Sun Life Philippines targets double-digit growth in 2023

SUN LIFE of Canada (Philippines), Inc. targets sustained growth in 2023 as it looks to launch new products to cater to its clients’ needs amid higher interest rates and elevated inflation.

Taking music production up a notch

IN a world where there is a playlist or soundtrack for everyone’s daily activities, from doing an early morning workout to soothing sounds for a restful evening, Waxiefied Sound Production (WSP) has brought a more immersive way to enjoy music and improve music recordings for artists.

Stocks climb on bargain hunting ahead of data

PHILIPPINE SHARES ended in the green on Monday, testing resistance levels, on bargain hunting ahead of key US economic data.

Investigation looms after six power plants declare outages

THE Department of Energy (DoE) called on the Energy Regulatory Commission to investigate the forced outages or limited production at six power plants which caused yellow alerts, and, briefly, a red alert, to be raised over the Luzon grid on Monday.  

LANDBANK exploring financing deal for New Clark City gov’t facilities

THE Land Bank of the Philippines (LANDBANK) and the New Clark Government Center Corp. (NGCC) are exploring a financing deal to support the construction of new government buildings in New Clark City in Tarlac.

Romualdez files bill creating sovereign wealth fund

SPEAKER Ferdinand Martin G. Romualdez has filed a bill that, if passed, would create a sovereign wealth fund to be seeded by the major pension funds and government banks.

DoJ chief vows to prosecute top cops in drug war

HIGH-RANKING policemen responsible for wrongful deaths in the Duterte government’s war on drugs would be prosecuted, according to the Philippine Justice chief.

Daily COVID cases won’t top 5,000, says expert

DAILY coronavirus infections in the Philippines would probably stay below 5,000 after the entry of a new Omicron subvariant and as Filipinos celebrate Christmas next month, an infectious diseases expert said on Monday.

House measure to prevent import fraud — lawmaker

A PHILIPPINE party-list representative on Monday said imports continue to be underdeclared, with many smuggled items getting through the Bureau of Customs using spurious documents.

How SMEs can manage fluctuating peso values better

By Benedict S. Carandang
This year’s most harrowing economic trend, following the accelerated rate of inflation, is the depreciation of the Philippine peso against the US dollar. The local currency hit P50 to $1 dollar in July 2022 and continued to depreciate, eventually dropping to P59 in September and October before recovering this month to the P57 range.

Elon Musk and the confessions of an Ayn Rand reader

By Andreas Kluth
I’M FED UP reading about Elon Musk and Twitter. If you think about it, neither the spoiled-brat serial entrepreneur nor the spoiled-brat social network he bought matters a whit in a world where millions are fighting for sheer survival against evil imperialists, famine, or other disasters.

Economic projections for 2023 and beyond

By Bienvenido S. Oplas, Jr.
The BusinessWorld Economic Forum (BWEF) 2022 today, Nov. 29, has as its theme, “Forecast 2023: Opportunity in Uncertainty.” I want to contribute to the discussion on economic forecast and projections in relation to the recently concluded big annual conference, the UN Framework Convention on Climate Change (UNFCCC) 2022 or 27th Conference of Parties of UNFCCC (COP 27) in Egypt that ended on Nov. 19.
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