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CEBU CITY, Philippines — Cebu City’s economy has benefited significantly from the Business Process Outsourcing (BPO) industry. The City Council plans to honor the dedicated workers in this sector by declaring a special ‘BPO Day’. Councilor Pancrasio “Francis”…
The Contact Center Association of the Philippines (CCAP) said that generative Artificial Intelligence (AI) has generated positive impact not just to contact center companies but also to the entire Information Technology and Business Process Management (IT-BPM) industry.…
MANILA, Philippines — The local creative economy surged ahead in 2023, surpassing national output growth to reach a total value of P1.72 trillion. This sector not only generated more jobs but also made a significant contribution to…
CEBU CITY, Philippines – Cebu’s economy is expected to experience significant growth after a potential foreign business investor proposed a collaboration with the province. The South African Ambassador to the Philippines, H.E Bartinah Ntombizodwa Radebe-Netshitenzhe, revealed the…
SEOUL (Reuters) – South Korea has prepared a financial support programme of 75.9 trillion won ($56.97 billion) for companies increasing investment in key sectors as well as small businesses struggling with the impact of high interest rates.…
TOKYO (Reuters) -Japan unexpectedly slipped into a recession at the end of last year, losing its title as the world’s third-biggest economy to Germany and raising doubts about when the central bank would begin to exit its…
The increasing number of tech-savvy families in the middle and upper-income brackets is boosting the demand for leisure items in the Philippines, said BMI, a unit of the Fitch Group. This trend is expected to benefit the…
MANILA, Philippines —A top stockbrokerage in the country advises investors to keep cash amid US recession fears, despite the Philippines’ strong economic growth bouyed by easing interest rates and inflation. COL Financial Group chief equity strategist April…
MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to continue its tight monetary policy for an extended period, according to GlobalSource Partners. The think tank suggests that the economy has not yet fully absorbed…
MANILA—The Philippine economy grew 5.9 percent year-on-year in the third quarter, faster than the 4.3-percent expansion recorded in the second quarter and exceeding market expectations, the Philippine Statistics Authority reported Thursday, November 9, 2023. This brought to…
Manila, Philippines— The Philippines’ inflation rate slowed sharply in October, as harvests boosted the supply of rice and vegetables in the market and took the steam out of food costs. Consumer prices rose 4.9 percent on-year last month,…
NEW YORK—A few years after graduating from college, Sam Bankman-Fried grew worried he was not taking enough risks. So the son of two Stanford Law School professors quit his Wall Street job and in 2017 started a…
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