BREAKING NEWS: Business (2)

Argentina’s Milei praises Trump plan for reciprocal tariffs

Mon, 24 Feb 2025 09:21:30 +0000

Washington, United States — Argentine President Javier Milei met with Donald Trump on the sidelines of a gathering of US conservatives Saturday, where he praised his American counterpart’s reciprocal tariffs plans that have shocked trading partners. Addressing the yearly Conservative Political Action Conference (CPAC) near Washington, the ultra-libertarian president often echoed Trump’s positions as he

UK to invest £200 million in site of oil refinery closure

Mon, 24 Feb 2025 09:08:52 +0000

London, United Kingdom — The UK government on Sunday announced a £200 million ($250 million) investment for the site of Scotland’s only oil refinery, set to close this year. Prime Minister Keir Starmer said the government would invest in “new opportunities” at Grangemouth in central Scotland to “ensure the long-term future of the industrial site”.

BDO 2024 income reaches P82 billion

Mon, 24 Feb 2025 08:27:04 +0000

MANILA, Philippines — Strength across its core businesses buoyed the 2024 earnings of Sy family-led BDO Unibank Inc. by 12 percent to P82 billion. In a stock exchange filing on Monday, BDO, the country’s largest lender, said its customer loans climbed by 13 percent to P3.2 trillion, driven by growth in all segments. READ: BDO

Niger launches copper mine to spur its mineral ambitions

Mon, 24 Feb 2025 07:54:28 +0000

Niamey, Niger — Niger on Sunday announced the imminent start of copper mining in its desert north as the country seeks to diversify its exploitation of raw materials. Niger, which is already a major producer of uranium, has granted a permit to national firm Compagnie Miniere de l’Air (Cominair SA) in the Agadez region, according

RRR cut to give BSP space to defer next easing

Mon, 24 Feb 2025 02:10:20 +0000

The fresh cut to the cash requirements of banks next month could give the Bangko Sentral ng Pilipinas (BSP) enough space to delay its next rate cut and match the slow pace of monetary policy easing in the United States, analysts said. This is because unlike a policy rate reduction, the liquidity injection from the

BIZ BUZZ: Dizon’s duty calls

Mon, 24 Feb 2025 02:09:20 +0000

When the country’s new transport chief was called to serve the public, he immediately said yes. Vivencio Dizon, who was just sworn into office last week, replaced Jaime Bautista, who stepped down to focus on his health. He did say, however, in a press briefing last week that “it was a difficult decision.” The newly

BSP to regulate digital financial shops

Mon, 24 Feb 2025 02:08:22 +0000

The Bangko Sentral ng Pilipinas (BSP) wants banks and electronic money (e-money) issuers to follow a set of regulations when creating a one-stop digital marketplace for financial products and services, in a bid to ensure consumer protection and risk management. The BSP is collecting feedback from stakeholders on a draft circular that would set the

Rules on VAT exemption, zero rating for exporters out next month

Mon, 24 Feb 2025 02:07:22 +0000

The Export Marketing Bureau (EMB) of the Department of Trade and Industry plans to release a new set of procedures for local exporters seeking value-added tax (VAT) exemption and zero rating by next month. “We are targeting to finalize the issuances and implement the certification process by the second half of March,” EMB Director Bianca

‘Green lane’ investment pipeline hits P4.6T

Mon, 24 Feb 2025 02:06:21 +0000

The Board of Investments (BOI) of the Department of Trade and Industry has tallied P4.61 trillion worth of investments under the “green lane” priority program, a roster that now spans 184 projects. Bobby Fondevilla, executive director of the BOI investment assistance center, said the list included investments registered as of Feb. 18 this year. “Our

SMC power firm lines up 4,000 MW of projects

Mon, 24 Feb 2025 02:05:21 +0000

The energy subsidiary of tycoon Ramon Ang’s San Miguel Corp. (SMC) is pursuing various projects in different stages of development and with generating a capacity totaling about 4,000 megawatts (MW) to further build up its portfolio, including renewable energy facilities. San Miguel Global Power (SMGP) disclosed recently that its subsidiary Mariveles Power Generation Corp. was

Ayala cancer hospital keeps 10,000-patient goal

Mon, 24 Feb 2025 02:04:20 +0000

More than a year since opening its doors, the Ayala Group’s Healthway Cancer Care Hospital (HCCH) is keeping its target of caring for 10,000 patients this year despite missing their goal in 2024. Paolo Borromeo, president and CEO of Ayala Healthcare Holdings Inc., told reporters last week that HCCH, the country’s first cancer specialty hospital,

Viber eyes more services for PH

Mon, 24 Feb 2025 02:03:20 +0000

Filipino entrepreneurs and brands have gotten accustomed to reaching out to their customers via Viber, which has been expanding its suite of services apart from messaging in the age of super apps. Rakuten Viber senior director for sales and partnerships Noa Bar Shay, in an event in Taguig last week, said the customer engagement in

Say ‘no’ to the good to say ‘yes’ to the great

Mon, 24 Feb 2025 02:02:22 +0000

I see this again and again: Most business owner-operators are doing “too much.” Not enough focus. They think they gain by doing a lot of different things, expand here, diversify there, because they are not aware of the most important principle of all: focus. Focus brings clarity. Clarity breeds execution. A confused mind cannot execute.

Tatak Pinoy: The road to industrial transformation

Mon, 24 Feb 2025 02:01:22 +0000

About a year ago, on Feb. 26, 2024, a historic piece of legislation was signed into law: the Tatak Pinoy Act or Republic Act No. 11981. This landmark act represents not just a policy shift but a bold assertion of the Philippines’ aspiration to become a globally competitive industrialized nation. It is a commitment to

Thai crackdown on Myanmar scam centers blights cross-border trade

Mon, 24 Feb 2025 01:19:14 +0000

China EV makers beyond BYD find road to profitability

Mon, 24 Feb 2025 01:19:14 +0000

Timber builds on a global stage

Mon, 24 Feb 2025 01:01:33 +0000

A Copenhagen-based architecture firm is highlighting the benefits of mass timber construction.

WiseTech shares plunge as directors, chair quit over Richard White

Mon, 24 Feb 2025 00:41:07 +0000

Shares in WiseTech Global have plunged on news four board directors, including the chair, have quit due to a dispute about the ongoing role of founder, billionaire Richard White.

Bangchak to make tender for Esso shares

Mon, 24 Feb 2025 00:15:00 +0000

Energy conglomerate Bangchak Corporation Plc (BCP) is restructuring its business for greater operational flexibility by making a tender offer to acquire all remaining shares in Esso Thailand, which was previously taken over by Bangchak and renamed Bangchak Sriracha Plc (BSRC).

Irish companies unprepared for new EU sustainability rules

Mon, 24 Feb 2025 00:00:00 +0000

Omnibus legislation published this week will reportedly look to water down the new standards to boost Europe’s economy

Welcome Change story2

Mon, 24 Feb 2025 00:00:00 +0000

Leveraging information to drive digital transformation and address management challenges.

NIB keeps guidance despite half-year profit hit

Sun, 23 Feb 2025 23:52:52 +0000

NIB Holdings boss Ed Close is confident the private health insurer will finish the 2025 financial year strongly, despite its profits taking a hit during the first half.

Examining The Economist’s circulation

Sun, 23 Feb 2025 23:38:06 +0000

Charlotte Tobitt of Press Gazette takes a look at the recent circulation results of The Economist. Tobitt writes, “The Economist is the biggest ABC-audited news and current affairs title overall, with a global digital circulation of 970,074 (down 2%) and in print of 442,957 (down 10%). Its digital circulation does not include ‘all you can read’ sales as […]

Friedrich Merz set to lead Germany after CDU-CSU election win

Sun, 23 Feb 2025 23:22:03 +0000

Shoring up the auto sector

Sun, 23 Feb 2025 23:10:00 +0000

The recent announcement by the Board of Investment (BoI) that Nissan Motor Thailand will maintain its investment here, following news reports that the parent company plans to close three factories overseas, is reflective of changes in the Thai automotive industry.

Morning Headlines

Sun, 23 Feb 2025 22:40:11 +0000

Coalition extends poll lead The Coalition has opened up a 52 per cent to 48 per cent lead over Labor, its biggest since the last election and one that significantly increases Opposition Leader Peter Dutton’s prospects of forming a minority government. The Fin

Labor touts $387m battery scheme

Sun, 23 Feb 2025 22:30:00 +0000

West Australians could be offered rebates of up to $7500 to install batteries in their households under a WA Labor election commitment unveiled by Roger Cook yesterday.

China penny-pinchers produce new stock market winners as deflation woes persist

Sun, 23 Feb 2025 22:17:55 +0000

Trump's reckless foreign policy gambit will backfire

Sun, 23 Feb 2025 22:17:55 +0000

Sounds delicious: Japan snack makers toy with senses beyond taste

Sun, 23 Feb 2025 22:17:54 +0000

Phuket eyes B500bn in revenue for 2025

Sun, 23 Feb 2025 22:07:00 +0000

Phuket expects to achieve 500 billion baht in tourism revenue this year, said Sophon Suwannarat, the island's provincial governor.

Hospitals cope with loss of Kuwaitis

Sun, 23 Feb 2025 22:00:00 +0000

The co-payment requirement slated to take effect on March 20 poses a short-term challenge to Thai private hospitals as international revenue is already crimped by the absence of Kuwaiti patients and slower growth from other high-margin Middle Eastern countries.

Trump's tariffs could provide an upside

Sun, 23 Feb 2025 21:45:00 +0000

The Thai automotive industry, which has been plagued by weak demand for new vehicles, should improve in the second half of 2025 thanks to US President Donald Trump's plan to introduce new auto tariffs, says Naruedom Mujjalinkool, an analyst with Krungsri Securities (KSS).

Tiny uptick gauged for small appliances

Sun, 23 Feb 2025 21:30:00 +0000

The market for small electrical appliances is expected to post modest growth this year, according to Thai City Electric Co Ltd (TCE), the manufacturer and distributor of Sharp home appliances.

World Bank upbeat on poverty reduction outlook

Sun, 23 Feb 2025 21:30:00 +0000

The World Bank expects Thailand's poverty rate to continue declining this year, supported by ongoing economic recovery and the government's cash transfer programmes.

Nok Air to cut Chinese flights amid moribund market

Sun, 23 Feb 2025 21:30:00 +0000

To offset sluggish growth in the Chinese market this year, Nok Air plans to reduce traffic to the mainland and compensate with flights to India as well as new destinations such as Japan, Taiwan and Singapore.

Bangkok's unhealthy trash diet

Sun, 23 Feb 2025 21:30:00 +0000

Bangkok is grappling with significant challenges in waste management, as food makes up nearly half of the garbage generated in the city.

Live: ASX falls after Wall Street's worst session of the year

Sun, 23 Feb 2025 20:13:16 +0000

The ASX follows Wall Street's lead lower as concerns mount about the US economy. WiseTech shares fall as turmoil continues as directors quit the board. Follow live.

The new American political revolution and what it means for Australia

Sun, 23 Feb 2025 19:37:07 +0000

The challenge presented to Australia by the second Trump presidency is about more than foreign policy and defence, and the end game is unpredictable.

Australia's leading minds propose their solutions to the rental problem

Sun, 23 Feb 2025 19:17:47 +0000

An increase in government assistance, better relationships between tenants and landlords and bolstered housing stocks are just some of the solutions Australia's leading housing experts have offered to solve the country's rental crisis.

Trump wants to end diversity quotas. Investors say Australia needs more

Sun, 23 Feb 2025 18:45:34 +0000

Data shows just 2 per cent of total capital raised in Australia in 2024 went to all-female founded teams in 2024. Some of Australia's leading entrepreneurs and investors think Australia should ignore Donald Trump and instead follow California's lead to make diversity reporting mandatory.

As AI kicks in graduates in Israel struggle to find tech jobs

Sun, 23 Feb 2025 18:21:00 +0000

Tech companies have cut back on hiring juniors, as AI is already quicker, cheaper and more accurate in writing code, than computer science graduates.

Bird flu: Almost 16,000 birds to be slaughtered after second outbreak in Tyrone

Sun, 23 Feb 2025 18:14:04 +0000

Temporary control zones have been established and all poultry at site will be ‘humanely culled’

Alexander named Bloomberg team leader for metals and mining

Sun, 23 Feb 2025 17:56:16 +0000

Doug Alexander has been named team leader for metals and mining in the Americas for Bloomberg News. He has been on the company’s agriculture and metals team in Toronto as an editor. Alexander previously spent 14 year covering Canadian financial services. Prior to joining Bloomberg, Alexander was a reporter at The Vancouver Sun working on the business and city […]

Ishiba's approval rating slides to lowest despite Trump meeting

Sun, 23 Feb 2025 16:17:44 +0000

New Look stores open for final sale in Ireland

Sun, 23 Feb 2025 15:40:47 +0000

The UK fashion outlet, which first opened here in 2003, employs 347 staff nationwide and is winding down its Irish operations following years of sustained losses.

Sun: TASE opens week lower in wake of Wall Street

Sun, 23 Feb 2025 15:21:29 +0000

Camtek and Teva led the declines but NICE Systems bucked the market after last week's heavy losses.

Stormzy responds to ‘twisted narrative’ over McDonald’s collaboration

Sun, 23 Feb 2025 15:12:37 +0000

The Stormzy meal comprises nine chicken McNuggets, fries, Sprite, and an Oreo McFlurry.

Buffett seeks to reassure shareholders over record cash pile

Sun, 23 Feb 2025 15:02:04 +0000

Billionaire investor trimmed equity portfolio and put money in Treasury bills

How the markets will fare this week

Sun, 23 Feb 2025 14:48:42 +0000

Global trends, trading activity of foreign investors and news flow on tariffs are expected to influence movement in the equity market in a holiday-shortened week ahead, analysts said.Equity markets would remain closed on Wednesday for 'Mahashivratri'.