Philippines Places 2nd in the Global Crypto Adoption Index

Source BusinessWorld

Growth-wise, the Philippine economy is performing in the middle of the pack in Southeast Asia, where United States-based management consulting firm Bain & Company sees a rosy picture for the rest of this decade...

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The Philippine economy’s expansion in 2023 and 2024 is expected to be below the government’s 6.5-8% target, the Bangko Sentral ng Pilipinas (BSP) said...

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Agriculture modernization, digitalization, and the impact of climate change on employment are among the main issues on the agenda of the 27th Association of Southeast Asian Nation (ASEAN) Labor Ministers Meeting (ALMM) to be hosted by the country this week, according to the Department of Labor and Employment (DOLE)...

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The country’s domestic trade volume contracted 23.9 percent in the second quarter of 2022, according to the Philippine Statistics Authority (PSA)...

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Future housing projects, subdivisions, villages, and other residential properties, including socialized or economic housing, should be required by law to set aside space for information and communication technology (ICT) infrastructure in their existing and future housing projects...

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The Supreme Court has created an ad hoc committee to draft the rules on the handling of terror cases in relation to the Anti-Terrorism Act of 2020...

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As the Philippines now has among the world’s worst retirement systems, the Executive and the Legislative branches were prodded to convene high-level task forces to study and enact pension reforms before 2028...

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The Bureau of Customs (BOC) is expecting to fully digitalize its processes and operations by the first quarter of next year to improve efficiency and curb corruption in the government...

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The top labor officials of the 10-member Association of Southeast Asian Nations (Asean) will meet in Manila this week to discuss ways to strengthen regional cooperation on matters affecting labor and employment...

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US Embassy deputy chief of mission Heather Variava said the Philippines would benefit from the US-led Indo-Pacific Economic Framework for Prosperity...

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The Philippine Air Force (PAF) is set to receive in November the first batch of its P5.5-billion air defense radar system from Japan that would enhance the country’s surveillance of its territorial airspace...

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US Embassy deputy chief of mission Heather Variava said the Philippines would benefit from the US-led Indo-Pacific Economic Framework for Prosperity...

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South Korea's military fired warning shots at a North Korean ship before dawn on Monday, deeming the vessel had crossed the adversaries' disputed maritime border, prompting the North to return warning fire, state and local media reported...

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Xi Jinping secured a historic third term as China's leader on Sunday and promoted some of his closest Communist Party allies, cementing his position as the nation's most powerful leader since Mao Zedong...

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Downturns in parts of Europe could turn into "deeper recessions" across the continent as energy disruptions threaten economic pain, while a cost-of-living crisis risks stoking social tensions, the IMF said Sunday...

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A failure to secure meaningful progress on a debt relief for the world’s poorest nations at the International Monetary Fund and World Bank annual meeting in Washington has left policymakers, campaigners and investors frustrated...

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Brunei is categorized as the second lowest disaster risk country in the Association of Southeast Asian Nations (Asean) in the World Risk Index 2022 report, a local newspaper said on Saturday...

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Following gargantuan global efforts against Covid-19, tuberculosis is once again the world's biggest infectious killer, a top expert told Agence France-Press, lamenting the lack of focus on rooting out TB...

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Rishi Sunak looked set to become Britain’s next prime minister after Boris Johnson withdrew from the contest on Sunday, saying that although he had enough support to make the final ballot he realised the country and the Conservative Party needed unity...

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Under pressure in the south of Ukraine, Russia fired missiles and drones into Ukrainian-held Mykolaiv on Sunday, destroying an apartment block in the ship-building city near the front and warning the war was trending toward “uncontrolled escalation.”...

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Egypt will develop a new currency indicator partly to wean people off the idea that the Egyptian pound should be pegged to the U.S. dollar, the new central bank governor said on Sunday...

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South Korea’s economic policy chiefs, led by Finance Minister Choo Kyung-ho, said Sunday the government would expand liquidity facilities to buy corporate bonds and commercial paper to stop a recent credit default from spilling over into the wider financial market...

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Quezon City Mayor Joy Belmonte has joined world mayors in calling for a common effort to create 50 million good, green jobs by the end of the decade, during the C40 World Mayors Summit in Buenos Aires, Argentina...

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The government’s vaccine expert panel advised Filipinos against waiting for bivalent vaccines to arrive in the country and instead focus on getting boosted with currently available jabs that have been found to be as effective in combating COVID-19...

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The Department of Education (DepEd) is looking into delegating to local government units (LGUs) the implementation of its School-Based Feeding Program (SBFP) by 2028...

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Due to its continuing struggle to provide plastic identification cards to 74.3 million registered Filipinos, the Philippine Statistical Authority (PSA) has decided to temporarily issue Philippine Identification System (PhilSys) cards on paper...

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President Ferdinand "Bongbong" Marcos Jr. encouraged Filipinos to start visiting the country's tourist sites to help speed up the recovery of the local tourism sector...

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Some of the country’s conglomerates said the Philippines should zero in on “planting seeds” by reducing bureaucracy and harnessing the micro, small, and medium enterprises (MSMEs), among others, as the country attracts more foreign direct investments (FDI)...

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The Commission on Elections (Comelec) is set to hold an elections summit to gather recommendations on how to improve the Philippine electoral system...

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The Anti-Money Laundering Council (AMLC) said it continues to address the strategic deficiencies identified by the Financial Action Task Force (FATF) in its efforts against “dirty money” and terrorism financing, as the Philippines remained on the latter’s “gray list”...

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A peasant group on Sunday pressed President Ferdinand Marcos Jr. to quit his post as agriculture secretary and appoint someone suited for the job so they could cope with rising food prices...

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The Department of Health (DOH) on Sunday confirmed the appointment of former Philippine National Police chief Gen. Camilo Cascolan as one of the agency’s undersecretaries...

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The influenza virus, among others, constantly mutates so that there are new strains that emerge every year, according to Dr. Gyneth Bibera, the country medical director of GlaxoSmithKline Philippines Inc...

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President Ferdinand Marcos Jr. on Sunday said that it is finally time for the country to reemerge from the COVID-19 pandemic and show again “Filipino resilience, resourcefulness, industry, and talent.”...

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The growth in the wholesale prices of goods in the entire country eased in July compared to June, as four commodity groups posted slower upticks, the Philippine Statistics Authority (PSA) said...

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The pressure that keeps food inflation elevated in the Philippines has increased with the La Niña weather phenomenon expected to prevail over the remainder of this year, and possibly even extend until the first quarter of 2023...

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The Marcos administration is implementing measures to revitalize the economy and help lift more Filipinos out of poverty amid a recent survey that said about 49 percent of Filipino families see themselves as poor...

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Stock investors may turn their attention to corporate earnings results for the third quarter, the initial batch of which is expected to be released this week, for guidance on which direction the market may take moving forward...

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Shifting from paper to polymer banknotes will result in P2.4 billion in savings for the Bangko Sentral ng Pilipinas (BSP), according to one of its officials...

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The country’s oil firms are expected to cut pump prices by as much as P1 per liter effective 6 a.m. Tuesday...

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The Sugar Regulatory Administration (SRA) will distribute farm equipment to sugar producers in a move to provide a much-needed boost to the local industry...

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Research and development (R&D) is vital for the country to attain food security and community stability, according to the director of the National Fisheries Research and Development Institute (NFRDI), an agency under the Department of Agriculture...

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President Ferdinand "Bongbong" Marcos Jr.'s recent meeting with officials of two telecommunications companies — one local and another from South Korea — was aimed at improving connectivity in the Philippines, a Cabinet official reiterated...

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The Department of Transportation and Railways (DOTr) said it will continue its various port constructions, enhancements and its various transportation projects in order to help aid the transportation and logistics sector...

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The Philippine government is seeking $12.28 billion worth of funding from the Asian Development Bank (ADB) for various projects and programs in the next three years...

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President Ferdinand R. Marcos, Jr. called for more domestic travel to help revive the tourism industry, which he called a critical component of the government’s post-pandemic recovery plan...

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The Expected Inflows of remittances ahead of the holidays may help support the peso against the US dollar, but unlikely to drive it back to the P55-per-dollar level, economists said...

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