Early 2025: Digital services VAT to hit Filipino wallets
Downward Philippine inflation in the near term would be slightly offset by the new law imposing 12-percent value added tax (VAT) on digital services, Singapore-based United Overseas Bank (UOB) said. In an Oct. 4 report, UOB senior economist Julia Goh and
Weak consumer demand casts shadow over Philippine growth
The drop in Philippine inflation reflects weaker demand as consumers' pockets hurt by high prices and interest rates dry up, according to Deutsche Bank Research. Citing the over four-year low headline rate, Deutsche Bank's economist for the Philippines Junjie
Filipino duo aims to break tech giants' data monopoly
By DERCO ROSAL Data powers artificial intelligence (AI), allowing it to learn and make decisions. However, as AI progresses, getting access to data is becoming harder. Alarmingly, only a few big tech companies now control much of the data, keeping it within
Humans are not resources, so why do we pretend they are?
The unholy marriage of human and resources is a forlorn attempt by management to think of their humans as resources, which is a misguided approach, ...
Ghana Water Limited reports reduced water turbidity, increased production in Central Region
The Ghana Water Limited (GWL) has significantly improved water quality at the Sekyere Hemang Water Treatment Plant in the Central Region. This has brought the average turbidity of water down to
U.S. port strike throws spotlight on big union foe: automation
Companies view automation as a path to better profit while unions see it as a job-killer. ...
EU tests its mettle to take on China with new EV tariff fight
The EU voted on Friday to boost tariffs as high as 45%, arguing that Beijing provides unfair subsidies to its carmakers. ...
Stellantis Sues UAW Over Strike Threats, Alleges Contract Violation
Stellantis, the parent company of Chrysler, has filed a federal lawsuit against the United Auto Workers (UAW), accusing the union
10 EU states green-light additional hefty tariffs on Chinese EVs
BRUSSELS: EU countries gave a definitive green light on Friday to hefty additional tariffs on electric cars made in China, despite strong German opposition and fears it will trigger a trade war with Beijing. The European Commission — which provisionally
Stocks settle above 83,500 for first time
KARACHI: Shrugging off mounting political tensions and internet disruptions across the country amid PTI protest in the federal capital, the stock market extended its winning streak for the fourth consecutive session on cherry-picking, propelling the benchmark
Four firms to take over passenger train operations
LAHORE: Four private firms are set to take over the commercial operation of various passenger trains after their financial bids exceeded the revenue benchmark set by Pakistan Railways (PR). Following the opening of financial bids on Friday, seven companies
Global food prices rise at fastest rate since 2022
PARIS: Global food prices rose in September at their fastest rate since March 2022, with sugar prices surging as dry weather and fires
Weekly inflation rises 13.2pc
ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), rose 13.18 per cent in the week ending October 3 owing to an increase in the prices of perishable vegetables. The SPI-based inflation reversed to a modest increase for the second
Shamshad stresses financial literacy
KARACHI: As many as 162 investor awareness sessions were held across the country in FY24 with an objective to raise the country’s savings rate and deploy those savings into productive sectors, said Pakistan Stock Exchange (PSX) Chairperson Dr Shamshad Akhtar
Pak Leather scales back operations
KARACHI: Everything could be better, but it looks opposite to the claims of the government as one after other factories are either closing their businesses or using the option of downsizing. The government looks satisfied with the dollar arrangement for
Provincial export levies must go: PBC
KARACHI: After the Khyber Pakhtunkhwa government imposed a two per cent infrastructure cess last month, industries face another challenge as the Balochistan government has imposed up to 1.5pc cess on the export value plus one paisa per kilometre. Like the
Business cannot ‘sit on hands’ as Gaza aid needs remain
Aid for Gaza cannot stop just because a new frontline
World Bank report ranks Hong Kong among top 10 global business hubs
Hong Kong has been ranked among the top 10 economies to do business in by the World Bank Group on Thursday, a vote of confidence in the city's regulations for business entry and utility infrastructure. In the inaugural Business Ready 2024 Report covering
Musk's X pays millions in Brazil fines... to wrong account
Elon Musk's X has paid millions of dollars in fines in Brazil to settle a row with a judge who banned the platform in its biggest Latin American market over disinformation. ...
Total of 5,358 listed companies on Chinese stock market by end August: data
BEIJING, Oct. 4 (Xinhua) -- There were 5,358 companies listed on the Chinese domestic stock market by the end of August 2024, according to the China Association for Public
China urges EU to get back to right track of resolving trade disputes through consultations: commerce ministry
BEIJING, Oct. 4 (Xinhua) -- China has urged the European Commission to take concrete actions to implement its political will and get back to the right track of resolving trade frictions through consultations, said a spokesperson of the Ministry of Commerce on
Nursing home operator CareChoice blames Government as it posts €15m loss
CareChoice, one of the
Appeal by Cork firm in postcode dispute is dismissed
A Cork company that claimed it
