Business

Small enterprises are establishments with a total workforce of 10 to 99, while medium enterprises employ 100 to 199 workers, according to the Philippine Statistics Authority. (STAR / File)  MANILA, Philippines — The proposed P100 daily minimum wage increase for private sector workers may hurt small and medium enterprise (SMEs) …

To avoid FX volatility The Monetary Board, the central bank’s policy-making arm, is not expected to reduce its benchmark rate ahead of the US Federal Reserve as this might lead to sharp exchange rate fluctuations, according to analysts. “We don’t think the BSP (Bangko Sentral ng Pilipinas) would be able …

The maker of ChatGPT on Thursday unveiled its next leap into generative artificial intelligence with a tool that instantly makes short videos in response to written commands. AI videos aren’t new but the high quality of these astounds observers, raises fears. The maker of ChatGPT on Thursday unveiled its next …

Court documents show the discount electronics and home goods retailer wanted to close its 14 stores in the province because it has found the business is “no longer viable.” Discount retailer says business is ‘no longer viable.’ An Ontario court has given Factory Direct permission to liquidate its stores as …

Travelling with 40 wedding guests from Ocho Rios, Jamaica, an Ontario couple says that nearly half the group had expensive gadgets, fragrances and clothing stolen from their suitcases, and that the lining of their suitcases was left in tatters. Ontario couple tracked stolen airpods back to Jamaica where their son’s …

New home construction in Canada fell by 10 per cent in January compared to December, as fewer multi-unit urban homes were built, according to the country’s national housing agency.  Many economists had predicted rate would increase. New home construction in Canada fell by 10 per cent in January compared to …

The average asking price for rent in Canada reached $2,196 in January, a 10 per cent increase from this time last year — marking another record high amid a deepening rental crisis.  Highest jump was in Edmonton, with prices up 17% since last year. The average asking price for rent …

Air Canada has been ordered to pay compensation to a grieving grandchild who claimed they were misled into purchasing full-price flight tickets by an ill-informed chatbot.  Airline’s claim that online helper was responsible for its own actions was ‘remarkable’: small claims court. Air Canada has been ordered to pay compensation …

The Canadian Real Estate Association says January home sales jumped 22 per cent compared with a year ago, the largest year-over-year gain since May 2021.  CREA says home sales in January up 3.7% from previous month. January home sales jumped 22 per cent compared with a year ago, the largest …

Dozens of ride-share and food delivery drivers in Toronto staged a strike Wednesday, calling for more fair pay and better treatment after a recent report found that what some drivers make falls well below Ontario’s minimum wage.  Recent report found Toronto drivers can make as little as $6 an hour; …