State-owned Development Bank of the Philippines (DBP) is stepping up its efforts to finance the strategic initiatives of the Marcos Administration to ensure food security in the country through a lending facility aimed at revitalizing the local hog industry, a top official said. DBP President and Chief Executive Officer Michael O. de Jesus said that the Bank’s Swine Repopulation, Rehabilitation, and Recovery (Swine R3) Credit Program, in partnership with the Department of Agriculture (DA), assists in the establishment of bio-secured swine far ...
Written by: Linda B. Bolido · There remains a common perspective that security primarily entails the presence of uniformed personnel patrolling establishments, verifying credentials and identities, and employing tools such as metal detectors to deter and prevent misconduct. But in this digital era, threats manifest in both physical and virtual forms. Individuals with malicious motives can orchestrate mischief from a distance, emphasizing the evolving challenges of modern security. Annex Digita...
The urgent need to end stunting and involuntary hunger is finally getting the long-awaited national attention with the projects and initiatives from the public and the private sectors. Successive political administrations have tried to reduce the severity of malnutrition and child stunting in the Philippines, but the needle hardly moved and even worsened. Addressing malnutrition and child stunting requires a whole-of-nation approach and that means interventions must not only tackle the palliatives – i.e. feeding programs – but should also c ...
MANILA -Local companies are fortifying their cyber defenses to support remote working, which has become a preference for many employees since the onset of the pandemic that barred mobility, according to an enterprise cloud provider. Trend Micro Philippines country manager Ian Felipe, in an interview with the Inquirer, said that organizations “showed improvement in their cyber preparedness levels” as “robust cybersecurity enables Filipino employees to work from anywhere securely and efficiently.” ...
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 ...
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When small and medium-sized businesses think of scaling up or expanding their businesses, it is undeniable that the challenges they encounter are quite different from large corporations. This was the topic of my recent talk during the celebration of the Cebu Business Month last May, organized by the Cebu Chamber of Commerce. It was a good opportunity for me to share some of my insights into the current state of medium-sized businesses in the country and my recommendations on essential steps and strategies that may help them scale up. ...
U.S. Federal Reserve officials say that monetary policy will need to stay restrictive for “some time” to bring inflation back down to the Fed’s 2 percent target, but their unity around that phrase masks an ongoing debate over another possible rate hike this year. “I remain willing to support raising the federal funds rate at a future meeting if the incoming data indicates that progress on inflation has stalled or is too slow to bring inflation to 2 percent in a timely way,” Fed Governor Michelle Bowman said Monday in prepared remarks ...
“Nag-aalala ka dahil nagmamahal ka (You worry because you care).” · This was the sentiment shared by Ms. Sharon Cuneta in her latest vlog for the Insular Life (InLife) Dreamweaver Series. “My life still had its ups and downs but generally I have been really fortunate. And while most of you will see me as an accomplished individual, believe it or not, I still have my own share of worries. I still worry about my kids, my husband, my family, which is just normal,” the mom of KC, Frankie, Miel, and Miguel said. ...
MANILA -Union Bank of the Philippines registered a weaker bottom line in the January-September period despite stronger revenues as expenses ballooned following the acquisition of Citi’s consumer business and rollout of its digital-only banking arm. On Tuesday, the Aboitiz-led bank announced its net income amounted to P8.1 billion in the first three quarters, lower by 19 percent than the P10.09 billion it booked in the same period last year. Net revenues climbed by 48 percent to P52.8 billion during the period as net interest income grew by 34 ...