Business

The Philippine Economic Zone Authority (PEZA) sealed a new partnership with power utility giant Manila Electric Co. (Meralco) that aims to bring cheaper electricity to ecozones across the country in a bid to attract new investments. In a statement, the PEZA said it has formalized a strategic partnership with the …

A peek behind the curtain at how big players in the restaurant industry, who own multiple, seemingly independent restaurants, leverage better buying power as a way to survive post-COVID. A peek behind the curtain at how big players survive post-COVID. Picture this: you walk into a new, buzzy, chef-driven restaurant. …

BSP Governor Eli M. Remolona Jr. The Bangko Sentral ng Pilipinas (BSP) now expects the Philippine economy to expand below five percent this year, citing the erosion of investor confidence stemming from concerns over the governance of the government’s flood control fund. BSP Governor Eli M. Remolona Jr. told reporters …

In a discussion paper titled Macroeconomic Prospects of the Philippines in 2025 to 2026: Restoring Confidence amid Glocal Transitions, Philippine Institute for Development Studies (PIDS) senior research fellow John Paolo Rivera and research specialists Mark Gerald Ruiz and Ramona Maria Miral said they expect the economy to grow by five …

The announcement comes alongside disappointing fourth-quarter results, with one analyst calling its credit situation “an albatross.” The deal would make EQB the exclusive banking partner for the PC Optimum loyalty program, which counts around 17 million active members. (REUTERS/Chris Helgren) · REUTERS / Reuters EQB Inc.’s (EQB.TO) stock jumped more than 13 …

A crucial hearing in Washington into the future of Canada’s three-way trade deal with the U.S. and Mexico kicked off Wednesday with U.S. agriculture, business and policy groups urging the Trump administration not to scrap the agreement. As Washington begins hearing into CUSMA trade deal, Mexico gets rougher ride than …

The Prada Group closed the purchase of Milan fashion rival Versace in a $1.375 billion US ($1.93 billion Cdn) cash deal that puts the fashion house known for its sexy silhouettes under the same roof as Prada’s “ugly chic” aesthetic and Miu Miu’s youth-driven appeal. Purchase will bring ‘maximalist’ Versace …

Two of Canada’s richest families appear to have been successful in their bid on the royal charter that formed Hudson’s Bay about 355 years ago, putting an end to months of uncertainty over the document’s fate and keeping it in the public domain. Bid by Thomson, Weston families comes with …

Fairstone Bank of Canada has agreed to acquire Laurentian Bank of Canada for $1.9 billion in cash. As part of the deal, Laurentian Bank will sell its retail and small-and-medium-sized business banking portfolios and syndicated loan portfolio to National Bank of Canada. Laurentian’s 57 Quebec branches, employees, won’t be transferred. …

Build Canada Homes has been promised as a means to double the pace of housing construction, but no such plan has been presented to achieve this. (Credit: Gavin Young/Postmedia files) The Parliamentary Budget Office projects Canada’s new housing federal agency will add 26,000 housing units over the next five years. This is a 2.1 …