Business

The Japanese embassy is calling on more Japanese companies to invest in the Philippines following the recent signing of a law that amends the Public Service Act (PSA), allowing full foreign ownership in major business sectors. Japanese Ambassador to the Philippines Koshikawa Kazuhiko lauded the signing of the PSA by President Duterte, saying the new law, together with the Foreign …

For the longest time, side hustles have always been an integral part of the Filipino working culture. Most commonly known to Filipinos as ‘raket’, these are sideline jobs undertaken for extra income. You see them everywhere – from your neighbor offering personal care products, a co-worker selling goodies and snacks at the office, or your former classmate with an online …

The Bangko Sentral ng Pilipinas (BSP) encourages Filipinos to take full advantage of the benefits offered under the Personal Equity and Retirement Account (PERA).  “Compared to other retirement and investment products, PERA provides contributors or investors exclusive tax benefits which enable them to accumulate their retirement savings at a faster pace,” according to BSP Governor Benjamin E. Diokno. Income earned from PERA …

The BSP remains vigilant over the possible implications of the unfolding Ukraine-Russia conflict on the Philippine economy. We expect the ongoing conflict to continue to exert upward pressures on key international commodity prices, particularly oil and wheat. Meanwhile, the ongoing conflict could also cloud prospects for global trade and investment, as uncertainty spills over into financial markets through higher volatility …

The Philippines’ Department of Trade and Industry’s overseas trade office in Australia, Philippine Trade and Investment Center – Sydney (PTIC-Sydney), and a group of Philippine food snack companies met virtually last February to discuss market trends, opportunities, and challenges in exporting snack and health food products in the Australian market.   The discussion aimed to boost and mainstream the country’s exports …

While MSMEs still comprise the majority of registered businesses in the country, a survey conducted by the Department of Trade & Industry (DTI) – Ecommerce Office in September 2020 showed that 73% of MSMES still require assistance in digitizing their operations. Shopee remains committed to help MSMEs transition to digital easily and seamlessly as it once again partners with the …

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno (top) said that the next administration should continue to prioritize investments in infrastructure, human capital, healthcare, and agriculture to ensure economic continuity during the Manila Times Economic Forum. The BSP will retain its macroeconomic strategy irrespective of the election result and will work with the new administration to sustain the recovery. …

How will next-gen, WiFi 6 tech impact your business?  Enterprise mobility is fast becoming a cornerstone technology for almost every business today. As a growing trend, mobility solutions enable firms to offer remote working options, allowing personal laptops and mobile devices for business purposes and using cloud technology for data access. With this technology, people can now get more things …

The Bangko Sentral ng Pilipinas (BSP) and the National Bureau of Investigation (NBI) led enforcement operations in Pampanga and Tarlac on 19 January 2022 that resulted in the arrest of four suspects. During the operations, a total of 161 counterfeit Philippine currency banknotes and 78 fake foreign banknotes were confiscated. The four suspects were charged with violating Article 168 in relation …

The conversations about how the pandemic has changed the way retailers do their business continue, especially since retailers still face significant shifts amid the ‘never normal.’ In a virtual event, ‘Retail Reimagined: How Technology Changes the Game of Retail in 2022,’ hosted last January by the Philippine Retailers Association (PRA) and co-presented by SAP SE (NYSE: SAP), Gabriel Lorenzo Santos, Industry Business …