BRITISH technology company Dyson Ltd. is planning to open a software lab in Alabang, Muntinlupa City, creating 400 software engineering jobs for research and development (R&D) work over the next three years. The project is part of a global Dyson research expansion, in which GBP2.75 billion (P177 billion) will be invested into developing new technologies and products over five years. ...
Everyone agrees we need economic growth, but we cannot agree on how it can be achieved. There are two fundamental approaches the government can take. The first is through more public spending, which would put the country into even more debt. In the short term, while interest rates are low, the problems of this are not so severe, but ...
THE Department of Tourism (DoT) has condemned the party that took place in Boracay on Oct. 31, saying such irresponsible action compromises efforts to revive the tourism industry. The DoT, which serves as co-vice chair of the Boracay Inter-Agency Task Force for rehabilitation, said in a statement that it also "supports the recommendation of the Boracay Inter-Agency Rehabilitation Management Group ...
Suit makers say there will be a ‘desire to dress up’ after latest Covid lockdown in England Last week, the designer Jil Sander told the New York Times that it was time to finally ditch sweatpants because “down-dressing is a drainer”. A harbinger of a certain shift in mood, Sander has captured a moment in which, with lockdown soon ...
Economic managers are hoping the timely passage of the measure cutting corporate income tax and reforming the tax incentive system will help the economy bounce back faster. -- REUTERSBy Charmaine A. Tadalan, Reporter THE SENATE on Thursday approved on third and final reading a measure that will immediately lower the corporate income tax (CIT) to 25% from the current 30% ...
Hospitals were nearly overwhelmed with the number of coronavirus disease 2019 (COVID-19) cases at the start of the pandemic. Picture taken June 26. -- REUTERS/ELOISA LOPEZBy Denise A. Valdez, Senior Reporter THE coronavirus pandemic is prompting companies to prioritize big investments in the healthcare sector, in preparation for any future outbreaks. "People are saying, how does one learn from a ...
Jeepney drivers had to beg for money in the streets, after they were left unemployed as public transportation was halted during the strict lockdown earlier this year. -- PHILIPPINE STAR/MICHAEL VARCASBy Beatrice M. Laforga, Reporter THE COUNTRY'S unemployment rate will likely remain at around 9-10%, roughly double its pre-pandemic level, until mid-2021, Asian Development Bank (ADB) Country Director for the ...
REUTERS By Luz Wendy T. Noble, Reporter MORE FOREIGN CAPITAL entered than left the country in October to yield a net inflow after seven straight months of outflows, the Bangko Sentral ng Pilipinas (BSP) said on Thursday. Foreign portfolio investments -- also known as "hot money" because of the ease by which these funds enter and exit the economy -- ...
BW FILE PHOTO THE MONETARY BOARD has approved a regulatory framework for digital banks, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Thursday. "We see these [digital] banks as additional partners in further promoting market efficiencies and expanding access of Filipinos to a broad range of financial services," Mr. Diokno told reporters via Viber. Under the framework, ...
With the second lockdown well underway and many workers facing continued uncertainty about when they will next be back in the office, the debate about what the future of work looks like for businesses is starting to ramp up. Earlier this month Standard Life Aberdeen’s new chief, Stephen Bird, launched a passionate attack on the remote working movement, as ...