Senator asks Labor dep’t to partner with LGUs to penalize firms violating 13th month pay law

A SENATOR has asked the Department of Labor and Employment (DoLE) to partner with local governments to be able to penalize companies that fail to release the mandatory 13th month pay of workers. Under Senator Raffy T. Tulfo’s proposal, local government units (LGUs) will get authority to withhold the annual business permit renewal of a […]

PHL pitches US investors on worker upskilling, infrastructure

THE PHILIPPINES explored possible US investment in worker training and infrastructure projects on the sidelines of the United Nations appearance of President Ferdinand R. Marcos, Jr., the Department of Trade and Industry (DTI) said. In a statement on Monday, the DTI said these were the agreed-on areas of possible collaboration with US companies when members […]

Senator asks peers to review contradictions in gov’t enforcement of Corporate Recovery law

A RESOLUTION that seeks to review the government’s enforcement of a law that extends fiscal relief to local and foreign corporations in the Philippines has been filed at the Senate. Senator Ana Theresia N. Hontiveros-Baraquel in Senate Resolution 219 called on her peers to convene as an oversight committee to review the rules that enforce […]

ApexBrasil Agency and Alibaba Signed a Memorandum of Understanding

HONG KONG, Sep 6, 2022 – (ACN Newswire via – The Brazilian Export and Investment Promotion Agency (ApexBrasil) held a memorandum of understanding (MoU) signing ceremony with Alibaba Group to deepen their cooperation on cross-border e-commerce platforms during the China International Fair for Trade in Services on September 3, 2022. Under the framework of […]

How tech companies can stay agile in an uncertain world

(First of two parts) The recent surge in risks associated with international commerce and technology nationalism has had a significant impact on the technology sector. Tariff increases, export limitations, stricter privacy regulations that include data onshoring, changes to employment requirements, and a closer examination of mergers and acquisitions (M&A) and ownership regulations are just a […]

Embracing the power of technology beyond the COVID-19 crisis

As the pandemic slows down in many parts of the world, many companies will find that digital technology will be one of the most powerful options for recovery during this next phase of the COVID-19 crisis. Businesses will also undertake this challenge despite severe obstacles which include inconsistent revenue, disorganized workforces, broken supply chains, and […]

Smart partners with US firm Omnispace to explore space-based 5G technologies

PLDT, Inc.’s wireless arm Smart Communications, Inc. is collaborating with US-based global communications provider Omnispace to explore the capabilities of space-based fifth-generation (5G) communications using low-Earth orbit (LEO) satellites for the Philippine market. “This collaboration with Omnispace will allow our companies to work together to define use cases for the Philippine market,” Arvin L. Siena, […]

Essex Bio-Technology Included in “Forbes Asia’s Best Under A Billion 2022”

HONG KONG, Aug 16, 2022 – (ACN Newswire via – Essex Bio-Technology Ltd (“EssexBio” or the “Group”, Stock Code: 1061.HK) is pleased and honoured to announce that it is included in “Forbes Asia’s 200 Best Under A Billion 2022” – for the Group’s outstanding long-term sustainable development across a variety of metrics. (Source: […]

Three local companies enter Forbes’ under a billion list

Three Philippine companies — COL Financial Group, Inc., Crown Asia Chemicals Corp. and Eagle Cement Corp. — are among Forbes Asia’s roster of top-performing publicly traded small and midsized firms in the Asia-Pacific region this year. The annual “Forbes Asia’s Best Under A Billion,” identifies the top 200 companies out of 20,000 publicly listed firms in the […]

Proactive transformers better for shareholders, according to study

SOUTHEAST ASIAN companies that took transformative actions proactively posted more shareholder returns than those doing so reactively, based on a study by strategy consulting organization EY-Parthenon. Angela Ee, EY ASEAN and Singapore restructuring leader, said in a virtual round table discussion on Thursday that the report called “Transformation in Southeast Asia: Four archetypes of outperformers” […]

Insurers urge IC to postpone hike in capital requirement

INDUSTRY LEADERS urged the Insurance Commission (IC) anew to postpone the mandated increase in their minimum capital set for this year’s end, saying many companies are still far from meeting the higher requirement. Philippine Insurers and Reinsurers Association (PIRA) Chairman Edgardo D. Rosario and Etiqa Philippines Chief Executive Officer (CEO) and Philippine Life Insurers Association […]

Fujitsu and Salesforce Japan start collaboration on healthcare solutions for the Japan market

TOKYO, Jun 21, 2022 – (JCN Newswire via – Fujitsu and Salesforce Japan Co., Ltd. (hereinafter Salesforce Japan) today announced the start of a collaboration to create new digital solutions for the healthcare sector in the Japan market. The two companies will promote this initiative by leveraging Fujitsu’s expertise in the trusted handling of […]

PSE aims for better stock liquidity after ‘investor day’

THE Philippine Stock Exchange (PSE) is hoping that its upcoming “investor day” event will improve liquidity among non-PSE index companies should new investors come in and prompt follow-on offerings. “We are pleased to offer a platform for these non-PSE index and recently listed companies to come together to provide relevant corporate information and developments to […]

Dizraptor App Offers Pre-IPO Investments from $10,000

New York, NY, May 19, 2022 – (NovationWire) – This spring Dizraptor app has provided access to private equity investments for retail investors. The app lets you invest in disruptive technology companies at the mid- to late growth stages. Investments are available from $10,000 and up. Dizraptor can be downloaded from the App Store and Google Play. Rare […]