Business & Economy

Economist sees close May 9 race

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Davao City Mayor Rodrigo “Digong” Duterte’s rise as the new front-runner in the presidential race indicates how day-to-day public service concerns have resonated more among voters than macro policy themes, an economist from American banking giant Citigroup said.

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There are 12 Pinoys in heist - Dhaka

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DHAKA -- Bangladeshi investigators have identified 20 foreigners - 12 Filipinos and eight Sri Lankans - suspected to have been involved in the cyberheist of tens of millions of dollars from its central bank, a police officer said on Monday, April 18.

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City of New York Reaches All-Time High Job Totals

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NEW YORK -- The City of New York announced April 15 that based on an analysis of seasonally adjusted job numbers for March 2016 provided by the New York State Department of Labor, New York City added 2,800 jobs in February, reaching an all-time high total of just below 4.3 million jobs across all five boroughs.

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Senate to look into phone records of key players

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The Senate will look into the phone records of key players in the alleged laundering of $81 million in an effort to clarify their continued contradictory testimonies on who had received the funds and given orders on the delivery of the money.

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IT-BPO industry grows as second largest source of income for PH

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The Information Technology and Business Process Management (IT-BPM) industry has grown to be the second largest source of dollar income for the Philippine economy, according to the Information Technology and Business Process Association of the Philippines (IBPAP). In 2015, the industry generated 1.2 million direct jobs and US$ 22 billion in revenues.

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Economist says fiscal gains not politics-proof

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The country’s recent economic and fiscal gains may not be irreversible or as politics-proof as some optimists hope, an economist from Dutch financial giant ING suggested.

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Disruptions from twin quakes in southern Japan hit economy

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TOKYO -- The twin earthquakes that have paralyzed parts of southern Japan are having ripple effects far beyond the disaster zone, with automakers and other manufacturers suspending output in other areas due to disruptions in its parts supplies.

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University in Bohol goes solar to cut power costs

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TAGBILARAN CITY -- Officials of Holy Name University (HNU) gathered on the rooftop of the school’s Scanlon Building on Friday, April 15, to inaugurate solar photovoltaic power plant.

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California HR firm to pay $1M in back wages to 267 workers

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SAN FRANCISCO -- A San Leandro, California-based human resources outsource provider will pay $1 million in back overtime wages and damages to hundreds of employees after a U.S. Department of Labor investigation that found widespread Fair Labor Standards Act violations.

Read more: California HR firm to pay $1M in back wages to 267 workers

EVA Wins Two Gold Medals, One Silver for Royal Laurel Class Wines

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TAIPEI, Taiwan (11 April, 2016) -- In a nod to EVA Air’s core commitment to quality service, the panel of wine experts who judged Business Traveller Magazine’s prestigious annual Cellars in the Sky 2015 competition awarded the airline top honors in two categories and second place in a third.

Read more: EVA Wins Two Gold Medals, One Silver for Royal Laurel Class Wines

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