Philippines falls to 80th rank in INSEAD’s talent competitiveness list

Source BusinessWorld

The Philippines dropped 10 spots in an annual global ranking of countries’ ability to attract and retain a skilled workforce, reflecting the challenges faced by companies amid the coronavirus pandemic...

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A leader of the Senate on Monday assured that the P5.268-trillion national budget for next year will sustain the positive momentum of the growth of the Philippine economy...

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The Association of Southeast Asian Nations (Asean) and China have officially launched negotiations to upgrade the Asean-China Free Trade Area (ACFTA)...

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Filipino women have become less fertile to the point that the country's population could start shrinking, the Philippine Statistics Authority (PSA) said on Monday...

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The Philippine stock market got off to a strong start yesterday on hopes cooler US inflation would lead to less aggressive interest rate hikes...

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The House of Representatives on Monday approved on third and final reading three priority tax bills of the Marcos administration and the 19th Congress...

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The House of Representatives on Monday approved on third and final reading a bill mandating onsite, in-city, near-city, or off-city relocation of informal settler families (ISFs)...

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A House committee approved on Monday a bill requiring the government to issue annually treasury bonds to babies born to poor families to help pay for their tertiary or technical-vocational (tech-voc) education once they turn 18 years old...

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Toll fees, tariffs and other charges to be imposed by joint ventures (JVs) between the government and private companies may soon require regulatory approval, according to proposed amendments by the National Economic and Development Authority (NEDA)...

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The House of Representatives has resurrected moves to change the 1987 Constitution, proposing to do so through the formation of a constitutional convention...

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The House of Representatives has approved a bill seeking to increase the yearly service incentive leave of employees in the private sector from five to 10 days...

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The House of Representatives approved the bill seeking the celebration of National Hijab Day every February 1...

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Priority legislation taxing single-use plastics, foreign digital service providers, as well as a bill reforming the tax regime on passive income, were approved on third reading at the House of Representatives on Monday...

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The House Committee on Local Government has approved House Bill (HB) 3267 authored by all Cordillera district representatives that seeks to establish the Cordillera Autonomous Region (CAR)...

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Senator Christopher “Bong” Go renewed his call for a holistic approach in building a more disaster-resilient nation as he works to get his proposed Disaster Resilience Act passed, which will allow the country to deal with calamities more effectively...

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Homegrown firm Traxion Technology Services Cooperative has unveiled its Cooperation Network (Coopnet) teller machines or CTMs, pioneering in the country for being quick response (QR)-code operated and cardless to cater to “underserved and less digitized” cooperatives and financial institutions in the countryside...

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U.S. and European startups are racing to develop new batteries using two abundant, cheap materials — sodium and sulfur — that could reduce China’s battery dominance, ease looming supply bottlenecks and lead to mass-market electric vehicles (EVs)...

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President Ferdinand Marcos Jr. on Monday described as “very successful” his participation in the summits in Cambodia last week led by leaders of the Association of Southeast Asian Nations (Asean) and dialogue partners...

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The Bangko Sentral ng Pilipinas (BSP) and five other central banks in Southeast Asia signed the Regional Payment Connectivity (RPC) cooperation that will allow cross-border payments to become more seamless...

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Several member states of the United Nations Human Rights Council (UNHRC) expressed concern about the human rights situation in the Philippines on Monday, with the United States even urging an end to the state practice of Red-tagging...

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Canada is seeking to make it easier for its companies to invest in the Philippines’s construction sector and help empower local micro, small and medium enterprises (MSME)...

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The inclusion of a chapter on trade and sustainable development and micro, small, and medium enterprises (MSMEs) in the Asean-Australia-New Zealand Free Trade Area (AANZFTA) will fast-track the integration of businesses into the global value chain, according to the Department of Trade and Industry (DTI)...

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Senate President Pro Tempore Loren Legarda revealed that the Philippines is pushing for reapplication for the European Union’s (EU) Generalised Scheme of Preferences Plus (GSP+), which grants developing countries a special incentive to pursue sustainable development and good governance...

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The Securities and Exchange Commission (SEC) was recognized last week by the United Nations Conference on Trade and Development (Unctad) for promoting sustainability and Sustainable Development Goals (SDGs) reporting...

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Theme parks and retail shopping are likely to boost travel activities in the Asia-Pacific, according to Euromonitor International, which has projected recovery for tourism spending this year...

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United States Treasury Secretary Janet Yellen heaped pressure on Russia on Monday ahead of the Group of 20 (G20) summit in Indonesia, saying the best way to end world economic tumult was to stop the war in Ukraine...

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Leaders of the Group of 20 (G20) major economies open talks on Tuesday on the island of Bali, after a final pitch by host Indonesia for the bloc to focus on action to help a global economic recovery despite deep rifts due to the war in Ukraine...

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Leaders of the Group of 20 (G20) nations were considering a draft resolution on Tuesday in which most members strongly condemn the war in Ukraine and stress it is exacerbating fragilities in the global economy, diplomats said...

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United Nations Secretary General Antonio Guterres stressed that G20 member states — responsible for 80% global greenhouse gas emissions — should make additional efforts this decade to keep alive a target of capping global warming at 1.5 degrees Celsius...

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Climate-related stress tests for banks need to better capture the indirect fallout of climate change on lenders and the wider global economy, the G20’s Financial Stability Board said on Tuesday...

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The United States and allies will heap pressure on Russia Tuesday to end the Ukraine war, pinning painfully high global food and fuel prices squarely at Vladimir Putin's door during a G20 summit...

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International Monetary Fund Managing Director Kristalina Georgieva warned G20 leaders on Tuesday against allowing trade protectionism to “take root” and said fragmentation of the world economy into geopolitical blocs would significantly hurt growth...

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As world leaders gather in resort cities of Indonesia and Egypt this week, groups across Asia called on wealthy economies to deliver real solutions to the world’s biggest problems: a rapidly warming planet, and food and energy crises...

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In an open letter, they called on COP27 delegates to adopt a common definition of climate disinformation and misinformation and work to prevent it...

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United States President Joe Biden was set to meet his Chinese counterpart Xi Jinping in Indonesia on Monday, hoping to set "guardrails" for relations between the world's two largest economies as they vie for international primacy...

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A baby born somewhere on Tuesday will be the world's eight billionth person, according to a projection by the United Nations...

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British Prime Minister Rishi Sunak called on Tuesday for efforts to stabilize oil markets in talks with Saudi Arabia's crown prince, who was shunned by US President Joe Biden over an output cut...

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It burns, it drifts, it falls victim to insects. And it's shrinking. The boreal forest, which is second only to the Amazon in terms of its vital role in ensuring the future of the planet, encircles the Arctic — and it is in just as much danger from climate change as the South American rainforest...

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The Philippine Economic Zone Authority (Peza) said Monday that the 13 pending economic zones it recorded as of October are expected to bring in investments amounting to more than P17 billion...

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As the world’s population reached 8 billion, the Philippines saw its fertility rate plummet to less than two offspring per woman, which according to population officials signaled a “demographic transition.”...

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Senate Minority Leader Aquilino “Koko” Pimentel III on Monday called on his colleagues to delete the proposed P500 million in confidential funds for the Office of the Vice President (OVP), as the agency, as defined by Congress, is not entitled to receive such funding...

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The Energy Regulatory Commission (ERC), the Department of Energy (DOE), and the Department of Social Welfare and Development (DSWD) are closely working together to make sure that marginalized consumers are the actual beneficiaries of the electricity lifeline rate subsidy...

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The Commission on Audit (COA) on Tuesday said it is willing to use its subpoena powers to compel concerned agencies and offices to divulge information about the amount shelled out for the national government’s vaccine procurement program at the onset of the COVID-19 pandemic...

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The military capability of the Philippines is among the weakest in the region, Department of National Defense officer-in-charge Jose Faustino Jr. admitted Monday at a congressional hearing...

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Did the COVID-19 pandemic that limited people’s mobility for the sake of their health worsen the rising incidence of obesity?...

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The COVID-19 pandemic must not be the only consideration in crafting the government’s policy on the wearing of face masks, an infectious diseases expert said Tuesday...

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The national government will be releasing P65.35 billion for year-end bonus and cash gifts to government personnel starting today, November 15, according to the Department of Budget and Management (DBM)...

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“Renewable energy is the way to go.” This was what Yeb Saño, executive director of Greenpeace Southeast Asia, said back in 2016, when renewable energy sources were still having a limited share in power generation. He said “now is the best time to switch on the power of renewables.”...

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People displaced by Severe Tropical Storm Paeng may avail themselves of the training being provided by the Technical Education and Skills Development Authority...

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Labor and Employment Secretary Bienvenido E. Laguesma said they adopted the strategy to boost the effectiveness of the job fairs, which they regularly hold...

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At least two million visitor arrivals have been recorded in the Philippines since the country eased border restrictions last February, said the Department of Tourism (DOT)...

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An official of the Sugar Regulatory Administration (SRA) on Monday said that 135,618 metric tons of the 150,000 MT imported sugar allocation have arrived...

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The country’s future labor force are either malnourished or have already adopted bad habits, such as smoking and drinking, based on the latest data from the Department of Science and Technology’s Food and Nutrition Research Institute (DOST-FNRI)...

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The country’s stock of raw sugar has declined by more than 20 percent as of end-October, prompting the government to look at using the sugar allocated for exports for local consumption...

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Many Filipino consumers are “reloading” less credits on their prepaid mobile phone accounts and opting for more affordable offerings as they tighten their belts amid soaring prices of basic commodities, the country’s major mobile service providers said...

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The Sugar Regulatory Administration (SRA) wants to reclassify 16,910 metric tons (MT) of sugar for export to stabilize prices and secure domestic supply...

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The Bangko Sentral ng Pilipinas (BSP) highlighted anew the perils of blindly investing in cryptocurrency in light of the recent bankruptcy of cryptocurrency exchange FTX, indicating a cautious policy stance even as it studies the prospects of these digital assets...

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United Broilers and Raisers Association (UBRA) and Philippine Egg Board Association Chairman Gregorio San Diego on Monday said that farm gate prices of chicken and egg have dropped to P92 to P99 per kilo and P6 per piece, respectively, despite high retail prices in the markets...

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