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Feb 03 2021 Flexible, nimble millennials usher changes in work spaces
MILLENNIAL leadership is creating more flexible and productive workplaces, business leaders said, highlighting the changes in the organizations they help steer.
“Creativity is how (millennials) exhibit their productivity and results,” Cirtek Holdings Philippines Corp. Chief Financial Officer Brian Gregory T. Liu said at the BusinessWorld Insights event on Wednesday.
The workplace culture, Mr. Liu said, is changing,…
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Feb 03 2021 Digital gap between rich and poor PHL cities persists
NEARLY a million Filipinos in rural areas do not have access to digital connections, as most cell towers are located in wealthy cities, according to an analysis by Asian Development Bank (ADB) and Thinking Machines Data Science, Inc.
The report was authored by Stephanie Sy, chief executive officer of Thinking Machines; Bruno Carrasco, chief of governance…
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Feb 03 2021 CREATE now awaits Duterte’s signature
CONGRESS ratified on Wednesday the proposed Corporate Recovery and Tax Incentives for Enterprises (CREATE) law, which will cut corporate income tax (CIT), streamline fiscal incentives and ease coronavirus disease 2019 (COVID-19) vaccine importation.
The final version of CREATE will now be sent to Malacañang for President Rodrigo R. Duterte’s signature.
It will immediately slash CIT to 25%…
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Feb 03 2021 BSP sets reporting guidelines on reclassification of debt securities
THE CENTRAL BANK released guidelines on financial reporting for banks that availed of the relief measures last year on classifying debt securities.
Memorandum M-2021-011 signed by Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi G. Fonacier updated the guidelines for BSP-supervised financial institutions released April last year to allow the reclassification of investments in debt securities…
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Feb 02 2021 ‘Probe violators of debt moratorium order’
THE Vice Chairman of the Senate Committee on Banks, Financial Institutions and Currencies asked monetary authorities to investigate financial intermediaries defying the debt moratorium order issued by the Bangko Sentral ng Pilipinas (BSP).
Senator Sherwin T. Gatchalian reminded that the BSP, being the country’s regulator of the banking industry, is mandated to “ensure that banks and…
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Feb 02 2021 PH needs to boost economic recovery, bring in more foreign investors
Following the gradual opening of the economy in the Philippines across all industries and the availability of various coronavirus vaccines, the business sector and other stakeholders look forward to a better 2021.Highlighting the need to ramp up economic recovery and bring in more foreign investors, the 3 hours 2021 Virtual Economic Outlook spearheaded by the…
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Feb 02 2021 PH records rise in digital payments in 2020, indicates robust eCommerce
It is undeniable that the pandemic has compelled people to adopt a safer, faster, and contactless transaction to abate the spread of COVID19. This also led to the phenomenal growth of the eCommerce business in the country based on the report of the Department of Trade and Industry.Read related story:
As the economy is gradually opened…
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Feb 02 2021 RCBC bags another international award for digital innovation
The digital financial inclusion efforts of Rizal Commercial Banking Corporation’s (RCBC) did not go unnoticed since it launched its DiskarTech super app last July 2020, as they are recognized in the 2020 ASEAN Enterprise Innovation Awards.
The Singapore-based award-giving body, Asia IoT Business Platform (AIBP), cites organizations from Southeast Asia that have embarked on the digital transformation…
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Feb 01 2021 PH battle against coronavirus, economic revival continues
As the country’s economy plummeted in an unprecedented crisis that besieged the Philippines in more than two decades due to the pandemic, the government authorities were inevitably caught flatfooted on how they will address the crisis. The call to craft with relevant policies and sound responses and strategies to mitigate the impact of the COVID19…