E-commerce advocates like the Ureka Forum and its consortium members hope the newly formed Department of Information and Communications Technology (DICT) can provide lasting solutions and empower the entire business value chain to go beyond their growth potential.

Remittances from overseas Filipino workers (OFWs) are expected to slow down as a result of lower job deployment and tighter fund-transfer requirements on banks, according to the Bank of Philippine Islands (BPI) periodic research paper Market Insights. 

Security Bank Corp. has targeted the opening of at least 500 branches nationwide in the next four to five years, with a focus on strengthening its provincial presence. 

Hongkong and Shanghai Banking Corp. (HSBC) has raised its forecast on the country’s gross domestic product (GDP) growth for this year to seven percent from a previous estimate of 6.3 percent. 

By Riza Lozada The rules for the setting up of microfinance non-governmental organizations (NGOs) has been released that, among other things, will provide such financing firms a low 2-percent preferential tax.

Enhancing the quality of locally manufactured electronic products is the target of an industry group to ramp up exports receipts of the country.

The Lopez group’s First Gen Corp. (First Gen) will start commercial operation of the 100-megawatt (MW) natural gas-fired power plant San Gabriel Avion in Batangas City.

Small-scale farming—which is mainly for a family’s sustenance, plus a little income from agricultural produce—does not get the same attention as commercial farming, but it has the best potential to eradicate hunger in the majority of Filipino families.

The Board of Investments (BOI) has signed a memorandum of agreement with local companies for the demonstration of the P550 million e-vehicles project of Japan’s New Energy and Industrial Technology Development Organization (NEDO).

Plans to increase wages nationwide to the level of those in the National Capital Region (NCR) should be tempered by productivity gains, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo said.