BREAKING NEWS: Business (2)

ERC approves NGCP’s P2.34-B transmission project in Misamis Oriental

Fri, 22 Nov 2024 14:42:01 +0000

The Energy Regulatory Commission (ERC) gave the National Grid Corp. of the Philippines (NGCP) a go signal to implement the P2.34-billion transmission project in Misamis Oriental. According to the regulatory agency, grid operator NGCP is given until Jan. 31, 2025 to complete the transmission project which, according to ERC chair Monalisa Dimalanta, is 85 percent

Singapore hikes 2024 outlook after topping third-quarter forecasts

Fri, 22 Nov 2024 14:15:11 +0000

Singapore, Singapore — Singapore said Friday its economy grew more than expected in the third quarter and raised its forecast for the year thanks to stronger demand from key trading partners. The trade ministry said it saw expansion of “around 3.5 percent” in 2024, above the upper end of the government’s previous estimate of 2.0-3.0

BSP eyes expanded rules on cross-selling

Fri, 22 Nov 2024 13:42:53 +0000

The Bangko Sentral ng Pilipinas (BSP) is proposing guidelines that banks belonging to financial conglomerates must follow when cross-selling products from related providers, ensuring that consumers are well-protected from investment risks and misleading product information. The BSP is collecting comments from stakeholders on a draft circular that will amend parts of the manual of regulations

BancNet glitch affects GCash fund transfers; refunds vowed in 24-48 hours

Fri, 22 Nov 2024 13:11:44 +0000

Updated on November 22, 2024 at 4:31 p.m. Just days after issues of unauthorized deductions from the accounts of its users, popular e-wallet platform GCash again experienced another error. On Friday afternoon, the Ayala-backed company announced its bank transfer feature via BancNet was having issues, although the cause is still unclear. In an advisory issued

Strauss sells 50% Sabra dips stake to PepsiCo

Fri, 22 Nov 2024 12:48:52 +0000

PepsiCo will pay $244 million to fully own the Sabra and Obela brands, which have the largest market share of refrigerated fresh hummus in the US.

Most Asian markets track Wall St gains, bitcoin closes on $100,000

Fri, 22 Nov 2024 12:32:40 +0000

Hong Kong, China — Most Asian markets gained Friday after a bounce on Wall Street, while bitcoin continued its march higher to move within touching distance of the $100,000 mark. Rising geopolitical tensions tempered the atmosphere and pushed oil higher after Russia hit Ukraine with a new-generation intermediate-range missile and sent a warning to the

DOF, JP Morgan explore potential areas of collaboration

Fri, 22 Nov 2024 12:03:51 +0000

MANILA, Philippines – Finance Secretary Ralph Recto recently met with senior officials of JP Morgan to explore potential areas of collaboration and initiatives in the Philippine capital market. In a social media post on Thursday, the Department of Finance (DOF) said the meeting was held at the DOF head office in Manila on Nov. 18.

Trudeau to cut sales tax, send checks to millions of Canadians

Fri, 22 Nov 2024 11:07:10 +0000

HALIFAX, Nova Scotia — Canadian Prime Minister Justin Trudeau ‘s government announced plans Thursday to temporarily lift the federal sales tax off a number of items and send checks to millions of Canadians who are dealing with rising costs and as a federal election looms. The measures come as a cost of living crisis has

Powerhouse Canada trade mission coming to PH in December

Fri, 22 Nov 2024 10:39:50 +0000

MANILA, Philippines – Canada is sending its largest trade mission to Manila to help Canadian exporters and innovators position themselves in the Philippine market, the Canadian Embassy in Manila said Thursday. The mission, which will be in Manila Dec. 4 to 6, is composed of at least 300 delegates to be led by Canadian Minister

Cutting in line? American Airlines’ new boarding tech might stop you

Fri, 22 Nov 2024 10:12:45 +0000

NEW YORK — Sneaking a little ahead of line to get on that plane faster? American Airlines might stop you. In an apparent effort to reduce the headaches caused by airport line cutting, American has rolled out boarding technology that alerts gate agents with an audible sound if a passenger tries to scan a ticket

27-MW solar plant in Bohol begins operations

Fri, 22 Nov 2024 09:53:45 +0000

PetroEnergy Resources Corp. (PERC) of the Yuchengco Group has switched on the 27-megawatt Dagohoy Solar Power Project in Bohol, the province’s first utility-scale solar power plant. A project of Dagohoy Green Energy Corp., one of the four purpose vehicles under PERC unit Rizal Green Energy Corp. (RGEC), the solar facility is situated in barangays San

China to restart visa-free travel for Japanese nationals

Fri, 22 Nov 2024 09:36:42 +0000

What is in that letter about credit monitoring you get after a data breach?

Fri, 22 Nov 2024 09:18:37 +0000

When a company gets hacked and your customer data is compromised, you often get a letter offering credit monitoring. What exactly are you signing up for if you opt in for that?

Japan inflation eases to 2.3% in October — official data

Fri, 22 Nov 2024 09:13:09 +0000

Tokyo, Japan — Japanese inflation slowed slightly in October with prices up 2.3 percent on-year, official data showed Friday, as the government readies a huge economic stimulus package. The core Consumer Price Index (CPI), which excludes volatile fresh food prices, was down from 2.4 percent in September and 2.8 percent in August. But it stayed

Will the Canadian dollar slip below 70 cents US?

Fri, 22 Nov 2024 09:00:00 +0000

The Canadian dollar has slipped to its lowest level in five years. Outside of the depths of the COVID pandemic, the loonie is weaker than it's been since 2015.

South Africa central bank cuts interest rate to 7.75%

Fri, 22 Nov 2024 08:39:15 +0000

Johannesburg, South Africa — South Africa’s central bank on Thursday cut its benchmark interest rate by 25 basis points to 7.75 percent, adopting caution amid mixed data and global uncertainty. It follows a fall in inflation in October to 2.8 percent, its lowest level since June 2020 during the Covid-19 pandemic. Inflation appears well contained

45 New F&O Stocks May Shake Up Nifty, Sensex

Fri, 22 Nov 2024 08:24:22 +0000

Among the new entries, the largest by market capitalisation are LIC, Avenue Supermarts (DMart), Adani Green Energy, Zomato and Jio Financial Services.

Ireland’s largest private landlord sells dozens of properties as part of restructuring

Fri, 22 Nov 2024 08:13:03 +0000

Ires Reit said it has completed the disposal of 37 properties as part of its target of 315 identified in a strategic review

Global stocks mostly cheer Nvidia results as bitcoin gains

Fri, 22 Nov 2024 08:09:17 +0000

New York, United States — Global stocks mostly rose Thursday following strong earnings from artificial intelligence leader Nvidia as bitcoin prices zoomed near $100,000 and oil prices rose. Nvidia itself had a volatile day, finishing modestly higher after several reversals. The chip company reported a whopping $19 billion in profits, although investors wondered if its

Indian billionaire Gautam Adani charged: 5 things to know

Fri, 22 Nov 2024 08:07:32 +0000

Japanese seafood processor opens $13m Vietnam plant

Fri, 22 Nov 2024 08:07:32 +0000

Bidders circle Nicheliving assets

Fri, 22 Nov 2024 08:02:24 +0000

Suitors have entered the data room for more than a dozen property developments of embattled builder Nicheliving, as administrators look to sell-off assets.

The most expensive banana in the world and other indicators

Fri, 22 Nov 2024 08:00:18 +0000

We are back with a pricey Indicators of the Week. Today, we're digging into why it's so hard to get price information from funeral providers, how much a single banana could possibly cost, and just how much richer Elon Musk has become since Donald Trump's election win.

Related episodes:
Why is everyone talking about Musk's money? (Apple / Spotify)
Artists vs. AI (Apple / Spotify)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

(Image credit: Keta Betancur)

Civil war economy hits Myanmar garment workers

Fri, 22 Nov 2024 07:56:31 +0000

Yangon, Myanmar — As civil war pounds Myanmar’s economy and drives up prices, garment worker Wai Wai often starts her shift making clothes for international brands on an empty stomach. The orders she and thousands of others churn out for big names including Adidas, H&M and others bring in billions of dollars in export earnings

Tariff impact: Reliance Jio lost 7.96 mn users in Sep

Fri, 22 Nov 2024 07:46:00 +0000

Reliance Jio's major subscriber losses continued for the third straight month with 7.96 million users leaving the telecom operator in September, even as the state-owned BSNL stood out as the lone gainer, data from the Telecom Regulatory Authority of India (Trai) showed on Thursday.Market leader Jio's subscriber loss has continued since July when the three private telecom operators - Jio, Bharti Airtel, and Vodafone Idea (Vi) - brought in a broad-based hike in tariffs.

At Close of Business podcast November 22 2024

Fri, 22 Nov 2024 07:45:10 +0000

Nadia Budihardjo and Justin Fris discuss a niche Perth pilates studio's chance to make it in the US.

Govt architect calls out housing failures

Fri, 22 Nov 2024 07:38:39 +0000

Emma Williamson has spoken candidly about some of Perth’s housing failures, while weighing in on Donald Trump’s re-election.

Mark My Words November 22 2024

Fri, 22 Nov 2024 07:35:03 +0000

Mark Beyer and Mark Pownall discuss Ellison and MinRes; Goyder at Perron; McGowan at Frontier; Pilbara's water supply; sovereign risk in Africa; wind farms; retail trade; and a mag preview.

Duratec targets more growth in FY25

Fri, 22 Nov 2024 07:25:52 +0000

Wangara-based contractor Duratec Australia has its sights set on further growth during the 2025 financial year, following the release of its annual guidance on Friday.

Doctor to run as Cottesloe candidate

Fri, 22 Nov 2024 07:22:46 +0000

A new contender has entered the race for the Cottesloe electorate, a traditionally Liberal seat many of the state’s movers and shakers call home.

Australian shares hit record territory again

Fri, 22 Nov 2024 07:18:47 +0000

The ASX200 rose 0.9 per cent to record its highest ever close, with every sector except technology gaining ground.

Contractor fined over tyre explosion injury

Fri, 22 Nov 2024 07:13:09 +0000

Perth contractor K19 Mining has been fined hundreds of thousands of dollars after a worker was injured during a road-train tyre explosion near the Beyondie potash project.

Hancock enters MinRes’ $850m gas plan

Fri, 22 Nov 2024 07:00:00 +0000

Hancock Prospecting will take over some of Mineral Resources' negotiations in the $850 million Lockyer gas project, following the $1.1 billion deal between the companies.

Walshe appointed MD at MTM

Fri, 22 Nov 2024 07:00:00 +0000

Shares in MTM Critical Minerals closed trade on Friday up 7 per cent to 7.3 cents, following news chief executive Michael Walshe would assume managing director duties.

Ola Electric may lay off 500 staffers in major rejig

Fri, 22 Nov 2024 06:57:54 +0000

Ola Electric is conducting an restructuring exercise which is expected to affect over 500 employees across various roles within the organisation, according to sources.This would be over 12 per cent of staff at the firm which has about 4,000 people."This is a restructuring exercise ongoing for the last few months and is expected to conclude by next month," said a person familiar with the development.

'Uncertainty related to inflation has not gone'

Fri, 22 Nov 2024 06:35:54 +0000

'In addition, we have geopolitics and politics and all the other things that will affect commodity prices.'

Nissan to restructure Thai operations, affecting 1,000 workers

Fri, 22 Nov 2024 06:34:52 +0000

Vedanta slumps 15%: Is it a good entry point?

Fri, 22 Nov 2024 06:21:35 +0000

After climbing to a record high of Rs 523 on September 30, shares of commodity major Vedanta have come off over 15 per cent amid a fall in the overall markets.The Anil Agarwal-led firm's latest slump comes after its stock price doubled over the past one year.Is it a blip or a trend reversal?

Can power-hungry data centres help our green energy targets?

Fri, 22 Nov 2024 06:17:43 +0000

The best news, analysis and comment from The Irish Times business desk

Irish shoppers losing interest and trust in Black Friday sales