MANILA, Philippines — The government is working on an industry roadmap for the local fashion and textile sectors that will identify current-day challenges and opportunities, as well as set the policy direction for these industries. The...
MANILA, Philippines — Bakery chain Balai Ni Fruitas Inc. has acquired legacy brand Sugarhouse, allowing the company of businessman Lester Yu to diversify its product offerings to include cakes. In a stock exchange filing on Thursday,...
WASHINGTON, United States — The World Bank has significantly scaled up its ambition to connect Africans to the electricity grid by 2030, from 100 million to more than 250 million, the Bank’s president said Wednesday. The...
WASHINGTON, United States — The international community must do more to make the world’s richest companies and individuals pay their “fair” share of taxes, Brazil and France’s finance ministers said Wednesday....
MANILA, Philippines — National Grid Corp. of the Philippines (NGCP) raised red and yellow alerts in Luzon and Visayas for the third straight day today, April 18, due to the unavailability of several power plants. In an advisory, NGCP...
MANILA, Philippines — Basic Energy Corp. firmed up its partnership with Japan’s Renova Inc. through joint development and shareholder’s pact related to the Mabini wind project, estimated to cost P4.5 billion. The agreement “heralds a...
MANILA, Philippines — Globe Telecom Inc. booked P1.3 billion more after handing over additional towers to Phil-Tower Consortium Inc. (PhilTower) as part of an earlier deal, allowing the telecommunications giant to supplement capital for...
NEW YORK, United States — Oil prices fell further Wednesday on receding worries about a bigger Israel-Iran conflict, while global stocks varied following a stream of mixed earnings. The top two global oil contracts fell more than 3...
BANGKOK — Thailand and New Zealand on Wednesday vowed to boost economic cooperation with an aim to triple two-way trade by 2045, as the New Zealand leader visited Thailand for the first time in 11 years. New Zealand Prime Minister...
WASHINGTON, United States — The path towards sustainable government debt levels around the world is under threat this year from the sheer number of elections taking place, the IMF said Wednesday in a new report. “History suggests,...
NEW YORK, United States — Tesla will ask its shareholders in June to ratify a multi-billion-dollar 2018 pay package for CEO Elon Musk that was squashed by a US court earlier this year. In an SEC filing Wednesday, the board of directors...
PITTSBURGH — President Joe Biden promised cheering, unionized steelworkers on Wednesday that his administration would block the acquisition of U.S. Steel by a Japanese company, and he called for a tripling of tariffs on Chinese steel,...
NEW YORK — Sinking technology stocks sent Wall Street lower again on Wednesday, and the S&P 500 fell to its fourth straight loss. The index dipped 29.20 points, or 0.6 percent, to 5,022.21 for its longest losing streak since early...
Elon Musk will meet Modi on Monday during his India trip, when the billionaire is expected to unveil his plans to enter the world#39;s third-largest auto market where electric car adoption is still in its infancy.
With the rush of growth after the pandemic slowing down, many leaders are moving to firms that may be smaller but are growing much faster and have the headroom to grow.
Spartan Resources has announced it will raise $80 million to further accelerate exploration activities and development of its Dalgaranga gold project, located 475km north-east of Perth.
By 2030, the worldâs data centers are on course to use more electricity than India, the worldâs most populous country, Haas said. Finding ways to head off that projected tripling of energy use is paramount if artificial intelligence...
MANILA, Philippines – The recent weakness of the peso is “not large enough” to upset inflation expectations and trigger any policy actions from the Bangko Sentral ng Pilipinas (BSP), Governor Eli Remolona Jr. said on Wednesday. At a...
MANILA, Philippines — For Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr., financial conditions are now ripe for a domestic “sukuk” bond sale. At a press conference on Monday, Remolona said the government could make a killing...
MANILA, Philippines — The Securities and Exchange Commission (SEC) has removed the minimum commission fee paid by investors to stockbrokers, a move that it said should increase market activity. Under the SEC’s April 16 memorandum...
MANILA, Philippines — The Securities and Exchange Commission (SEC) upheld its cease and desist order against MFT Group led by CEO Maria Francesca “Mica” Tan concerning its alleged illegal sale of investment contracts to the public. In a...
MANILA, Philippines — The absence of political advertisements put a strain on the earnings of media giant GMA Network Inc. last year, as former rival ABS-CBN Corp. continued to absorb the losses of its broadband and cable television...
MANILA — Philippine shares finally picked up on Wednesday as investors took advantage of lower prices, snapping the nine-session losing streak caused by escalating tensions in the Middle East. By the closing bell, the benchmark...
Aviation bodies project Thailand's passenger numbers to recover by next year, though economic uncertainties and the slow rebound of some supply chains still hamper the industry.
MANILA, Philippines — Fruitas Holdings Inc. of businessman Lester Yu has raised P200 million from the issuance of corporate notes to institutional buyers, allowing the food and beverage firm to raise more capital for its product...
(Last of three parts) In the past two weeks, we discussed the perfectionism of Jiro Ono, the founder of Sukiyabashi Jiro in Tokyo, the first sushi restaurant in the world to receive three Michelin stars, and featured in the 2011...
Copper-gold explorer Titan Minerals has inked a joint venture partnership worth more than $185 million with a Hancock Prospecting subsidiary for one of its southern Ecuador projects.
A National Public Radio editor who wrote an essay criticizing his employer for promoting liberal views resigned on Wednesday, attacking NPR's new CEO on the way out.
Thailand has developed a roadmap to become a member of the Organisation for Economic Co-operation and Development (OECD), a group of developed countries, aiming to elevate the country’s standards and broaden trade and investment...
The Revenue Department says there are significant challenges this year achieving tax collection targets because of the slowdown in economic activities, although it has identified five sectors that show promise.
Electric vehicle sales in Thailand are expected to miss the estimate of 130,000 units this year as prices are likely to keep changing, attributed to a price war among Chinese EV makers, says Hyundai Mobility Thailand, a subsidiary of the...
Major creditors have agreed to infuse fresh liquidity into cash-strapped Italian-Thai Development (ITD) Plc, to support the company's business operations without requiring a rehabilitation plan.
What's going on with consumers? This is one of the trickiest puzzles of this weird economic moment we're in. We've covered a version of this before under the term " vibecession ," but it's safe to say, the struggle is in fact real. It is...
State-run logistics provider Thailand Post is considering expanding its scope by becoming a "neutral virtual banking agent", with the aim of complementing the operations of nascent virtual banks, says chief executive Dhanant Subhadrabandhu.
When an insurance company can't cover all of its claims, it actually has its own insurance. This is called "reinsurance." How does that work and why do reinsurers look at their risk pool differently than say home or auto insurers?...
The ASX is trading higher after gains in iron ore, while the unemployment rate has risen to 3.8 per cent in March. It comes after the benchmark US share index posted its fourth straight day of losses. Follow the latest on our live...
While electric vehicles (EVs) gain in popularity as an option to replace oil-powered cars, hydrogen still holds promise as a future energy that may suit mobility technology and help reduce air pollutants, says national oil and gas...
A South Australian mining tech firm revolutionising the centuries-old method of assaying gold is working to bed down its foothold in the global gold industry.