Tag: bworldonline
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PHL posts $2-B BoP surplus for May
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THE COUNTRY’S balance of payments (BoP) position swung to a surplus in May, data from the Bangko Sentral ng Pilipinas (BSP) showed.
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Employers seek delay in wage increase
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A GROUP of Philippine textile exporters on Thursday asked the local wage board to delay a proposed wage increase in the National Capital Region (NCR) by a year, saying they have yet to fully recover from losses caused by the pandemic.
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Philippines improved slightly in attaining SDGs — UN report
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THE PHILIPPINES jumped six spots to 92nd out of 167 countries in achieving 17 sustainable development goals (SDGs), but still grapples with significant challenges in addressing poverty, hunger and low-quality education, a United Nations (UN) body said in its latest report. In the UN Sustainable Development Solutions Network’s (SDSN) 2024…
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BoI says ‘green lane’ investments hit P2.3T
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ABOUT P2.32 trillion worth of projects, mostly in renewable energy (RE), have been approved to go through the “green lane” system as of June 20, the Board of Investments (BoI) said on Wednesday.
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SM Mega Tower: A premier headquarters for multinational firms
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The Philippines has become an important hub for multinational companies because of its favorable business environment, which offers cultural affinity, cost efficiency, skilled talents, and a well-established infrastructure. The rise of modern buildings and towers also meets the needs of these companies, providing high-speed internet, a redundant power supply that…
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Converge ICT partners with HPE Zerto to launch Disaster Recovery Service
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By Bjorn Biel Beltran Seeking to democratize business continuity solutions in the Philippines, Converge ICT has introduced its Disaster Recovery as a Service (DRaaS), in collaboration with Zerto, a subsidiary of Hewlett Packard Enterprise (HPE). The strategic partnership aims to bolster the Philippines’ efforts towards data security, protecting businesses from…
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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…