Business

Wall Street/Wikipedia Last week, US equities reached new all-time highs, thereby lifting global stock markets. This came on the back of Federal Reserve (Fed) Chair Jerome Powell’s dovish policy statement. In that speech, Powell touted considerable progress in bringing down inflation, notwithstanding the bumps in the road toward the two …

The Department of Finance (DOF) is prioritizing improving tax collection efficiency to avoid the need for new taxes, Finance Secretary Ralph Recto said.  “Hopefully, there would be no trigger. We should try to collect what’s there. There are still leakages in the system, so collection efficiency is key. It may …

The Philippines made a strong pitch to ten global players in the mining and electric vehicle (EV) sectors, emphasizing the country’s objective to become a preferred destination for EV production and green metals manufacturing to be able to participate in the global supply chain given its abundant supply of green …

Motorists are urged to prepare for the expected Holy Week traffic surge at the Cavite-Laguna Expressway (CALAX), Manila-Cavite Expressway (CAVITEX), and the C-5 Link Segment, as the Metro Pacific Tollways South (MPT South) implements ways to manage the expressways. Beginning Monday, March 25 to Sunday, March 31, MPT South said …

MCB copper gold project map (From Celsius Resources website) MANILA – For the first time in 15 years, the Philippine government granted permit to the copper mining project of Perth-based Celsius Resources with initial investments of USD253 million, or around PHP14 billion. In a statement over the weekend, the Department of Trade …

Calgary-based startup Cap Clean Energy wants to produce sustainable aviation fuel (SAF) in Alberta, Saskatchewan and Manitoba using crop residue, such as wheat straw and other byproducts of grains and oil seeds.  SAF is less polluting than jet fuel, but more expensive for airlines. For anyone who has flown with …

Stellantis has recalled more than 10,000 Dodge and Chrysler sedans in Canada due to defective airbags.  Older model Dodge Chargers, Chrysler 300s recalled to replace side airbag. Stellantis has recalled more than 10,000 Dodge and Chrysler sedans in Canada due to defective airbags. The company says an estimated 10,285 Dodge …

Global logistics company UPS signed a strategic deal with Clark International Airport (CRK) operator Luzon International Premiere Airport Development Corp. (LIPAD) to expand its operations and boost its presence in the region.  “We have been doing business in our Philippines hub for more than 25 years, helping to connect businesses …

PH DIGITIZATION. Samsung Electronics Philippines Corp. president Chu Minsu speaks in a media interview at the Marriott Grand Ballroom in Pasay City on Thursday (March 21, 2024). Samsung said it is keen to supply the country’s digitalization needs. (PNA photo by Kris Crismundo) MANILA – The local unit of Korean electronics firm …

People walk past an electronic board showing a share price of the Nikkei index of the Tokyo Stock Exchange in Tokyo on March 19, 2024. Photo by Yuichi Yamazaki / AFP  HONG KONG, China — Asian markets mostly fell Friday after data pointing to a still-strong US economy raised fresh …