The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag on the economy. Central bank’s surveys showed outlook is improving amid expectation of rate cuts. The Bank of Canada says business and consumer sentiment …
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Japanese manufacturers optimistic
TOKYO: A key Japanese central bank report said on Monday that sentiment among big manufacturers has sagged, but that optimism is at a three-decade high among large business outside the manufacturing sector. The Bank of Japan’s “tankan” report said sentiment among large manufacturers, which include auto and electronics giants, declined …
Read More »Group of Tim Hortons franchisees in Quebec sue brand owner for $18.9M
A group of Quebec Tim Hortons franchisees is taking the brand’s owner to court over lower-than-expected profits they claim are due to constraints in licensing agreements. Constraints in licensing agreements to blame for lower-than-expected profits, group alleges. Several Quebec Tim Hortons franchisees are taking the brand’s owner to court, blaming …
Read More »Modest growth for PH manufacturing PMI in March
(File photo) MANILA – The country’s manufacturing purchasing managers’ index (PMI) recorded a modest growth in March this year at 50.9. March’s PMI was slightly lower than February’s 51 but a PMI above 50 is still considered growth. The manufacturing PMI gauges the health of the local sector, with scores above …
Read More »BSP forecasts March inflation of 3.4%-4.2%
The Bangko Sentral ng Pilipinas (BSP) forecasts March 2024 inflation could be a low of 3.4 percent which was the same rate in February, or climb to a high of 4.2 percent due to upside price pressures from rice, meat, electricity and fuel. In a statement Monday, April 1, the …
Read More »CLLEx right-of-way row resolved; project to resume Q2 — Zambales guv
A portion of the Central Luzon Link Expressway, which extends between Tarlac City and San Jose City in Nueva Ecija./Release IBA, Zambales — The Central Luzon Link Expressway (CLLEx), which has faced long delays due to right-of-way claims, got a new lease in life after a dialogue between project officials …
Read More »Contractors join DPWH town hall meeting for Bataan-Cavite bridge
The Department of Public Works and Highways (DPWH), together with the Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB) hosts on March 26, 2024, another contractor’s outreach program for the Bataan-Cavite Interlink Bridge (BCIB) Project. Major contractors from the country and around the world expressed interest in joining …
Read More »He ran luxury hotels in Dubai. Now he’s in a Canadian fast food war room
Fast food brands are known for their consistency, but amid growing competition and changing demographics, brands are using new flavours and limited-time offers to mix up their menus and reel in new customers. We visit the A&W test kitchen where the company hopes to invent the next McRib or Pumpkin …
Read More »Sri Lanka inflation dips to lowest level since crisis
A vendor sells soap bubble liquid on the Galle Face promenade in Colombo on March 21, 2024. (AFP / Ishara S. Kodikara) COLOMBO, Sri Lanka — Sri Lanka’s statistics office said Friday that inflation had slowed to 0.9% in March, the lowest year-on-year price increase since an unprecedented economic crisis. …
Read More »Winning OFW families grateful to OWWA for MOFYA, cite BDO for fostering culture of saving
OWWA administrator Arnaldo “Arnell” Ignacio (far left) confers the 2023 MOFYA to Amir Hawari, a land-based OF from Zamboanga who was joined by his wife Armina and daughter Nizma. Also joining them onstage was Department of Migrant Workers (DMW) officer-in-charge Hans Cacdac The winners of the Model OFW Family of …
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