Grab contributes up to 0.3 percent to GDP – study
Ride-hailing giant Grab Philippines contributes as much as 0.3 percent to the economy, as a peso spent on the platform generates an additional P3.42 in output, according to a recent report......»»
Philippines slightly upgrades GDP growth to 6 pct in Q3
MANILA, Jan. 30 (Xinhua) -- The Philippine Statistics Authority (PSA) on Tuesday slightly upgraded year-on-year growth of gross domestic product (GDP) for the third quarter of 2023 to 6 percent from preliminary estimate of 5.9 percent. "The major contributors to the upward revision were manufacturing, from 1.7 percent to 1.8 percent; financial and insurance activities, from 9.5 percent to 9.6 percent; and accomm.....»»
Grab Philippines commends Marcos, Romualdez on transpo reforms
During the meeting between Grab Holdings, Inc. executives with PBBM, Grab proudly shared its significant contribution to the nation's economy, having eased unemployment by 1.1% from 2019 to 2021......»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
Vietnam s GDP to reach nearly 470 bln USD in 2024: IMF
HANOI, March 14 (Xinhua) -- Vietnam's gross domestic product (GDP) is forecast to reach about 469.7 billion U.S. dollars by the end of 2024, ranking the fifth in Southeast Asia, Vietnam News reported Thursday, citing the International Monetary Fund (IMF). Indonesia, Thailand, Singapore and the Philippines have taken the leading positions in the forecast. According to IMF, Vietnam's GDP was estimated to ha.....»»
Filipino workforce lacks soft skills to adapt to digital age: gov t study
MANILA, Feb. 6 (Xinhua) -- Filipino workers lack soft skills, making it hard for them to adapt to the digital age, such as artificial intelligence and fast-emerging technologies, according to a government study released on Tuesday. Toward Measuring Soft Skills for Youth Development: A Scoping Study, a study conducted by the Philippine Institute for Development Studies, reveals that the Filipinos' weakness in sof.....»»
Digital economy contributes 8.4 pct to Philippine economy in 2023
MANILA, April 25 (Xinhua) -- The digital economy amounted to 2.05 trillion pesos (35.396 billion U.S. dollars) in 2023, contributing 8.4 percent to the country's gross domestic product (GDP), the Philippine Statistics Authority (PSA) said Thursday. "This resulted in a 7.7 percent growth from the 1.90 trillion pesos (32.8 billion dollars) gross value added of the digital economy in 2022," the agency said......»»
Small businesses may make up 60% of Philippines GDP – Visa
Small businesses in the Philippines may produce as much as 60 percent of the country’s gross domestic product (GDP) if financial institutions and the government could help the sector grow in the coming years, according to global digital payments platform Visa......»»
Grab tests DriveYourCar service
Ride-hailing giant Grab Philippines is testing the viability of a new service that allows customers with vehicles to hire a driver for almost P2,000 for 12 hours......»»
GrabBike relaunch? Grab readying its motorcycle taxis even without approval
As Grab's top brass meet with the President, could the ride-hailing giant be readying to finally crack into the motorcycle taxi market?.....»»
Angkas to Angcars? Here are the challengers to Grab’s ride-hailing dominance
There are currently six approved transport network companies, with Angkas and possibly InDrive set to join them, but none have yet to truly challenge Grab.....»»
Angkas to ‘Angcars?’ Here are the challengers to Grab’s ride-hailing dominance
There are currently six approved transport network companies, with Angkas and possibly InDrive set to join them, but none have yet to truly challenge Grab.....»»
Duterte using cops, soldiers for power grab – Bayan
The military and the police should not allow themselves to be used by former president Rodrigo Duterte in his desire to grab power by ousting President Marcos, cause-oriented group Bagong Alyansang Makabayan (Bayan) said yesterday......»»
CRMC, USJ-R grab 2nd wins in Sinulog Cup
CRMC, USJ-R grab 2nd wins in Sinulog Cup.....»»
Philippines GDP growth slows to 5.6 pct in 2023
© Provided by Xinhua MANILA, Feb. 1 (Xinhua) -- The Philippine economy grew by 5.6 percent in 2023 after expanding by 5.6 percent in the fourth quarter, below the 6 to 7 percent target range for 2023 set by the government, the Philippine Statistics Authority.....»»
Philippines GDP growth slows to 5.6 pct in 2023
© Provided by Xinhua MANILA, Feb. 1 (Xinhua) -- The Philippine economy grew by 5.6 percent in 2023 after expanding by 5.6 percent in the fourth quarter, below the 6 to 7 percent target range for 2023 set by the government, the Philippine Statistics Authority.....»»
Pentagon study finds no sign of alien life in reported UFO sightings going back decades
WASHINGTON — A Pentagon study released Friday that examined reported sightings of UFOs over nearly the last century found no evidence of aliens or extraterrestrial intelligence, a conclusion consistent with past U.S. government efforts to assess the accuracy of claims that have captivated public attention for decades. The study from the Defense Department’s All-domain Anomaly.....»»
Plastics Found on Everyday Products Could Be Causing a Rise in Premature Births, Study Suggests
Title: Study Suggests Phthalates Found in Everyday Products Linked to Rise in Premature Births In a groundbreaking study published in the journal Lancet Planetary Health,.....»»
Study: Association Found Between Chemicals Used in Plastics and an Increase in Premature Births
Title: Study Links Phthalates in Plastic to Thousands of Premature Births Annually Date: [Insert Date] Source: The Daily Guardian A recent study published in Lancet.....»»
Polycystic Ovary Syndrome (PCOS) Associated with Cognitive Decline, Study Reveals
New Study Reveals Potential Cognitive Dysfunction Linked to Polycystic Ovary Syndrome (PCOS) A new research study has shed light on the potential cognitive dysfunction that.....»»
Screen Time for Kids Under Two Linked to Sensory Differences in Toddlerhood, Study Reveals
Television Screen Time in Infants Linked to Sensory Differences, New Study Finds A recent study has shed light on the potential effects of television screen.....»»