The art of a US deal

By Marvin Tort
It seems unlikely that the Philippines will secure a significantly better trade deal from the United States between now and 2028. With the 19%...

Democratization of higher education and responsible internationalization:Bridging the gap towards an accessible and inclusive...

By Pilar Preciousa Pajayon-Berse, Ph.D.
Broadly defined, democratization is the process of applying the principles of democracy to a given structure or system, allowing the same to exist in a more participative and open society (United Nations, 1996). In the context of higher education, democratization means the process of making higher education accessible and available to anyone who wants to access it for different purposes (Blessinger, 2015). One such purpose -- despite the system being unique per country given variations in socio-political and demographic contexts -- is the production or creation of knowledge. This has resulted in a pronounced increase in the worldwide demand for higher education, corresponded by an even more rapid increase in supply from higher education institutions (HEIs). In a 2014 publication by the Organization for Economic Co-operation and Development (OECD), higher education participation in 2009 reached as many as 165 million students across the OECD member countries and selected non-OECD member countries, with enrollment projected to reach 262 million by 2025. In Asia, enrollment rates have been on the rise over the past two decades. By 2025, the projected enrollment for higher education in Asia is expected to reach over 300 million (Calderon, UNESCO, 2018). Such explosive growth in higher education participation in Asia is affected by an increased population over the past 20 years, along with emphasis placed on the relationship of education and an individual’s subsequent opportunities in life (UNESCO Institute for Statistics, 2014).

Skills development strategies for future labor markets in the Philippines

By Kristine C. Francisco-Alcantara
In today’s fast-paced and rapidly evolving business environment, the need for skilled and adaptable labor is more vital than ever before.

Understanding the new COVID-19 strain

By Andrew J. Masigan
Paranoia is sweeping the land again as a new strain of the coronavirus has emerged.

Spain’s blackout and lessons for the Philippines

By Bienvenido S. Oplas, Jr.
The big blackout that hit Spain, Portugal, and parts of southern France on April 28 starting 12:35 p.m. was a big blackeye to pushers...

Living our independence with unity, vigilance, and resolve

By Victor Andres C. Manhit
Every June 12, we celebrate the day we stood before the world and claimed our place as an independent, self-governing nation. It’s a moment...

The visitorial and enforcement powers of the secretary of labor and employment

By Martin Luigi Samson
The labor force is the pillar of the Philippine economy, and ensuring fair and just working conditions is vital in order maintain a productive...

Wishful thinking

By Maria Victoria Rufino
Now that the world is shedding the shackles of the pandemic lockdown, people are suddenly free to do “revenge travel.”

Straight to the bottom line

IN TERMS of evaluating a company’s performance, there’s no better number to look at than net income, or the “bottom line.” Even with the cash flow approach, another measure uses Earnings Before Interest, Taxes, Depreciation, and Amortizations (EBITDA). Companies use the bottom line for comparing one period with another, whether success so far is sustainable or whether it is declining. Others in dire straits with the bottom number embraced in parentheses check to see how much time is needed for a turnaround and what steps need to be taken.

Over New York, London, and Hong Kong? Time to move on

By Anjani Trivedi
THE FINANCIAL CAPITALS of the world have lost their luster. The bright lights of New York City seem to have dimmed. London has far too many issues to contend with, from inflation, messy politics, and homes not built for the heat to a dysfunctional international airport.

US-China deal will be a short-term truce

THERE are times, including in armed conflict, when adversaries see it in their own interests to opt for a truce and sell it to the outside world as a stepping stone to a comprehensive peace. But both sides know it will be only a prelude to renewed tensions down the road.

Energy Trilemma and high mandatory RE

By Bienvenido S. Oplas, Jr.
As usual, there are many interesting stories weekly in the Philippines energy sector but these three recent reports in BusinessWorld are of particular importance.