Home Blog Page 1060

DoT makes play for Islamic traveler with ‘Muslim-friendly’ Boracay cove

REUTERS

THE Department of Tourism (DoT) said on Wednesday that it designated a cove in Boracay as “Muslim-friendly,” featuring halal offerings and a “respectful environment for Muslim families.”

“The launch of Marhaba Boracay, an inclusive area for Muslim travelers, is a first for Boracay and in the Philippines,” Tourism Secretary Christina G. Frasco said in a statement.

The cove is located along the Boracay Newcoast private beach and is modeled on Muslim-friendly beaches in the Maldives and Thailand.

“This initiative directly responds to the feedback from our Muslim guests, particularly from the Brunei Darussalam Indonesia Malaysia Philippines East ASEAN Growth Area (BIMP-EAGA) diplomatic corps, who recognize the need for such a space on this island,” she added.

The 850-square-meter destination “allows Muslim families (to) fully enjoy their time at the beach in accordance with their beliefs,” she said.

“We envision that the Philippines will not only emerge, but thrive as a Halal and Muslim-friendly destination,” she added.

Malay, Aklan Mayor Frolibar S. Bautista said a dedicated cove for Muslims ensures that Boracay offers “not just adequate but exceptional tourism services designed for Muslim travelers.”

“Following this initiative is the creation of Boracay Halal Community Council to formally constitute this new market,” he added.

The DoT sees the Islamic tourism as a booming niche segment after arrivals from Muslim-majority countries hit 496,724 in 2023, up 120%.

In the first half, arrivals from Muslim-majority countries totaled 269,913.

The development of halal tourism involves the accreditation of Muslim-friendly accommodation establishments (MFAEs).

As of December 2023, the DoT registered 289 MFAEs and 237 Muslim-friendly restaurants nationwide. — Justine Irish D. Tabile

Domestic sugar allocation seen improving prices for producers

PHILSTAR FILE PHOTO

SUGAR FARMERS said the designation of the entire sugar harvest for the domestic market will fetch better prices for producers.

“(This) traditionally brings a more favorable price for producers, compared to other classifications of sugar,” National Federation of Sugarcane Planters President Enrique D. Rojas said in a statement on Wednesday.

The Sugar Regulatory Administration had earlier approved the classification of all sugar production for the 2024-2025 crop year as “B” sugar or for domestic use, according to Sugar Order No.1.

The regulator typically classifies domestic sugar production during the start of every crop year, based on the expected volume.

Sugar is classified as “A” for export to the United States, “B” for the domestic market, “C” for reserve sugar to be converted later into other classes, and “D” for export to the world market.

The SRA estimated a 7% drop in sugar production to 1.78 million metric tons (MMT) due to crop damage sustained during El Niño.

The government weather service, known as PAGASA (Philippine Atmospheric, Geophysical and Astronomical Services Administration), declared the onset of El Niño in June last year, bringing below-normal rainfall conditions, dry spells and droughts. It ended in June 2024.

“With the expected shortfall of domestic sugar production versus the estimated domestic demand, it is a good move on the part of the (SRA) to designated sugar production as ‘B’ sugar for the domestic market,” Mr. Rojas added.

Sugarcane production dropped 42.3% year on year to 1.63 MMT during the second quarter, the Philippine Statistics Authority said.

“We are hoping that the weather for the rest of the crop year is favorable to give us an opportunity to recover the projected production shortfall,” he said.

PAGASA forecasts a 55% probability of La Niña occurring between October and December. — Adrian H. Halili

DoTr urged to review causes of delay in stalled transport projects 

PHILSTAR FILE PHOTO

THE Department of Transportation (DoTr) must study ways to expedite stalled projects instead of cancelling them outright, analysts said.

“If projects are not moving, it is not the fault of the project itself but the institution that is supposed to be moving it along,” Nigel Paul C. Villarete, senior adviser on public-private partnerships (PPP) at the technical advisory group Libra Konsult, Inc., said via Viber.

Senator Maria Lourdes Nancy S. Binay said during a Senate hearing that the DoTr must make quick decisions on delayed projects funded by foreign loans to help the government save on commitment fees.

The Senate flagged the continued payments on projects that have been delayed or remain under review, like the Cebu Bus Rapid Transit (BRT) line and the EDSA Greenways project.

“They definitely should not terminate it. What DoTr can do is review their implementation protocols, and availability procedures and improve on them,” Mr. Villarete said.

Rene S. Santiago, former president of the Transportation Science Society of the Philippines, said the Cebu City Council in April adopted a resolution pushing to suspend civil works of the Cebu BRT.

“The absorptive capacity of DoTr is very low; its ability to translate budget to expenditure is low, which means poor budget utilization,” Mr. Santiago said.

Libra Konsult’s Mr. Villarete said terminating these projects would have a huge economic impact on the country.

“These projects were approved by the NEDA-Investment Coordinating Committee (ICC) protocols indicating the huge economic benefits these projects bring. It would be inimical to us if we give these up,” he said.

The Cebu BRT forms part of the DoTr’s flagship initiatives outlined in the National Expenditure Program for 2025.

The DoTr has said that the timeline for Cebu BRT full operations has been pushed back to 2027. The Cebu BRT is a 13.8-kilometer line with 17 stations, one terminal and one depot. — Ashley Erika O. Jose

EoPT invoicing, clarified

Whenever you buy coffee from your favorite coffee shop, or buy a new dress from a well-known clothing brand, do you always keep the receipt, or do you tend to skip it?

In every establishment, there is usually a notice posted, reminding customers to “Ask for Receipt,” though many may not even notice.

But how important are receipts?

For ordinary individuals, receipts help us track our expenses and ensure we stay within our budget. On the other hand, businesses (both large corporations and small establishments), must keep receipts to ensure that their business expenses are supported. These receipts are not just for internal tracking, but they also serve as crucial documentation to ensure compliance with the requirements under the tax rules.

When the Ease of Paying Taxes (EoPT) Act was signed into law, one of the key reforms introduced was the change in the invoicing and accounting requirements for VAT-registered persons, particularly sellers of services. In a landmark move, the EoPT removed the official receipt (OR) as the primary document for sales of services, and replaced it with the invoice, with the goal of streamlining the required documentation and aligning it with sales of goods.

The transition is welcome but not without its challenges. Earlier this year, the BIR issued several Revenue Regulations (RR) to implement the revised invoicing requirements of the EoPT: RRs 3-2024, 7-2024 and 11-2024. While the requirements took effect on April 27, 2024, questions still come to mind when reviewing these RRs. Fortunately, the BIR released Revenue Memorandum Circular (RMC) 77-2024 as clarification.

Over the past few months, many of my clients have asked me about the new invoicing rules laid out in the EoPT. Let me summarize the most common concerns taxpayers may encounter during this transition:

1. The invoice must contain the relevant information of the seller and buyer, and shall also indicate the transaction details (including the quantity, unit cost and description or nature of service, and applicable VAT rate/amount or exemption) as outlined under Section 6(B) of RR 7-2024. The information is generally similar to the previous requirements, except for the removal of business style which was formally removed from the Tax Code by the EoPT.

2. Sellers have the option to either continue issuing their unused ORs as supplementary documents, or convert them to invoices until fully consumed. If they opt to convert these to invoices, the term “Official Receipt” (or Billing Statement/Statement of Account) on the face of the manual and loose leaf printed receipt must be stricken out, and be stamped with the word “invoice.” It’s important that the converted invoices contain the required information and details above, although missing information may also be stamped on the document upon conversion.

3. Sellers engaged in the sale of goods (on charge or credit) and services, who have issued an invoice at the time of sale, may issue an OR or acknowledgement receipt upon collection/receipt of payment from customers, instead of another invoice.

4. Taxpayers may use more than one type of invoice, as long as the correct type of invoice is issued for the transaction (e.g., cash invoice for cash sales; credit/charge invoice for sales on credit). However, to be practical, taxpayers may also consider maintaining just one set of invoices for all its sales transactions.

Prior approval is generally not needed for taxpayers transitioning to the new requirements, although taxpayers should take note of certain notifications and subsequent approvals, depending on the type of invoices issued by sellers.

Taxpayers using manual and loose leaf ORs may proceed to stamp the word “Invoice” on the remaining unused OR booklets, subject to the submission of an Inventory Report of the unused ORs to the BIR (due on July 31, 2024). Once the report is submitted, they are required to obtain newly printed invoices with an Authority to Print (ATP) prior to their full consumption of the converted ORs.

Taxpayers using Cash Register Machines (CRMs), Point-of-sale (POS) machines, and e-receipting or electronic invoicing software do not need to reset the series number when they convert their ORs to invoices. The converted invoice shall start by continuing the series from the last issued OR. Note that taxpayers must still submit a Notice on the Renaming of ORs to Invoice to the appropriate BIR office, or through the Taxpayer Registration Related Application (TRRA) Portal via e-mail within 30 days from the completion of the machine/system reconfiguration/enhancement, or on Dec. 31, 2024, whichever comes first.

Finally, those using a Computerized Accounting System (CAS) or Computerized Books of Account with Accounting Records are required to update their system registration to complete the adjustments required under the EoPT. These major enhancements must be carried out by Dec. 31, 2024, although this deadline may be extended no later than June 30, 2025, subject to BIR approval.

Ensuring compliance with the above requirements, along with the other rules provided for in the regulations, is crucial. Failure to do so may result in penalties or much worse consequences. For instance, the issuance of ORs as primary documents after April 27, 2024 will be considered tantamount to failure to issue an invoice, which is subject to penalty of P1,000 to P50,000. Criminal penalties may also apply.

If a VAT-registered taxpayer issues an invoice with incomplete information, the seller will be liable for non-compliance with the invoicing requirements, which may be subject to fines of up to P50,000, and criminal penalties. Nevertheless, the buyer is given some protection as it shall still be allowed to claim the corresponding input VAT as long as the key information is in the invoice, specifically, the sales amount, VAT amount, registered name and TIN of the buyer and seller, description of goods/ nature of services, and transaction date.

While the EoPT was passed with the primary objective of providing relief to taxpayers, the transition period has been challenging. Taxpayers’ compliance with these new requirements will soon be tested, as the BIR has begun issuing Notices/Letters of Authority for VAT investigation/assessment for the first half of 2024.

Hopefully, during the tax investigations, the BIR will exercise leniency, recognizing these challenges and difficult adjustments taxpayers have had to comply with under the EoPT.

The views or opinions expressed in this article are solely those of the author and do not necessarily represent those of Isla Lipana & Co. The content is for general information purposes only, and should not be used as a substitute for specific advice.

 

Angelika Valmonte is a manager at the Tax Services department of Isla Lipana & Co., a Philippine member firm of the PwC network.

valmonte.angelika@pwc.com

Harris puts Trump on defensive in fiery debate

REPUBLICAN presidential nominee, former US President Donald Trump and Democratic presidential nominee, US Vice-President Kamala Harris shake hands as they arrive at their podiums to attend a presidential debate hosted by ABC in Philadelphia, Pennsylvania, US, Sept. 10, 2024. — REUTERS

Pop star Taylor Swift backs Harris in boost to campaign

PHILADELPHIA — Democratic candidate Kamala Harris put her Republican rival Donald Trump on the defensive in a combative presidential debate on Tuesday with a stream of attacks on his fitness for office, his support of abortion restrictions and his myriad legal woes.

A former prosecutor, Ms. Harris, 59, controlled the debate from the start, getting under her rival’s skin repeatedly and prompting a visibly angry Mr. Trump, 78, to deliver a series of falsehood-filled retorts.

At one point, she goaded the former president by saying that people often leave his campaign rallies early “out of exhaustion and boredom.”

Mr. Trump, who has been frustrated by the size of Ms. Harris’ own crowds, said, “My rallies, we have the biggest rallies, the most incredible rallies in the history of politics.”

He then pivoted to a false claim about immigrants eating pets in Springfield, Ohio, that has circulated on social media and was amplified by Mr. Trump’s vice-presidential candidate, Senator JD Vance.

“They’re eating the dogs!” he said, as Ms. Harris laughed in disbelief. “The people that came in, they’re eating the cats! They’re eating the pets of the people that live there.”

“Talk about extreme,” Ms. Harris replied.

With eight weeks to go before the election, and days until early voting starts in some states, the debate — the only one scheduled — offered a rare opportunity for both candidates to make their case for a television audience of tens of millions of voters.

The candidates clashed over immigration, foreign policy and healthcare, but the debate was light on specific policy details.

Instead, Ms. Harris’ forceful approach succeeded in putting the focus on Mr. Trump, leaving her allies jubilant and some Republicans acknowledging Mr. Trump’s struggles.

Mr. Trump repeated his false claim that his 2020 election defeat was due to fraud, called Ms. Harris a “Marxist” and asserted falsely that migrants have caused a violent crime spree.

“Trump missed an opportunity to stay focused prosecuting the case against Biden-Harris on the economy and border, and instead took her bait and chased down rabbit holes on election denialism and immigrants eating our pets,” said Marc Short, who served as chief of staff for Mr. Trump’s former Vice-President Mike Pence.

SWIFT ENDORSEMENT
In a boost to the Harris campaign, pop megastar Taylor Swift told her 283 million followers on Instagram immediately following the debate that she would back Vice-President Harris and her running mate Tim Walz in the Nov. 5 election.

She signed it “childless cat lady,” a reference to controversial remarks made by Mr. Vance.

Online prediction market PredictIt’s 2024 presidential general election market showed Mr. Trump’s likelihood of victory declining during the debate, to 47% from 52%. Ms. Harris’ odds improved to 55% from 53%.

In a sign of confidence in the debate’s outcome, Ms. Harris’ campaign challenged Mr. Trump to a second round in October.

Mr. Trump afterwards took the rare step of going into the nearby “spin room,” a job usually left to supporters, where he told reporters, “This was my best debate.”

Asked about the Harris campaign seeking a second debate, Mr. Trump told Fox News: “She wants it because she lost.”

“I have to think about it, but if you won the debate, I sort of think maybe I shouldn’t do it. Why should I do another debate?” he said.

Mr. Trump, who has spent weeks launching personal attacks on Ms. Harris including racist and sexist insults, largely avoided that pattern during the debate’s early moments but quickly became agitated under Ms. Harris’ offensive.

Mr. Trump was asked by the moderators about one of those attacks, when he told an event with Black journalists in July that Ms. Harris had recently “become a Black person.”

“I couldn’t care less,” he said. “Whatever she wants to be is OK with me.”

Ms. Harris, who has both Black and South Asian heritage, responded, “I think it’s a tragedy that we have someone who wants to be president who has consistently over the course of his career attempted to use race to divide the American people.”

She criticized Mr. Trump over his criminal conviction for covering up hush money payments to a porn star as well as his other indictments and a civil judgment finding him liable for sexual assault. Trump has denied wrongdoing and again accused Ms. Harris and the Democrats of orchestrating all of the cases without evidence.

The debate got under way at 9 p.m. ET (0100 GMT on Wednesday) with a surprise handshake between the two opponents, who had never met before. Ms. Harris approached Mr. Trump at his lectern, introducing herself by name, in what was the first handshake at a presidential debate since 2016.

The encounter was particularly important for Ms. Harris, with opinion polls showing that more than a quarter of likely voters feel they do not know enough about her. Harris entered the race only seven weeks ago after President Joseph Biden’s exit.

Ms. Harris delivered a lengthy attack on abortion limits, speaking passionately about women denied emergency care and victims of incest unable to terminate their pregnancies due to statewide bans that have proliferated since the US Supreme Court eliminated a nationwide right in 2022. Three Trump appointees were in the majority of that ruling.

She also claimed Mr. Trump would support a national ban. Mr. Trump called that assertion untrue but declined to say explicitly that he would veto such a law.

Mr. Trump, who has sometimes struggled with messaging on abortion, said falsely that Ms. Harris and Democrats support infanticide, which — as ABC News moderator Linsey Davis noted — is illegal in every state.

Ms. Harris also sought to tie Mr. Trump to Project 2025, a conservative policy blueprint that proposes expanding executive power, eliminating environmental regulations and making it illegal to ship abortion pills across state lines, among other right-wing goals.

Mr. Trump retorted that he has “nothing to do” with Project 2025, though some of his advisers were involved in its creation.

Ron Bonjean, a Republican strategist, said Mr. Trump “didn’t do himself any favors” but added that it remains unclear whether Ms. Harris’ performance will change the race’s dynamics. Polls show a vast majority of Americans have made up their minds, leaving a small sliver of undecided voters up for grabs.

CLASHES ON ECONOMY, FOREIGN POLICY
The candidates opened the debate by focusing on the economy, an issue that opinion polls show favors Mr. Trump.

Ms. Harris attacked Mr. Trump’s intention to impose high tariffs on foreign goods — a proposal she has likened to a sales tax on the middle class — while touting her plan to offer tax benefits to families and small businesses.

Mr. Trump criticized Ms. Harris for the persistent inflation during the Biden administration’s term, though he overstated the level of price increases. Inflation, he said, “has been a disaster for people, for the middle class, for every class.”

The candidates also exchanged barbs over the Israel-Gaza war and the Russian invasion of Ukraine, though neither offered specifics on how they would seek to end each conflict.

Ms. Harris accused Mr. Trump of being willing to abandon US support for Ukraine to curry favor with Russian President Vladimir Putin, calling Mr. Trump a “disgrace,” while Mr. Trump claimed Ms. Harris “hates” Israel — an assertion she rejected.

Presidential debates do not necessarily change voters’ minds, but they can be deeply consequential. Mr. Biden’s poor performance against Mr. Trump in June led him to abandon his campaign on July 21.

In a contest that could again come down to tens of thousands of votes in a handful of states, even a small shift in public opinion could alter the outcome. The two candidates are effectively tied in the seven battleground states likely to decide the election, according to polling averages compiled by the New York Times. — Reuters

Books in, screens out: Finland rethinking rapid digitalization in schools

FREEPIK

RIIHIMAKI, Finland — This autumn, pupils in the Finnish town of Riihimaki headed back to school with backpacks full of books after a decade of state-backed promotion of laptops and other digital devices in the classroom.

Finland’s public education system has gained global renown for its good results in recent decades and its readiness to try new teaching techniques. Until recently, many schools gave laptops for free to all pupils from as early as age 11.

But Finnish parents and teachers, as elsewhere, have become increasingly concerned over the impact of screens on children.

So Riihimaki, a town of some 30,000 inhabitants 70 km (44 mi) north of Helsinki which since 2018 had stopped using most books in middle schools, is trying something different for the start of this academic year: going back to pen and paper.

“Young people are using phones and digital devices so much these days that we didn’t want school to be one of the places where children are only staring at screens,” said Maija Kaunonen, an English teacher at Pohjolanrinne middle school.

The constant distractions that come with the use of digital devices make many children restless and too flighty to focus.

“Most students just did the exercises as quick as they could so they could then move on to playing games and chatting on social media,” she told Reuters during a break in class.

“And it took them no time at all to change tabs in the browser. So when the teacher came round to them, they could say: ‘Yes, I was doing this exercise’.”

Across Finland, children’s learning results have been slowly eroding in recent years, prompting the government to plan new legislation to ban the use of personal devices, such as phones, during school hours to cut back on children’s screen time.

IMPROVED CONCENTRATION
One of Kaunonen’s pupils, Elle Sokka, 14, said she did not always focus on the school subjects when learning digitally.

“Sometimes I would drift off to different websites,” she said.

Eighth graders Miko Mantila and Inka Warro, both 14, said their concentration has improved since books came back.

“Reading, for one, is much easier and I can read much faster from books,” Mantila said, though he added that writing was easier on a digital device.

“And if you have to do homework late at night, it’s easier to go to sleep when you haven’t just been looking at a device,” Warro said.

Minna Peltopuro, a clinical neuropsychologist working with the town on the change, said the total screen time should be cut to a minimum — Finnish teenagers currently stare at screen for up to six hours per day on average — as excessive digital use comes with both physical and mental risks, such as eye problems and growing anxiety.

“Another one is multi-tasking,” she said. “The brain is very vulnerable to multi-tasking and especially at a young age one cannot manage it well.” — Reuters

Apple tax bonanza hands Ireland political, reputational headache

DUBLIN — A European Union (EU) court order that Apple pay Ireland 13 billion euros ($14.4 billion) in back taxes triggered mixed feelings in Dublin on Tuesday as the government assessed possible reputational damage and rebuffed opposition calls for the cash to be spent quickly.

Ireland had fought the EU back-tax bill alongside Apple since 2016, seeking to defend its position as the location of choice for U.S. multinationals in Europe — and the billions of euros in direct and indirect taxes they bring in each year.

The government played down the finding by the Court of Justice of the European Union that it granted the iPhone maker unlawful aid through its tax treatment as an issue “of historical relevance only” due to changes in tax rules since.

But it reluctantly accepted that it must now take the back taxes held in an escrow fund estimated at 13.8 billion euros.

Finance Minister Jack Chambers said ministers would “carefully consider” in the coming weeks how best to use the money but that it would not be added to next month’s budget pot.

Opposition parties, who have criticized the government’s decision in 2016 to join Apple in appealing the ruling, repeated calls for the windfall to be used quickly to fix a housing crisis and help fund stretched services like healthcare.

“If they (the government) had their way, the taxpayer would be down more than 13 billion euros… The mind boggles,” Mary Lou McDonald, leader of the main opposition Sinn Fein party, told reporters.

The government has already set out plans to cut taxes and hike spending in an 8.3 billion euro pre-election Oct. 1 budget, to the extent that it will break its own fiscal rule, meant to cap spending growth at 5%.

Ireland is already taking in more tax than it can spend — primarily due to surging corporate tax receipts paid by foreign companies like Apple — and has set up a new sovereign wealth fund it hopes to grow to 100 billion euros by 2035.

It expects to take in 24.5 billion euros in corporate tax this year, mainly from big foreign multinationals, and had collected significantly more than expected by the end of August.

Spending Minister Paschal Donohoe said increasing spending any further now risked stoking inflation again just as it has stabilized at around 1%.

Other EU countries might also lay claim to part of the funds following Tuesday’s final ruling in the antitrust case, although Chambers said it was not yet possible to comment on whether they would do so.

REPUTATIONAL DAMAGE
Foreign multinationals, attracted in large part due to low tax rates, make up around 11% of the entire labour market in Ireland — twice the workforce they had when the Apple controversy broke in 2013.

Peter Vale, tax partner at Grant Thornton, said Tuesday’s ruling might do temporary damage to Ireland’s reputation but was unlikely to impact foreign direct investment.

“While it does relate to a bygone era, even last week, (ex-US President Donald) Trump accused Ireland of being a tax haven,” Vale said. “We’ll vigorously defend that, but it only adds further fuel to the fire to those sort of assertions.”

Since the EU order in 2016, Ireland has made a number of changes to its corporate tax code and did the once unthinkable by dropping opposition to giving up its prized 12.5% corporate tax rate as part of an overhaul of global tax rules. — Reuters

BusinessWorld partners with WorkL in search of ‘Best Places to Work’ in the Philippines

BusinessWorld, the Philippines’ longest-running and most trusted business newspaper and multimedia content provider, announces that it has joined forces with WorkL, the global employee experience platform that measures, tracks, and improves employee engagement and employee happiness at work, to reveal the best places to work in the Philippines.

BusinessWorld’s Best Places to Work 2025 awards are now open for organizations across the Philippines to enter and get included within the prestigious list, which aims to help them attract and retain talent.

The Best Places to Work 2025 list will be based on results from a survey to entrant organizations, which features 31 questions centered around WorkL’s widely approved employee engagement theory, the Six Steps to Workplace Happiness. Developed by behavioral scientists, data analysts, psychologists, business leaders, academics and other independent parties, the survey accurately monitors employee engagement and well-being in the workplace. Entrants to the list will send the survey to their employees via a personalized link.

To achieve a high overall engagement score, a company must consistently perform well across WorkL’s Six Steps, which encompasses Reward and Recognition, Instilling Pride, Information Sharing, Empowerment, Wellbeing, and Job Satisfaction. Each of WorkL’s Six Steps consists of between three and five key elements, which are measured on a 0-10 scale.

The Best Places to Work 2025 awards will recognize organizations with the highest levels of employee engagement, well-being, and satisfaction.

Furthermore, businesses will be recognized by company size and by the following categories:

  • Best Places to Work: Small Organization (10-49 Employees)
  • Best Places to Work: Medium Organization (50-249 Employees)
  • Best Places to Work: Big Organization (250-1,999 Employees)
  • Best Places to Work: Very Big Organization (2,000+ Employees)
  • Best Places to Work for women
  • Best Places to Work for disabled employees
  • Best Places to Work for ethnic minority employees
  • Best Places to Work for LGBTQA+ employees
  • Best Places to Work for 16-34 year olds
  • Best Places to Work for 55+ year olds
  • Best Places to Work for employee well-being

Beyond getting in the list and possibly receiving accolades, businesses entering the Best Places to Work 2025 list will not only get to understand their own Flight Risk score (how likely an employee is to leave the organization within the next nine months), but also understand their organization’s overall engagement score, their Confidence in Management indicator, Diversity & Inclusion Indicator, Net Promoter Score (how likely an employee is to recommend their organization as a place to work to friends and family), and their Six Steps to Workplace Engagement Scores. Businesses will also get to have these data benchmarked against global and industry scores.

Those opting for the enhanced option in signing up for the list will receive their own personalized Instant Action Planning, Action Plans around WorkL’s Six Steps to Workplace Happiness, Heatmaps on all WorkL standard questions, and the ability to filter results by several demographics such as age and length of service.

BusinessWorld is also offering a free digital subscription to its publication via its e-commerce site BWorldX for all organizations who enter this initiative.

The deadline for entry is on April 25, 2025, and results will be announced the following June.

WorkL, which was launched in the UK in 2017, already holds data on the state of work-life in the Philippines, which shows that the current employee engagement score, as of July 2024 was 80%, well above the global average of 70%. Flight Risk for employees in the country is also extremely low, at just 10% compared to a global average of 25%.

WorkL already powers a number of Best Places to Work Awards in the UK, Ireland, South Africa, Australia and the UAE. To find out more, visit https://business.workl.com/workplace-awards.

Lord Mark Price, founder of WorkL, comments: “Launching these awards with BusinessWorld will help employers in the Philippines to better understand their workforce as well as support employees looking for best places to work. We are delighted to be in partnership and look forward to a fruitful working relationship.”

Cathy Rose Garcia, editor-in-chief of BusinessWorld, says: “We are pleased to partner with WorkL to bring the Best Places to Work Awards to the Philippines. The awards will celebrate organizations that value employee engagement and employee well-being. This partnership reflects our commitment to recognize Philippine businesses that set high standards for workplace excellence.”

To enter the BWorld Best Places to Work Awards, click http://bit.ly/3ZhtnD8. Visit https://bit.ly/4cXQlm3 for more information.

 


Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.

Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.

VSTECS appointed as authorized distributor for Extreme Networks in the Philippines

Presentation of Plaque of Distributorship: In the photo (L-R) are Marlon Bardinas, Systems Engineer/Philippines, Extreme Networks; Darwin Luzuriaga, Systems Engineer, Hospitality, APAC, Extreme Networks; Lisle Tan, Country Manager/Philippines, Extreme Networks; Chrishelle Zi, Distributor Partner Account Manager, ASEAN, Extreme Networks; Tock Hiong Ng, Director of Systems Engineering, APAC, Extreme Networks; Vivien Ang, Director of Sales, ASEAN, Extreme Networks; Jimmy Go, President and CEO, VSTECS; Hock Leong Choo, Director of Channel Sales, APAC, Extreme Networks; Nova Marqueta, Sales & Marketing Manager, Network Technology Group 1, VSTECS; Cherry Centeno, VP and Group GM, Value Business Group, VSTECS; and Justin Rivera, Manager, TPS Group B, VSTECS.

VSTECS Phils., Inc., the leading ICT distributor in the Philippines, is proud to announce its appointment as the authorized distributor of Extreme Networks, a global front-runner in cloud-driven networking solutions, trusted by more than half of the Fortune 50, and a Six-Time Leader in Gartner Magic Quadrant for Enterprise Wired and Wireless LAN Infrastructure and a 7X winner in Gartner Peer Insights Customer’s Choice. This strategic partnership empowers VSTECS to market, sell, and distribute the full suite of Extreme Networks products, including network access control, network analytics, network management, network packet broker, routers, SD-WAN, switches, Wi-Fi access points & Wi-Fi management solutions across the Philippines.

In today’s interconnected world, networks serve as the backbone that seamlessly connects people, computers, applications, and devices, enabling all forms of communication — be it voice, text, or video. They are the driving force behind the digital tools that businesses depend on to enhance efficiency, boost productivity, and elevate customer responsiveness.

Through this partnership, VSTECS will empower Philippine enterprises with access to Extreme Networks’ comprehensive portfolio, ensuring they have the advanced tools needed to build and maintain networks that are not only resilient but also equipped to support and accelerate their digital transformation initiatives.

Jimmy Go, President and CEO of VSTECS Phils., Inc., shared his excitement about the new partnership: “We are honored to be appointed as the authorized distributor of Extreme Networks in the Philippines. This collaboration aligns with our commitment to providing our channel partners with cutting-edge technology that enhances their business operations. By bringing Extreme Networks’ advanced solutions to the market, we are enabling businesses to improve their agility, strengthen their security posture, and stay ahead in today’s competitive landscape.”

“We believe that technology is a critical enabler of business success, especially in today’s fast-paced digital environment,” Mr. Go added. “By offering Extreme Networks’ solutions, we are providing our customers with the essential tools they need to build resilient networks that can adapt to changing business demands and technological advancements. “Extreme Networks’ innovative solutions are designed to meet the evolving needs of modern enterprises, providing the foundation for secure, reliable, and high-performance networks that drive business agility and resilience.”

With the addition of Extreme Networks solutions to its extensive portfolio, VSTECS continues to solidify its position as the go-to partner for enterprises seeking to leverage technology to drive innovation and business success. The collaboration will enable businesses to deploy state-of-the-art networking infrastructure that supports their growth, enhances operational efficiency, and improves overall customer experience.

“We are delighted to embark on this journey with VSTECS. This collaboration presents an exciting opportunity for us to amplify our impact and reach new heights of success. Together, we can leverage our strengths and resources to achieve remarkable results and make a lasting difference in the Philippines Region,” said Hock Leong Choo, Director of APAC Channel at Extreme Networks.

About VSTECS Phils., Inc.

VSTECS Philippines is the leading and largest ICT distributor in the country, recognized for its extensive portfolio of products, solutions, and services across diverse market segments. Our portfolio is unparalleled, representing over 100 renowned brands and encompassing a wide range of technology solutions, we have established ourselves as the go-to partner for businesses in need of reliable, state-of-the-art solutions to address their evolving ICT needs. Our meticulously tailored solutions serve the retail, mobility, commercial, and enterprise markets, precisely meeting industry-specific requirements and driving innovation across sectors.

About Extreme Networks

Extreme Networks, Inc. (EXTR) is a leader in cloud networking focused on delivering services that connect devices, applications, and people in new ways. We push the boundaries of technology leveraging the powers of machine learning, artificial intelligence, analytics, and automation. 50,000 customers globally trust our end-to-end, cloud-driven networking solutions and rely on our top-rated services and support to accelerate their digital transformation efforts and deliver progress like never before. For more information, visit Extreme’s website at https://www.extremenetworks.com or follow us on LinkedIn, YouTube, Twitter, Facebook or Instagram.

 


Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.

Join us on Viber at https://bit.ly/3hv6bLA to get more updates and subscribe to BusinessWorld’s titles and get exclusive content through www.bworld-x.com.

Vietnam’s export hub factories may face weeks of disruption after Typhoon Yagi

MATT W NEWMAN-UNSPLASH

 – Typhoon Yagi severely damaged a large number of factories and flooded warehouses in northern Vietnam’s export-oriented industrial hubs, forcing plants to shut, with some expected to take weeks to resume full operations, executives said.

The typhoon, the strongest in Asia this year, made landfall in Vietnam’s northern coast on Saturday and was still causing deadly floods and landslides on Wednesday killing dozens and ravaging key infrastructure, including power networks and roads.

The disruptions could affect global supply chains as Vietnam hosts large operations of multinationals that mostly export their products to the United States, Europe and other developed countries.

In the coastal city of Haiphong, one of the areas worst hit by the typhoon, 95% of businesses were expected to resume some activities on Tuesday, the body managing Haiphong industrial zones said on its website.

“Many businesses had their roofs blown off, some walls were torn and collapsed, gates, fences, signs, camera systems, garages and sliding metal doors were overturned, water flooded into factories,” a report on its website said.

In the DEEP C industrial zones, which host factories in Haiphong and the neighboring province of Quang Ninh, 20 out of 150 investors’ plants will be out of service for at least a few weeks, said Bruno Jaspaert, head of DEEP C industrial zones.

Based on a review of his clients, he expected power consumption at those facilities would remain one-third below normal for weeks or months because many companies were busy rebuilding their damaged factories.

Among the hardest hit at that industrial park was Jupiter Logistics, which is part of a group co-owned by Japan Airlines Co Ltd, according to one official familiar with the survey of the damage.

Jupiter Logistics was not immediately available to comment.

Goods ready for export or delivery to clients were flooded in warehouses in the area, companies said.

In another industrial park in Haiphong, South Korea’s LG Electronics said it had partly resumed work on Tuesday, although the factory’s walls were crushed on Saturday and a warehouse with refrigerators and washing machines had been flooded.

“Many of them are gone with the wind,” said Calvin Nguyen, head of Vietnamese logistics firm WeDo Forwarding Co., referring to products that were to be delivered to the United States and the European Union, without specifying which goods.

The company’s three warehouses in Haiphong had their roofs blown off and were still flooded on Wednesday, he said.

The industry ministry did not reply to a request for comment.

 

POWER CUTS

Power outages were still affecting several areas in the north, as Vietnam’s state-owned power distributor EVN worked to restore dozens of damaged electricity lines.

In Quang Ninh, along the coast north of Haiphong, many factories still had no electricity or water service, Mr. Jaspaert said.

Chinese solar panel maker Jinko Solar’s factory in Quang Ninh was severely damaged, one of its workers said, noting on Tuesday work had not resumed as windows had been smashed and the roof had been blown away.

Jinko was not immediately available for a comment.

Far from the coast, the industrial hubs of Thai Nguyen and Bac Giang which host large factories of multinationals such as Samsung Electronics and Apple supplier Foxconn were also facing severe flooding.

Samsung’s large facilities in Thai Nguyen had not been visibly affected on Tuesday evening, according to a Reuters witness.

Water was receding on Wednesday in the province, about 60 km (37 miles) north of Hanoi, but more rain was expected. – Reuters

EU, China should build bridges, avoid trade war, says Spanish prime minister

SPAIN’s Prime Minister Pedro Sanchez attends a news conference, sans tie, at the Moncloa Palace in Madrid, Spain, July 29. — MONCLOA PALACE/FERNANDO CALVO/POOL VIA REUTERS

 – Spanish Prime Minister Pedro Sanchez said on Wednesday there does not need to be a trade war between the European Union and China, and the two sides should seek to find a compromise around planned tariffs.

Mr. Sanchez made the remarks while speaking at an event at Mondragon Industrial Park in Kunshan, a city neighboring Shanghai.

He was addressing the European Commission’s move to conduct an anti-subsidy investigation into EVs made in China and the EU weighing hefty tariffs. The EU has revised some duties or lowered final proposed tariffs, which members are expected to vote on in October.

This week, China renewed negotiation efforts seeking to overturn the proposed duties on Chinese EVs.

When asked whether Spain would reconsider its vote on EU tariffs on Chinese made EVs, Mr. Sanchez said: “I have to be frank, we have to reconsider our position, all of us. Not only the member states but also the commission.”

“We don’t need another war, in this case a trade war. I think we need to build bridges between the European Union and China, and from Spain we will be constructive and try to find a compromise between China and the European Commission,” Mr. Sanchez said.

Mr. Sanchez met local business people and entrepreneurs at an event before the press conference. He also spoke to local government officials.

He was in China for a regular state visit. On Monday, in a meeting with China’s President Xi Jinping, he also said he hoped the European Union could avoid a trade war with China.

“The government of Spain wants to consolidate the growth of our trade relations and investment with China, with a focus on green and innovative industries and avoiding that trade and geopolitical tensions damage them,” Mr. Sanchez said on Wednesday.

“Nevertheless, as I said earlier, I believe that it is undeniable that these relations need to be balanced.” – Reuters

Taylor Swift says she will vote for Kamala Harris

TAYLOR SWIFT in a scene from the 2023 concert movie Taylor Swift: The Eras Tour.

– US pop megastar Taylor Swift endorsed Democratic Vice President Kamala Harris late on Tuesday after her presidential debate against Republican former President Donald Trump.

Ms. Swift made the endorsement in a post on Instagram and said she will vote for the US vice president in the Nov. 5 U.S. election which polls show to be very tight.

Ms. Swift included an image of herself with her cat in her postwhich she signed as “childless cat lady,” in an apparent dig at remarks previously made by Mr. Trump’s running mate JD Vance, who in a 2021 interview called some leading Democrats “a bunch of childless cat ladies.” He has since said it was merely a “sarcastic remark.”

I will be casting my vote for Kamala Harris and Tim Walz in the 2024 Presidential Election. I’m voting for @kamalaharris because she fights for the rights and causes I believe need a warrior to champion them,” Ms. Swift said in her post.

The endorsement is the biggest for Harris from the entertainment industry. Many Hollywood actors, producers and filmmakers have said they viewed Harris, a native Californian, as their hometown candidate.

Ms. Harris shares a home with her husband, Doug Emhoff, a former entertainment lawyer, in the celebrity enclave of Brentwood on the west side of Los Angeles.

In August, Mr. Trump posted a fake social media image of Ms. Swift asking people to vote for him in the November election.

Ms. Swift made a reference to that in her post late on Tuesday, saying Mr. Trump’s move “really conjured up my fears around AI, and the dangers of spreading misinformation.” She added: “It brought me to the conclusion that I need to be very transparent about my actual plans for this election as a voter.”

Swift has supported Democrats in the past. She backed President Joe Biden in 2020.

Harris‘ running mate Tim Walz, who was on air on MSNBC when the endorsement was announced, said he was “incredibly grateful.”

“Get things going,” Mr. Walz said in an appeal to “Swifties” when asked about the endorsement. – Reuters