Business & Economy

Global food crisis looms anew

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The world is facing the threat of another food crisis similar to what happened in 2007-2008 when prices of commodities like rice spiked, according to the International Rice Research Institute.

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Chinese media laud hacker for US spying

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BEIJING -- Spying on the US is a service to China, state-run media said March 23, singing the praises of a man who confessed to hacking American defense contractors on Beijing’s behalf.

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Satellite technology takes root in Philippine farms

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The Department of Agriculture (DA) is fully embracing satellite technology, with data generated from hundreds of kilometers up, to help address matters that affect food production down on the ground.

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Rising China risk tarnishes Hong Kong business hub luster

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HONG KONG -- For decades, Hong Kong thrived as an Asian business hub thanks to its killer combination of Western freedoms, independent courts and closeness to mainland China’s booming market. Now political and economic ills from the mainland are eroding that edge.

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Presidential Awards for Filipinos overseas still open

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Nominations are still being accepted for the 2016 Presidential Awards, which seek to honor overseas Filipinos and organizations that best exemplify the time-honored Filipino values pakikipagkapwa  (empathy),  pagtutulungan  (cooperation), and pagkakaisa (unity).

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Philippine crucifixions a big money spinner

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SAN PEDRO -- The men being nailed to crosses in a Philippine village were seeking salvation, but for corporate sponsors and small-time vendors the Good Friday event was all about quick riches.

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Ayala eyes major automotive investment

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Ayala Corp. is preparing to be a bigger player in local automotive manufacturing, ready to pour billions of pesos in an industry long dwarfed by peers in the region but henceforth seen to benefit from rising consumer affluence and new sweeteners offered by the government’s comprehensive automotive resurgence strategy (CARS) program.

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Economists want bank secrecy laws relaxed

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A group of prominent economists and sociopolitical thinkers has called for the implementation of a biometric-based national identification system, the easing of stringent bank secrecy laws and the strengthening of the anti-money laundering law to prevent more inflows of dirty money into the Philippine financial system.

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Is the mining sector prepared for climate change?

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Located along the Pacific Ring of Fire and the Western Pacific typhoon belt, the Philippines is one of the most natural hazard-prone countries.

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Max’s invests in future of Ifugao’s tinawon

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LA TRINIDAD, Benguet -- A leading restaurant chain has committed to buy rice grown in the mountain terraces of the Cordillera, as part of its effort to help preserve these engineering wonders.

Read more: Max’s invests in future of Ifugao’s tinawon

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Cynthia V. Reyes DMD