Samarkand, UZBEKISTAN — The information technology and business process management (IT-BPM) industry, the Philippines’ top dollar earner, needs to overcome infrastructure and talent challenges while keeping pace with emerging technologies such as artificial intelligence (AI) to maintain its...
Samarkand, UZBEKISTAN — “So many” developing Asia-Pacific economies are scrambling to secure concessional financing from the Asian Development Bank (ADB) to bankroll their response to crises caused by the war in the Middle East. “We have already received so many requests from so many...
Businesses have turned more pessimistic about the global economic outlook amid the ongoing United States (US)/Israel war with Iran, according to think tank Oxford Economics. In an April 30 report, Oxford Economics head of macro scenarios Jamie Thompson said the conflict in the Middle East is...
The APEC Business Advisory Council (ABAC) has urged Asia-Pacific governments to take immediate and coordinated action to address mounting economic pressures, including trade fragmentation, energy market shocks, and persistent supply chain disruptions, warning that business confidence across the...
Filipinos who actively use digital financial platforms are significantly more likely to own bank accounts and conduct formal financial transactions, with the state-run policy think tank saying stronger digital engagement is a key driver of financial inclusion in the country even as barriers such as...
Despite escalating tensions in the Middle East, the Board of Investments (BOI) is pressing ahead with investor engagements in the region, as firms signal continued interest in Philippine projects and new opportunities emerge from the country’s inclusion in the United States (US)-led Pax Silica...
Groundbreaking for the planned United States (US) economic security zone in the Philippines could take place within the current Marcos Jr. administration, with the project expected to generate hundreds of thousands of jobs once fully developed, Philippine investment officials said. Officials from...
For small online sellers, running a digital storefront often means juggling customer service, order fulfillment, and product management all at once—a balancing act that can stretch even the most efficient teams. For New Earth, a sustainability-focused brand known for its eco-friendly washable...
The Philippines is among developing economies in Asia-Pacific that continue to lag behind advanced regional peers in artificial intelligence (AI) preparedness, limiting near-term gains due to gaps in infrastructure, skills, and innovation capacity, according to the Asian Development Bank (ADB)....
Grab is pioneering a new frontier in digital marketing with the pilot of its Driver AI Ambassador Program in the Philippines. The initiative reimagines traditional brand ambassador models by utilizing Artificial Intelligence to scale and iterate content featuring real driver-partners. By...
I remember the first time I read a forecast about artificial intelligence that truly made me pause. It wasn’t marketing hype or an analyst’s sales pitch. It was a deep scenario exercise called AI 2027, authored by Daniel Kokotajlo, Eli Lifland, Thomas Larsen, Romeo Dean, and Scott Alexander,...
The local labor market is currently caught between two eras. On one hand, the economy is still powered by the essential work of office administrators and engineers. On the other, the growing wave of digital transformation is beginning to reshape the remaining job openings. Data from the latest...
