Philippines rises in digital competitiveness rankings

Source BusinessWorld

President Marcos on Wednesday pushed for more public-private projects as he led the opening of the new terminal building of Clark International Airport in Mabalacat City, Pampanga...

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The House of Representatives on Wednesday approved on third and final reading the first full one-year budget of the Marcos administration for 2023, amounting to P5.268 trillion...

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The Philippine peso breached the P59-to-dollar level for the first time in intraday trading on Wednesday, before closing just below the record low...

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The Philippines improved two spots in a global digital competitiveness index, but still had the lowest ranking among Southeast Asian countries...

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With more Filipinos using bicycles as a means of transportation, the Senate has approved on third and final reading a bill that seeks to provide safe and convenient pathways for bikers and pedestrians...

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Congress was asked to refile and finally pass a bill granting Radio Frequency Identification Device (RFID) discounts to elderly citizens...

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Approved in the 18th Congress but vetoed by then President Rodrigo Duterte, the much-awaited bill requiring registration of subscriber identity modules (SIM) looked set to become the first to be approved in the 19th Congress and signed into law by President Ferdinand Marcos Jr...

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The Bangko Sentral ng Pilipinas (BSP) announced on Wednesday that it has approved the second set of guidelines for digital banks...

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From the House of Representatives comes another attempt to make tourists captive listeners of Original Pilipino Music (OPM) from the moment they disembark from the plane until they retire into their hotels...

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The postponement of the December 2022 barangay and Sangguniang Kabataan elections is just one signature away from being passed into law...

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Lawmakers are poised to investigate the reimposition of a controversial seafarers course by the Maritime Industry Authority...

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Sen. Christopher Lawrence "Bong" Go said government personnel doing hazardous jobs should receive hazard pay as the nation mourns the death of five Bulacan rescuers that perished in the line of duty during the height of Super Typhoon "Karding" on Sunday...

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Public utility vehicles (PUVs) must with limits on standing passengers under pain of P5,000-fine, the Land Transportation Franchising Regulatory Board (LTFRB) said on Wednesday...

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Washington continues to press Manila at the World Trade Organization (WTO) regarding the Philippines’s current trade policies which the United States argued are “restricting” the trade of various agricultural and food products...

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Agriculture Senior Undersecretary Domingo Panganiban said the government is eyeing the expansion of the country's exports to Canada following his meeting with Canadian officials...

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Amid the many challenges it faces, including recent concerns caused by the presence of armed men in the area it is tasked to protect, the Masungi Georeserve Foundation (MGF) won an award from the United Nations for its efforts to restore and safeguard a 2,100-hectare rainforest in Rizal province and inspire the youth to “flip the script” for climate action...

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President Marcos has signed a joint communiqué with visiting Niue Premier Dalton Tagelagi which formally established diplomatic relations between the Philippines and the South Pacific island-country...

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The Office of Solicitor General on Wednesday said the International Criminal Court (ICC) has yet to rule on the government’s request to stop its human rights investigation into former President Rodrigo Duterte’s bloody war on drugs...

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Washington will operate “undaunted and unafraid” throughout Asia, including the Taiwan Strait, US Vice President Kamala Harris said Wednesday as she addressed American troops in Japan...

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Funding for a project in the Philippines might be first on the table as the Asian Development Bank announced a $14-billion support kitty over a four-year period up to 2025, intended to bolster food security across developing economies in Asia...

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Oil prices fell in early Asian trade on Thursday as a strong dollar and economic woes outweighed optimism over consumer demand...

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The Asian Development Bank (ADB) on Wednesday said it would continue its support in mitigating the climate change-related crisis in the Asia-Pacific region...

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The monkeypox vaccine is highly effective, protecting people as early as two weeks after the first dose, the US Centers for Disease Control and Prevention said Wednesday...

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Foreign Affairs Secretary Enrique Manalo on Wednesday assured lawmakers that he will look into the legal implications of the recent decision of a French arbitral court to the country’s sovereignty claim over Sabah...

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Moscow was poised on Wednesday to annex a swath of Ukraine, releasing what it called vote tallies showing support in four partially occupied provinces to join Russia, after what Kyiv and the West denounced as illegal sham referendums held at gunpoint...

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The White House said Wednesday it remains bullish on the "resilient" US economy in the face of growing political and economic strains around the world...

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North Korea fired two short-range ballistic missiles on Wednesday, Seoul's military said, just days after Pyongyang's last test and ahead of a visit to South Korea by US Vice President Kamala Harris...

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World Bank President David Malpass on Wednesday warned that it could take years for global energy production to diversify away from Russia, prolonging the risk of stagflation, or a period of low growth and high inflation...

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Declining foreign exchange (FX) reserves mean Asian central banks will probably start looking for alternative ways to support their currencies, according to Nomura Holdings, Inc...

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Global stock markets rallied on Wednesday in volatile trading after a surprise intervention by the Bank of England pressured bond yields in Britain and the United States and lifted the pound...

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Global shares sank to two-year lows yesterday, hammered by spiraling borrowing costs that intensified fears of a global recession and sent investors into the arms of the safe-haven dollar...

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The International Monetary Fund (IMF) has urged the United Kingdom government to "reevaluate" a package of unfunded tax cuts that it says may fuel inflation and are likely to increase economic inequality...

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Warning lights are flashing in the global economy as high inflation, drastic rate hikes and the war in Ukraine take their toll. There is currently a 98.1% chance of a global recession, according to a probability model run by Ned Davis Research...

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Business owners must be free to decide the work arrangements for their own employees. That’s the stand of Go Negosyo founder and head of the Jobs committee of the Private Sector Advisory Council (PSAC) Jose Maria A. Concepcion III...

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The Land Transportation Office (LTO) has yet to address the backlog in license plates, which has reached more than 11.5 million...

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The Commission on Elections (Comelec) is set to start printing on Thursday the ballots to be used for the barangay and Sangguniang Kabataan (SK) polls even if the Senate and House of Representatives have passed bills postponing the elections from Dec. 5 this year to December next year...

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Congress should be “very judicious and frugal” in allocating confidential and intelligence funds, which total P9.27 billion in the proposed P5.268-trillion 2023 national budget, and find ways to finance key agencies and programs that got zero allotments for next year...

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The pandemic was, by far, the main cause of the Filipinos’ feeling most unsafe in 2021, according to the latest report released by Lloyd’s Register Foundation (LRF) and Gallup...

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Chief Minister Ahod Ebrahim of the Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) submitted to Parliament on Monday the proposed P85.3 billion budget of the region for fiscal year 2023 with social services getting the biggest chunk...

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The Alliance of Concerned Teachers - Philippines on Wednesday called on the Department of Education (DepEd) to ease the workload of public school teachers and reduce their actual teaching time to four hours daily...

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The Department of Health (DOH) on Thursday said it has placed Metro Manila under moderate risk for COVID-19 after recording an increase in daily average infections in the past two weeks...

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President Ferdinand Marcos Jr.’ two appointees to the Commission on Human Rights (CHR), including its new chief Richard Palpal-Latoc, a law partner and former deputy of recently resigned Executive Secretary Victor Rodriguez, have stoked skepticism among rights advocates...

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The Supreme Court on Wednesday thanked the Philippine National Police for assuring protection for members of the judiciary against threats and intimidation following treacherous tirades against a trial court judge...

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The Philippines will pursue all legal remedies to block an investigation by the International Criminal Court (ICC) of the government’s deadly war on drugs, and ensure any suspects are tried by the local courts, the country’s chief lawyer said on Wednesday...

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The Climate Change Commission is highlighting the need to raise the level of awareness and understanding of the Filipinos about environmental crises...

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The Technical Education and Skills Development Authority (Tesda) welcomed its transfer as an attached agency to the Department of Labor and Employment (DoLE) from the Department of Trade and Industry (DTI)...

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The Philippines will not be importing rice since it has enough buffer stock despite the massive agricultural devastation caused recently by Super Typhoon Karding...

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Supertyphoon Karding (international codename Noru) and typhoons expected in the last quarter of the year will not have a significant impact on the country’s domestic prices, according to the Asian Development Bank (ADB)...

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The government plans to raise P200 billion from the local debt market next month even as yields have been on an uptrend following huge rate hikes here and abroad...

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Go Negosyo founder Jose Maria "Joey" Concepcion 3rd on Wednesday said the Philippines should open up its economy "as much as possible" even with the slight increase in Covid-19 cases in the country...

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The IT and Business Process Association of the Philippines (IBPAP) said 54 percent of the 1.1 million direct jobs target in the next six years will be in the countryside...

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The Department of Agriculture (DA) on Wednesday said that Super Typhoon "Karding's" damage to the agriculture sector has ballooned to P1.97 billion...

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Consumers in Metro Manila and neighboring provinces may have to cough up more for using water as the fast depreciation of the peso, now inching closer to 60 to a $1, is expected to push up rates come January next year, Metropolitan Waterworks and Sewerage System (MWSS) chief regulator Patrick Lester Ty said on Wednesday...

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Sugar prices are not expected to stabilize until November, according to the Sugar Regulatory Administration...

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President Marcos inaugurated the new terminal building of the Clark International Airport in Pampanga Wednesday, saying it was “another building block” toward turning the Philippines into the logistics center of Asia...

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The Information Technology and Business Process Association of the Philippines said Wednesday it expects an annual growth of 10.4 percent that will bring total revenues to $59 billion by 2028...

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