JETTI.COM.PH INDEPENDENT OIL company Jetti Petroleum, Inc. expects to spend around P1.2 billion to establish 80 more stations to achieve its target of 300 stations by 2026, its president said. “We are embarking on completing or having available 300 stations and, initially, we’re targeting by early 2026; but, of course, we based this on our […]
Bangko Sentral ng Pilipinas main office in Manila — BW FILE PHOTO THE BANGKO SENTRAL ng Pilipinas (BSP) has amended its regulations on pawnshops’ reporting standards to improve its supervision over the sector. “The amendments set forth the Bangko Sentral’s expectations on pawnshops to establish an effective reporting system with adequate governance process that enables […]
PHILIPPINE STAR/ERNIE PENAREDONDO Every January many international and local organizations issue their outlooks for the year, including on perceived risks. I personally look out for them, since these reports give a good idea of what issues national and business leaders will be watching out for. The World Economic Forum, for one, published on Jan. 17 […]
PHILSTAR FILE PHOTO DMCI MINING Corp. expects its ore production to reach three million wet metric tons (WMT) this year, driven by the commencement of operations at two new mine sites, the company’s president said. “We’re targeting a combined annual production capacity of three million WMT from our three mines, including Zambales Diversified Metals Corp. […]
HMRC has come under renewed scrutiny after figures showed that over 44,000 callers were abruptly cut off while on hold last year, with some facing wait times of up to 70 minutes. The revelation arrives just as millions of taxpayers prepare to file their returns before the current tax year ends, sparking concerns that phone […]
Rachel Reeves has pledged a root-and-branch review of the UK’s immigration framework, including potential new visa routes for high-skilled workers in AI and life sciences, as part of a wider push to stimulate economic growth. The chancellor revealed that a white paper will be published later this year, announcing the Government’s vision for “Britain to […]
Britain’s soaring sickness bill has left policymakers and economists scratching their heads, with near-record numbers of workers absent on long-term health grounds costing the public purse more than £65.7 billion a year. Some 2.8 million people now claim incapacity and disability benefits, far above pre-pandemic levels, and the House of Lords’ economic affairs committee has […]
Rachel Reeves, the Chancellor, has signalled that economic growth must take precedence over net zero goals, creating a likely rift with Energy Secretary Ed Miliband and senior Labour figures who remain opposed to expanding the UK’s biggest airports. Speaking at the World Economic Forum in Davos, Reeves insisted that “the answer can’t always be no” […]
Meta, the parent company of Facebook, Instagram and WhatsApp, has sought to calm key advertisers following its decision to scrap third-party fact-checking in the United States. Senior executives led by Nicola Mendelsohn, Meta’s head of global business, have held a series of meetings over recent days to address concerns about brand safety and content moderation. […]
Rishi Sunak is set to embark on an academic chapter of his career after securing two high-profile posts at Oxford and Stanford universities. The former prime minister announced he will be joining the Blavatnik School of Government’s “world leaders circle” in Oxford, as well as taking up a visiting fellowship at Stanford’s Hoover Institution in […]