Business

The Philippines registered a higher balance of payments (BOP) surplus of $1.592 billion as of end-August from $1.504 billion in end-July amid sustained net inflows and a narrowing trade gap, according to the Bangko Sentral ng Pilipinas (BSP). The BOP which is a summary of the economic transactions of a …

TD Bank Group announced Thursday that Raymond Chun will replace CEO Bharat Masrani when he retires next spring. It comes as the bank works to resolve investigations into deficiencies in its anti-money-laundering program in the U.S., which allegedly allowed hundreds of millions of dollars of illicit drug profits to flow …

Tupperware Brands, the company that revolutionized food storage decades ago and saw exponential growth with Tupperware parties, has filed for bankruptcy after years of financial woes and slumping sales due to cheap online competition. CEO says company isn’t going anywhere, but needs ‘essential flexibility’ after years of financial woes. Tupperware …

WASHINGTON, D.C. — US industrial production surged in August as motor vehicle manufacturing bounced back after plummeting in July, the Federal Reserve (Fed) said on Tuesday, shortly before kicking off a two-day meeting on interest rates. Total industrial output exceeded expectations to rise by 0.8 percent last month from a …

RENTON, Washington — Negotiators from Boeing and the machinists union representing its workers resumed talks on Tuesday after some 33,000 employees went on strike late last week, effectively shutting down two Seattle-area factories. Talks got under way Tuesday morning, said a person familiar with the matter. The objective is “to …

SAN FRANCISCO, California — Meta on late Monday said it is banning Russian state media outlets from its apps around the world due to “foreign interference activity.” The ban comes after the United States accused RT and employees of the state-run outlet of funneling $10 million through shell entities to …

Tupperware products are offered for sale at a retail store on April 10, 2023 in Chicago, Illinois. Tupperware Brands Inc and some of its subsidiaries filed for Chapter 11 bankruptcy protection on September 17, 2024, the food container firm said in a statement. The company, known for its trademark food …

Instagram is introducing separate teen accounts for those under 18 as it tries to make the platform safer for children amid a growing backlash against how social media affects young people’s lives.  New limitations on sensitive content, restrictions on private messages among the changes. Instagram is introducing separate teen accounts …

Facebook owner Meta said on Monday it was banning RT, Rossiya Segodnya and other Russian state media networks, alleging the outlets used deceptive tactics to carry out influence operations while evading detection on the social media company’s platforms.  Alleges RT and others used deceptive tactics to covertly influence people. Facebook …

High borrowing costs and fiscal pressures are affecting long-term financing in the Asia-Pacific region, underscoring an urgent need for policy reforms.  This issue was addressed during a virtual policy dialogue hosted by the Philippine Institute for Development Studies (PIDS) and the United Nations Economic and Social Commission for Asia and …