Business

Fastfood chain operator Jollibee Foods Corp. (JFC) said Monday it plans to raise up to P8 billion from preferred shares offering to repay debt and finance expansion plans.  JFC said in a disclosure to the stock exchange its board of directors approved the issuance of 5 million preferred shares, with …

(Photo from Anadolu)  ISTANBUL – Oil prices decreased on Monday amid concerns over the demand outlook in China, the world’s biggest crude importer, following data released last week. International benchmark Brent crude traded at USD81.97 per barrel at 10.28 a.m. local time (0728GMT) for a 0.13 percent decline from the closing price …

MANILA – The national government paid a bigger amount of its debt obligations last year, the Bureau of Treasury data showed. Records showed that debt payments last year amounted to PHP1.60 trillion, 23.9 percent higher than the debt payment of PHP1.29 trillion in 2022. The amount exceeded the PHP1.55 trillion debt …

Coffee table book. The Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. (FFCCCII) launches its first coffee table book entitled ‘Dugong Tsinoy, Pusong Pinoy’ in Binondo, Manila. Leading the ceremonial turnover of the book are (from left) FFCCCII vice president Jeffrey Ng, book editor AA Patawaran, FFCCCII president Dr. …

The National Development Company (NDC), serving as an investment arm of the government, signed a 25-year commercial lease agreement with restaurant operator The Bistro Group (TBG Shared Services Inc.), which will build its new corporate head office in the prime property in Makati City. NDC said in a statement Tuesday, …

Canada’s economy added 41,000 jobs in February while the unemployment rate rose to 5.8 per cent, Statistics Canada said Friday.  Unemployment rose to 5.8 per cent, according to Labour Force Survey. The Canadian economy added 41,000 jobs in February, fuelled by strong population growth that continues to outpace employment gains. …

Philippine President Ferdinand Marcos Jr. and US President Joe Biden walk up the West Wing colonnade on their way to the Oval Office at the White House in Washington, DC, on May 1, 2023. (AFP / Carolyn Kaster / Pool)  MANILA, Philippines — US President Joe Biden has assembled a …

A vendor sells livestock at a market in Shenyang in northeastern China’s Liaoning province on January 12, 2024./AFP  BEIJING, China — Chinese consumer prices rose in February for the first time since August, data showed Saturday, bucking a months-long stretch of deflation that compounded the country’s myriad economic woes. The …

People use their phones next to a display showing the stock numbers on the Hang Seng Index in Hong Kong on April 27, 2022. (Dale dela Rey/AFP)  HONG KONG, China — Asian markets on Friday tracked a record-breaking day in New York and Europe as traders grew increasingly optimistic about …

People spend time on the waterfront of Victoria Harbour in Hong Kong on May 31, 2020. (AFP / Isaac Lawrence)  HONG KONG, China — As Hong Kong fast-tracks a new national security law, the legislation and questions about its implementation have raised fears among the business community. The draft bill, …