Business

An Airbus A321-200 utilized by several airlines for commercial flights was converted into a freighter and was inducted this week at the Teleport headquarters in Malaysia. Teleport, the logistics venture of Capital A Berhad, formerly known as AirAsia Group Berhad, said its first A321 Freighter (A321F) will “strengthen its position …

A joint task force of the Energy Regulatory Commission (ERC) and Department of Justice (DOJ) is being pushed, purposively to prosecute erring players in the restructured power industry. “What we’re trying to work out with the DOJ is the procedure … so we might form a task force to enforce …

New York: US automaker Tesla on Saturday announced that its first electric pickup — a slick-looking silver Cybertruck — had rolled off the assembly line at its huge plant near Austin, Texas. “First Cybertruck built at Giga Texas!” says a tweet from the company, accompanied by a photo of the …

As the Summit 14 mine proposal continues to move its way through the approval process, residents of a town 430 kilometres northwest of Edmonton say they’re wrestling with how the coal industry and the environment can coexist, unearthing no easy answers, only hard questions.  Summit 14 mine project promises new …

UNITED NATIONS: The Covid-19 pandemic, the cost-of-living crisis and the war in Ukraine have pushed 165 million people into poverty since 2020, the United Nations said on Thursday, calling for a pause in debt repayments for developing countries. STRUGGLING A man searches food inside a trash can at the Central …

Many economists say the Bank of Canada’s decision this week to increase its key interest rate yet again was a mistake. But the bank is using the only tools it has. Why aren’t other policy-makers using the tools they have to fight inflation?  The central bank is raising rates to …

The B.C. port strike might be over but it’s expected to take weeks — even months — for supply chains and businesses to recover, according to experts.  Greater Vancouver Board of Trade says there are 63,000 shipping containers waiting to be unloaded. The British Columbia port strike might be over, …

The International Longshore and Warehouse Union Canada and the B.C. Maritime Employers Association have agreed to tentative terms to end the 13-day B.C. port strike. Employer says operations to resume Thursday afternoon. The 13-day B.C. port strike appears to be over after the International Longshore and Warehouse Union Canada and …

At a Glance Managing Director Alain Auclair of UBS Securities Canada said the Philippines has remained an attractive investment destination in the Asia-Pacific region amid global headwinds. Sun Life Philippines CEO and Country Head Benedicto Sison cited three key factors on why it is good to invest in the Philippines, …

UNITED NATIONS: UN chief Antonio Guterres denounced on Wednesday (Thursday in Manila) a global financial system where nearly half the world’s people live in countries whose governments spend more on debt than education or health. “Half our world is sinking into a development disaster, fueled by a crushing debt crisis,” …