Philippine industry leaders called on the private sector to take the lead in the country’s digital transformation to ensure safe and sustainable economic recovery. During a virtual roundtable discussion organized by the Stratbase ADR Institute on “The Private Sector as a reliable partner to the...
A group of health advocates urged the government to be transparent and efficient in spending the P205.8 billion health budget during the first-year implementation of the Universal Health Care (UHC) Act. In a statement, the UHC Watch called on civil society to be vigilant and actively...
Influx of investments that will result in massive generation of taxes are the crucial factors that will determine the survival and subsequent recovery of the Philippine economy post-pandemic, according to Makati Business Club (MBC) Chairman Edgar O. Chua. Makati Business Club (MBC) Chairman Edgar...
The government through its auditing agency is set to improve its systems to regulate coronavirus-related expenses. Commission on Audit disclosed its plan last week to team up with members of civil society organizations to comply with the procurement regulations mandated under the Bayanihan Act....
The Philippines has no choice. The only way to recover from the pandemic is to go digital. So says Ayala Corp. Chairman and CEO Jaime Augusto Zobel de Ayala, popularly known as JAZA. Ayala Corporation Chairman and CEO Jaime Augusto Zobel de Ayala (Ayala Corp / MANILA BULLETIN) “We realized...
Banks’ standing as trusted financial institutions will have new yardsticks with the Bangko Sentral ng Pilipinas (BSP) up-coming rule on reputational risk management. It took time but BSP Deputy Governor Chuchi G. Fonacier said the...
The Bangko Sentral ng Pilipinas (BSP) is proposing the use of satellites to bring financial products and services to the unbanked and underserved areas, and these are locations that are beyond the reach of telecommunication companies. BSP Governor Benjamin E. Diokno, who has a goal of bringing 50...
The Bangko Sentral ng Pilipinas (BSP) has done enough and should be more careful in dispensing monetary stimulus or risk financial instability, according to an ex-central bank official. “Monetary policy should guard against itself,” said former BSP Deputy Governor Diwa C. Guinigundo,...
More than eight of 10 Filipinos believe the national government should team up with private enterprises or public private partnership (PPP) for economic recovery, according to a survey conducted by Pulse Asia Research Inc. "A huge majority of Filipinos (85%) are of the view that the country’s...
The Philippines ranked third among East and Southeast Asian countries in terms of subscription video on demand piracy, which restrains the growth of the creative industry and deprives the government of tax revenues, a trade association disclosed. "While legal SVOD (subscription video on demand)...
Now that deliberations on the proposed P4.5 trillion 2021 national budget is on its final stage, a Makati-based think tank has called on the Duterte administration to make spending transparent to the people, especially in a time when huge budget allocations are needed to be responsive to health and...
Retired Supreme Court Associate Justice Antonio Carpio and a lawyers’ group warned of violation of the Constitution and national security risk if Congress enacts law to remove telcos as a public utility open to foreign control. Retired Supreme Court Associate Justice Antonio Carpio (JOHN JEROME...
