Business

An employee wearing a face mask stands next to a screen displaying characters from the Nintendo video game Super Mario at a store for Japanese games giant Nintendo in Tokyo on February 3, 2022. Nintendo and Sony have a lot riding on two new releases on October 20, 2023, “Marvel’s …

The Ayala Group will reduce its capex guidance by around 10 percent in 2024, from P264 billion in 2023, marking the second consecutive year it will reduce its consolidated budget.  MANILA, Philippines — The Ayala Group is slashing its capital expenditures for the second year in a row, as its …

Analysts remain bullish on Philippine Stock Exchange trading this week despite the selling pressures as the benchmark index attempts to reach the 7,000 level.  Philstocks Financial Inc. research head Japeth Tantiangco said while the index rallied for four straight weeks, leaving the market susceptible to profit-taking, investors would look for …

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 …