Just last week, I was invited to talk of the role of millennials in the work force at a convention in Davao City. There is both curiosity and concern regarding the new generation of professionals who are defining the future of business. In fact, the topic is timely, interesting and universal enough for EY to recently publish insights shared by EY People Advisory Partners and Leaders in an article titled The future of work.
THE Board of Investments (BoI) has partnered with the with Tourism department and a business group to craft a roadmap for the Meetings, Incentives, Conventions and Exhibitions (MICE) industry.
AIRPORT officials have prepared measures to accommodate an expected increase in the volume of passengers this Christmas season, the Transportation department said.
The benchmark Philippine Stock Exchange index (PSEi) moved up 16.47 points, closing at 6,889.78. However, despite the gains, the PSEi remained below the 7,000 mark. File photo MANILA, Philippines – Bargain hunting, as well as early month-end window dressing, helped sustain the stock market’s upward trend at the end of the trading week, analysts said yesterday. The benchmark Philippine Stock Exchange index (PSEi) moved up 16.47 points, closing at 6,889.78. However, despite the gains, the PSEi remained below the 7,000 mark. The broader All Shares index was also up 5.9 points to 4,176.54. All counters were down, except the property segment, which climbed 68.49 points to 3,072.98. The negative counters were led by mining and oil, which was down by 184.86 points or 1.48 percent. Total value turnover reached P4.84 billion. Advancers slightly outnumbered decliners at 94 to 90, while 47 issues were unchanged. Luis Limlingan, managing director at Regina Capital, attributed the rise in share prices to some bargain hunting, portfolio rebalancing and early window dressing. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Meanwhile, the peso finally ended a seven day losing streak gaining 14 centavos yesterday with the expected pick up in cash remittances from overseas Filipinos in time for the Christmas season. The local currency opened weaker and hit an intra-day low of 49.99 to $1 before hitting an intra-day high of 49.80 to $1. The peso briefly touched the 50 to $1 level last Thursday. The peso closed at 49.84 to $1 from Thursday’s Read More …
Mrs. Santos is a very wealthy business woman and she had to go to her annual check up. Her doctor is efficient, but has a reputation of being too direct. After an hour or so, the doctor looks at Mrs. Santos and says the following: “Mrs. Santos, overall you are very healthy for a 45 year old. There is, however, only one problem. You are 40 pounds overweight and bordering on obese. I would strongly suggest you diet now to save any complications in later years.” She looks sternly at him and says, “I demand a second opinion.” “OK” he says as his anger begins to show, “you’re rottenly ugly as well!” One thing I can assure you is that this doctor will never win any popularity contest. There are people who are good with their craft, but the problem is they are not well liked and this is not a good thing. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 While their craft is still needed and marketable, they may get away with their rudeness. But once another option offers itself, they will quickly lose their business. LQ today is added to IQ and EQ as I keep on emphasizing in my talks, trainings and seminars. We are quite familiar with IQ as it means Intelligence Quotient. EQ got its popularity a few years back and is known as Emotional Quotient. LQ, however, is still mistaken as “Lover’s Quarrel” as many of the young people would say, but Read More …
MANILA, Philippines – The Semiconductor and Electronics Industries in the Philippines Inc. (SEIPI) is batting for a shift toward natural gas as a main source of power to replace coal, citing its competitive edge in terms of cost and environmental impact. “One of the major challenges faced by the electronics industry is the high cost of power, which is the second worst in Asia,” SEIPI president Dan Lachica said. He said the high power costs remain among the biggest problems for the country’s electronics industry, which produces its top export. Given the persisting concerns on high power cost, SEIPI welcomed the recent inauguration of the new natural gas-fired power plants owned by First Gen Corp., which the group said would provide much needed additional generating capacity to the Luzon grid. The group said natural gas is the best alternative to coal which is currently the cheapest source of power. Lopez-led First Gen switched on its 414-megawatt (MW) San Gabriel combined-cycle and 97-MW Avion open cycle natural gas-fired power plants in Santa Rita, Batangas on Nov. 11. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “The additional 511 MW from these natural gas power plants is a welcome development for our Philippine electronics industry,” Lachica said. For this year, electronics exports are seen returning to record levels should it finish on the higher end of industry growth targets. SEIPI is targeting a two to five percent jump in electronics exports this year. Hitting a five percent growth, according to Lachica, Read More …
MANILA, Philippines – A Single energy project is expected under the public-private partnership (PPP) program, which is an expanded version of the earlier Batangas-Manila Natural Gas Pipeline project, the PPP Center’s top official said. The Bat-Man project is still being processed under the PPP program, PPP Center executive director Ferdinand Pecson said in an interview on the sidelines of the Global Investment Forum. “For now, coming from the DOE, there is one energy-related project. It’s not about power generation, it’s about transmission of natural gas,” he said. The Department of Energy (DOE) previously said it is looking at other options in getting the project off the ground. But in the recent sit-down between the PPP Center and DOE, Pecson said the DOE is revising the scope of the original P10.528-billion Bat-Man project, which will include not only the pipeline but also the regassification facility for natural gas. “Actually, what the DOE has to decide about…is the scope that they now want to have for this project. Before, it’s just a pipeline, now they said they actually want to go further upstream and include the facility or the plant that would take in the raw material and process this into gas that would then be distributed,” he said. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 In the original plan, the Bat-Man is a 121-kilometer transmission pipeline that will transport and supply natural gas from Batangas to Metro Manila. However, forming a fuel mix policy is critical in realizing the Read More …
MANILA, Philippines – There was little to no improvement in revenue collections during the first three months of the Duterte administration when compared to economic performance because of transition, government data showed. For the first nine months, national government revenues accounted for 13.2 percent of gross domestic product (GDP), down from 13.9 percent a year ago. Broken down, taxes cornered 11.8 percent of GDP, just slightly above 11.7 percent last year. The targets for the year are 15.5 and 14.1 percent, respectively. The figures represent the revenue and tax efforts of the government which reflect the amount of revenues collected as the economy expands. Theoretically, more revenues should be collected as economy grew faster at seven percent as of the third quarter. But Finance Assistant Secretary Ma. Teresa Habitan said this was not the case. “We should give chance to the new government to perform,” Habitan said in a phone interview yesterday. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “This is still because of transition,” she added. Emilio Neri Jr., lead economist at Bank of the Philippine Islands, agreed. “Three months is too soon to be able to say they are in normal mode already,” Neri said by phone. By agency, collections by the Bureau of Internal Revenue (BIR) accounted for 9.4 percent of economic output from 9.3 percent a year ago. The Bureau of Customs, meanwhile, posted a similar 2.3 percent revenue effort for the period, data showed. Both Habitan and Neri agreed that BIR is a Read More …
PRESIDENT Rodrigo R. Duterte is considering opening up the Philippines to new players particularly in the telecommunications and power industries, saying that such measures will encourage competition and improve the lives of the poor.
THE Bank of China, Ltd. (BoC), one of the big-four Chinese state banks, will pair Chinese firms with local small, and medium-sized enterprises (SMEs) next year through “matchmaking” events, with a participation target of 1,000 Filipino firms by September 2017.