Business

President Marcos Jr. administers the oath of office to MIC president-CEO Rafael Consing Jr. in the presence of his wife Monica Munoz-Consing.  Spearheaded by a man of integrity, initiative Infra-driven projects to bring in global investors, spur growth – MIC chief A seasoned C-level executive known for his business acumen, …

The Google logo is seen during the Google I/O annual developers conference at Shoreline Amphitheatre in Mountain View, California on May 10, 2023. (AFP/Josh Edelson)  MONTREAL, Canada — Canada’s print media will receive nearly two-thirds of an annual Can$100 million (US$75 million) payment from Google to the country’s news outlets …

The Tantoco family’s SSI Group Inc. has upgraded its partnership with luxury goods firm Prada S.p.A from a franchise to a P380 million joint venture which is seen to ramp up the brand’s expansion in the Philippines. In a disclosure to the Philippine Stock Exchange (PSE), SSI said its wholly-owned …

Bank of Canada governor Tiff Macklem says he expects 2024 to be a transition year as higher interest rates slow down the economy, making way for lower inflation.  Effects of higher interest rates still working their way through the economy. Bank of Canada governor Tiff Macklem says he expects 2024 …

Workers at the Rogers Sugar refinery in Vancouver have been on strike since Sept. 28 over issues including wages, benefits and the company’s demand to increase refinery operations to 24 hours a day, 365 days per year.  Workers unhappy with company plan to expand operations round-the-clock all year with mandatory …

The annual pace of housing starts in Canada are down 22 per cent in November, according to the CMHC. One economist calls it a “crisis.”  ‘Crisis’ looming as need grows while starts steadily decline, economist says. The pace of housing starts in Canada fell by 22 per cent in November, …

“Yes, we’re exploring to buy more (Sinovac doses). But our plan is, once the majority of Pfizer and Moderna vaccine doses have been delivered, we might be concentrating on these major brands,” vaccine czar Carlito Galvez Jr. said during the arrival of more than 365,000 doses of the Pfizer vaccine …

Chinese-owned online retailer Temu is suing its rival Shein in the United States, accusing it of “mafia-style” intimidation tactics to keep the upper hand in the US market.  In the lawsuit, filed on Wednesday in a federal court in Washington DC, Temu accuses Shein of threatening merchants against doing business …

Air Transat and the union representing flight attendants, CUPE, have reached an agreement in principle.  The agreement in principle diverts a strike that could have come as soon as Jan. 3. Air Transat and the union representing its flight attendants, a unit of The Canadian Union of Public Employees, have …

For a third straight time, the U.S. Federal Reserve kept its key interest rate unchanged Wednesday, as it signalled its expectations to make a series of quarter-point cuts to the benchmark interest rate next year.  In keeping status quo, Fed signals it’s done raising rates after string of increases. For …