Business & Economy

Mega Manila subway plan up for Duterte OK

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The country’s first subway system will be up for President Duterte’s approval next month ahead of the planned signing of the loan agreement between the Philippine and Japanese governments in November, the country’s chief economist said.

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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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Senator asks: Why costly long-term coal deals, when RE is cheaper?

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Senator Sherwin Gatchalian has questioned the Energy Regulatory Commission’s pending approval of Meralco’s 20-year power supplyagreements that will be sourced from coal, especially considering there are cheaper renewable energy (RE) sources in the country.

Read more: Senator asks: Why costly long-term coal deals, when RE is cheaper?

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

New £34M export deal opens PH to British beef

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LONDON -- UK Food Minister George Eustice has announced a brand new export deal for British beef with the Philippines, worth an estimated £34 million to the UK economy.

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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.

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

Starbucks chairman questions US’ ‘moral fiber’

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SEATTLE -- Starbucks chairman Howard Schultz says the events surrounding a white nationalist rally in Charlottesville, Virginia, last weekend have put the “moral fiber” of the country in question.

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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 benefits from rising European demand for organic products

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LONDON -- As the European market for organic and natural food sees explosive growth, Philippine agribusinesses are benefitting from the increased demand. 

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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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