Bank deposits near P15 trillion as Filipinos save more during pandemic
Deposits in the Philippine banking system reached P14.9 trillion last year, a 9 percent growth from P13.6 trillion in 2019, as Filipinos started saving more amid the pandemic. Data from the Philippine Deposit Insurance Corp. (PDIC), the state-run deposit insurer,...
DOE wants gov’t to build new power plant
Despite adequate power supply, Energy Secretary Alfonso Cusi wants the government to again join the power generation business by building a reserve power plant.Cusi warned that if problems in active power plants occurred, supply would not be enough to back up demand...
Karl Chua made permanent NEDA chief
The socioeconomic planning secretary is also the director general of the National Economic Development Authority (NEDA).
Agri, food sectors key to PH’s economic recovery – study
The economic impact of agriculture and food industries in Southeast Asia (Oxford Economics). The agriculture and food sectors will be the main drivers of post-pandemic economic growth, a study has found.The study commissioned by food manufacturer organization Food...
3rd-gen Tan brothers lead Tanduay’s US, e-commerce ventures
Third-generation Tan brothers Kyle Tan (left) and Lucio Tan III (right). Two grandsons of tycoon Lucio Tan Sr. are spearheading Tanduay Distillers Inc. ’s e-commerce venture and a partnership deal in Arizona.Tanduay President and COO Lucio Tan III and his younger...
PH firms focused on customers, workers in post-pandemic strategy – study
To bounce back from the economic drawbacks of the pandemic, Philippine enterprises are prioritizing consumer expectations and improving “experience management” in the workplace, a study has found.A survey from enterprise software company SAP found that both big...
PHL companies expect more flexible work arrangements, savings — survey
Philippine companies are preparing to shift to more flexible working arrangements as the pandemic rages, a survey has found.By 2023, employers anticipate that the proportion of full-time employees working from home will be more than 10 times higher than it was back in...
Alcohol makers, e-commerce platforms vow to prevent online liquor sales to minors
The Alcoholic Beverages Alliance of the Philippines (ABAPI) has signed a pledge with e-commerce platforms for the responsible sale of wines and alcohol online. The pledge aims to uphold the responsible sale of alcohol online under the principle of self-governance,...
World Bank: PH vaccine response ‘lagging behind’
The Philippines has been struggling to contain the Covid-19 pandemic and its lockdowns have caused its economy to take a nosedive, a World Bank economist said on Friday.
Congress approves bill promoting online payments in gov’t agencies
The House of Representatives on Thursday, March 25 approved on final reading a bill that seeks to promote electronic and digital payments for transactions in government agencies. House Bill 8992, or the “Promotion of Digital Payments Act” seeks to “facilitate...
Lawmaker proposes charter leeway for foreign investors
AKO BICOL partylist Rep. Alfredo Garbin Jr. on Monday (March 15) seeks to ease restrictions for foreign by RBH 2 amendments. (Alfredo Garbin’s Facebook Page) The head of the House Committee on Constitutional Amendments on Monday (March 15) sought an amendment to the...
Gov’t eyes relaxed quarantine, economy reopening by April
Malacañang on Friday said the country could be under relaxed quarantine restrictions by April as the country seeks to reopen its economy."Alam ninyo naman po ang ating classification ay para po sa isang buwan. So I think ang tinitingnan natin ay kung pupuwede na...
PH to reopen economy soon, says Duterte
The reopening could come in “weeks,” said Duterte.
Study: Half of firms want workforce restructuring, only 10% will reward new skills
About half or 47 percent of Filipino companies have prioritized workforce restructuring amid the pandemic, a study has found.In its “Global Talent Trends” 2020-2021 report, professional services firm Mercer found that about a third of companies were also prioritizing...
‘Nag-antay na po tayo’: Lopez says it’s time to reopen economy
Lopez stressed that reopening the economy would not require relaxing health protocols.
Duterte signs Fist bill into law to aid banks amid pandemic
The Fist Act, or Republic Act (RA) 11523, will address the financial sector’s non-performing asset problems, Malacañang said Wednesday.