MANILA, Philippines — Majority of local companies are unaware and do not engage in inclusive business, citing government bureaucracy and existing regulatory environment as main constraints, a joint study by the Board of Investments (BOI) and the United Nations Development Programme (UNDP) showed. The “Business+ Philippines” study released yesterday, which surveyed 223 local companies from […]
Read MoreMANILA, Philippines — The Philippines is leading in installing renewable energy developments in the Southeast Asian region and can still expand the presence of renewable energy footprint by targeting off-grid areas, according to the latest report of Capgemini, a French multinational professional services and business consulting firm. Based on Capgemini’s latest World Energy Market Observatory report, […]
Read MoreMANILA, Philippines — The government incurred a fiscal deficit of P234.9 billion in the first 10 months, widening by nine percent from the P216 billion shortfall recorded in the same period last year amid the Duterte administration’s efforts to ramp up public spending, the Bureau of the Treasury reported yesterday. For October alone, the government’s […]
Read MoreMANILA, Philippines — About 20 Philippine government agencies are expected to join by next year a regional online platform which seeks to facilitate trade among members of the Association of Southeast Asian Nations (ASEAN), the Department of Finance said yesterday. Finance Undersecretary Gil Beltran, head of the DOF anti-red tape team, said the 20 state […]
Read MoreMANILA, Philippines — Mining firms have invested billions of pesos to ensure responsible mining practices in the country, the Philippine Mine Safety and Environment Association (PMSEA) said. According to PMSEA, mining firms spent a lot on technology and world-class designs that could help them mitigate the risks in their operations. “Because of the technology, experience, […]
Read MoreMANILA, Philippines — More Philippine companies have reported inadequate workforce due to lack of qualified candidates, according to a World Bank report that also shows rising demand for workers with enough soft skills despite significant progress in expanding access to education. The number of Philippine firms with many unfilled vacancies climbed to 30 percent between […]
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