Business

Japan’s Tiger  Resorts, Leisure and Entertainment Inc., (TRLEI) the operator of Okada Manila, has entered into an agreement to acquire Dennis Uy’s hotel and casino project in Cebu.  TRLEI, in statement posted on its website late Friday, said it entered into a preliminary agreement to acquire majority stake in Emerald …

DBS senior economist Radhika Rao said the Philippines undertook one of the most aggressive rate hike cycles to ward off inflation risks this year. (Philstar.com / File Photo)  MANILA, Philippines — Singapore-based DBS Bank Ltd. forecasts that the Bangko Sentral ng Pilipinas (BSP) is unlikely to swiftly enact monetary policy …

Short-term rental managers across B.C. are lamenting the demise of their business model, while real estate agents say owners of investment properties are being forced to sell at a loss or risk being unable to pay their mortgage.  B.C.’s housing minister said Airbnb property managers should find new jobs. Nancy …

The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rental and home prices could continue to rise without a boost to housing supply.  In Windsor, Ont., speech, deputy governor also referenced many economic benefits of immigration. The recent …

The bread supplier that admitted to price-fixing earlier this year says any anti-competitive behaviour it participated in was at the direction and to the benefit of its then-majority owner Maple Leaf Foods.  Maple Leaf says allegations are ‘totally unfounded.’ The bread supplier that admitted to price-fixing earlier this year says …

NEW YORK CITY: Levi Strauss & Co. said on Thursday that its chief executive officer (CEO) will step down in January and hand over the reins of the jeans maker to his appointed successor. Chip Bergh, 66, will cede the CEO job to Michelle Gass, 55, who left her CEO …

McDonald’s also intends to use a combination of technology and a greater focus on its delivery capabilities to better serve customers in the years ahead.  Burger giant aims to add thousands of new locations around the globe by 2027. McDonald’s is expecting to go through a growth spurt. The Chicago-based …

Canada’s financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures.  Second fine levied by Financial Transactions and Reports Analysis Centre this week, after RBC Monday. Canada’s financial intelligence agency says it has levied a $1.3-million penalty against CIBC …

The head of Canada’s biggest grocery chain says the looming implementation of the grocery code of conduct would lead to higher prices for consumers, not lower ones.  Head of Loblaws says proposed new rules are bad for business and consumers. The head of Canada’s biggest grocery chain says the looming …

The Bank of Canada decided to keep its benchmark interest rate steady at five per cent. Economists starting to think rate cuts will start happening in 2024. The Bank of Canada decided to keep its benchmark interest rate steady at five per cent. The move was widely expected, as after …