Uncertainty over tax rises impacting consumer spending, warns Sainsbury’s boss
Sainsbury’s chief executive, Simon Roberts, has raised concerns that uncertainty surrounding potential tax increases is discouraging consumers from making significant purchases. With Labour’s shadow Chancellor, Rachel Reeves, preparing her first Budget, which is expected to address the £22bn public finance gap,
Tesco accelerates price cuts amid easing inflation and rising profits
Tesco is lowering prices “as quickly as possible,” according to its chief executive, in the latest sign that inflationary pressures in the UK may be subsiding. The country’s largest supermarket has cut prices on thousands of products as the cost inflation
Verde Island Passage, the ‘Amazon of the Ocean,’ eyes World Heritage Site status
The Verde Island Passage (VIP), known as the “Amazon of the Ocean” for its highest concentration of marine shorefish biodiversity, is now poised to become a UNESCO World Heritage Site. “We believe that this status would not just spotlight the VIP…
Freeport Area of Bataan gears up to lead Asia’s blockchain industry
The Freeport Area of Bataan (FAB) is poised to become one of the key blockchain hubs in Asia, with significant developments already underway. The FAB is a 1,700-hectare trade hub located in Mariveles, Bataan, serving as the Philippines’ center of trade
PH aviation sector catches up with “under-investment” in airport development
YOUSEF ALFUHIGI-UNSPLASHThe country’s aviation industry is catching up on the “significant under-investment in airport development over the years,” Transportation Secretary Jaime J. Bautista said on Tuesday. Mr. Bautista said the projects from the Department of Transportation (DOTr) will secure a sustainable