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PHL schools need new curriculum to boost talent competitiveness

THE Philippines should improve the education curriculum to boost competitiveness of its future workers, business leaders said.

Dyson plans software lab in Alabang, eyes local technical people

BRITISH technology company Dyson Ltd. is planning to open a software lab in Alabang, Muntinlupa City, creating 400 software engineering jobs for research and development (R&D) work over the next three years.

Nationwide round-up (11/26/20)

TRADE Secretary Ramon M. Lopez on Thursday said he is open to reviewing the functions of his department’s trading arm after a senator pointed out redundancies.

Intellectual property infringement complaints spike during lockdown

THE Intellectual Property Office of the Philippines (IPOPHL) said it received 135 intellectual property violation reports in the first nine months, which include the lockdown period, exceeding the total compiled during the four years to 2019 by 4%.

BoI auto-industry investment campaign to focus on wiring

THE Board of Investments (BoI) said it is seeking to attract investment in electric vehicle manufacturing, including production of wiring materials, in which the Philippines enjoys advantages in terms of access to supply.

Corruption still a big problem — survey

MORE FILIPINOS are confident that the government is doing well in tackling corruption compared with Asian neighbors, although they also believe corruption in government remains a big problem, a survey from Transparency International showed.

BoI-approved investments drop 17% in first 10 months

THE Board of Investments (BoI) approved P826 billion in investments in the first 10 months, nearly a fifth lower than the estimated P1 trillion in the same period last year.

Gym fee rules eased for users unable to work out during...

FITNESS CENTERS have been required to allow paid-up members who were not able to use their facilities during the lockdown to return without making further payments, the Department of Trade and Industry (DTI) said.

PEZA may exceed investment goal

THE Philippine Economic Zone Authority (PEZA) is aiming to approve more than P100 billion in investment pledges by the end of the year, led by a potential investor relocating from China.

DoubleDragon files REIT application with SEC

DDMP REIT, Inc. has submitted an application to the Securities and Exchange Commission (SEC) for a real estate investment trust (REIT) offer.

DTI trading arm’s funds accounted for as Senate probe looms

TRADE SECRETARY Ramon M. Lopez said his department’s trading arm has accounted for all funds allocated to it, ahead of a possible Senate investigation into its finances.

Biden ‘outsourcing tax’ promise clouds outlook for BPO industry

A PROTECTIONIST stance by a Biden administration could come in the form of a tax on outsourced operations, which may dampen the prospects of the business process outsourcing (BPO) industry, the head of an industry advisory firm said.

Plastic industry under pressure from import competition

THE plastics industry is under pressure from import competition at a time of global surpluses for the segment, as well as reduced activity during the lockdown, the industry association said.

EU gives P60M aid for Typhoon Ulysses relief operations

THE European Union (EU) is giving around P60 million in emergency relief aid to families affected by Typhoon Ulysses. The funding will go to its...

Outsourcing industry slashes revenue goals amid pandemic

By Jenina P. Ibañez, Reporter The outsourcing industry once again cut its revenue and employment targets up to 2022, as growth is expected...

PEZA approves new projects worth P14.6 billion

By Jenina P. Ibañez, Reporter The Philippine Economic Zone Authority (PEZA) approved P14.6 billion worth of new investment projects on its Nov. 4 board...

Mega Global invests P1B in Batangas facility

Sardines manufacturer Mega Global Corp. is investing in a P1 billion manufacturing plant in Batangas to meet a spike in demand for canned goods. The...

BoI approves P45-M hotel project in Cebu

THE BOARD of Investments (BoI) has approved a P45-million hotel investment project in Cebu City. The 63-room SureStay Plus Hotel is expected to create 32...

Swedish retailer Ikea opens 500 Philippine jobs

SWEDISH furnishing retailer Ikea plans to hire nearly 500 employees for its first Philippine store in Pasay City, which it said will be the largest Ikea branch in the world.

Less than a third of LGUs have met digitization mandate —...

ONLY 30% of local government units (LGUs) have taken measures to digitize their processes, the Department of the Interior and Local Government (DILG) said.

Philippines commits to free-flowing trade in ASEAN essential goods

THE PHILIPPINES has signed on to an Association of Southeast Asian Nations (ASEAN) commitment to reduce trade restrictions on essential goods that help combat the pandemic.

SB Corp. sees 15,000 more small business loans processed by end-2020

THE Department of Trade and Industry (DTI) plans to process an additional 15,000 loan applications for micro-, small-, and medium-sized enterprises (MSMEs) affected by the pandemic before the end of 2020, falling short of its initial target.

Nearly two-thirds of SMEs ‘strongly’ affected by pandemic — survey

AROUND 68% of mostly small and medium Philippine enterprises have been strongly affected by the coronavirus pandemic, according to a combined survey of around 500 Filipino firms.

Exporters urged to take full advantage of US GSP perks

EXPORTERS need to maximize their trade privileges for goods shipped to the United States due to the prospect of making inroads into the market currently served by Thailand after the kingdom’s tariff perks were suspended, a trade official said.

PHL pavilion at Dubai expo nearing completion

THE Philippine pavilion for the rescheduled Dubai World Expo is nearly complete, a trade official said.

‘Good start’ for imported cars in fourth quarter after 16% slump...

IMPORTED car sales declined by 16% in October, while the industry continues to look to more growth towards the end of the year.

Macquarie allots P43M for women entrepreneurs

AUSTRALIA’S Macquarie Group Foundation is investing P43 million for women-led small and medium enterprises in the Philippines as a recovery tool amid the health crisis.

IP protections expedited to rush gov’t-backed research to market

THE GOVERNMENT has launched a program accelerating the grant of intellectual property (IP) protections for science and technology research it supports, which is intended to speed up the commercialization of any innovations developed.

Car sales drop 27% in October

VEHICLE SALES in October plunged by 27.3% year on year to 25,023 units, the highest sales volume since the start of the coronavirus pandemic, according to an industry group.

Medical frontliners to to get more benefits under 2 palace orders

PRESIDENT Rodrigo R. Duterte on Monday issued an administrative order giving a special risk allowance to health workers handling coronavirus patients.

RCEP perks seen advantageous but PHL exporters still hampered

THE benefits of improved market access brought about by the newly-signed Regional Comprehensive Economic Partnership (RCEP) will outweigh any disruption that less-competitive economies might experience, Fitch Solutions Country Risk and Industry Research said.

Business groups warn about loss of incentives under CREATE measure

INDUSTRY ASSOCIATIONS are warning that the loss of fiscal incentives under a proposed tax reform bill could worsen employment conditions, which are already under pressure due to the coronavirus disease 2019 (COVID-19) pandemic.

Philippines signs RCEP, world’s biggest trade deal

FIFTEEN Asia-Pacific economies, including the Philippines, signed the world’s largest free trade deal on Sunday, with observers saying the deal could boost Philippine market access while others believe it would worsen the trade balance.

PHL improves global talent ranking

THE Philippines inched up one spot in an annual global ranking of countries’ ability to attract and retain a skilled workforce, but continues to lag behind other Asia-Pacific economies.

Gov’t agencies top NPC’s data breach tally

GOVERNMENT AGENCIES received the most number of data breach notifications so far this year among sectors monitored by the National Privacy Commission (NPC).

Japan firm to build P15-B cement plant – DTI

JAPANESE company Taiheiyo Cement Group will build a new P15-billion production line in Cebu to expand its local output capacity.

Risk analysis skills in demand amid pandemic

RISK ANALYSIS SKILLS are some of the top technology and cybersecurity work skills in demand right now as the economy recovers from the effects of the coronavirus pandemic, an enterprise data security company said.

Nationwide round-up (11/11/20)

THE Department of Labor and Employment (DoLE) said it has recommended the lifting of the temporary deployment ban on healthcare workers, but with a limit on the number that will be allowed to leave.

Plastics firms warn of closure if tariffs imposed on suppliers

PLASTICS MANUFACTURERS said they may be forced to close down factories if their supply of raw materials is hindered by safeguard tariffs.

Below-average holiday boost seen in fast-moving consumer goods sales

THE surge in fast-moving consumer goods (FMCG) sales during the holidays will be lower than the usual 20% seen in previous years, a market research company said.

DTI business registrations in year to date top 2019 total

THE department tallied 839,444 business registrations between January and early November, outpacing the 2019 full year by 32%, Trade Secretary Ramon M. Lopez said in an online event Wednesday.

SRPs for Christmas eve food products kept by Trade dep’t

THE SUGGESTED retail prices (SRP) for food products used for the traditional Christmas eve feast, or noche buena, will be kept after the Trade department released the same price list from a year earlier.

Holiday retail sales expected to be subdued amid questions about economic...

RETAIL SALES during the end-of-year holidays are expected to be subdued as the economy recovers, with consumers expected to keep a lid on spending due to the uncertainty caused by the pandemic.

[B-SIDE Podcast] Are you okay? Treating the workforce as human beings,...

https://open.spotify.com/episode/4euaqNlS9zoBEj1PPgI6tw Follow us on Spotify BusinessWorld B-Side The eight-month lockdown, one of the longest in the world, has kept much of the country’s workforce at home....

Stronger PHL-US ties seen under Biden presidency

THE PHILIPPINES will likely see stronger relations with the United States after Joseph R. Biden, Jr. was elected US president on Saturday.