Business & Economy

Millions of US retail jobs at risk in 10 years due to automation

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Automation is creeping fast on the United States’ retail industry, and could decimate up to 47 percent of the retail workforce within 10 years.

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Nabisco offers $500K for new Oreo cookie flavor idea

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After launching its limited edition creation “Oreo Firework” to the public, American snack manufacturer Nabisco announced that they are willing to pay $500,000 for anyone who could come up with a fresh new cookie flavor.

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ADB OKs $300M loan to help Filipinos find gainful jobs upon graduation

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Manila-based Asian Development Bank has extended to the Philippines a $300-million loan (about P14.95-billion) for a project aimed at helping young Filipinos find a good job upon graduation from high school.

Read more: ADB OKs $300M loan to help Filipinos find gainful jobs upon graduation

2 years after tragedy, justice elusive for Kentex fire victims’ kin

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More than two years after over 70 workers were killed in the Kentex slipper factory fire in Valenzuela City, justice remains elusive for their families and other employees who survived.

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Only on AP: CEOs in US got biggest raise since 2013

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NEW YORK -- The typical CEO at the biggest US companies got an 8.5 percent raise last year, raking in $11.5 million in salary, stock and other compensation last year, according to a study by executive data firm Equilar for The Associated Press. That’s the biggest raise in three years.

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DOF sees 7% GDP growth in Q1

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MANILA -- Strong agriculture and manufacturing growth likely buoyed gross domestic product (GDP) expansion in the first quarter by about 7 percent, the Department of Finance’s chief economist said Tuesday, May 16.

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Next miracle drug may come from PH seas, say scientists

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BAGUIO CITY -- The next miracle drug may come from the country’s seas, scientists here said last week.

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PH, China ink pact on building 2 Pasig River bridges

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BEIJING -- The Philippines and China have signed an agreement on the P3.6 billion (500 million yuan) grant for the construction of two Pasig River bridges and drug rehabilitation centers in Mindanao.

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Private sector backs martial law in Mindanao

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Business sector leaders and analysts remained supportive of actions taken by President Duterte, who declared martial rule on the island of Mindanao in response to a Muslim extremist attack in Marawi City, Lanao del Sur.

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Tiny uninhabited Pacific isle has 38 million pieces of trash

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WELLINGTON, New Zealand -- When researchers traveled to a tiny, uninhabited island in the middle of the Pacific Ocean, they were astonished to find an estimated 38 million pieces of trash washed up on the beaches.

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