafoods more time to restructure late last week …
Read More »NAIA-3 to undergo electrical system upgrade, brief power interruption expected
This Nov. 26, 2023 photo shows the Ninoy Aquino International Airport Terminal 3. (Philstar.com / Rosette Adel) MANILA, Philippines — The Manila International Airport Authority is set to conduct another series of scheduled electrical maintenance activities at the Ninoy Aquino International Airport Terminal 3 as part of its medium-term program …
Read More »BSP seen keeping rates unchanged in December
The Bangko Sentral ng Pilipinas (BSP) may consider pausing again in its last policy meeting for the year, especially if inflation decelerates further and the peso remains stable, an economist said over the weekend. Rizal Commercial Banking Corp. chief economist Michael Ricafort said in a report the BSP could also …
Read More »Finding room for carry-on baggage has become ‘the Hunger Games’ of air travel, analyst says
Airline industry insiders say passengers have become carried away with carry-on baggage, leading to costly delays. That’s prompting calls for changes to how airplanes charge for baggage, with some discount airlines like Sunwing and Spirit already beginning to flip the fee structure so passengers pay for the privilege of keeping …
Read More »Mastermind Toys gets order for creditor protection, wants to close some stores
Mastermind Toys says it has obtained an initial order for creditor protection from the Ontario Superior Court of Justice as it continues to cope with financial challenges and a slowing economy. All 66 of its stores across Canada remain open. Mastermind Toys says it has obtained an initial order for …
Read More »Warner Bros., local company team up to revive PH film market
Mentorque Productions president John Brian Diamante (right) and Warner Bros. Philippines distribution director Roco Gonzales. Warner Bros. Pictures signed an exclusive partnership with a local film company to reawaken the Philippine movie industry. The Hollywood film studio signed an agreement with Filipino firm Mentorque Productions over the weekend to handle …
Read More »Starbucks’ pumpkin spice latte turns 20
STARBUCKS’ Pumpkin Spice Latte goes on sale on Thursday in the United States and Canada, as it does each year when the nights start getting longer and the fall winds gather. As it approaches its 20th year, it is still the coffee giant’s most popular seasonal beverage, with hundreds of …
Read More »George Cohon, founder of McDonald’s Canada who brought Big Mac to Soviet Union, dead at 86
Canadian businessman George Cohon, who founded McDonald's Canada and helped open the fast-food company's first franchise in the Soviet Union, has died, his family said on social media. He was 86. 'His passion for serving — and supporting — others was always evident,' says PM Canadian businessman George Cohon, who …
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