The Philippines started Monday vaccinations against the coronavirus using Sinovac Biotech Ltd. doses donated by China, planning to further reopen the economy that suffered its worst slump last year once inoculations pick up. The director of state-run Philippine General Hospital, neurosurgeon Gerardo Legaspi, was first to be inoculated with the Sinovac vaccine, with more vaccinations expected in public hospitals in ...

Follow us on Spotify BusinessWorld B-Side The outsourcing industry was one of the few sectors that continued to operate throughout the entirety of the lockdown designed to contain the coronavirus disease 2019 (COVID-19).  Much of the industry moved their operations to work from home, creating new challenges when it comes to mental health. Professional isolation is the bane of telecommuters, while ...

President Rodrigo Duterte’s signing into law of a measure that seeks to create a trust fund for coconut farmers through the selling of assets procured through the coco levy fund would benefit the country’s 3.5 million coconut farmers from 68 coconut producing provinces owning not more than five hectares, for the last 10 years said Sen. Cynthia A. Villar. “The coconut ...

Now more than ever, young urban professionals are fully booked in their schedules. As they take extra effort in balancing work and life in this new normal, their day is often filled with work hours, whether at home or in the office. They also allot time, nonetheless, to pursue other passions, to do side gigs, to ensure wellness, as well ...

Food prices remained elevated in February. -- PHILIPPINE STAR/ MICHAEL VARCASBy Luz Wendy T. Noble, Reporter HEADLINE INFLATION is likely to have breached the central bank's target for a second straight month in February, as food and fuel prices remain elevated, according to economists. A BusinessWorld poll of 16 analysts last week yielded a median estimate of 4.8%, near the ...

By Marissa Mae M. Ramos, Researcher THE COUNTRY'S biggest banks lent less to households and firms in the fourth quarter of 2020, as profits fell and soured loans increased amid the coronavirus pandemic. The latest edition of BusinessWorld's quarterly banking report showed the aggregate loans of 46 universal and commercial banks (U/KBs) contracted by 3.96% year on year to P9.582 ...

Many government agencies are still at the infancy stage of moving processes to the internet. -- PHILIPPINE STAR/MICHAEL VARCASBy Jenina P. Ibanez, Reporter WHEN a coronavirus lockdown barred Tina Cuyugan, 60, from making the trip to a small town in the Bicol Region to pay property taxes, she reached out to the municipal office in December to find out how ...

A Philippine peso note is seen in this picture illustration, June 2, 2017. -- REUTERS/THOMAS WHITE/ILLUSTRATION GROSS BORROWINGS by the National Government (NG) more than doubled to P2.74 trillion last year on the huge loans obtained amid a coronavirus pandemic, the Bureau of the Treasury (BTr) reported. The latest cash operations report of the BTr showed NG's borrowings were 168.63% ...

By Angelica Y. Yang RENEWABLE energy firm Citicore Power, Inc. has allocated P4 billion in capital expenditures (capex) for solar and hydro projects, as the firm plans to list a power portfolio in the local bourse this year, the firm's top official said. "A total of 4 billion (pesos) for 2021. This is the capex plan...Around 2.5 (billion pesos) for ...

TALK BOX By Kap Maceda Aguila 1 of 3 A new logo, an upmarket move, and electrification are in the cards for Peugeot WHAT'S IN a logo? "Every one of us loves brands, and we immediately recognize a brand by its logo," said Peugeot Brand CEO Linda Jackson, during the global reveal of the French car maker's newest insignia. If ...

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