China e-commerce giant Alibaba’s film unit investigating suspected accounting problems

HONG KONG—The recently acquired film unit of Chinese e-commerce giant Alibaba said Friday that a review has uncovered possible accounting irregularities. The disclosure by Alibaba Pictures...

New Brunswick Liberals promise tax changes, richest would get new rate

FREDERICTON—The New Brunswick Liberals say if elected next month, they would boost revenue by $63 million a year by rescinding a business tax break and increasing...

Property consultants say: office space supply to hit new record high

MANILA – Property consultancy firm Colliers International Philippines said that due to the high demand from the business process outsourcing (BPO) sector, supply of new office...

Berlin taxi drivers celebrate after city bans ridesharing service Uber over safety fears

BERLIN—Berlin taxi drivers were celebrating Thursday after authorities banned the ridesharing service Uber from operating in the city because of safety concerns. In a decree Wednesday,...

Online retail growing fast in India while big box rivals lose way in maze of restrictions

China Mobile first half profit falls 8.5 per cent amid heavy spending to roll out 4G service

BEIJING—China Mobile Ltd., the world’s biggest phone carrier by number of subscribers, said Thursday its first-half profit fell 8.5 per cent as the company rolled out...

Rate hike – no effect to PH capital flow

MANILA — The Bangko Sentral ng Pilipinas (BSP) recently announced that the implementation of rate hike failed to boost the capital entering the country. In an...

Exports rise to 21% in June

MANILA – The country’s exports increased with the fastest rate than any other major Asian economy for the month or June. “Export gains are broad-based, as...

Truckers, customs brokers protest in Manila

MANILA, Philippines –Members of the Alyansa ng Truckers at mga Organisasyon sa mga Puerto (ATOP), a gorup of truckers and Customs brokers, rallied in front of...

‘Anomalous’ poverty program, opposed by solons

Representatives Luz Ilagan and Emmi de Jesus, both with the Gabriela Party-list, strongly decried the increase in allocations towards the “anomalous” Pantawid Pamilyang Pilipino Program (4Ps),...