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IT-BPM readies AI investments

Philippines’ Information Technology and Business Process Management (IT-BPM) industry is readying investments in artificial intelligence (AI) to seize opportunities from digital technology. Contact Center Association of the Philippines (CCAP) President Jojo Uligan said on the sidelines of International ITBPM Summit…

Huge China mart for premium bananas eyed

Homegrown conglomerate Anflo Group of Companies, through its newest subsiduary, the Anflo Banana Corp. (ABC), has partnered with a global agricultural firm to penetrate what is touted as the biggest and most flourishing China market for premium bananas. The Davao-based…

Argentina sees good prospect in agri ties with PH

Philippines and Argentina may further strengthen relationship by engaging in a comprehensive agricultural cooperation, said Argentinean Ambassador to Manila Roberto Bosch. He said the two states have agreed to sign a general memorandum of understanding on cooperation where they could…

Price spike not worrisome

THE Philippines’ rate of price increase continues but Finance Secretary Carlos Dominguez III said this is not worrisome since rates are just normalizing. As of last September, inflation averaged at 3.1 percent, within the government’s two to four percent target…

Oct inflation seen at 3.5%

Inflation rate for October 2017 is seen to further increase to 3.5 percent from the five-month high 3.4 percent rate in September. IHS Markit Asia Pacific Chief Economist Rajiv Biswas said the weakening of the Philippine peso against a US…

Policy to pave way for LNG facility

The Department of Energy (DoE) is finalizing the guidelines of the Philippine Natural Gas Regulation (PNGR), a policy issuance that would govern the entry and development of liquefied natural gas (LNG) terminal and its related facilities in the Philippines. “The…

PH slips to 113th in WB doing biz tally

The Philippines has landed at 113th place out of 190 economies in the Doing Business Report 2018 of the World Bank. In this year’s Doing Business Report, the country’s distance to frontier or its gap from the best performing economy…

SSS investments still intact

The Social Security System recently assured its members that the pension fund has institutionalized mechanisms to address administrative complaints against its employees and officials. “Such mechanisms ensure all parties are given due process,” the pension fund for workers in the…

September sin-tax take hits P18B

The Bureau of Internal Revenue posted P17.7 billion sin tax collection in September 2017, up 12 percent from P16.67 billion a year ago. Department of Finance Undersecretary Antonette Tionko told reporters the bulk of the revenues, amounting to P11.1 billion,…

Peso still stable — Espenilla

Hopes for additional hikes in the Federal Reserve rates as well as naming of a hawk to head the Fed are the recent reasons for the drop of the Philippine peso to its 11-year low to a greenback. Amid this,…

Sustain MSMEs support to leak poverty

Sen. Loren Legarda increased funding support to expand and enhance the capabilities and competency of micro, small, and medium enterprises by allocating one billion pesos each for the proposed 2018 budgets of the Pondo Para sa Pagbabago of the Small…

BSP readies banks’ cybersecurity upgrades

Cyber criminals continue to look for ways to hit information technology (IT) systems of companies and various institutions. In the case of Philippine banks, these institutions have upped their system especially since the Bangko Sentral ng Pilipinas (BSP) now rate…

BoI okays P4-B solar project

The Board of Investments (BoI) has registered a P4.15-billion solar power project of Pilipinas Newton Energy Corp. in Pangasinan. The BOI said the company’s San Manuel 1 Solar Power Project would be located on a 70-hectare land in San Manuel,…

Foreign investors keep Ph confidence

Philippines under the Duterte Administration continues to enjoy the confidence of foreign direct investors with the Department of Trade and Industry, through the Board of Investments, welcoming the investment intentions of Chinese firms Huili Investment Fund Management Co., Ltd. and…

BoI approves P8-M cashew project

The Board of Investments recently gave the nod to the application of R-LEY TRADING as an expanding export producer of roasted cashew nuts. The firm is a small medium enterprise participant and to boost access to local and international markets,…
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