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Covid-19 vaccine shortfalls due to confusion over FDA requirements

Workers move boxes containing the Pfizer-BioNTech Covid-19 vaccine as they are prepared to be shipped at the Pfizer Global Supply Kalamazoo manufacturing plant in Kalamazoo, Michigan on December 13, 2020. Morry Gash | AFP | Getty Images Officials with Operation Warp Speed, the U.S. government program to distribute Covid-19 vaccines to Americans, had to slash […]

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PSEi extends losing streak for third consecutive trading day

Philippine share prices retreated for the third consecutive trading session on Monday, as investors were cautious on the reported developments on the awaited stimulus bill in the United States. The local stock barometer lost 47.91 points or 0.66% to 7,224.89. The broader All Shares dropped 23.01 points or 0.53% to 4,326.34. “Philippine shares dipped out […]

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Dynabook announces Intel Evo Certification and world’s lightest 13-inch convertible

Dynabook Singapore Pte. Ltd. Today announced the availability of the Intel Evo certified Portégé X30W-J. Weighing just 989 grams, the Portégé X30W-J is the World’s Lightest 13-inch convertible with 11th Gen Intel Core Processors. As an Intel Evo certified mobile computing solution, the Portégé X30W-J meets the strict requirements for battery life, start-up time, processor, […]

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Jack Ma Makes Ant Offer to Placate Chinese Regulators

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As Jack Ma was trying to salvage his relationship with Beijing in early November, the beleaguered Chinese billionaire offered to hand over parts of his financial-technology giant, Ant Group, to the Chinese government, according to people with knowledge of the matter. “You can take any of the platforms Ant has, as long as the country […]

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[B-SIDE Podcast] Shipping news: Lessons from UPS

Follow us on Spotify BusinessWorld B-Side The disruptions caused by the coronavirus pandemic to global supply chains were unexpected.   “This has really been one of the most challenging times … in all walks of life,” said Christopher Buono, managing director of UPS Philippines, who has been in the industry for 18 years. UPS is one […]

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Ku Nan sentenced to 12 months’ jail and RM2m fine for corruption charge

KUALA LUMPUR (Dec 21): Former federal territories minister Datuk Seri Tengku Adnan Tengku Mansor has been found guilty of the RM2 million graft charge against him by the High Court here. He is sentenced to 12 months’ jail and a fine of RM2 million, or in default six months’ jail. But the High Court granted […]

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Japan endorses record $1.03 trln budget to cope with with COVID pain

TOKYO: Japan’s cabinet approved on Monday a record $1.03 trillion budget draft for the next fiscal year starting in April 2021, the Ministry of Finance said, as the coronavirus and stimulus spending puts pressure on already dire public finances. The 106.6 trillion yen ($1.03 trillion) annual budget marked a 4% rise from this year’s initial […]

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Mah Sing shareholders give nod to rubber glove venture

KUALA LUMPUR (Dec 21): Mah Sing Group Bhd’s shareholders have given the property developer the greenlight to diversify into rubber glove manufacturing through its subsidiary Mah Sing Healthcare Sdn Bhd. In a virtual extraordinary general meeting (EGM) today, Mah Sing obtained 99.9962% of votes for the diversification plan to mitigate cyclical earnings from its property development […]

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Tax court denies review of decision voiding P1-B assessment

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CTA.JUDICIARY.GOV.PH/ The Court of Tax Appeals denied for lack of merit the petition for review of the Bureau of Internal Revenue (BIR) over the ruling declaring as void the P1.05-billion tax assessment against Marketing Convergence, Inc. for 2010. In an 18-page decision dated Dec. 3, the court, sitting en banc, affirmed the January 2019 ruling […]

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Prudent fiscal management to spur economic recovery | Business

Maintaining good fundamentals through prudent fiscal management and keeping inflation rate close to the government’s lower end target of two to four percent will help spur the country’s economic recovery. The Department of Finance (DoF) disclosed this over the weekend as it noted the reversal in the current account balance to a surplus from last […]

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