A survey of more than a hundred companies in the Philippines showed that majority of employers planned to use well-being programs as an edge to compete for talent. Leading global advisory company Willis Towers Watson said in a recent statement that of the employers surveyed said they would use the program as a “differentiator” in…
The Philippine economy contracted by 9.5 percent in 2020, the country’s worst performance since World War II. Colliers believes that the successful rollout of the COVID-19 vaccine will play a crucial role in the country’s economic recovery. The government-projected economic recovery in 2021, albeit slow, will likely support the growth of the property sector. We…
Filipino business owners are more upbeat about their prospects over the next 12 months as the economy began to adapt to the new economic landscape of the coronavirus pandemic, according to the central bank. In a press briefing on Thursday, officials of the Bangko Sentral ng Pilipinas (BSP) said the outlook on the country’s economy…
The COVID-19 pandemic has ravaged most businesses across the globe, but the consequent lockdown measures have also served as a catalyst for online marketplaces to gain wider acceptance. Consumers who were cooped up in their homes—some of whom were mall rats during prepandemic times—had no choice but to turn to digital platforms for their…
Most business leaders in Southeast Asia expect their enterprises to return to prepandemic profitability levels by 2022 and most are in the thick of business and technology transformation program to sharpen their strategic focus. This was according to the 23rd edition of EY Global Confidence Barometer, a regular survey of senior executives from large companies…
Fund manager Manulife Asset Management Trust Corp. (MAMTC) has unveiled a new investment fund that allows investors to buy into the global health-care space and ride on breakthrough medical advances. Manulife Global Healthcare Equity Feeder Fund is an equity feeder unit investment trust fund (UITF) that investors with aggressive risk appetite may access for as…
MANILA, Philippines — The health maintenance organization (HMO) sector’s bottom line soared by 660.36 percent to P6.77 billion during the first nine months of 2020 as sales inched up amid the Covid-19 pandemic. The latest Insurance Commission (IC) data showed 24 HMO firms’ total net income as of end-September last year jumped from P890.2 billion…
The company said on Tuesday it took delivery of a brand-new on April 2 while seven more planes from manufacturers Airbus and ATR were set to arrive for the remainder of 2021. Cebu Pacific said the delivery was in line with its fleet expansion and the replacement of older planes that burn more fuel. Operated…
Manufacturing sustained year-on-year growth in March, before the most stringent lockdown measures were again imposed in Metro Manila and four neighboring provinces that host economic zones and factories to contain the surge in COVID-19 infections. London-based global information provider IHS Markit Ltd. on Monday said the Philippines’ purchasing managers’ index (PMI) slightly eased to 52.2…
The already considerable toll on the Philippine economy caused by the raging COVID-19 pandemic and the severe lockdowns imposed to contain the disease continues to rise, with more Filipinos forced out of work and businesses either closing down or mightily struggling to survive. Not all is bleak, however, as individuals and institutions have come together…