Only less than 100,000 displaced workers in the National Capital Region (NCR) will remain jobless, but some 300,000 employees are returning to work with the further easing of restrictions and reopening of more establishments at higher operating capacity starting Saturday, Oct. 16. “With most of...
For its innovations that have accelerated PH digital payments adoption Digital financial services leader PayMaya won two major awards at the Philippines' first-ever IDC Future Enterprises Awards. PayMaya was recognized for its game-changing innovations that have led to accelerated digital payments...
Photo by AC Energy Country now in state of climate justice, passing mitigation The Philippines’ energy industry has to make and carry out firm decisions to become more independent and resilient as it has now arrived at a state of climate justice, which is well beyond mere mitigation. ...
Top business, trade and labor leaders have come together and issued a joint appeal to President Rodrigo Duterte to immediately release the Executive Order (EO) deferring the increase in the Social Security System (SSS) monthly contributions of both employees and workers. pcci The September 27, 2021...
The number of closed establishments outside of the National Capital Region (NCR) worsened to 7 percent from 4 percent with the imposition of different alert levels in the regions, while NCR has improved to 11.76 percent from 16 percent following the limited opening in restaurants and personal care...
Malacanang has ratified the Regional Comprehensive Economic Cooperation (RCEP), a mega free trade deal seeking to grant zero duty on goods traded among 15 countries that account for 29 percent of global gross domestic product. The document was ratified by President Rodrigo Duterte on September 2...
Photo credit: http://www.philippineplastic.com/index.html Domestic plastics manufacturers are experiencing a shortage of plastic wastes for recycling due to huge gap in plastic circularity following strict campaigns against the use of plastic materials in the country. In a statement, the Philippine...
The Philippine Chamber of Commerce and Industry (PCCI) has urged government for a change in strategy to more effective responses in containing the pandemic instead of the existing quarantine protocols, which they said only brought the country into an “economic blackhole”. pcci PCCI Acting...
Some 28 business and professional organizations in the country have expressed strong support as they called to uphold the independence of the Commission on Audit, which has uncovered “deficiencies” in its audit on the way government funds were being appropriated by government agencies. “We,...
Global merchandise trade hits record high, confirming the strength of trade recovery from the shock of the COVID-19 pandemic, although the new waves of infection could easily undermine recovery, according to the latest World Trade Organization's (WTO) latest Global Trade Barometer. WTO The Goods...
The Joint Foreign Chambers (JFC) expressed optimism that Congress will approve the Open Access in Data Transmission bill during its Third Regular session stressing the legislative will bridge critical gaps in broadband infrastructure by attracting more firms to invest in the data transmission and...
Some 16 local and foreign business groups have strongly urged for the immediate enactment of the proposed Financial Consumer Protection (FCP) Act, which seeks to protect consumers amidst the growing complexity in financial services, especially digital services. In a statement the business group...
