October 20, 2022
Philippines falls in UN’s E-Government Development Index
Source BusinessWorld
BoP deficit widens to $2.3B in Sept.
BusinessWorld, October 20, 2022
Keisha B. Ta-asan
The Philippines posted its largest monthly balance of payments (BoP) deficit in four years in September, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday...
Government must focus on food, energy—PCCI
BusinessMirror, October 20, 2022
Andrea E. San Juan
The Philippine Chamber of Commerce and Industry (PCCI) has called on the national government to focus on attaining food security and enabling the free flow of electricity nationwide by integrating the Luzon, Visayas and Mindanao grids...
Gov’t wants predictability in forex rate
BusinessWorld, October 20, 2022
Reuters and Luisa Maria Jacinta C. Jocson
The Philippines must “do something” about sharp fluctuations in the foreign exchange rate to make the currency’s movement predictable, its socioeconomic planning secretary said on Wednesday...
Balisacan cautions on rate hikes
The Manila Times, October 20, 2022
Ed Paolo Salting
Interest rate hikes will have to be carefully considered in the wake of President Ferdinand "Bongbong" Marcos Jr.'s directive to defend the peso, Socioeconomic Planning Secretary Arsenio Balisacan said on Wednesday...
PH eyes launch of biggest, costliest satellite in 2025
Philippine Daily Inquirer, October 20, 2022
Jerome Aning
The Philippines is now developing its fifth and most expensive satellite for launching in 2025, President Ferdinand Marcos Jr. announced after meeting with officials of the Philippine Space Agency (PhilSA) in Malacañang...
PH enjoys ‘internet freedoms’ but under threat of disinformation – study
Philippine Daily Inquirer, October 20, 2022
Krixia Subingsubing
The Philippines enjoys more internet freedoms than its neighbors in Southeast Asia, but these freedoms remain under threat because of disinformation, especially before and during the May 2022 general elections, according to a new report released on Tuesday by the Washington-based watchdog Freedom House...
‘Foolproof’ SIM card registration process pushed
BusinessMirror, October 20, 2022
Jovee Marie De La Cruz
A senior lawmaker on Wednesday asked Department of Information and Communications Technology (DICT) and the National Telecommunications Commission (NTC) to ensure the public of a “foolproof” cellular phone registration...
‘Delay in IRR of PSA to hurt PHL’
BusinessMirror, October 20, 2022
Jovee Marie De La Cruz
The House Committee on Ways and Means Chairman on Wednesday reminded the National Economic and Development Authority (Neda) that “the deadline is over” for the release of the implementing rules and regulations of the key investment liberalization law...
‘Economic team backs extension of EO 171’
BusinessMirror, October 20, 2022
Cai Ordinario
The President’s economic team will recommend the extension of the validity of an executive order (EO) that allowed the reduction of tariffs on a number of commodities to help cool inflation, according to the National Economic and Development Authority (Neda)...
Business group submits policy recommendations
Philippine Star, October 20, 2022
Catherine Talavera
The Philippine Chamber of Commerce and Industry (PCCI) has crafted policy resolutions that capture the business community’s collective aspirations and expectations from the new administration...
PCCI urges amendments to land reform law
Philippine Daily Inquirer, October 20, 2022
Alden Monzon
The country’s largest business organization is calling on the government to increase the land retention limit of landowners to 24 hectares from five hectares, and allow full foreign ownership of solar and wind projects in the country...
Bong Go hopeful on passage of bills creating CDC, VIP
The Manila Times, October 20, 2022
Javier Joe Ismael
Sen. Christopher Lawrence "Bong" Go on Wednesday expressed optimism that the country's health care system will be further strengthened with the inclusion of several of his proposed health measures in the list of bills given priority this year...
DA exec issues gag order
The Manila Times, October 20, 2022
A senior official of the Department of Agriculture (DA) has issued a gag order prohibiting officials of the agency from granting interviews as well as issuing statements and press releases without his clearance...
Metro Manila Council approves exclusive lanes for motorcycles
The Manila Times, October 19, 2022
Francis Earl Cueto
The Metro Manila Council has approved the designation of an Executive Motorcycle Lane along Commonwealth Avenue in Quezon City despite the increasing cases of motorcycle accidents in Metro Manila...
UNDP, PH to discuss development progress
The Manila Times, October 20, 2022
Eireene Jairee Gomez
The United Nations Assistant Secretary-General and United Nations Development Program (UNDP) Regional Director Kanni Wignaraja will visit the Philippines on an official mission from October 22 to 28, 2022...
Army to join command post exercise in Japan
Philippine Daily Inquirer, October 20, 2022
Frances Mangosing
The Philippines will participate for the first time in a joint annual military exercise in Japan in December alongside the United States and other partners, according to a top military official, as Washington and its key allies seek to enhance combined defense posture amid regional tensions...
WHO says Covid still an international emergency
Philippine Star, October 20, 2022
Nina Larson, Agence France-Presse
The World Health Organization said Wednesday it is too early to lift the highest-level alert for the Covid crisis, with the pandemic remaining a global health emergency despite recent progress...
US, Australia, Japan, Canada conduct joint exercises in South China Sea
Philippine Star, October 19, 2022
Maritime forces of the US, Canada, Japan, and Australia are conducting exercises in the South China Sea together for the first time...
US economic outlook 'pessimistic' as demand weakens: Fed
Philippine Star, October 20, 2022
Agence France-Presse
Economic prospects are becoming "more pessimistic" in the United States on growing worries of weaker demand, the Federal Reserve said in a report Wednesday, citing heightened inflation and rising interest rates...
Stocks waver as inflation concerns offset positive earnings
Philippine Star, October 20, 2022
Agence France-Presse
US stocks stumbled Wednesday, snapping a two-day rally, as investors tracked soaring inflation, while oil prices rose despite the latest US petroleum release announcement by President Joe Biden...
Hong Kong to 'trawl world for talent'
The Manila Times, October 20, 2022
Agence France-Presse
Hong Kong's new leader unveiled plans to resuscitate the regional business hub's fortunes on Wednesday, hoping to lure international expertise back to a city that has suffered an exodus of talent and is mired in a deep downturn...
Putin boosts Russia’s war footing as battle looms for Ukraine’s Kherson
Philippine Daily Inquirer, October 20, 2022
Reuters
President Vladimir Putin ordered all of Russia to support the war effort in Ukraine on Wednesday, as the Russian-appointed administration of Kherson prepared to evacuate the only regional capital Moscow has captured during its invasion...
Putin declares martial law in Ukraine regions Russia says annexed
The Manila Times, October 19, 2022
Agence France-Presse
Russian President Vladimir Putin on Wednesday introduced martial law in Ukraine's Donetsk, Lugansk, Kherson and Zaporizhzhia regions that Moscow claims to have annexed...
Climate change may boost Arctic 'virus spillover' risk
The Manila Times, October 19, 2022
A warming climate could bring viruses in the Arctic into contact with new environments and hosts, increasing the risk of "viral spillover," according to research published on Wednesday...
Russia’s population transfers amount to ‘mass deportation’, says Ukraine
Manila Standard, October 20, 2022
Agence France-Presse
Ukraine on Wednesday accused Moscow of orchestrating a “mass deportation” of civilians from the occupied region of Kherson where evacuations have begun in the face of advances by Kyiv...
Consumers want firms to prioritize protection of environment–study
BusinessMirror, October 20, 2022
Jonathan L. Mayuga
Seven in 10 Filipino consumers in the Philippines believe that companies should prioritize environmental protection over profits, with 35 percent believing governments should do the same, according to a new study by consultancy firm Sandpiper...
Marcos vows support for Filipino-made MULA satellite
BusinessMirror, October 20, 2022
Samuel P. Medenilla
President Ferdinand R. Marcos Jr. has thrown his full support behind ongoing government efforts to build the largest Filipino-made satellite to be launched by 2025...
Comelec further cuts barangay poll budget to P2.7 billion
Philippine Daily Inquirer, October 20, 2022
Dona Z. Pazzibugan
The Commission on Elections (Comelec) has further reduced the additional budget it is seeking for the Oct. 30, 2023, barangay and Sangguniang Kabataan (SK) elections from P10 billion to P2.7 billion...
Govt urged to prioritize agri, food producers
The Manila Times, October 20, 2022
Eireene Jairee Gomez
There is a need to revisit the government's strategic plan for agriculture and rural development to ensure that local food producers and other agricultural workers get their much-needed support from the government, food security advocates said...
OCTA proposes antigen tests in transport hubs
The Manila Times, October 20, 2022
Red Mendoza
The government should bring back random antigen testing in mass transport hubs to measure how many Filipinos are affected with Covid-19 after the discovery of highly-infectious and immune-evasive variants of Omicron, according to OCTA Research...
Coast Guard to have 24,500 men by end of 2022
Philippine Daily Inquirer, October 20, 2022
Frances Mangosing
The Philippine Coast Guard (PCG) is expected to have 24,500 personnel by year-end when new recruits complete their training, PCG commandant Adm. Artemio Abu said during the agency’s 121st anniversary on Wednesday...
DOH sees a high 18k COVID cases mid-November
Manila Standard, October 20, 2022
Willie Casas
Daily COVID-19 cases could reach as high as 18,000 by Nov. 15, the Department of Health (DOH) said...
Public schools may also apply for hybrid setup
Manila Standard, October 20, 2022
Public schools can also apply for an exemption to hold five-day face-to-face classes beyond November 2, Department of Education spokesperson Michael Poa said on Wednesday...
MMDA begins preparation for holiday season
Philippine Daily Inquirer, October 19, 2022
Zacarian Sarao
The Metropolitan Manila Development Authority (MMDA) on Wednesday said it has already started preparing for the upcoming holidays...
Deportation of Chinese POGO workers starts with 6
Philippine Daily Inquirer, October 20, 2022
Julie M. Aurelio, Tina G. Santos
Six down, more than 48,000 to go. The government on Wednesday started deporting Chinese workers of unlicensed Philippine offshore gaming operator (POGO) companies to their home country...
Experts: Costly food benefits middlemen, not producers
BusinessMirror, October 20, 2022
Cai Ordinario
Turning the current food crisis into an opportunity for the poor would require reducing the benefits of middlemen, according to experts from the World Bank...
Farmers incur P355-M loss due to typhoons
BusinessMirror, October 20, 2022
Jasper Y. Arcalas
Nearly 12,000 farmers lost at least P355.63 million in earnings after their crops were damaged by two recent typhoons, according to the initial assessment of the Department of Agriculture (DA)...
Diokno tags strategies for economic recovery
The Manila Times, October 20, 2022
Ed Paolo Salting
The country's economic recovery will depend on fiscal prudence and public investments, Finance Secretary Benjamin Diokno said on Wednesday...
Despite high inflation, government keeps growth targets
Philippine Star, October 20, 2022
Louella Desiderio
The government is keeping its growth target for next year, even as sustained increases in inflation may slow down the economy next year, the National Economic and Development Authority (NEDA) said...
Bakers’ group asks gov’t for hike in bread prices
Philippine Daily Inquirer, October 20, 2022
Alden M. Monzon
Local bakers are hopeful that the Department of Trade and Industry (DTI) will heed their request for a P4 increase in the price of two bread products due to the rising cost of raw materials...
Public's role in economy scored
The Manila Times, October 20, 2022
Eireene Jairee Gomez
The National Economic and Development Authority (NEDA) highlighted the crucial roles of public sector leaders and managers in the country's journey toward robust economic recovery...
Report: PHL will continue to rely on milk imports
BusinessMirror, October 20, 2022
Jasper Y. Arcalas
Despite the persistent logistics disruptions, the Philippines would continue to source nearly all of its dairy requirements from other countries, an international agency said...
‘Lower fuel surcharge to make plane fares more affordable’
BusinessMirror, October 20, 2022
Lorenz S. Marasigan
Air travelers should expect to pay less for their tickets, as the Civil Aeronautics Board (CAB) lowered the allowed fuel surcharge for November...
Marcos urged to provide more assistance to MSMEs
BusinessWorld, October 20, 2022
RMDO
The Marcos administration should provide more assistance to small businesses, amend “restrictive” labor laws, and push for the ratification of the Regional Comprehensive Economic Partnership (RCEP), the Philippine Chamber of Commerce and Industry (PCCI) said...
Shift to polymer bills not expected to affect abaca sector significantly — BSP
BusinessWorld, October 20, 2022
K.B. Ta-asan
The Abaca industry will continue to prosper even with the shift to polymer banknotes from paper bills amid growing demand for natural fibers in the global market, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday...
Debt payments sink Philippine dollar position in deficit zone in September
Philippine Star, October 19, 2022
Ramon Royandoyan
The Philippines sank deeper into a dollar deficit in September as foreign currency fluctuations sent the national government’s debt payments into steep territory...
Price hike for canned goods, coffee, ham pushed
Manila Standard, October 20, 2022
Several canned goods manufacturers will seek to increase prices on their products following the rise in the cost of ingredients and raw materials used in their production, the Department of Trade and Industry (DTI) said Wednesday...
Banning POGOs will be good for tourism – NEDA
Philippine Daily Inquirer, October 19, 2022
Gabriel Pabico Lalu
Banning Philippine offshore gaming operators (POGOs) will benefit tourism, according to the National Economic and Development Authority (NEDA)...
Investors told to be wary of PSEi’s ‘technical’ recovery
Philippine Daily Inquirer, October 20, 2022
Miguel R. Camus
The benchmark Philippine Stock Exchange Index (PSEi) extended gains on Wednesday in what analysts viewed as a “technical” recovery...
FEATURED ARTICLE
Budhwar, P., Malik, A., De Silva, M.T.T., & Thevisuthan, P. (2022). Artificial intelligence – challenges and opportunities for international HRM: A review and research agenda. International Journal of Human Resource Management, 33 (6), 1065-1097. https://doi.org/10.1080/09585192.2022.2035161
Access the full article via Taylor & Francis Online institutional login (University of the Philippines Diliman).
https://www.tandfonline.com/doi/full/10.1080/09585192.2022.2035161
