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.
The five children of Mega Global founders William and Marylou Tiu Lim—Michael, Michelle, Mark, Malcolm and Marvin—are accomplished individuals with diverse interests and personalities. Of course, they do not always agree, but because of their love for each other, they have learned to speak their mind and heart. Loving families know how to conduct healthy discussions rather than just being civil to each other on the surface while letting resentments build up inside. It is heartwarming when the family starts meetings with updates from each ch ...
Mamon considers 2014 as a “breakout year” for EK. He views the theme-park as a vehicle to... park business,” he adds. He says that being in the amusement and attractions industry has...
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 ...
applicants for 30 places. “It got amazing traction, we could see the appetite for more, so... actual business,” said Favour Ehuchie, an 18-year-old hairdresser. Another student, keen...
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 ...
The introduction of the spot market for foreign exchange trades between the Philippine peso and the Chinese renminbi during the previous administration had many doubters and, to a large degree, it still does to this day. But at least one financial institution decided to forge ahead and build a thriving business based on it despite these doubts. Or maybe because of it, since other players remain cool to the idea. We’re talking about Asia United Bank (AUB) whose leadership recently decided to further increase its foreign exchange trading of the ...
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 ...
The first time “insider trading”—which is now the subject of an ongoing Senate inquiry with Development Bank of the Philippines and businessman Roberto Ongpin at the crosshair—caught the public eye was in 1999. It will be recalled that in 1998, BW Gaming and Entertainment Corp., headed by businessman Dante Tan, won the exclusive contract to operate a nationwide online bingo franchise and the Quick Pick-2 gambling game, which is similar to the illegal numbers game called jueteng. ...
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