Accelerating power sector reforms could slash electricity prices, create more than 161,000 jobs and lift about 730,000 Filipinos out of poverty by 2030, with the World Bank arguing that lower energy costs may be one of the country's biggest catalysts for faster and more inclusive economic growth.
Intellectual Property Office of the Philippines (IPOPHL) Director General Teodoro C. Pascua said artificial intelligence could become a powerful engine for transforming Filipino ideas into globally competitive products, provided innovation is matched with stronger protection of intellectual property rights.
Skyro is taking its digital lending business beyond the Philippines, securing regulatory approval to offer online moneylending in Malaysia as it targets consumers with limited access to traditional credit.
The Regional Comprehensive Economic Partnership or RCEP unlocks a huge regional market for Filipino products, but local makers and sellers must meet higher standards to succeed, business leaders said September 29 at the RCEP Business and Investment Summit.
Security Bank Corp. is reshuffling its senior leadership ahead of 2027, while president and chief executive officer Victor Lee takes interim control of retail banking following the planned departure of segment head Rahul Rasal.