Business & Economy

2 Japanese firms told to regularize its workers

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The Department of Labor and Employment (Dole) has ordered two Japanese firms in Laguna and their contractors found to be engaged in labor-only contracting to regularize more than 1,000 workers.

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Communist insurgency only dragging down businesses, says Duterte

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President Rodrigo Duterte on Monday, Nov. 27, dismissed the communist insurgency as worthless, which only dragged down businesses.

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Restore whole ecology not just trees, miners told

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BAGUIO CITY -- Instead of rebuilding forests when a mine’s life ends, mining firms should invest in restoring the whole ecology that was damaged by mining activity, a unit of Nickel Asia Corp. proposed during this year’s annual mine safety and environment symposium here.

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Gov’t urged to explore Reed Bank gas field

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NAGA CITY -- Supreme Court Senior Associate Justice Antonio Carpio has called on the government to take advantage of an international tribunal’s decision favoring the country’s claim to the West Philippine Sea by exploring another gas field and replacing the diminishing Malampaya gas stock.

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PH railway footprint to quadruple by 2022

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The Department of Transportation is seeking to complete more than 320 kilometers of railway projects by 2022 -  more than four times the currentfootprint - in Luzon and Mindanao.

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Filipinos warned vs bitcoins, cryptocurrencies

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Filipinos hoping to cash in on the bitcoin craze were warned by the chair of the House banks and financial intermediaries committee on Wednesday, Nov. 29, about the risks of investing in cryptocurrency, as the price of bitcoin surged to $10,000.

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Upgrade may dethrone Manila’s ‘King of the Road’

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MANILA -- The Philippines’ iconic passenger jeepney, once regarded as Manila’s “King of the Road,” is chugging toward change and uncertainty.

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Bezos a $100 billion man as Amazon rises on cyber shopping

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Amazon founder Jeff Bezos was a $100-billion man on Monday, Nov. 27, as the online retail colossus raked in cash from the holiday weekend’s cyber shopping spree.

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Taste of cricket: Finland to sell insect bread

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A stomach churning recipe or a solution to world hunger? A Finnish bakery group on Nov. 23 said it would be the first in the world to offer bread made out of insects at grocery stores.

Read more: Taste of cricket: Finland to sell insect bread

Bitcoin bonanza draws warning from Europe central bank

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PARIS, France -- The vice-president of the European Central Bank on Wednesday, Nov. 29, expressed concern about the relentless rise in value of the virtual currency Bitcoin and the potential risk accompanying the trend.

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