Tag: bworldonline
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MIRU’s track record: A concern for the US
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By Rep. Rodante Marcoleta, SAGIP Party-List An investigative piece by the US-based journal Politico has cast a spotlight on Miru Systems, questioning the deployment of their voting technology in Iraq and Congo — nations supported by US election funding but plagued by technical glitches. More than focusing on technological snafu,…
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[B-SIDE Podcast] Importance of road-worthy vehicles on the daily lives of Filipinos
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Follow us on Spotify BusinessWorld B-Side According to the World Health Organization, despite an alarming number of cases, road traffic injuries are often neglected public health issues. With this concerning issue, Mr. John Alison Uy of the Vehicle Inspection Center Operators Association of the Philippines (VICOAP) elaborated on the importance of road safety and road-worthy vehicles to avoid road crashes and deaths. Follow us on Spotify BusinessWorld B-Side
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NCR wage increase likely in July, says Labor chief
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A WAGE INCREASE in the Philippine capital and nearby cities is likely in July, based on past decisions by the regional wage board, according to the country’s Labor chief.
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CEOs worry over business viability
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OVER HALF of Philippine-based chief executive officers (CEOs) are concerned over the viability of their businesses in the next 10 years without reinvention, according to a report by PwC Philippines.
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Philippines’ current account deficit seen to further narrow this year
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THE PHILIPPINES’ current account deficit is seen narrowing further this year amid a more positive global outlook, Fitch Solutions’ unit BMI said. In a report dated June 25, BMI lowered its current account deficit forecast to 2.3% of gross domestic product (GDP) from 2.8% previously. This is narrower than last…
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Peso to remain weak as BSP appears less likely to defend
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THE PESO may remain weak against the dollar as the Bangko Sentral ng Pilipinas (BSP) is not expected to “strongly” defend the currency amid its recent dovish policy signals, Bank of America (BofA) Global Research said. “(The Philippine peso) remains on the weaker side, taking cues from the BSP’s dovish…
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BSP rate cuts unlikely this year — ANZ
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THERE IS NO ROOM for the Bangko Sentral ng Pilipinas (BSP) to cut rates this year as inflation may still potentially breach the target, ANZ Research said. “Rate cuts in Indonesia and the Philippines are also not on the table this year… In the Philippines, inflation though receding, is still…
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LEDAC eyes approval of 28 priority bills by June 2025
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AT LEAST five new bills have been added to the Marcos administration’s list of priority legislation expected to be approved by Congress before June 2025, including proposals to allow foreign investors to lease land for up to 99 years and amend a 2019 law that liberalized the rice sector.
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PHL urged to implement ‘smart’ policies to achieve double-digit growth
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THE PHILIPPINES should implement “smart” policies that address challenges in power, infrastructure and defense sectors in order to fuel double-digit economic growth, Denmark’s ambassador to the Philippines said on Tuesday. In his keynote speech at the 45th National Conference of Employers on Tuesday, Ambassador Franz-Michael Skjold Mellbin said that he…
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NEDA Board OKs P16.1-B digital infrastructure project
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THE NATIONAL Economic and Development Authority (NEDA) Board, chaired by President Ferdinand R. Marcos, Jr. has approved a P16.1-billion digital infrastructure project that seeks to boost internet connectivity in poor areas and improve cybersecurity. The Philippine Digital Infrastructure Project (PDIP), which will be undertaken by the Department of Information and…