Finance faces new nature-positive disclosure requirements

DAVOS, Switzerland — Financial firms already struggling with climate-compliance due to unclear measurement metrics will soon face new disclosure requirements for biodiversity, or nature-related, investments.  “Nature is a financial risk for business,” Elizabeth Mrema, co-chair of the Taskforce on Nature-related Financial Disclosures (TNFD), told the Reuters Global Markets Forum, adding that $10 trillion is accrued […]

Get your crypto house in order, old guard tells Davos debutantes

DAVOS, Switzerland — Cryptocurrency firms, many of which lined the main street in Davos this week, were told they will need to clean up their act before gaining complete acceptance from the World Economic Forum’s old guard.  “The future of crypto, I’m sorry to say, looks regulated to me,” said Nela Richardson, senior vice president […]

NTC approves registration of Musk’s Starlink

The National Telecommunications Commission (NTC) announced on Friday that it recently approved Starlink Internet Services Philippines, Inc.’s registration as a value-added service (VAS) provider, allowing it to directly access satellite systems, build and operate broadband facilities to offer internet services in the country. Starlink, a satellite internet constellation operated by billionaire Elon Musk’s Space Exploration […]

More ‘hot money’ enters the country in April

More foreign capital entered the country in April reflecting improved economic conditions as pandemic restrictions further eased. Data from the Bangko Sentral ng Pilipinas (BSP) showed foreign portfolio investments (FPI) or “hot money,” yielded a net inflow of $1.36 billion in April, a reversal from the $373.95 million net outflow seen in April 2021. This […]

PSC thankful for AFP’s support in Vietnam SEA Games

THE country is indebted to the Armed Forces of the Philippines (AFP) for lending its soldier athletes to the country’s cause in the 31st Southeast Asian (SEA) Games in Hanoi, Vietnam. Philippine Sports Commission (PSC) chair William Ramirez stressed the importance of the military’s helping hand by allowing its enlisted personnel who are part of […]

Congress clears report on firms’ duty over plastic goods

THE CONGRESS has ratified a consolidated version of a bill seeking to cut the Philippines’ plastic footprint by holding enterprises accountable for the life cycle of their plastic products. The bicameral conference committee report extending producer responsibility (EPR) on plastic products adopted both House Bill 10696 and Senate Bill 2425 as a working draft. “The proposed […]

Flag carrier to start first-ever Bangsamoro route in June

FLAG carrier Philippine Airlines (PAL) announced on Thursday that it will start regular fights between Cotabato City and Tawi-Tawi in June. The airline is “inaugurating the first-ever air links within the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM),” PAL said in an e-mailed statement. “Commencing on June 9, 2022, the new Cotabato – Tawi-Tawi – Cotabato PAL […]

Philippines lags in cloud ecosystem list

The Philippines ranked 59th out of 76 countries in the MIT Technology Review Insights’ inaugural Global Cloud Ecosystem Index 2022. The index is a worldwide ranking based on the progress toward cloud-centric digital economies. It also evaluates and compares the regulatory frameworks and digital practices that promote the use of cloud models in the public and private sector. The […]

PBF grassroots development program to produce champions like Merwin Tan

THE Philippine Bowling Federation (PBF) is investing on its grassroots development program to produce future champions just like Merwin Matthieu Tan, a double-gold medal winner in the 31st Southeast Asian (SEA) Games in Hanoi, Vietnam. “(Mr.) Merwin is a product of our youth program,” said national team coach Biboy Rivera during Thursday’s People, Sports, Conversations […]

Work-life ‘integration’ considered critical for employee retention

WORKER RETENTION will hinge largely on moving beyond work-life balance to work-life integration, in which employer support for their workers’ personal circumstances like parenthood is ingrained in the company’s culture, participants in the BusinessWorld Virtual Economic Forum were told on Thursday. Arlene De Castro, human resources platform Sprout Solutions chief people and customer officer, said […]

Coron: a tale of tourism and sea monsters

1 of 2 CORON islands drone shots — PHOTO COURTESY FROM NARJAY CALINAO, TPB PHOTO COURTESY FROM NARJAY CALINAO, TPB MY first visit to Coron won’t be forgotten easily. Coron, the final leg in an interisland tour earlier this summer consisting of stops in Boracay and Cebu, organized by Philippine Airlines (PAL) and the Tourism […]

Huawei to support national digitalization policies in APAC

By Brontë H. Lacsamana, Reporter SHENZHEN-based multinational firm Huawei Technologies Co., Ltd. last week shared its upcoming plans for supporting digital transformation, green and low-carbon development, and information and communications technology (ICT) advancements in Asia Pacific (APAC), both as a tech powerhouse and as a partner of governments in the region. Simon Lin, president of […]

Payment firm Stripe launches new Bitcoin conversion service

PAYMENT company Stripe, Inc. plans to give customers access to Bitcoin four years after suspending support for the cryptocurrency. Stripe teamed up with crypto startup OpenNode to allow its customers to accept Bitcoin payments through a new app, the companies announced Tuesday. Using the app, Stripe customers will be able to convert incoming payments and […]

A Brown unit starts building e-beam irradiation facility

A UNIT of A Brown Co., Inc. has started the construction of what it described as the country’s first commercial electron beam — or e-beam — irradiation facility that allows the treatment of goods. In a media release on Wednesday, listed firm A Brown said its subsidiary Irradiation Solutions Inc. (ISI) recently broke ground for […]

German-American Dooley is back on board as Azkals team mentor

GERMAN-American coach Thomas Dooley is getting a second tour of duty with the Philippine Azkals. Mr. Dooley, who previously called the shots from 2014-2018 in a stint highlighted by a breakthrough qualification to the 2019 AFC Asian Cup (AC), is back on board as the Azkals seek a return trip to next year’s Continental meet. […]