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Globally, the transformative impact for businesses to embrace and drive sustainable development is on the rise. With the age of social media, increasing levels of public awareness exert more pressure on companies to pursue a larger social and environmental purposes, other than just augmenting profits.
Due to the difficult challenges in water, climate, energy, and waste management that humanity is facing today, the traditional concept of corporate social responsibility (CSR) has evolved to embrace new concepts such as “Environmental Social and Governance (ESG) standards,” “People, Planet, Profit,” “Impact Investing,” and “Corporate Sustainability.” These terms continue to spread in private, public, and societal spheres to exert more pressure on companies to pursue a larger social and environmental purpose.
All eyes and ears were on President Rodrigo R. Duterte as he delivered his fourth State of the Nation Address (SONA) last Monday, July 22. The speech was noteworthy as it came halfway into his term.
Time is of the essence for the rollout of infrastructure projects as President Rodrigo R. Duterte hits the halfway mark into his six-year term that ends in 2022. As soon as he assumed office in 2016, the government introduced the “Build, Build, Build” program, which aims to reduce the infrastructure gap in the country.
The Philippine poultry industry again faces a challenge after the much-dreaded avian influenza outbreak, or “bird flu,” a few years back: the lifting of the price-based special safeguard duty imposition (SSG) on imported chicken meat and products, which led to a sharp increase in importation to the detriment of the local poultry sector.
The greatest Christmas gift that all consumers could get is affordable electricity prices. As the Christmas shopping season reaches its peak, consumers would much rather spend their hard-earned bonuses on their loved ones rather than on increased electricity bills.
Last week, consumer group CitizenWatch Philippines, in partnership with Stratbase ADR Institute, hosted an energy stakeholder’s forum entitled “Energy Outlook: Supplying Rising Demand at Lower Cost.” The forum aimed to provide different stakeholders in the power industry a conducive venue to tackle the key issues affecting the real cost of electricity in view of price fluctuations, market volatility and rising energy demand.
THE inflation rate has made a considerable jump this year from 3.8% in January to 5.7% this July. This brings inflation beyond the upper end of the 2 to 4% target of the Bangko Sentral ng Pilipinas (BSP) and already within the full-year forecast of the Development Budget Coordination Committee (DBCC) at 4.5%.