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Bullish amid wars
Two hot wars and a trade war are ongoing......»»
Companies State it Takes More Than 6 Months to Fill Cybersecurity Positions
The latest Kaspersky survey found that 48% of companies require over half a year to find a qualified cybersecurity professional. A lack of proven experience was cited as one of the biggest challenges, along with the high cost of hiring and global competition in talent acquisition. With global labor markets continuing to clamor for InfoSec […].....»»
Japan credit rater bullish on Philippine growth this year
The Philippine economy is likely to grow by six percent this year, mainly driven by robust private consumption amid easing prices and stable remittances, Japan Credit Rating Agency Ltd. said......»»
Uncertainty looms over Davao-Samal Bridge project amid RoW hurdles
The construction of the Samal Island-Davao City Connector (SIDC), also known as the Davao-Samal Bridge project, has faced numerous setbacks due to right-of-way (ROW) acquisition challenges. The project was halted on January 3, 2024, due to issues with landowners near a pier in Lanang at Davao City, leading to delays in the project's implementation. While there have been conflicting statements regarding the project's status, the National Economic and Development Authority-Davao Region (Neda-Davao) aims to complete the detailed engineering plans for the substructure of the west land via dock once the Deed of Transfer Possession in Davao City is released. However, ROW issues continue to persist. Despite these challenges, the project is still considered a priority and is included in the Davao Region Development Plan (DRDP) for 2023–2028. The project is funded through China’s Official Development Assistance with an estimated budget of P23.04 billion, and negotiations with the Philippine government are ongoing with a target completion date in 2027. The uncertainty surrounding the project's timeline remains as ROW hurdles persist, impacting the much-anticipated toll-free four-lane concrete exodus bridge spanning a 3.98-kilometer distance......»»
Growing AI and Climate Challenges Cause Rising Concern Among CEOs of Companies, Survey Shows
Title: CEOs Feeling Optimistic about Global Economy, but Concerned about Viability in the Next Decade, According to PwC Survey Date: [Insert Date] Source: The Daily.....»»
Philippines Extends Lower Tariffs on Essential Foods Amid Economic Challenges
President Ferdinand “Bongbong” Marcos Jr. has approved the extension of reduced tariffs on staple foods until the end of 2024. Marcos has issued Executive Order 50 to maintain price stability and ensure affordable prices for rice, corn, and meat products. “The present economic condition warrants the continued application of the reduced tariff rates on rice, […].....»»
Marcos Jr. pushes peace in West Philippine Sea amid tensions
Tensions in the South China Sea have increased in recent months, President Marcos said, as he vowed to continue striving for peace while remaining open to “new solutions” to emerging security challenges......»»
MMFF 2023 stars appeal for audience support
Will the audience come out stronger for the 2023 Metro Manila Film Festival? In 2022, amid challenges brought about by the pandemic, the turnout generated P500 million in gross sales for the annual film festival. .....»»
First-time producers bankroll Vilma-Christopher film
This year’s Metro Manila Film Festival is seeing new players stepping up to support and finance films, a welcome development amid the challenges in the movie-making industry......»»
Philippine economy seen to grow below target this year
The Philippine economy is expected to post a 5.6-percent growth this year, below the government’s target, amid challenges, such as high inflation, weakness in the global economy, and the impact of the pandemic, according to the World Bank......»»
D& L bullish on coco biodiesel business
D&L Industries Inc., the listed specialty food ingredients and oleochemicals producer, is optimistic about the prospects of its coco-biodiesel blend business amid reports the government plans to increase the mandated blend to three percent next year from two percent at present......»»
Diokno to CEOs: Phl economy fastest growing
At the Nov. 25, 2023 22nd anniversary dinner of BizNewsAsia, Finance Secretary Benjamin E. Diokno painted a bullish outlook for the economy......»»
CEOs of Top Digital Companies Forecast a Booming Startup Industry in 2024
Bohol, Philippines—Top industry players forecast a “very booming” technology startup community in 2024 amid a post-pandemic scenario in the Philippines. Roland Ros, CEO and Founder of Kumu, said he expects to see more creators and startup companies coming from the provinces outside of Manila considering the continued infrastructure development in the countryside. Ros predicted that […].....»»
Phoenix stays bullish on road to recovery
Phoenix Petroleum Philippines Inc. of Davao-based businessman Dennis Uy remains bullish on its recovery path despite challenges and setbacks......»»
Philippine economy likely rebounded in Q3
Economic growth likely grew at a faster pace in the third quarter after slowing for three straight quarters amid challenges brought about by elevated inflation and soaring interest rates, according to economists......»»
Seventeen years of journey in the field of publication
“How time flies, and it feels like just yesterday when Bicol Peryodiko started in the province of Catanduanes as an alternative community newspaper of general circulation. Even though we are still minors at the age of 17, we could not have imagined reaching this year amid life’s challenges. It’s an unforgettable moment to have given […].....»»
Ben Diokno, Mr. Optimism
Amid increasing global headwinds and unprecedented challenges to the Philippine economy, Finance Secretary Benjamin Diokno, the head of President Marcos Jr.’s economic team, seems to me, to be under siege......»»
Steven Tan named Winshang’s International Influential Person in Shopping Centers
SM Supermalls president Steven Tan was recognized as one of Winshang’s Golden Censer Prize winners for being “The International Influential Person of the Year 2023 in Shopping Centers” at the 2023 China (International) Shopping Center Summit in Shanghai on 24 August. The Golden Censer Prize is a large-scale professional recognition of China’s commercial real estate and famous brands initiated by Winshang, in collaboration with mainstream industrial media, based on field research, data analysis, and media surveys among others. Tan, who assumed the role of president of SM Supermalls in 2020, has been a key figure in the growth and innovation of the mall chain in the Philippines and China. Retail legacy As President, he oversees mall operations in both countries, carrying forward SM’s 65-year legacy of retail innovation and outstanding customer service. Under his leadership, SM Supermalls withstood the challenges of the pandemic and rebounded as the economy slowly opened up amid the global health crisis. With the guidance of the Sy family, Tan made sure that SM responded with an agile, innovative, and proactive approach to cater to the needs of all stakeholders, from employees and tenants to shoppers. Mall’s strategies The mall’s strategies — adapting the tenancy mix, creating novel reasons to attract visitors to malls, targeting new customer segments through innovative marketing, and developing omnichannel services — enabled them to gain the trust and loyalty of modern shoppers during the pandemic. Because of this, SM managed to recover and exceed pre-pandemic revenues and income by 2023. In line with its latest expansion program, SM continues to open new malls in China and the Philippines. This brings the total number of shopping centers, locally and internationally, under Tan’s stewardship to 93, featuring a cumulative construction area of over 10.8 million square meters and a daily foot traffic of more than 4.2 million. The latest SM malls to open are SM City Yangzhou last 28 September 2023 (left) and SM City Sto. Tomas, Batangas last 27 October 2023 (right). The latest malls to open were SM City Yangzhou last 28 September 2023 and SM City Sto. Tomas, Batangas last 27 October 2023. Numerous accolades Tan’s exceptional efforts were also honored by various international organizations over the years. He received numerous accolades including the 2021 Asia’s Most Influential by Tatler Asia, the 2022 Asia Pacific Women’s Empowerment Principles Awards Leadership Commitment by United Nations Women, and the Global Filipino Executive of the Year at the Asian Chief Executive Officer Awards just to name a few. His dedication and visionary leadership continue to shape the landscape of shopping centers and commercial real estate, not just in Asia but across the globe. The post Steven Tan named Winshang’s International Influential Person in Shopping Centers appeared first on Daily Tribune......»»
SM’s Steven Tan named Winshang’s 2023 International Influential Person in Shopping Centers
SM Supermalls president Steven Tan was recognized as one of Winshang’s Golden Censer Prize winners for being "The International Influential Person of the Year 2023 in Shopping Centers" at the 2023 China (International) Shopping Center Summit in Shanghai on 24 August 2023. The Golden Censer Prize is a large-scale professional recognition of China's commercial real estate and famous brands initiated by Winshang, in collaboration with mainstream industrial media, based on field research, data analysis and media surveys, among others. Tan, who assumed the role of President of SM Supermalls in 2020, has been a key figure in the growth and innovation of the mall chain in the Philippines and China. As president, he oversees mall operations in both countries, carrying forward SM's 65-year legacy of retail innovation and outstanding customer service. SM Mall of Asia Complex Under his leadership, SM Supermalls withstood the challenges of the pandemic and rebounded as the economy slowly opened up amid the global health crisis. With the guidance of the Sy family, Tan made sure that SM responded with an agile, innovative and proactive approach to cater to the needs of all stakeholders, from employees and tenants to shoppers. SM City Yangzhou SM City Sto. Tomas The mall’s strategies -- adapting the tenancy mix, creating novel reasons to attract visitors to malls, targeting new customer segments through innovative marketing and developing omnichannel services -- enabled them to gain the trust and loyalty of modern shoppers during the pandemic. Because of this, SM managed to recover and exceed pre-pandemic revenues and income by 2023. In line with their latest expansion program, SM continues to open new malls in China and the Philippines. This brings the total number of shopping centers, locally and internationally, under Tan's stewardship to 93, featuring a cumulative construction area of over 10.8 million square meters and a daily foot traffic of more than 4.2 million. The latest malls to open were SM City Yangzhou last 28 September 2023 and SM City Sto Tomas, Batangas last 27 October 2023. Tan’s exceptional efforts were also honored by various international organizations over the years. He received numerous accolades including the 2021 Asia's Most Influential by Tatler Asia, the 2022 Asia Pacific Women's Empowerment Principles Awards Leadership Commitment by United Nations Women, and the Global Filipino Executive of the Year at the Asian Chief Executive Officer Awards, just to name a few. His dedication and visionary leadership continue to shape the landscape of shopping centers and commercial real estate, not just in Asia but also across the globe. Steven Tan receives the 2023 PeopleAsia People of the Year Award. Tan shared the Winshang Golden Censer Prize with his two co-awardees, namely Powerlong Real Estate Holding’s Co-president Chen Deli, and SCE Commercial Management Holdings' chairman of the board Huang Lun. SM Supermalls is a subsidiary of SM Prime Holdings Inc., with 85 malls in the Philippines and 8 in China. The post SM’s Steven Tan named Winshang’s 2023 International Influential Person in Shopping Centers appeared first on Daily Tribune......»»
Prioritize OFW repatriation, reintegration — Go
Senator Christopher “Bong” Go has reiterated the urgency of providing repatriation support and eventually, reintegration plans for overseas Filipino workers returning from Israel and Lebanon, in the light of escalating tensions in the region. Go, vice chairperson of the Senate Committee on Migrant Workers, said a comprehensive repatriation and reintegration program should be in place to cater to the varying needs of returning OFWs. “It’s about empowering our OFWs to restart their lives here with dignity and hope,” Go remarked. Once the OFWs return home, Go called on the government to ensure that reintegration programs are made readily available for them to overcome the trauma they experienced and be able to recover. “Our kababayans are coming home under distressing circumstances. It is the government’s responsibility to extend all possible support to these modern-day heroes,” Go said. “Aside from possible employment opportunities, the government must be ready to provide assistance for their physical and psychological well-being, temporary housing if needed, and the welfare of their families as well,” he added. The Philippine government has approved voluntary repatriation for Filipinos in Lebanon amid brewing tension in the region while the situation in Israel is particularly concerning, with Israel intensifying its bombings in Gaza. With this, Go emphasized the need for both the government and OFWs to take proactive steps to ensure their safety. The senator urged the Department of Foreign Affairs, the Department of Migrant Workers and other relevant agencies to closely monitor the situation and provide timely updates to OFWs and their families. In another development, Go has urged various government agencies to amplify and accelerate their interventions for the most affected sectors of society as the country grapples with the economic challenges posed by high inflation rates. This call to action comes in the wake of a recent and concerning study conducted by the Bangko Sentral ng Pilipinas indicating that high inflation is expected to persist until 2025. Meanwhile, Go expressed his strong support and commendation for the 150 scholars currently enrolled in the Technical Education and Skills Development Authority program in Daet, Camarines Norte. The educational venture was initiated in collaboration with the Philippine Academy of Technical Studies Inc. The post Prioritize OFW repatriation, reintegration — Go appeared first on Daily Tribune......»»