<?xml encoding=”utf-8″ ?????????> New guidance to ensure that Facial Recognition Technology (FRT) acts as a force for good in society has been published by BSI, aiming to help organisations navigate the ethical challenges associated with the use of the technology and build trust in its use as a result. Use […]
Jobless rate slips to 2-month low
People line up at a job fair in Manila, March 14. The jobless rate fell to 3.5% in February, the lowest in two months. — PHILIPPINE STAR/RYAN BALDEMOR THE UNEMPLOYMENT RATE fell to a two-month low of 3.5% in February, even as more Filipinos joined the labor force, the Philippine […]
ADB cuts Philippine growth outlook to 6%
The Asian Development Bank expects the Philippine economy to grow by 6% this year. People watch the sunset from the Dolomite Beach in Manila, April 1. — PHILIPPINE STAR/RYAN BALDEMOR THE ASIAN Development Bank (ADB) cut its growth forecast for the Philippines to 6% this year, as elevated food prices […]
Trade deficit narrows to $3.65B in Feb.
By Lourdes O. Pilar, Researcher THE PHILIPPINES posted a trade deficit of $3.65 billion in February, the slimmest in five months, as exports and imports both grew at the fastest pace in 16 months, data from the statistics office showed. Preliminary data from the Philippine Statistics Authority (PSA) showed the […]
PHL expects $100-B investments in coming years as it seeks closer ties with US, Japan
By Kyle Aristophere T. Atienza, Reporter THE PHILIPPINES may secure as much as $100 billion in investments in the next five to 10 years as it pursues a three-way partnership with the United States and Japan, according to its envoy to Washington. The expected investments would cover energy, semiconductors, infrastructure, […]
Leveraging insurance for a sustainable future
Photo from rawpixel.com / Freepik As the world moves towards a sustainable future, the global economy is committed to achieving a net-zero economy, with 90% of industries driving an unprecedented transformation. In this transition, according to a report published by Sustainable Market Initiative, the insurance industry has been investing in, […]
SMC board approves P20-billion bond offering
SAN MIGUEL CORP. (SMC) announced on Thursday its board’s approval of a P20-billion bond offering as part of the company’s fundraising efforts. In a stock exchange disclosure, SMC said the approved fixed-rate peso-denominated bond offer will be issued from the remaining P50-billion shelf-registered bonds. SMC’s board also approved the filing […]
Director Jose Javier Reyes named new FDCP chairperson
FILMMAKER Jose Javier Reyes has been appointed the new FDCP chair. — INSTAGRAM.COM/DIREKJOEY VETERAN filmmaker Jose Javier Reyes is the newly appointed Chairperson of the Film Development Council of the Philippines (FDCP). He succeeds Tirso Cruz III who had held the position since 2022. Mr. Cruz resigned early in March […]
PHL seen to increase cybersecurity funding due to rising threats
REUTERS By Aubrey Rose A. Inosante CYBERSECURITY funding is expected to increase in the Philippines next year following threats and attacks faced by various organizations, analysts said. “We can expect that next year, the funding will be higher, especially now that the national cybersecurity plan (NCSP) has been signed because […]
Navigating opportunities and risks in sustainable insurance
Photo from rawpixel.com / Freepik Multinational insurance company AXA’s Future Risk Report 2023 ranked climate change as the public’s top risk across all geographies surveyed based on the potential impact on society for the near future. Many Filipinos have witnessed and are experiencing extreme heat, irregular weather patterns, and flash […]