Business

JAKARTA: Indonesia has called on member countries of the Association of Southeast Asian Nations (Asean) to push for the measurement and formulation of a framework to pursue a blue economy in the region. The call was conveyed by Indonesian Minister of National Development Planning Suharso Monoarfa on Monday at a …

The federal government’s grocery rebate is expected to start landing in eligible Canadians’ bank accounts today.  One-time payment meant to help offset rising food costs for low-income Canadians. Grocery rebate payments from the federal government are expected to start landing in eligible Canadians’ bank accounts today. The government has billed …

Meta Platforms plans to launch a Twitter-rivaling microblogging app called Threads, days after Twitter boss Elon Musk attracted criticism by announcing a temporary cap on how many posts users can read on the social media site.  Listings for Threads are beginning to appear in Apple, Google app stores. Meta Platforms …

The Canadian Federation of Independent Business warns the strike could cause supply chain issues like those seen earlier in the pandemic, and could also fuel inflation.  Industry insiders say strike could cause supply chain issues, higher costs for consumers. As the port workers’ strike in British Columbia goes into its …

As Canadians grow more concerned about rising inflation, competition across different sectors of the economy has become a “kitchen-table issue” at a time when the federal government is reviewing its competition law.  Two largest media companies recently confirmed talks about a potential merger. As Canadians grow more concerned about rising …

NEW YORK: Elon Musk announced Saturday (Sunday in Manila) that Twitter would temporarily restrict how many tweets users could read per day, in a move meant to tamp down on the use of the site’s data by artificial intelligence (AI) companies. The platform is limiting verified accounts to reading 6,000 …

BAGHDAD: Iraq exported about 100.59 million barrels of crude oil in June, generating $7.1 billion in revenue, the country’s Oil Ministry announced Saturday. The average price for Iraqi crude oil in June was $71.1 per barrel, the ministry said in a statement, citing statistics from the State Organization for Marketing …

NEW DELHI: The Indian government has sought ideas from the public in a bid to curb soaring tomato prices in the South Asian country. The move comes at a time when tomato prices have touched $1 and above per kilogram. Tomatoes, an essential ingredient in Indian cuisine, were sold at …

Twitter owner Elon Musk has limited the number of tweets that users can view each day — restrictions he described as an attempt to prevent unauthorized scraping of potentially valuable data from the social media platform.  Owner Elon Musk also imposes other limits on tweets in response to data scraping. …

Outgoing Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla said 42.1 percent of payment transactions have migrated to digital or e-payments as of end-2022, an improvement from 30.3 percent in 2021. Under the BSP’s Digital Payments Transformation Roadmap, about 50 percent of payments in terms of volume should be …