MANILA, Philippines — The Bureau of Customs has automated roughly 82 percent of its procedures under the Duterte administration through its modernization program, an accomplishment that the BOC says allowed it to exceed its collection targets even during the pandemic. The BOC yesterday reported that it streamlined at least 139 of its 170 processes in […]
Read MoreMANILA, Philippines — North Star Meat Merchants Inc., one of the largest pork and beef vendors in the country, has filed with the Securities and Exchange Commission (SEC) a registration statement for an initial public offering of up to P4.5 billion. North Star said it would offer up to 392 million common shares plus an […]
Read MoreBut warns of breach in inflation targets MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has kept interest rates at record lows despite growing pressure to raise them, signalling it can pursue monetary action if inflation spirals upward in the coming months. BSP Governor Benjamin Diokno yesterday said the policy-setting Monetary Board decided to […]
Read MoreMANILA, Philippines — Philippine organizations are putting a premium on data privacy, with 82 percent of respondents in the country considering privacy a business imperative, a new Cisco study showed. Cisco’s 2022 Data Privacy Benchmark Study surveyed more than 4,900 security, IT, and privacy professionals across 27 countries, including the Philippines, to get their insights […]
Read MoreTHE Bangko Sentral ng Pilipinas (BSP) risks losing control of inflation if it continues to delay the tightening of its monetary policy, an analyst warned. Nicholas Antonio Mapa, ING Bank Manila senior economist, said in a commentary released on Wednesday that despite rate hikes by the world’s most important central banks — with promises of […]
Read MoreMANILA, Philippines — The Philippines needs to ramp up its investments on school infrastructure, as the country continues to lag behind, and the widening gap is impacting learning outcome among students. In a discussion paper, state-run think tank Philippine Institute for Development Studies (PIDS) said existing problems in the basic education sector is highlighting the […]
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