VMware, Inc. a leading innovator in enterprise software, has appointed Paul Simos as Vice-President and Managing Director for Southeast Asia and Korea and Sachin Shridhar as Leader for Strategic Pursuits Practice in the Asia Pacific and Japan. As more businesses in the region are rapidly adapting...
The United Nations (UN) warned on Thursday, Jan. 13, that the economic recovery seen in 2021 would slow down in 2022 and in 2023. According to the UN’s World Economic Situation and Prospects 2022, the global economy, which saw a 5.5 percent expansion in 2021, is projected to expand by only 4.0...
Senate Minority Leader Franklin M. Drilon on Monday said he is confident that the newly-signed law easing the entry of foreign retail enterprises in the Philippines will help pave the way for the country’s economic recovery. Drilon is referring to Republic Act No. 11595 also known as the Retail...
As a result of the ongoing COVID-19 pandemic, the Philippines’ ocean economy declined by 32.6 percent, recording a gross value added (GVA) of P617.20 billion in 2020 from P916.31 billion in 2019, data from the Philippine Statistics Authority (PSA) showed. Accounting for 3.4 percent of the...
Sorsogon Governor Francis ‘’Chiz’’ Escudero on Thursday, Dec. 9 said the massive infrastructure program of the Duterte administration should be expanded, expedited and brought outside big urban centers to help generate employment, create livelihood opportunities and stir economic activities...
Former Vice President and senatorial aspirant Jejomar Binay on Thursday (Dec. 9) said the national government must focus on further boosting the financial confidence of the people for the economy to effectively jump back to its pre-pandemic level even as the world continues to battle COVID-19....
And the promising projections keep coming for the Philippines. Cabinet Secretary Karlo Nograles (Screenshot from Facebook live) Cabinet Secretary and Acting Presidential Spokesperson Karlo Nograles reported on Tuesday, Dec. 7 that New York-based think tank Global Source Partners has pegged the...
President Duterte expressed confidence that the Philippine economy can bounce back next year owing to the glowing outlook that global investment banking firm Goldman Sachs has for the country. President Rodrigo Duterte (Malacañang photo) Duterte said that according to Sachs, the Philippines "is...
In the discussion of the circular economy in the Philippines, where are we headed? The conversation on the circular economy in the Philippines is growing in momentum, especially in small circles. As a practitioner myself, it’s interesting to see the conversation evolve into practice. The past few...
Presidential Adviser for Entrepreneurship Joey Concepcion has called for a more proactive approach in preventing a surge of coronavirus disease (COVID-19) cases, saying this is important to keep the country's still-recovering economy open. Presidential Adviser for Entrepreneurship and Go Negosyo...
As the number one consumer of goods, the Philippine government itself should be the micro, small, and medium enterprises' (MSMEs) biggest market because this will benefit the local economy, presidential aspirant Vice President Leni Robredo said on Monday, November 22. Presidential aspirant Vice...
Editorial Government trained its sights last week on financial technology (or ‘fintech’) companies as the Secretary of Finance instructed the Bureau of Internal Revenue (BIR) and the Securities and Exchange Commission (SEC) to ensure that these are properly regulated and taxed while encouraging...
