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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.
Read more: Millions of US retail jobs at risk in 10 years due to automation
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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.
Read more: Nabisco offers $500K for new Oreo cookie flavor idea
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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
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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
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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
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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.
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BAGUIO CITY -- The next miracle drug may come from the country’s seas, scientists here said last week.
Read more: Next miracle drug may come from PH seas, say scientists
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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.
Read more: PH, China ink pact on building 2 Pasig River bridges
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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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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.
Read more: Tiny uninhabited Pacific isle has 38 million pieces of trash
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