October 28, 2022
Philippines 23rd most affected globally by data breaches in Q3
Source: BusinessWorld
Fitch Ratings keeps ‘negative’ PHL outlook
BusinessWorld, October 28, 2022
Keisha B. Ta-asan
Fitch ratings affirmed the Philippines’ investment grade rating and kept the “negative” outlook, amid concerns over the impact of rising interest rates, soaring inflation and slowing global demand on the economy’s recovery...
NG sets P215-billion borrowing plan for Nov.
BusinessWorld, October 28, 2022
Luisa Maria Jacinta C. Jocson
The National Government (NG) plans to borrow P215 billion from the domestic market in November, the Bureau of the Treasury (BTr) said...
Hot money still in negative realm for 5th month, net outflows at $367M
BusinessMirror, October 28, 2022
Cai Ordinario
Short-term investments made by foreign investors were still in negative net outflow territory for the fifth consecutive month in September, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday...
Voter listup resumes Dec. 9 under new system
Philippine Daily Inquirer, October 28, 2022
Dona Z. Pazzibugan
The Commission on Elections (Comelec) will resume the registration of local and overseas voters in December, but it will last only 54 days, or one month and 23 days...
US won't give up access to SCS
The Manila Times, October 28, 2022
Bernadette E. Tamayo
A senior United States Department of State official said Washington will oppose any attempt to block US access to the South China Sea...
Peza issues rules on IT-BPM transfer
BusinessMirror, October 28, 2022
Andrea E. San Juan
Peza-registered IT and Business Process Management (IT-BPM) firms to register with the Board of Investments (BOI) to avail of a 100 percent work-from-home (WFH) arrangement...
House panel OKs bill on sustainable development of cities, communities
BusinessMirror, October 28, 2022
Jovee Marie De La Cruz
The House Committee on Housing and Urban Development has recently approved a bill providing for the development of sustainable cities and communities in the country...
Neda urges legislators to prioritize passage of national land use act
BusinessMirror, October 28, 2022
Jovee Marie De La Cruz
The National Economic and Development Authority (Neda) on Thursday called on Congress to immediately pass the proposed National Land Use Act (Nalua), a Marcos administration priority measure...
BPOs given Dec. 31 deadline to switch registration to BoI
BusinessWorld, October 27, 2022
Revin Mikhael D. Ochave
The Philippine Economic Zone Authority (PEZA) said business process outsourcing (BPO) companies intending to switch their registration to the Board of Investments (BoI) have until Dec. 31 to do so. PEZA described this process as a “paper transfer.”...
Caregiver benefits bill filed in Senate
BusinessWorld, October 28, 2022
Alyssa Nicole O. Tan
A bill seeking to ensure the rights and welfare of caregivers has been filed in the Senate, which if passed would provide protections against abuse, harassment, and require that they be paid at least the minimum wage...
House bill to exclude govt execs from ban on deposits probe
The Manila Times, October 28, 2022
Ma. Reina Leanne Tolentino
A bill filed at the House of Representatives seeks to exclude government officials and employees from the Bank Secrecy Law's ban on the inquiry into bank deposits...
House panel OKs bill proposing use of neo-ethnic PH textiles as academic regalia
Philippine Daily Inquirer, October 28, 2022
Gabriel Pabico Lalu
Students of state universities and colleges (SUCs) may soon sport academic regalia woven with neo-ethnic textiles of the country as a House of Representatives panel approved a proposed measure instituting a local-oriented dress code...
DBM pushes digitalization of procurement processes
The Manila Times, October 28, 2022
Eireene Jairee Gomez
The Department of Budget and Management (DBM) secretary and concurrent Government Procurement Policy Board (GPPB) are pushing forward the digitalization of the government's procurement processes for efficient bureaucracy...
Ties with a China ‘modernizing’ under Xi will be boosted: PBBM
BusinessMirror, October 28, 2022
Samuel P. Medenilla
President Ferdinand “Bongbong” R. Marcos, Jr. said the country will strengthen its close ties with China as it now pushes to undergo “modernization” under the leadership of newly-reelected Chinese President Xi Jinping...
50K PH seafarers risk job loss on EU vessels
Philippine Daily Inquirer, October 28, 2022
Jeannette I. Andrade
The deployment of new Filipino seafarers to European Union ships and the jobs of some 50,000 others now working on EU-flagged vessels are at risk should the Philippines still fail to comply with the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (STCW Convention), the House committee on overseas workers affairs learned in a hearing on Thursday...
Weak currencies making inflation worse, says World Bank
Philippine Daily Inquirer, October 28, 2022
Ronnel W. Domingo
The depreciation of currencies around the world is driving up food and fuel prices that could prolong pressures that quicken inflation in most developing economies such as the Philippines...
Currency declines to worsen food, energy crisis, says WB
BusinessMirror, October 28, 2022
Cai Ordinario
The further depreciation of currencies among developing economies, including the Philippines, could worsen the global food and energy crisis, according to the World Bank...
Retail to withstand global headwinds
The Manila Times, October 28, 2022
Ed Paolo Salting
Global real estate management firm Colliers believes that the retail sector will remain strong in its growth going into 2023 despite global headwinds such as inflation, continued supply chain bottlenecks and foreign exchange rates...
US, PH mull 5 more 'Edca sites' to boost disaster response capability
The Manila Times, October 27, 2022
Bernadette E. Tamayo
The United States (US) and the Philippines aim to increase to 10, from five, the sites for the implementation of their Enhanced Defense Cooperation Agreement (Edca) for better disaster response capability and joint training...
Asean foreign ministers 'more determined' to resolve Myanmar crisis
The Manila Times, October 28, 2022
Agence France-Presse
Southeast Asian foreign ministers said they were "even more determined" to resolve the political crisis in Myanmar during talks in Indonesia on Thursday, ahead of an Association of Southeast Asian Nations (Asean) leaders' summit in November...
World 'holding breath' over possible NKorea nuclear test: IAEA chief
Philippine Star, October 28, 2022
Agence France-Presse
The world is holding its breath over the possibility that North Korea might undertake a nuclear bomb test, the director general of the International Atomic Energy Agency said Thursday...
US tech titans buffeted by economic headwinds and TikTok
Philippine Star, October 28, 2022
Agence France-Presse
US tech titans looking to the future are seeing growth take a beating in the face of foreign competition and a tough economy...
US economy grows for first time this year in third quarter
Philippine Star, October 28, 2022
Agence France-Presse
The US economy rebounded in the third quarter, government data showed Thursday, in welcome news for President Joe Biden days before midterm elections, though analysts warn of a gloomier path ahead...
Euro, pound hold gains; most stocks up
The Manila Times, October 28, 2022
Agence France-Presse
The euro, pound and yen all held their gains against the United States dollar on Thursday and most equities rose as traders grow increasingly hopeful that the Federal Reserve (Fed) would slow its pace of interest rate hikes...
US preparing new $275 million package for Ukraine – source
Philippine Daily Inquirer, October 28, 2022
Reuters
The United States is preparing a new $275 million package of military assistance for Ukraine to bolster its counter-offensive against Russian forces, a source familiar with the plan said Thursday...
US government to test Pfizer’s Paxlovid for long COVID
Philippine Daily Inquirer, October 28, 2022
Reuters
The United States-government-backed Recover study of long COVID will examine Pfizer Inc’s antiviral drug Paxlovid in a clinical trial of 1,700 patients, organizers said Thursday...
Biden: Putin’s talk of possible use of nuclear weapons in Ukraine is ‘dangerous’
Philippine Daily Inquirer, October 28, 2022
Reuters
United States President Joe Biden expressed skepticism of Russian President Vladimir Putin’s comment in a speech on Thursday that he has no intention of using a nuclear weapon in Ukraine...
IAEA to conduct ‘independent’ probe into Ukraine dirty bomb allegations
Philippine Daily Inquirer, October 28, 2022
Agence France-Presse
The UN’s nuclear watchdog will this week carry out an “independent verification” of Russian allegations concerning the production of so-called dirty bombs at two sites in Ukraine, it said Thursday...
Putin blames West for Ukraine war, plays down nuclear fears
Philippine Daily Inquirer, October 28, 2022
Reuters
Russian President Vladimir Putin showed no regrets on Thursday for his war in Ukraine, insisting that the “special military operation” was still achieving its goals and the West’s dominance over world affairs was coming to an end...
Russia’s war on Ukraine latest news: Putin has no regrets
Philippine Daily Inquirer, October 28, 2022
Reuters
Russian President Vladimir Putin said the world faced the most dangerous decade since World War Two as Western elites scrambled to prevent what he saw as the inevitable crumbling of the global dominance of the United States and its allies...
Iran protest deaths mount as Tehran vows ‘severe response’ to shrine massacre
Philippine Daily Inquirer, October 28, 2022
Agence France-Presse
In the latest violent bid to crush demonstrations sparked by the death of Mahsa Amini in police custody last month, security forces opened fire and killed “at least eight people” since Wednesday evening, according to Amnesty International...
Elon Musk completes $44-B acquisition of Twitter
Philippine Daily Inquirer, October 28, 2022
Reuters
Elon Musk completed his $44-billion acquisition of Twitter Inc late on Thursday and his first move was to fire the social media company’s top leadership which he accused of misleading him over the number of spam accounts on the platform...
South Korea has not supplied lethal weapons to Ukraine, president says
Philippine Daily Inquirer, October 28, 2022
Reuters
South Korean President Yoon Suk-yeol said on Friday Seoul has not provided any lethal weapons to Ukraine, after Russian President Vladimir Putin said such a decision would destroy their bilateral relations...
U.S. business sentiment in China hits record low as zero-COVID persists – survey
Philippine Daily Inquirer, October 28, 2022
Reuters
Optimism among U.S. businesses in China has hit record low levels, an annual survey showed on Friday, as competitive, economic, and regulatory challenges compound the stresses already imposed by Beijing’s ongoing zero-COVID policies...
DBM begins work on digitalizing government procurement process
BusinessMirror, October 28, 2022
Cai Ordinario
The DBM said the digitalization will start with the pilot testing of the revised Procurement Reports, considered as a milestone towards improved planning and monitoring by Procuring Entities...
PBBM dangles perks to banks for housing
BusinessMirror, October 28, 2022
Samuel P. Medenilla
President Ferdinand “Bongbong” R. Marcos Jr. said he wants to provide more incentives to private banks so they will help address the country’s 6.5 million housing backlog before the end of his term...
SC plan to reopen Marcos tax case questioned
The Manila Times, October 28, 2022
Catherine S. Valente
A congressman on Thursday questioned the reported plan of the Supreme Court to reopen the estate tax case against the family of President Ferdinand Marcos Jr...
PNP takes credit for higher PH rank in ‘Rule of Law’ index
Philippine Daily Inquirer, October 28, 2022
Dexter Cabalza
Enforcement of the rule of law slipped for the fifth straight year worldwide, but the Philippines was one of the few states that improved its score and ranking—from 102nd last year to 97th out of 140 countries, according to the 2022 report of the international nonprofit World Justice Project (WJP)...
At Bureau of Customs, a Christmas rush of sorts
Philippine Daily Inquirer, October 28, 2022
Tina G. Santos
Everything must go—in time for Christmas. The Bureau of Customs (BOC) on Thursday ordered the immediate delivery of around 8,000 “abandoned” balikbayan boxes that had piled up in its warehouses since March...
Gatchalian scores PNOC for adding to PH power woes
Philippine Daily Inquirer, October 28, 2022
Melvin Gascon
Sen. Sherwin Gatchalian has scored the alleged mismanagement of the state-owned Philippine National Oil Co. (PNOC) and its oil subsidiaries for their alleged failure to help address the country’s energy problems...
ATMs recalibrated for polymer banknotes
BusinessWorld, October 28, 2022
K.B. Ta-asan
The Bangko Sentral ng Pilipinas (BSP) has recalibrated 2,425 automated teller machines (ATMs) across the country as of August to dispense polymer bank notes, the central bank said on Thursday...
Manila’s daily infections may hit 18,000 sans masks
BusinessWorld, October 27, 2022
Kyle Aristophere T. Atienza and Revin Mikhael D. Ochave
Daily coronavirus infections in the Philippines could hit 18,000 once the mask mandate indoors is lifted, according to health authorities...
PCG opens marine pollution exercises
Philippine Star, October 28, 2022
Robertzon Ramirez
The Philippine Coast Guard opened yesterday the first National Marine Pollution Exercise (MARPOLEX) 2022, which aims to boost the PCG’s capability in oil spill response, firefighting as well as search and rescue operations at sea...
‘Gov’t needs private sector vs. cybercrimes’
Manila Standard, October 27, 2022
Cyber defense and geopolitical experts urged the government to close ranks with the private sector and collaborate with state allies in fighting cybercrimes...
18,000 daily COVID-19 cases possible by yearend with optional face mask rule — DOH
Philippine Daily Inquirer, October 27, 2022
Daniza Fernandez
Easing the face mask mandate amid the COVID-19 pandemic may result in up to 18,000 new COVID-19 cases daily towards November and December, Department of Health officer-in-charge Undersecretary Maria Rosario Vergeire said on Thursday...
Office market still buoyant despite POGO exodus—study
BusinessMirror, October 28, 2022
Roderick Abad
The office market should let go of the online gambling firm tenants that operate in the country even if most of them have fled the country, a top executive of Colliers Philippines said on Thursday...
E-commerce seen to drive PHL digital economy surge to $35B
BusinessWorld, October 28, 2022
Arjay L. Balinbin
The Philippines’ digital economy is expected to reach a gross merchandise value (GMV) of $35 billion by 2025, growing at a 20% compound annual growth rate (CAGR) from $20 billion today, according to a report by Google, Temasek, and Bain & Co...
Price of rice stable despite typhoons – DA
The Manila Times, October 28, 2022
Bella Cariaso
A Department of Agriculture (DA) official said that there is no reason to increase the price of rice in wet markets despite the agricultural damage the country sustained from three consecutive typhoons...
BPO firms given until end-’22 to move to BOI and keep perks
Philippine Daily Inquirer, October 28, 2022
Alden M. Monzon
The Philippine Economic Zone Authority (Peza) has released supplementary guidelines for the transfer of registered business process outsourcing (BPO) firms to the Board of Investments (BOI), giving them until the end of the year to make the transition so they can keep their tax perks while under a work-from-home setup...
POGOs’ exit seen to bring 650,000 sq.m. of office space
BusinessWorld, October 28, 2022
Justine Irish D. Tabile
The exit of Philippine offshore gaming operators (POGOs) will contribute 650,000 square meters (sq.m.) of vacant office space but can be offset by transaction activity and demand take up, Colliers Philippines said...
Economic growth momentum to be sustained despite global headwinds
Philippine Star, October 28, 2022
Lawrence Agcaoili
The National Economic and Development Authority (NEDA) is confident that the government remains on track to achieving its medium and long-term economic goals as it proactively addresses global inflationary pressures that pose risks to the country’s growth and recovery...
Stocks extend gains for 4th straight day
Philippine Star, October 28, 2022
Iris Gonzales
Local stocks climbed for the fourth straight session yesterday amid stronger economic fundamentals even as disappointing earnings results from tech firms dragged Wall Street lower...
Currency weakness to heighten crisis in food, energy – World Bank
Philippine Star, October 28, 2022
Louella Desiderio
The depreciation of currencies in developing economies may exacerbate the food and energy crisis, according to the World Bank...
‘Coconut authority needs to boost production as palm prices rise’
Manila Standard, October 27, 2022
Maricel Cruz
Albay Rep. Joey Sarte Salceda has called on the Philippine Coconut Authority to “seize on the opportunity” to boost coconut oil production and marketing as global spot prices of palm oil are seen to go upward...
Peso keeps gaining, hits P58.22 vs dollar
The Manila Times, October 28, 2022
Eireene Jairee Gomez
The peso came close to returning to the P57:$1 level on Thursday, strengthening to as much as P58.09 during intraday trade before closing at P58.22 against the greenback...
NEW ACQUISITION
Principles of corporate finance, Thirteenth edition
by Richard A. Brealey, Stewart C. Myers, Franklin Allen
Publisher: New York : McGraw-Hill Education, 2020
HG 4026 B72 2020 B-38502
Abstract: Principles of Corporate Finance, 13e, describes the theory and practice of corporate finance. We hardly need to explain why financial managers have to master the practical aspects of their job, but we should spell out why down-to-earth managers need to bother with theory. Throughout this book, we show how managers use financial theory to solve practical problems. Much of this book is concerned with understanding what financial managers do and why. But we also say what financial managers should do to increase company value. Some of the biggest changes in this edition were prompted by the tax changes enacted in the U.S. Tax Cuts and Jobs Act passed in December 2017. In the current edition, we have also continued to augment the international content as well as a number of chapters that have been thoroughly rewritten. For example, the material on agency issues in Chapter 12 has been substantially revised. Chapter 13 on market efficiency and behavioral finance is now fresher and more up to date. Chapter 23 on credit risk focuses more on the practical issues of forecasting default probabilities.
Consumer behavior, 4th edition
by Zubin Sethna, Jim Blythe
Publisher: Thousand Oaks, CA: SAGE Pub., 2019
HF 5415.32 S48 2019 B-38503
Abstract: The book focuses on examples of international consumer behavior in action, and provides open access online resources to encourage student engagement and understanding. It strikes a balance between sociological and psychological aspects of consumer behavior and features coverage of social media, digital consumption and up to date marketing practice. It has fully updated cases and global examples of consumer behavior in industries including fashion, travel and technology. The book also has a new feature exploring the experiential role of brands in consumers’ lives today titled ‘Brand Experiences’ and a brand new chapter on sustainable consumption for this era of climate change and sustainability challenges.
Understanding social enterprise: theory and practice, 3rd edition
by Rory Ridley-Duff and Mike Bull
Publisher: London: SAGE, 2019
HD 60 R53 2019 B-38504
Abstract: Understanding social enterprise: theory and practice, 3E, comes packed with a wealth of learning features to help students understand the theory and practice within this ever expanding field.
Updates to this edition include: New case studies and examples throughout; considerations of new developments in policy, the economy and legal implications of social enterprise; and a focus on the pathways that social enterprise follow.