October 19, 2021
Policy support seen to mitigate ‘scarring’
THE INTERNATIONAL Monetary Fund (IMF) said macroeconomic policy support and reforms may help diminish the pandemic’s scarring effect on the Philippine economy. “Some economic scarring is likely at this point, given the depth and duration of the economic downturn,” Thomas Helbling, division chief of IMF’s Asia and Pacific Department, said in an e-mail. “Importantly, however, […]
October 19, 2021
Policy support seen to mitigate ‘scarring’
THE INTERNATIONAL Monetary Fund (IMF) said macroeconomic policy support and reforms may help diminish the pandemic’s scarring effect on the Philippine economy. “Some economic scarring is likely at this point, given the depth and duration of the economic downturn,” Thomas Helbling, division chief of IMF’s Asia and Pacific Department, said in an e-mail. “Importantly, however, […]
October 19, 2021
PHL retirement income system lags in the world
The country’s retirement income system is based on a small basic pension and an earnings-related Social Security System. — PHILIPPINE STAR/ MICHAEL VARCAS THE PHILIPPINE retirement income system is ranked the second lowest in Asia and near the bottom of a Global Pension Index covering 43 economies, after a slowdown in economic growth. The Mercer […]
October 19, 2021
PHL retirement income system lags in the world
The country’s retirement income system is based on a small basic pension and an earnings-related Social Security System. — PHILIPPINE STAR/ MICHAEL VARCAS THE PHILIPPINE retirement income system is ranked the second lowest in Asia and near the bottom of a Global Pension Index covering 43 economies, after a slowdown in economic growth. The Mercer […]
October 19, 2021
DoE wants oil deregulation law amended
Global oil prices have spiked in recent weeks due to lack of supply and strong demand as more countries reopened. — PHILIPPINE STAR/ MICHAEL VARCAS THE DEPARTMENT of Energy (DoE) on Tuesday urged Congress to amend the oil deregulation law, saying the country is now facing a “prolonged oil price spike” due to high global […]
October 19, 2021
DoE wants oil deregulation law amended
Global oil prices have spiked in recent weeks due to lack of supply and strong demand as more countries reopened. — PHILIPPINE STAR/ MICHAEL VARCAS THE DEPARTMENT of Energy (DoE) on Tuesday urged Congress to amend the oil deregulation law, saying the country is now facing a “prolonged oil price spike” due to high global […]
October 19, 2021
Digital transformation to create P5 trillion in annual economic value for PHL — Google report
A Filipino uses a mobile phone in Paranaque, Aug. 7, 2018. — REUTERS/ERIK DE CASTRO DIGITAL TRANSFORMATION is estimated to create up to P5 trillion in annual economic value for the Philippines, a report commissioned by Google Philippines showed. Fraser Thompson, AlphaBeta founder and managing director, said at a virtual briefing on Tuesday that P3.5 […]
October 19, 2021
Digital transformation to create P5 trillion in annual economic value for PHL — Google report
A Filipino uses a mobile phone in Paranaque, Aug. 7, 2018. — REUTERS/ERIK DE CASTRO DIGITAL TRANSFORMATION is estimated to create up to P5 trillion in annual economic value for the Philippines, a report commissioned by Google Philippines showed. Fraser Thompson, AlphaBeta founder and managing director, said at a virtual briefing on Tuesday that P3.5 […]
October 19, 2021
Pandemic sets back SNAP’s Alimit hydro complex
ALIMIT River — IPM FILE PHOTO By Angelica Y. Yang, Reporter SN Aboitiz Power (SNAP) said the global health emergency had pushed back the timeline of its planned Alimit hydropower complex in Ifugao province. “The project has been put on hold since ground engagements and activities are restricted due to the COVID-19 (coronavirus disease 2019) […]
October 19, 2021
Pandemic sets back SNAP’s Alimit hydro complex
ALIMIT River — IPM FILE PHOTO By Angelica Y. Yang, Reporter SN Aboitiz Power (SNAP) said the global health emergency had pushed back the timeline of its planned Alimit hydropower complex in Ifugao province. “The project has been put on hold since ground engagements and activities are restricted due to the COVID-19 (coronavirus disease 2019) […]
October 19, 2021
AC Energy to fully own Australia joint venture
FACEBOOK.COM/OFFICIALACEN AYALA-LED AC Energy Corp. is moving to fully acquire ownership of renewable energy (RE) platform UPCAC Renewables Australia, after announcing that its management has cleared the decision to buy the remaining stake of its joint venture partners in the foreign company. In a press release on Tuesday, the listed power firm said its board […]
October 19, 2021
AC Energy to fully own Australia joint venture
FACEBOOK.COM/OFFICIALACEN AYALA-LED AC Energy Corp. is moving to fully acquire ownership of renewable energy (RE) platform UPCAC Renewables Australia, after announcing that its management has cleared the decision to buy the remaining stake of its joint venture partners in the foreign company. In a press release on Tuesday, the listed power firm said its board […]
