Tag: bworldonline
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PHL told to boost manufacturing jobs to achieve high-income growth
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ECONOMISTS flagged the declining employment share of the Philippine manufacturing sector, which they said is key to achieving a high-income status and meeting other development goals including bringing down poverty incidence to single digits at a faster rate.
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Government considering Samurai, dollar bonds this year
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THE GOVERNMENT is looking to issue Japanese yen-denominated and US dollar-denominated bonds within the year, the Finance chief said. “I expect both the dollar and possibly Samurai bonds this year. Both are being considered,” Finance Secretary Ralph G. Recto told reporters on the sidelines of the Economic Journalists Association of…
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BSP still hints at rate cut in August
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A POSSIBLE BREACH in the inflation target this month will not derail the Bangko Sentral ng Pilipinas’ (BSP) planned rate cut by August, its top official said.
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Dollar reserves slip to $104.7 billion in June
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THE PHILIPPINES’ gross international reserves (GIR) dipped by 0.3% month on month in June, which the Bangko Sentral ng Pilipinas (BSP) governor partly attributed to its intervention in the foreign exchange market amid the peso’s continued depreciation against the US dollar. Preliminary data from the BSP showed gross dollar reserves…
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PHL can’t handle ‘fast’ transition to renewable energy — Balisacan
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THE PHILIPPINE ECONOMY cannot handle a “fast” transition to a dominantly renewable energy (RE) mix, according to the National Economic and Development Authority (NEDA).
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GOCC subsidies up 32% in May
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SUBSIDIES PROVIDED to government-owned and -controlled corporations (GOCCs) jumped by 32% year on year in May, the Bureau of the Treasury (BTr) said. Data from the BTr showed that budgetary support to GOCCs rose to P9.74 billion in May from P7.38 billion in the same month last year. Month on…
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SSI Group, Inc. to hold virtual annual meeting of stockholders on July 30
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Higher NAIA charges seen to weigh on travel demand
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THE EXPECTED INCREASE in fees at the soon-to-be privatized Ninoy Aquino International Airport (NAIA) could alter travel demand dynamics, potentially impacting passenger volumes and operational margins for airlines operating at the airport, according to analysts.
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Improvements at the Manila International Airport expected by early 2025
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The number of travelers who go through the Manila International Airport (MIA) have grown from 32 million to 50 million per year, according to Department of Transportation (DOTr) Secretary Jaime J. Bautista. “Pag pupunta ka rito sa MIA ay makikita mo na napakacongested. Mahaba ang pila, kung minsan walang maupuan,…
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Cybersecurity, an important investment for businesses’ success
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Recent BusinessWorld Insights looks through best practices for safeguarding businesses in the digital space By Mhicole A. Moral, Special Features and Content Writer As organizations increasingly rely on digital infrastructure, the threat landscape continues to expand, demanding proactive and adaptive strategies to safeguard sensitive data and critical systems. According to…