SM City Sto. Tomas, the fourth SM Supermalls in the province of Batangas, will finally open to the public on Oct. 27. This will be SM Prime Holdings Inc.’s 85th mall in the Philippines, spanning 110,000 square meters of gross floor area. SM City Sto. Tomas is located along Maharlika …
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Bank of Canada governor won’t say when interest rates will drop, but insists it won’t take a recession
Bank of Canada Governor Tiff Macklem says he knows Canadians feel financially squeezed by aggressive interest rate hikes, but insists doing nothing to curb inflation would have been worse While rate hikes have hurt, doing nothing to curb inflation would have been worse: Tiff Macklem The Current18:56Why Tiff Macklem won’t …
Read More »Sam Bankman-Fried testifies in front of judge, without jury, at his fraud trial
Sam Bankman-Fried, founder of the now-bankrupt cryptocurrency exchange FTX, testified in his fraud trial on Thursday without the jury present so the judge overseeing the case can first decide what portions of his testimony are admissible. Judge excuses jury while he hears Bankman-Fried's evidence, decides on admissibility Sam Bankman-Fried, founder …
Read More »Autoworkers reach a deal with Ford, a breakthrough toward ending strikes against Detroit automakers
The United Auto Workers union said Wednesday it has reached a tentative contract agreement with Ford that could be a breakthrough toward ending the nearly six-week-old strikes against Detroit automakers. The four-year deal still has to be approved by 57,000 union members The United Auto Workers union said Wednesday it …
Read More »Filinvest Land, BCDA open New Clark City innovation park
In a bid to accelerate industrial growth in Central Luzon, property developer Filinvest Land Inc. and the Bases Conversion and Development Authority (BCDA) inaugurated the Filinvest Innovation Park – New Clark City (FIP-NCC) in Capas, Tarlac. The first phase of the project was made through Filinvest-BCDA Clark Inc., a joint …
Read More »Nasdaq taps youth in expansion plan
Financial technology analytics firm Nasdaq Philippines is striving to engage with the Filipino youth as it seeks to scale up its employee base in Manila and fulfill its goal of becoming the “primary destination employer in the Philippines.” Photo by Khriscielle Yalao / MANILA BULLETIN In a press conference at …
Read More »33 U.S. states sue Facebook and Instagram owner for making social media addictive to kids
Thirty-three states, including California and New York, are suing Meta Platforms Inc. for harming young people's mental health and contributing to the youth mental health crisis by knowingly designing features on Instagram and Facebook that cause children to be addicted to its platforms. Lawsuit alleges Meta has features aimed at …
Read More »First window, then middle, then aisle? United Airlines launches new boarding system
United Airlines will start boarding passengers in economy class with window seats first starting next week, a move designed to reduce the time planes spend sitting on the ground. The airline said in an internal memo that it will implement the plan on Oct. 26. Known as WILMA, airline says …
Read More »What to know about the St. Lawrence Seaway strike
The St. Lawrence Seaway has shut down after hundreds of workers walked off the job Sunday. Here are answers to a few key questions about what's going on. Union says it's fighting for better pay to keep up with rising cost of living The St. Lawrence Seaway has shut down …
Read More »GCash provides users more protection when sending money
Digital money transfers are now an integral part of our daily transactions. However, scammers, fraudsters, and cybercriminals have devised various strategies to take advantage of users and exploit the cashless economy. In addition to utilizing top-notch cybersecurity systems, the Philippines’ #1 finance super app, GCash, has added another layer of …
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