Business

At a Glance In his recent State of the Nation Address, President Marcos raised the need for further structural tax reforms to achieve the socioeconomic goals set by his administration. When asked for clarification on whether this meant there would be additional tax reform proposals in addition to those already …

Social contractors hire people with barriers to employment to develop green construction skills. Their training grounds? Affordable housing in need of an energy-efficient fix.  Social contractors could present solutions to housing crisis, labour shortage and climate change all at once. When Dorine Khainza arrived in Canada from Uganda in January, …

HONG KONG: Chinese e-commerce giant Alibaba says it does not plan to sell any shares in its one-third shareholding in financial technology company Ant Group because it wants to retain its stake in an “important strategic partner.” Alibaba Group Holdings said in a filing on Sunday that it will not …

Elon Musk and Twitter Chief Executive Officer Linda Yaccarino unveiled a new logo for the social media platform on Monday that featured a white “X” on a black background as a replacement for the familiar blue bird symbol.  Musk has a long history with the single-letter name. Elon Musk and …

PARIS: While accommodating potential Olympic visitors is one topic to fret about 12 months ahead of the Paris Games, there are also concerns that the sports showpiece could exacerbate existing issues for one of the world’s most popular tourist destinations. 12 MONTHS TO GO Amelie Oudea-Castera (right), minister for Sport …

LONDON: The close connection between Britain and China in terms of investment and trade will benefit both sides, as “all ships float on a rising tide,” Sir Sherard Cowper-Coles, chairman of the China-Britain Business Council (CBBC) told Xinhua in a recent interview. WIN-WIN SITUATION People perform the lion dance during …

DHAKA: China’s telecommunication giant Huawei has said it will bring in more top-notch technologies and solutions to build a fully connected and “intelligent Bangladesh.” With a renewed commitment to boosting Bangladesh’s development, Huawei celebrated its 25 years of operation in the country on Thursday. TECH GIANT ALLY President of Huawei …

A job performance rating by the RP-Mission and Development Foundation Inc. for June to July 2023 showed a significant increase in ratings for Secretary Alredo Pascual, the Department of Trade and Industry said over the weekend. Trade Secretary Alfredo Pascual Results of the survey showed that Pascual’s ranking went up …

NEW YORK CITY: Drops for Tesla, Netflix and other big tech-oriented stocks put the clamps on Wall Street’s torrid rally on Thursday. The S&P 500 fell 30.85, or 0.7 percent, to 4,534.87, coming off its highest close since early April 2022 and its seventh gain in the last eight days. …

SAN FRANCISCO, California: A fired Twitter product manager said Elon Musk ran the company newly renamed X by instinct not data, surrounded by sycophants with his mood changing unpredictably. Esther Crawford, whose picture sleeping in a Twitter office late last year made her a viral sensation, shared her thoughts on …