Business World

The peso vis-à-vis the US dollar steadied further and appreciated to P53.68 on Friday, Feb. 3, after breaching the P53 range the day before. The local currency opened weaker at P53.93 versus Thursday’s P53.845 while its strongest rate was at P53.63 on Friday. Based on Bankers Association of the Philippines …

Pag-IBIG Fund members collectively saved nearly P80 billion in 2022, setting yet another record for the highest amount saved by members with the agency in a single year, its top officials said. In 2022, the amount collectively saved by Pag-IBIG members totaled P79.9 billion – the highest in the agency’s …

Canada's egg industry appears to be quietly sidestepping widespread shortages and wildly spiking prices affecting other countries, and some say supply management is to thank. Prices increased less in Canada, but they were high to begin with Canada's egg industry appears to be quietly sidestepping widespread shortages and wildly spiking …

The peso regained lost grounds on Thursday, Feb. 2, to close at P53.845 vis-à-vis the US dollar, and touching the P53-level for the first time since June 2022. The stronger local currency took the hint from the US Federal Reserve’s more modest 0.25 basis point rate hike overnight, which will …

Globe Telecom Inc., together with Eastern Communications and Japan-affiliated telco InfiniVAN Inc, commissioned NTT World Engineering Marine Corp. (NTT WE Marine) for the last leg of the $150-million Philippine Domestic Submarine Cable Network (PDSCN) project. NTT WE Marine will land and lay cables in the project’s nine remaining segments covering …

Fiber Infrastructure and Network Services Inc. (FINSI), a subsidiary of the Asticom Group, has stepped up its fiber rollout, deploying more than 133,400 lines in 15 months, the company announced Thursday, February 2. As of year-end 2022, the rollout has brought high-speed internet access in Metro Manila and Southern Luzon, …

AirAsia Philippines this Wednesday, Feb. 1, opened its Tokyo via Narita route, with an 84 percent load factor on its maiden flight. The flight took off from the NAIA Terminal 3 at 4:15 am and arrived at Narita International Airport at 9:45 am (Japan Standard Time). Its return flight departed …

A jury has cleared Elon Musk of wrongdoing for 2018 tweets in which he declared he had financing to take Tesla private. Jury deliberated whether tweet artificially inflated automaker's share price A U.S. jury has cleared Elon Musk of wrongdoing for 2018 tweets in which he declared he had financing …

The U.S. economy added more than half a million jobs in January, an astonishing number that pushed the jobless rate down to its lowest level in half a century. Jobless rate shrinks to 3.4% The U.S. economy added more than half a million jobs in January, an astonishing number that …

Several well-known frozen food brands, including Delissio pizza, will disappear from Canadian stores over the next six months as Nestlé shifts its focus to other products. Stouffer's, Lean Cuisine among other frozen food brands set to disappear from stores over next 6 months Nestlé Canada says it is winding down …