Business

TOKYO: Japan announced up to $3.9 billion in fresh subsidies on Tuesday for next-generation semiconductor venture Rapidus, as it seeks to become a big player in the chip sector again. Motivated by geopolitical concerns surrounding Taiwan, Japan is vying with the United States and Europe to attract chipmakers with massive …

UNITED Airlines is asking its pilots to take time off in May because of delays in receiving new planes that the airline ordered from Boeing, which is struggling with production due to manufacturing problems. A United spokesman said on Monday that the offer is voluntary. TIME OFF Two United Airlines …

BANGKOK: Asian economies are not doing as well as they could, and growth in the region is forecast to slow to 4.5 percent this year from 5.1 percent in 2023, the World Bank said in a report released on Monday. Debt, trade barriers and policy uncertainties are dulling the region’s …

The Bank of Canada says business and consumer sentiment improved during the first quarter of the year, despite higher interest rates still putting a drag on the economy.   Central bank’s surveys showed outlook is improving amid expectation of rate cuts. The Bank of Canada says business and consumer sentiment …

TOKYO: A key Japanese central bank report said on Monday that sentiment among big manufacturers has sagged, but that optimism is at a three-decade high among large business outside the manufacturing sector. The Bank of Japan’s “tankan” report said sentiment among large manufacturers, which include auto and electronics giants, declined …

A group of Quebec Tim Hortons franchisees is taking the brand’s owner to court over lower-than-expected profits they claim are due to constraints in licensing agreements.  Constraints in licensing agreements to blame for lower-than-expected profits, group alleges. Several Quebec Tim Hortons franchisees are taking the brand’s owner to court, blaming …

(File photo) MANILA – The country’s manufacturing purchasing managers’ index (PMI) recorded a modest growth in March this year at 50.9. March’s PMI was slightly lower than February’s 51 but a PMI above 50 is still considered growth. The manufacturing PMI gauges the health of the local sector, with scores above …

The Bangko Sentral ng Pilipinas (BSP) forecasts March 2024 inflation could be a low of 3.4 percent which was the same rate in February, or climb to a high of 4.2 percent due to upside price pressures from rice, meat, electricity and fuel. In a statement Monday, April 1, the …

A portion of the Central Luzon Link Expressway, which extends between Tarlac City and San Jose City in Nueva Ecija./Release  IBA, Zambales — The Central Luzon Link Expressway (CLLEx), which has faced long delays due to right-of-way claims, got a new lease in life after a dialogue between project officials …

The Department of Public Works and Highways (DPWH), together with the Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB) hosts on March 26, 2024, another contractor’s outreach program for the Bataan-Cavite Interlink Bridge (BCIB) Project.  Major contractors from the country and around the world expressed interest in joining …