Business & Economy

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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Gov’t to sell Pagcor casinos

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YOKOHAMA, Japan -- The government will sell the casinos of state-run Philippine Amusement and Gaming Corp. (Pagcor) before yearend in line with moves for the state-run firm to stick to its regulatory mandate and let go of commercial functions, Finance Secretary Carlos G. Dominguez III said.

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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.

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

In Cordi, it’s time to stop relying on electronics

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BAGUIO CITY -- The Cordillera may need to let go of its reliance on semiconductor and electronics exports, which failed to slow down its economic decline in 2016.

Read more: In Cordi, it’s time to stop relying on electronics

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.

Read more: DOF sees 7% GDP growth in Q1

US will aggressively enforce trade rules - official

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WASHINGTON -- The Trump administration will enforce trade rules more aggressively than any previous government in its efforts to reduce the trade deficit, but does not seek a dispute, Commerce Secretary Wilbur Ross said Tuesday, May 9.

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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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EU steps up development projects in Mindanao

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The European Union (EU) is investing 300 million euros in the next three years in its push for sustainable energy and job creation, allocating a “huge chunk” of it in Mindanao as the bloc realigns itself with the priorities of the Duterte administration, its envoy in the Philippines said.

Read more: EU steps up development projects in Mindanao

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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Net foreign investments up 11% in 1st 2 months

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Net inflows of job-generating foreign direct investments (FDIs) jumped 11 percent to $1.05 billion at the end of the first two months on sustained investor confidence in the economy, the Bangko Sentral ng Pilipinas said Wednesday, May 10.

Read more: Net foreign investments up 11% in 1st 2 months

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Cynthia V. Reyes DMD