Business

MPIC chairman Manuel Pangilinan  Metro Pacific Investments Corp. said Tuesday it is keen on acquiring the 35-percent stake of Ayala Corp. in Light Rail Manila Corp. (LRMC), the private operator of Light Rail Transit (LRT) Line 1. “I think in principle, we are [interested] for a number of reasons. One …

Statistics Canada says survey results over the last few years show renters are more prone to reporting a lower quality of life than homeowners, especially in Vancouver and Toronto.  Renters also more likely to report loneliness, Statistics Canada notes. Renters are more likely to report a lower quality of life …

The Philippine Stock Exchange index climbed by 0.82 percent or 56.05 points to finish at 6,854.66. (AFP / File)  MANILA, Philippines — The stock market ended a brief two-day bleeding as it made its way back to the 6,800 territory. The Philippine Stock Exchange index climbed by 0.82 percent or …

Canadians can begin filing their income tax returns online as of Monday, with several changes in store for the 2024 tax filing season.  Taxpayers can enter FHSA deductions, but expect changes to home office claims. Here are some changes to expect when filing your 2023 taxes Feb. 19 is the …

Led by the Department of Transportation (DOTr), the Philippine delegation will hold a series of talks with aviation investors from around the globe beginning today, Feb. 20, at the Singapore Airshow 2024. (STAR / File)  MANILA, Philippines — The Philippines will pitch Clark International Airport as the next Asian hub …

The union representing more than 9,000 workers at Canada’s two biggest railways says public safety is at stake as contract negotiations ground to a halt this month, with a potential strike on the horizon.  Labour minister asked to appoint a conciliator for bargaining process. The union representing more than 9,000 …

The Philippine Economic Zone Authority (PEZA) recorded P12.1 billion investments in the first two months of 2024, which is 19 percent higher than P10.2 billion logged in the same period last year. In January and February, the agency approved P2.21 billion and P10.9 billion investments respectively. “The significant upswing in …

An employee wearing a face mask stands next to a screen displaying characters from the Nintendo video game Super Mario at a store for Japanese games giant Nintendo in Tokyo on February 3, 2022. Nintendo and Sony have a lot riding on two new releases on October 20, 2023, “Marvel’s …

The Ayala Group will reduce its capex guidance by around 10 percent in 2024, from P264 billion in 2023, marking the second consecutive year it will reduce its consolidated budget.  MANILA, Philippines — The Ayala Group is slashing its capital expenditures for the second year in a row, as its …

Analysts remain bullish on Philippine Stock Exchange trading this week despite the selling pressures as the benchmark index attempts to reach the 7,000 level.  Philstocks Financial Inc. research head Japeth Tantiangco said while the index rallied for four straight weeks, leaving the market susceptible to profit-taking, investors would look for …