COMPANIES are now eager to hire more employees to grow in the post-pandemic business environment. This is after Covid-19 paused hiring opportunities for more than two years. In the Philippines, one in two companies, mostly the large ones with more than 160 employees, reported that their hiring plan is back to the pre-pandemic levels. This […]
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ECB to raise deposit rate by 50 bps on Dec 15 as bloc enters winter recession
LONDON – The European Central Bank will take its deposit rate up by 50 basis points next week to 2.00%, despite the euro zone economy almost certainly being in recession, as it battles inflation running at five times its target, a Reuters poll found. Since starting its inflation-fighting campaign in July, later than its peers, the ECB has been raising rates at its fastest pace on record and […]
More consumers search for products via e-commerce platforms — Lazada
SINGAPORE — Over half of Southeast Asian consumers are using e-commerce platforms as a search engine to look for products, according to a report conducted by Lazada. Lazada released on Thursday its “Transforming Southeast Asia: From Discovery to Delivery” report during its LazMall Brands Future Forum in Singapore, which showed that 57% of shoppers in […]
Loan standards for firms, consumers steady in Q2
BANKS’ CREDIT STANDARDS were broadly steady in the second quarter, which could be kept for businesses but eased for consumers in the coming months, a Bangko Sentral ng Pilipinas (BSP) survey showed. The BSP’s latest Senior Bank Loan Officers’ Survey published on Thursday showed most respondent lenders maintained their lending standards for both enterprises and […]
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” […]
More than 1,000 families of drug war victims back ICC probe
A TOTAL of 204 representations for about 1,050 families of those killed in the Duterte administration’s anti-illegal drug operations were submitted to the International Criminal Court (ICC), according to the Registry Report posted online on Monday. The report showed that of the total representations, which cover 1,530 individual victims, 94% or 192 want the international court to investigate President Rodrigo R. Duterte’s war on drugs […]
As pandemic persists, mental health frays
PANDEMIC-INDUCED fear continues to weigh down Filipinos, who are calling crisis hotlines, searching the internet for wellness apps and anxiety remedies, and reporting a lack of focus. “Questions are triggered. People call and say, what if I die? I may not live. The idea of mortality is close to them,” said Jean L. Goulbourn, founder and […]
LVMH Watch Week: Passing time
1 of 3 HUBLOT BULGARI ZENITH TIME passes. The 525,600 minutes of 2020 are now in the past, and the passing of the 525,600 minutes of 2021 are being marked on our watches. For some, the passing of time is marked on luxury watches like those that LVMH showed in a virtual press conference in […]
Peso inches up on push for US stimulus, vaccination progress
THE PESO inched up against the greenback on Wednesday amid the push for the urgent passage of a stimulus package in the US and the global vaccination drive. The local unit closed at P48.019 per dollar, up slightly from its P48.053 finish on Tuesday, data from the Bankers Association of the Philippines showed. The peso […]