Cannabis company Canopy Growth says it has found a buyer for its Biosteel sports drink business and received a court's approval to go ahead with the sale of the company. Ontario entrepreneur buys operating business, but U.S. manufacturing facilities not included Cannabis company Canopy Growth says it has found a …
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MRSGI profit drops on higher opex
Gaisano-led Metro Retail Stores Group Inc. (MRSGI) posted a 36.5 percent drop in net income to P254.6 million in the first nine months of 2023 from the P400.7 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said profit decline …
Read More »Workers at 17 No Frills stores in Ontario could strike as of Monday, union says
The union that represents thousands of grocery store workers in Ontario says 17 No Frills stores across the province could be on strike as early as Monday unless the company steps up with improved compensation and working conditions. Moves comes after workers at 27 GTA Metro stores won industry-leading contract …
Read More »JG Summit’s net earnings soar 129% on CEB’s recovery
JG Summit Holdings Inc. (JGS), the flagship of the Gokongwei Group and one of the country’s leading conglomerates, reported that its core profits flew 129 percent to P14.9 billion for the first nine months of 2023 from P6.5 billion in the same period last year due to the record performance …
Read More »Villar’s AllDay Supermarket’s profit surges 154%
Richest Filipino Manuel B. Villar’s AllDay Supermarket, the country’s leading mid-premium supermarket chain, reported a 154 percent surge in net income to P254 million in the first nine months of the year. In a disclosure to the Philippine Stock Exchange, the firm said this came on the back of a …
Read More »U.S. union workers at General Motors appear to have voted down tentative contract deal
The union hasn't posted final vote totals yet, but workers at five large factories who finished voting in the past few days have turned down the four year and eight month deal by fairly large margins. However, UAW president says the deal remains on track for approval A tentative contract …
Read More »Housing market has gone into ‘hibernation’ CREA says, with lower sales, listings and flat prices
Canada's housing market has gone into winter hibernation early this year, the group that represents realtors said Wednesday, with new data for October showing fewer sales, fewer new listings, and selling prices mostly flat. Buyer's market in Ontario and British Columbia, economist says Canada's housing market has gone into winter …
Read More »Job postings in Ontario must soon include salaries. Pay equity advocates call it a good first step
The Ontario government is bringing in new labour laws that among other changes will force employers to disclose salary information in job postings — a move employment experts say is good for job seekers and employers alike. Similar legislation already on the books in B.C and P.E.I. The Ontario government …
Read More »Joyride secures ‘super taxi’ supply from Toyota
Ride-hailing and delivery group JoyRide Philippines has partnered with GT Capital Holdings Inc. and Mitsui & Co. Ltd.’s joint venture Toyota Manila Bay Corporation (TMBC) to secure its vehicle supply for its newly-launched “Super Taxi” service. During the JoyRide Super Taxi press launch on Nov. 8, JoyRide Senior Vice President …
Read More »On mobile energy storage and the idea of creative destruction
BY EMMANUEL V. RUBIO, ABOITIZ POWER CORP. PRESIDENT AND CEO Emmanuel V. Rubio, Aboitiz Power Corp. President and CEO. We recently launched our Electric Vehicle (EV) Fleet Transformation Program, which aims for a 40% EV share of our distribution utilities fleets by 2030, enroute to full electrification by 2040. This …
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