Business

Toyota Motor Corp. is urging owners of certain older vehicle models to stop driving and get immediate repairs because an airbag inflator could explode and potentially kill motorists.  Company reissues warning from 2015, trying to reach remaining owners. Toyota Motor Corp. is urging owners of certain older vehicle models to …

Court documents show Flair Airlines owes the federal government $67.2 million in unpaid taxes, prompting the Canada Revenue Agency to obtain an order for the seizure and sale of the carrier’s property.  Airline’s CEO says the company and CRA have agreed on a payment plan. Court documents show Flair Airlines …

Ottawa has proposed regulatory changes that would lower the criminal interest rate from the equivalent of 47 per cent annual percentage rate (APR) to 35 per cent APR. But credit counsellors and poverty activists say that alone won’t address the reasons why people turn to alternative lenders. Ottawa has proposed …

Working oil pumpjacks on the outskirts of Maricopa in Kern County, California, on September 21, 2023, where agriculture and oil are key to the region’s economy. Gas prices in California have been rising once again, well above the national average, and California Governor Gavin Newsom this week called out the …

Bureau of Internal Revenue Commissioner (BIR) Romeo Lumagui Jr. clarified that small-scale online sellers with annual transactions below half a million are exempted from the creditable withholding tax under Revenue Regulation No. 16-2023 and Revenue Memorandum Circular No. 8-2024.  This is in relation to the creditable withholding tax of 1 …

A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, a move likely to send ripples through China’s crumbling financial markets as policy-makers scramble to contain the deepening crisis.  World’s most indebted developer unable to reach restructuring deal with creditors. A Hong Kong court on …

KangKong King co-owners (from left) Jay Tan with wife Sheryl Tan, Anne Gaw, Frank Gaw, Andrew Tan Lee and Ben Ng during a food fair.  Picky eaters may find vegetable chips unappealing to their discerning taste buds, but a group of young entrepreneurs made eating healthy taste amazingly good, proving …

This illustration photo shows the new Twitter logo rebranded as X (L) and the old Twitter bird logo reflected in smartphone screens, in Paris on July 27, 2023. (AFP/Joel Saget)  SAN FRANCISCO, United States — Social media platform X, formerly Twitter, will open a moderation office in Texas with an …

Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. is not ruling out a policy rate cut within the year, given the moderating inflation outlook due to base effects. He also said that if the 2023 economic growth exceeds expectations, the hawkish Monetary Board, BSP’s policy-making arm, may go …

140 workers, represented by the Private and Public Workers of Canada Local 8, have been striking since Sept. 28.  Main issue in the strike was the company’s demand to ramp up operations to 24 hours a day year-round. Rogers Sugars has announced a tentative agreement with the union representing 140 …