Tag: bworldonline
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BingoPlus Foundation conducts flu vaccination, supports Palarong Pambarangay in Rizal
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Health and wellness important during the rainy season In the Philippines, rainy season is flu season. As PAGASA (Philippine Atmospheric, Geophysical, and Astronomical Services Administration) officially declared the start of the wet season in the country, the Department of Health (DoH), on the other hand, is monitoring cases of influenza-like…
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IT-BPM industry likely to hit 7% goal
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THE INFORMATION TECHNOLOGY and business process management (IT-BPM) industry is on track to achieve a 7% growth in revenue and headcount by the end of 2024, an industry group said. Jack Madrid, president of the IT and Business Process Association of the Philippines (IBPAP), told reporters on Wednesday that the…
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PHL may grow below target until 2028
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THE PHILIPPINE ECONOMY may grow slower than the government’s targets this year through 2028, as high interest rates weigh on consumption, according to a global think tank. “High interest rates constrict domestic demand, so that’s one of the reasons why we’re a bit more bearish on the [Philippine] economy,” Andrew…
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Gov’t urged to boost education spending as students fare badly in latest PISA study
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THE PHILIPPINE government should boost spending on its public education system, arts and technology, as well as improve on-the-job training programs for students after a global study found Filipino students among the worst in the world in creative thinking, according to economists and education experts.
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Philippines slips in WEF Energy Transition Index
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THE PHILIPPINES dropped 11 spots in an index that measures countries’ energy transition efforts, reflecting the slowing global momentum amid increasing uncertainty. The Philippines ranked 105th out of 120 countries in the World Economic Forum’s (WEF) Energy Transition Index (ETI), from 94th in 2023. The Philippines’ latest ranking was its…
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More IFPs to be fast-tracked — NEDA
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NEARLY 50 infrastructure flagship projects (IFPs) in the pipeline will be fast-tracked as the government streamlines the process of securing permits, licenses and other clearances, a National Economic and Development Authority (NEDA) official said. This comes after the government on Tuesday launched the implementing guidelines for Executive Order (EO) No.…
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PHL competitiveness still lags in Asia-Pacific
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THE PHILIPPINES saw its ranking in an annual global competitiveness report remain unchanged and continued to be one of the laggards in the Asia-Pacific region amid a drop in business efficiency.
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BSP warns banks vs use of automated data-scraping tools
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THE BANGKO SENTRAL ng Pilipinas (BSP) has warned its supervised institutions against the use of robotic process automation (RPA) and other scraping methods in handling “sensitive” data. In a memorandum, the BSP said the use of these technologies have “merits as an internal data collection automation tool” but can hurt…
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Filipino students among the worst in creative thinking — new OECD study
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FIFTEEN-YEAR-OLD students in the Philippines are among the worst in creative thinking, according to the latest study by the Organization for Economic Cooperation and Development (OECD). The Philippines ranked 63rd out of 64 countries in a 2022 global assessment by the OECD that ranked 15-year-old students worldwide in producing and…
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SM Prime bolsters MSME growth and boom in the Philippines
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SM Supermalls continues its commitment to empower and enrich the growth of local Micro, Small, and Medium Enterprises (MSMEs) by building a thriving ecosystem of entrepreneurship and innovation. “MSMEs are our local partners in generating value across all the communities we operate in,” said Steven Tan, President of SM Supermalls.…