Philippines drops to 57th out of 100 in global startup ecosystem list

Source BusinessWorld

Presidential Adviser on Entrepreneurship Jose Concepcion III on Monday called for the lifting of the state of public health emergency as the country remained at “low risk” in terms of COVID-19 infection rate...

Read More

The incoming Marcos administration will not reduce government spending to address the ballooning budget deficit, Finance chief-designate and Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said...

Read More

Massive fuel pump price hikes take effect today, 7 June, with diesel registering the biggest spike...

Read More

Inflation rate surged to 5.4 percent in May, the fastest in 42 months, from 4.9 percent in April, on higher prices of food and transportation, the Philippine Statistics Authority said Tuesday...

Read More

The Department of Agrarian Reform (DAR) has crafted a strategy to realize President-elect Ferdinand Marcos Jr.’s goal of selling rice to consumers at much cheaper prices than the current average of P39 a kilo...

Read More

The national government's debt would have reached P15.4 trillion this year had the Duterte administration not exercised fiscal discipline in responding to the pandemic, Department of Finance (DoF) chief economist Gil Beltran said...

Read More

The Civil Service Commission (CSC) has approved the policy that institutionalizes the flexible work arrangement for government employees...

Read More

A group of shippers is urging Malacañang to stop the Philippine Ports Authority (PPA) from implementing an “unjustifiable” 949% hike in tariffs once the new operator takes over the Port of Pasig...

Read More

The Securities and Exchange Commission (SEC) said its investigation into a company offering unlicensed investment products revealed that the company promised daily returns of 3-5% on investments of at least P1,000...

Read More

Regulators on Monday launched the Systemic Risk Crisis Management (SRCM) framework, which aims to protect the country's financial system from potential disruptions...

Read More

Health Secretary Francisco Duque III on Monday said he will convince the next administration to retain the COVID-19 mask rule...

Read More

Senior Citizen Rep. Rodolfo Ordales on Monday expressed hopes that President Duterte will sign the reconciled version of House Bill 9459 and Senate Bill 2506, that mandate an increase in the monthly benefit given to indigent senior citizens, soon...

Read More

Apple Inc on Monday launched a software update to its iPhones, unveiled a buy now pay later service and introduced a MacBook Air powered with its latest M2 chip...

Read More

Apple Inc on Monday announced it would more deeply integrate its software into cars, while the iPhone maker rolled out a slew of features for collaboration and safety...

Read More

For the first time, a drug targeting a protein that drives breast cancer growth has been shown to work against tumors with very low levels of the protein...

Read More

A weekly dose of a medication recently approved by the US Food and Drug Administration to treat type 2 diabetes may help adults without diabetes lose weight as well, a new study found. Tirzepatide, which is sold under the brand name Mounjaro, was studied in people without diabetes in three dosages: 5, 10 and 15 milligrams...

Read More

There’s an online marketplace being developed for products made from the not -so -owly bamboo — that huge variety of grass for which the country has a thriving industry...

Read More

The Philippines ranked 37th out of 138 destinations in the latest report that measures a country’s preparedness in tapping the Muslim travel market...

Read More

Property taxes should be a key area of focus for developing economies in Southeast Asia seeking to raise government revenue after the pandemic, the Asian Development Bank (ADB) said...

Read More

Prospects of prolonged inflation and rising economic growth pressure could see nearly 42 percent of publicly-rated Asia-Pacific (APAC) corporates with Foreign-Currency Issuer Default Ratings of ‘BBB-‘ and ‘BBB’ facing ‘Elevated’ downgrade risk under a stagflation scenario...

Read More

The United States’ number two diplomat, Deputy Secretary of State Wendy Sherman, will meet with president-elect Ferdinand Marcos Jr. during her visit in Manila this week, the US Department of State announced...

Read More

Asian governments should be "very careful" about raising taxes given growth uncertainties, a senior Asian Development Bank (ADB) economist said on Monday...

Read More

International tourist arrivals tripled in the first quarter of 2022 from a year ago, with Europe leading the rebound as Covid-19 restrictions were eased, the United Nations World Tourism Organization (UNWTO) reported on Monday...

Read More

Oil prices topped $120 a barrel in choppy trade on Monday buoyed by Saudi Arabia raising its July crude prices but amid doubts that a higher output target for OPEC+ oil producers would ease tight supply...

Read More

The United States and South Korean militaries launched ballistic missiles into the sea on Monday in a show of force matching a North Korean missile display a day earlier that extended a provocative streak in weapons demonstrations...

Read More

The US-Asean Business Council (US-ABC) supports the extension of the World Trade Organization’s (WTO) e-commerce moratorium as it plays a significant role in driving digital trade, job creation, and economic growth...

Read More

Beijing on Monday warned Australia to "act prudently" or face "serious consequences" after Canberra accused a Chinese fighter jet of dangerously intercepting one of its spy planes over the South China Sea...

Read More

Russia’s failure to send an interest payment to creditors is triggering a payout on debt insurance, taking the country another step closer to its first default on international bonds since the Bolshevik revolution more than a century ago...

Read More

People with food allergies are less likely to be infected with the virus that causes Covid-19 and those with asthma do not necessarily have a higher risk of infection, a study in the United States has found...

Read More

The alleged spokesperson of the Islamic State of Iraq and Syria - East Asia (ISIS-EA) was killed in an operation in Maguindanao on Monday afternoon, the military said Tuesday...

Read More

Moscow warned Monday that it would respond to Western supplies of long-range weapons to Ukraine by stepping up efforts to push Kyiv’s forces further from its border...

Read More

A barrage of global crises must not deflect attention from urgent climate action, the UN’s climate chief warned Monday, as negotiators from nearly 200 nations began talks in Germany against the backdrop of Russia’s invasion of Ukraine...

Read More

Thousands of UK workers are starting a four-day work week from Monday with no cut to their pay in the largest trial of its kind. The pilot, which will last for six months, involves 3,300 workers spanning 70 companies, ranging from providers of financial services to a fish-and-chip restaurant...

Read More

The Bangko Sentral ng Pilipinas (BSP)-led Financial Stability Coordination Council (FSCC) introduced a framework to identify and manage risks in the financial system through a structured monitoring and evaluation process...

Read More

Presidential Adviser for Entrepreneurship Jose Maria "Joey" Concepcion 3rd on Monday renewed the business sector's call for the government to scrap the alert level systems, and instead focus on how to further boost the economy's post-coronavirus pandemic recovery...

Read More

A total of 12.2% of Filipino families, or an estimated 3.1 million individuals, experienced hunger in the first quarter of 2022, according to a survey conducted by the Social Weather Stations from April 9 to 27...

Read More

Mount Bulusan in Sorsogon province seemed calmer on Monday even as the Philippine Institute of Volcanology and Seismology (Phivolcs) warned of another possible eruption after it observed steaming not only in the summit crater but also on the northwestern summit vent...

Read More

President-elect Ferdinand "Bongbong" Marcos Jr. and his political party, the Partido Federal ng Pilipinas (PFP), spent P272 million for campaigning during the last elections...

Read More

Plastic waste generated by electronic commerce (e-commerce) transactions is beyond the capacity of local governments to deal with the additional solid waste, EcoWaste Coalition said...

Read More

The Department of Trade and Industry (DTI) expects to complete the evaluation of manufacturers’ request to raise prices of basic goods in four to six weeks...

Read More

A good three weeks before he can even officially take his oath as the next Chief Executive, President-elect Bongbong Marcos received envoys from various countries Monday, actually the third batch in the last two weeks, at his campaign headquarters in Mandaluyong City...

Read More

The heated boardroom battle over control and management of Okada Manila went up another notch after the group of Tiger Resort Leisure and Entertainment Inc. (TRLEI) filed kidnapping and other criminal charges against gaming tycoon Kazuo Okada and businessman Antonio “Tonyboy” Cojuangco before the Department of Justice (DOJ) on Monday...

Read More

Newly-elected officials have been urged to file their statement of contributions and expenditure (SOCE) before June 8, Wednesday, to avoid any problems that may come with their oath taking, the Department of the Interior and Local Government (DILG) said...

Read More

Outgoing Health Secretary Francisco T. Duque III on Monday stood by a decision to pass on coronavirus response funds to the Budget department’s procurement service at the start of the pandemic, a transfer that became controversial due to questionable supply contracts awarded to a company owned by personalities with links to the President...

Read More

Monkeypox, a rare disease caused by the monkeypox virus, is not new as it has been known to be a type of viral infection common in West and Central Africa...

Read More

The incoming Trade and Industry secretary is giving the business process management industry the prerogative in structuring their working arrangement, particularly the work-from-home (WFH) setup, which is supported by the Telecommuting Act signed by President Rodrigo Duterte before the pandemic hit the country...

Read More

Anti-red Tape Authority (ARTA) Director General Jeremiah Belgica and three other officials asked the Office of the Ombudsman to reconsider its order suspending them for six months in connection with pending administrative charges...

Read More

The celebration of Philippine Eagle Week has renewed hope in Central Luzon following sightings of a raptor that has been missing following its release in the forests of Aurora...

Read More

Beginning today, the Manila city government will close its drive-through vaccination site at the Quirino Grandstand in Rizal Park...

Read More

The emergency room (ER) of the Philippine General Hospital (PGH) is operating at 200-percent over capacity, handling patients suffering from illnesses not related to COVID-19...

Read More

“What makes it more fun in the Philippines? For years, we have shone the spotlight on the country’s stunning beaches and landscapes, its marvelous heritage sites and natural attractions. This one has no sweeping drone shots, no special effects, no stunning sunsets, and not a single beach,” according to the post accompanying the two-minute video...

Read More

Malacañang urged jeepney drivers and operators to forego their planned transport strike this week to protest the looming hike in fuel prices...

Read More

Investments in the Clark freeport zone are expected to further rise this year with the opening of the new passenger terminal at the Clark International Airport, and the rise of a new convention center...

Read More

Only 39 national candidates and party list groups have submitted their Statements of Contribution and Expenditures (SOCEs) to the Commission on Elections Campaign Finance Office (Comelec-CFO) as of Monday...

Read More

Thousands of local and overseas jobs are up for grabs in the nationwide job fairs to be held on June 12, coinciding with the Independence Day celebration...

Read More

The continuity of the government’s Balik Probinsya, Bagong Pag-Asa (BP2) program will promote “inclusive economic development”...

Read More

An infrastructure watchdog called on the incoming administration to appoint an energy professional as head of the Department of Energy...

Read More

Presidential adviser for entrepreneurship Joey Concepcion on Monday urged COVID-19 vaccine makers to apply for certificate of product registration (CPR) as he continues to push the government to lift the COVID-19 public health emergency declaration...

Read More

Malacañang on Monday called on jeepney drivers to continue their operations, assuring that the government is exploring ways to cushion the impact of high fuel prices...

Read More

Bakers are struggling to keep prices of bread and pastries low amid the spike in flour prices caused by the Russia-Ukraine war and disruptions in the global supply of wheat...

Read More

The Trade Union Congress of the Philippines (TUCP) said on Monday that the impact of recent hikes in the minimum wage has been offset by higher fuel prices, keeping workers below the poverty line...

Read More

Asian governments, including the Philippines, need to be cautious in slapping additional taxes as the mobilization of tax revenues can be done in the medium term, especially as economies are just starting to recover from the pandemic, the Asian Development Bank (ADB) said...

Read More

Production of the country’s major fruit crops, except for pineapple, declined in the first quarter, the Philippine Statistics Authority (PSA) reported...

Read More

It’s mostly external challenges that posed near-term risks to the Philippines’ financial system, but an interagency body on Monday (June 6) unveiled a framework to ultimately protect Filipinos longer...

Read More

Taxes collected from fuel marking amounted to P439.40 billion as of late May, counting back to when the program started in September 2019, the Department of Finance said...

Read More

Had President Rodrigo Duterte allowed more cash aid to be given away amid the prolonged pandemic while scrapping oil taxes when global prices jumped to record highs, the Philippines’ public debt would have jumped to a much-bigger P15.4 trillion this year, the Department of Finance (DOF) said on Monday (June 6)...

Read More

Retail construction material prices in Metro Manila increased for the eighth consecutive month in February, according to data from the Philippine Statistics Authority (PSA)...

Read More

The incoming administration of Ferdinand “Bongbong” Marcos Jr. will stick to the goal of the outgoing Duterte administration of reaching the highest “A” credit rating which translates to the lowest costs of public and private borrowings...

Read More

Presidential Adviser for Entrepreneurship Jose Maria A. Concepcion III said the government and private sector must come up with a plan that will allow the Philippines to grow by 6 percent to 8 percent to pay the country’s obligations...

Read More