To solve the complex problems of the skills mismatch in the Philippine economy at this point of fast-changing technologies, which sector has to make a major first step? · The problem: It is effortless to say everyone must take immediate short-term steps for long-term employment and entrepreneurship prospects, since very few can even feel for these as talents produced do not fit the dramatically changing needs. Schools can prepare students for future jobs—but these have yet to be practically defined in curricular offerings beyond the United N ...
Is there a mini-Cabinet reshuffling coming soon? ; We hear that there may be upcoming changes, especially in the economic team of President Marcos. ; The buzz is that Rep. Ralph Recto, a House Deputy Speaker and formerly a three-term Senator, may soon be named as new finance secretary, replacing Sec. Benjamin Diokno. ; The suspension of the Maharlika Investment Fund implementing rules will give leeway for a successor to tweak the framework.
INNOVATION IN human resources (HR) has taken an interesting new turn. In the past, most of HR innovations were about automation of HR data. In the 1980’s, the automated HRIS (human resources information system) replaced the 201-file system inherited from the military. Today, venture capitalists are investing heavily in “social and referral recruiting, talent analytics, assessment science, online learning and mid-market core HR systems.” · New users · Josh Bersin says, “Today the most important factor in HR software is no longer the fu ...
Institutional stock brokerage Philippine Equity Partners Inc. (PEP), which has a consistently enviable ranking among independent and locally owned brokerage houses, emerged as the top broker in the local stock market in 2022, based on value turnover. Recall that in 2016, Lorenzo Andres “Randy” Roxas bought into the brokerage house after bowing out as chair and president of Maybank ATR Kim Eng Securities. PEP itself was formed in 2001 following the management buyout of shares in the Philippine unit of Merrill Lynch. To date, PEP still handle ...
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Araneta III, son-in-law of the late strongman Ferdinand Marcos and one of the firm’s biggest individual shareholders, as its new chair. Araneta was elected to take the place of businessman Roberto Ongpin, who resigned as chair last month after finding himself being “struck by lightning,” having been named by President Duterte as an “oligarch” who had to be destroyed. In a disclosure to the Philippine Stock Exchange Monday, Philweb said Araneta was the ...