Peso rebounds vs dollar as US data support bets of less hawkish FOMC

THE PESO rebounded against the dollar on Wednesday as slower US employment and housing data supported expectations of a less hawkish policy stance by the Federal Reserve. The local currency closed at P54.475 versus the greenback on Wednesday, appreciating by 16.5 centavos from Tuesday’s P54.64 finish, data from the Bankers Association of the Philippines’ website […]

BIR to allow more transactions via online portal in late January

THE Bureau of Internal Revenue (BIR) said it will allow taxpayers to conduct more transactions online late this month. Individuals will be permitted to update their information or applications through the online registration and update system (ORUS) starting Jan. 23, according to a memorandum circular. Through ORUS, taxpayers can update their registration information with regard […]

Marcos tells advisors he will certify E-Governance bill as urgent, backs RCEP

PRESIDENT Ferdinand R. Marcos, Jr. signaled his intent to certify as urgent a measure that will digitalize the bureaucracy to his business-sector advisors. The Palace also announced that Mr. Marcos is pushing the Senate to act on the ratification of the Regional Comprehensive Economic Partnership (RCEP) trade agreement. Mr. Marcos made his intent to certify […]

DTI partners with tech provider to promote digital transformation

THE Department of Trade and Industry (DTI) and JustPayto Philippines Corp. (JustPayto) have formalized their partnership with the aim of boosting financial inclusion in the country by providing digital payment solutions to micro, small, and medium enterprises (MSMEs). JustPayto intends to onboard all interested DTI-registered businesses into its platform, enabling said businesses to sell more […]

China Box, a Completely New Watch-to-Earn NFTs Project Is Officially Launched

A non-profit project with the ultimate goal of becoming the largest digital gallery to showcase all amazing aspects of China, the country with the longest continuous history in the world New York, NY, January 04, 2023 – (SEAPRWire) – NFTs have taken over the internet. No one, from businesses to brands and celebrities, can deny onboarding the NFT […]

DENR hoping to deploy biotech solutions to fight climate change

THE DEPARTMENT of Environment and Natural Resources (DENR) said it will explore biotechnology solutions in addressing climate change.  “Biotechnology is one of the tools that we can use to boost economic growth, create jobs, develop healthcare solutions, improve agri-food systems, and rehabilitate and protect our environment and natural resources,” Environment Undersecretary Jonas R. Leones said […]

Procurement, bonuses deemed hot spots for GOCC corruption

THE GOVERNANCE Commission for GOCCs (GCG) said its anti-corruption and integrity program will focus on problem areas like procurement and property disposals by state-owned companies. The GCG said it also considers bonuses, allowances, and incentives at state-owned firms, known as government-owned or-controlled corporations (GOCCs), another area that needs to be watched. “This program will ultimately […]

P92-M flood protection for coconut plantations, farms in Baler, Aurora completed 

A P91.68-million flood protection structure for coconut plantations and other farmlands in Baler, Aurora had been completed, according to the Department of Public Works and Highways (DPWH).   In a statement on Tuesday, DPWH said the structure stretches 746 meters along the Malupa-Dian-Aguang River. The five-meter-high river wall serves as protection from water overflow during heavy […]

Services, BPOs, semiconductors to remain growth drivers in 2023

THE SERVICES, business process outsourcing (BPO), semiconductor, and infrastructure industries are expected to be the growth drivers for the economy next year, analysts said. “The crucial sector will be services. Digital technology has made it possible to realize economies of scale in services since face-to-face transactions are no longer necessary,” Ateneo de Manila University Economics […]