Philippines retains its rank in Global Intellectual Property list

Source: BusinessWorld

The Bangko Sentral ng Pilipinas (BSP) will likely cut banks’ reserve requirement ratio (RRR) to 10% to encourage them to cut transaction fees on small-value digital payments, its governor said on Monday...

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The Philippine Economic Zone Authority (Peza) on Monday said it approved P3.8 billion worth of investments in February, more than double the P1.792 billion recorded in the same period last year, according to Tereso Panga, director general of Peza...

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Various transport groups are staging a weeklong strike beginning March 6 to contest the impending phaseout of traditional jeepneys...
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Senators on Monday raised their concerns over the Maharlika Investment Fund (MIF), with Sen. Sherwin Gatchalian pointing out that a P200-billion infusion from the Bangko Sentral ng Pilipinas (BSP) would delay its capital buildup by at least 17 years, affecting its ability to rescue the country’s banks should the economy collapse...

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The House Committee on Constitutional Amendments approved the bill to implement the resolution calling for a constitutional convention (con-con)...

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The House Committee on Constitutional amendments on Monday approved the enabling bill of the Resolution of Both Houses (RBH) No. 6 that called for the formation of a hybrid constitutional convention (con-con) to amend the 1987 Constitution...

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More civil society groups on Monday joined the chorus of calls to junk the recently ratified Regional Comprehensive Economic Partnership (RCEP), the world’s largest trade agreement, calling it “disadvantageous and ill-fitting for the Philippine economy.”...

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A House panel has approved a measure seeking to give P5,000 in cash to aid young Filipinos looking for jobs after their graduation from college...

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Elon Musk’s rocket company SpaceX was set to launch early on Monday the International Space Station‘s next long-duration team into orbit, with an astronaut from the United Arab Emirates and a Russian cosmonaut joining two NASA crewmates for the flight...

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Australia plans to overhaul its cyber security rules and set up an agency to oversee government investment in the field and help coordinate responses to hacker attacks, Home Affairs Minister Clare O’Neil told public radio on Monday...

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The world’s number one video conferencing tool recently launched Zoom Virtual Agent, a customer service chatbot...

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Calling the tensions in the South China Sea “the most complex geopolitical situation in the world,” President Ferdinand Marcos Jr. called on the Armed Forces of the Philippines to “guard carefully” the country’s territory, amid the unabated Chinese incursions into the West Philippine Sea, the area within the country’s exclusive economic zone...
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President Ferdinand "Bongbong" Marcos Jr. and Malaysian Prime Minister Dato' Seri Anwar Ibrahim will meet to discuss the strengthening of political, security and economic relations between Manila and Kuala Lumpur, Malacañang said on Tuesday...

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The Philippine branch of the World Wide Fund (WWF) for Nature has called for the declaration of the disputed West Philippine Sea (WPS) as a national Marine Protected Area...
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The Department of Foreign Affairs (DFA) should broker updated security deals with more security allies to defend the Philippines from China’s aggression in the South China Sea, a senator said on Monday...

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United States intelligence shows that China's President Xi Jinping has instructed his country's military to get ready to invade Taiwan by 2027, though he may be currently harboring doubts about his ability to do so, given Russia's experience in its war on Ukraine, according to the head of the Central Intelligence Agency (CIA)...
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North Korean leader Kim Jong Un opened a major political conference dedicated to agriculture, state media reported on Monday, as external assessments suggest that the East Asian country is facing a serious shortfall of food...

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Foreign ministers from around the world meet in New Delhi this week in the shadow of Russia’s war in Ukraine and spiraling U.S.-China tensions, with host India hoping that issues like climate change and Third World debt are not overlooked...

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The coronavirus pandemic likely arose from a Chinese laboratory leak, the US Department of Energy now says according to media, although the White House maintained Sunday that American intelligence remained divided on the issue...
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US Treasury Secretary Janet Yellen paid a surprise visit to Kyiv on Monday to reaffirm US support for Ukraine in its struggle against Russia’s invasion and promote US economic aid that is bolstering Ukraine’s war effort...

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When Russia invaded Ukraine a year ago, the shelves of the Novus supermarket chain in Kyiv quickly emptied as its supply chains — domestic and overseas — collapsed. Fresh produce became scarce and panic buying spread...

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The White House is giving all federal agencies 30 days to wipe TikTok off all government devices, as the Chinese-owned social media app comes under increasing scrutiny in Washington over security concerns...

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Canada announced on Monday it was banning TikTok from all government-issued mobile devices, reflecting widening worries from Western officials over the Chinese-owned video-sharing application...

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The United States warned China of serious consequences were it to provide arms to support Russia’s invasion of Ukraine, as Kyiv’s top general visited the frontline town of Bakhmut where Ukrainian defenders were holding out against constant attacks...

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When UN negotiations over a global agreement on plastic waste convene for a second session this spring, the European Union (EU) will bring evidence that it practices what it preaches...

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Vietnam’s National Assembly will hold an extraordinary meeting this week, a session that officials and diplomats expect to confirm the appointment of a new president amid a leadership reshuffle prompted by a sweeping crackdown on graft...

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Japan will purchase 400 Tomahawk missiles from the United States, Prime Minister Fumio Kishida said Monday, as his government beefs up the country's defenses with eyes on threats including China...

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New Zealand will launch an international fundraising appeal for the massive reconstruction work needed after Cyclone Gabrielle tore across the country’s north earlier this month, forcing thousands of people into shelters and killing eleven...

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An upcoming European Union (EU) tariff scheme that rewards low-carbon practices could encourage exporters to shift to greener technology, Sustainable Fitch said...

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Candidates for the Oct. 30 barangay and Sangguniang Kabataan (SK) elections can file their certificates of candidacy (COCs) from July 3 to July 7 but may only start campaigning on Oct. 19...

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In his first visit here since he assumed office on June 30 last year, President Ferdinand Marcos  Jr. on Monday said the Kadiwa stores nationwide would be the government’s response to the food crisis and the rising prices of goods in the country...

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House Speaker Martin Romualdez called for an emergency meeting on Monday with the heads of the Department of the Interior and Local Government (DILG) and the Philippine National Police to address the spate of attacks on local government officials...

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Sen. Risa Hontiveros has again reminded the public to shun job offers for customer service agents in Cambodia and Myanmar, citing the plight of eight Filipinos who were trafficked in Cambodia as cryptocurrency scammers...

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The Department of Budget and Management (DBM) on Tuesday said it has released over P495 million to the Department of Public Works and Highways (DPWH) for right-of-way payments...

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Detected COVID-19 cases daily fell to an average 119 cases, which is seven percent lower than the previous average of 128 new cases confirmed daily...

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An oil tanker carrying some 800,000 liters of industrial fuel oil sank off the waters of Tablas Island in Romblon early Tuesday morning, a port official said...

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The proposed Maharlika Investment Fund (MIF) is not yet acceptable as no major changes have been made to the bill, former Bayan Muna Rep. Neri Colmenares said in a statement on Monday...

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The Philippine Competition Commission (PCC) on Monday said that Grab Philippines has yet to refund around P6 million to some eligible users, owing to some limitations beyond the control of the ride-hailing company...

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An ongoing investigation into a possible onion cartel could be completed within two or three months, according to the new chairman of the Philippine Competition Commission (PCC)...

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Transportation Secretary Jaime J. Bautista on Monday appealed for a dialogue with transport groups before their planned strike starting March 6 to protest the government’s public utility vehicle (PUV) modernization program...

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Objections were registered in the Senate on Monday to foreign board representation in the proposed Maharlika Investment Fund (MIF), though a Treasury official said foreign representation on the board is unlikely...

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A House of Representatives body on Monday passed a measure detailing the procedures for Charter change (Cha-cha) through a hybrid constitutional convention (con-con)...

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The Marcos administration considers its effort of setting up more farm-to-consumer stores in the country as a means towards food security and addressing rising costs...

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A solon on Monday called on the government to subsidize public transport cooperatives, particularly for jeepneys and vans, to help drivers and operators cope with the transition to modern vehicles...

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The Bases Conversion and Development Authority (BCDA) expects to remit at around P5 billion to the government this year, down from P7.53 billion in 2021, given a reduced income outlook...
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The Philippine Economic Zone Authority (PEZA) approved 11 projects worth P3.80 billion this month, a senior official said on Monday, up 112 percent from P1.79 billion a year earlier....

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The Philippines will need to improve law enforcement against money laundering and terrorism financing if it wants to exit the Financial Action Task Force’s (FATF) “gray list” by January 2024, the central bank governor said...

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The Philippines’ outstanding debt as a share of the gross domestic product (GDP) will remain high in the medium term, easing only after 2024, Philippine Institute for Development Studies (PIDS) researchers said...

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There is an "acute need" for the Philippines to undergo structural reforms, the Danish Ambassador to the Philippines Michael Melbin said on Tuesday...
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Savings under the Pag-IBIG Fund's MP2 program reached nearly P40 billion last year, the state-owned firm said on Monday...

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The Philippine Stock Exchange index (PSEi) started the week in the red territory as investors fled the local bourse due to souring sentiment amid indications of another policy rate hike...

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Local oil companies reduced the pump prices of their petroleum products by as much as P1.80 per liter on Tuesday, a week after their prices went up...

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Manila Electric Co. (Meralco) reported a 10.2% increase in consolidated core net income to P27.11 billion in 2022 from P24.61 billion a year earlier as strong energy sales exceeded pre-pandemic levels...

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President Ferdinand R. Marcos, Jr. said on Monday that the bus rapid transit (BRT) which he broke ground on in Cebu will herald more “innovative” transport solutions intended to boost economic activity...

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Liquefied natural gas (LNG) import terminals are only a short to medium-term solution for fueling the power industry, undertaken because the Philippines had “no choice” due to the depletion of the Malampaya gas field, a senior Senator said...

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