Safeguarding the future: Why AI scale-up demands a fearless internal audit
As organizations aggressively scale up artificial intelligence and advanced technologies, the necessity of internal audit has shifted from a routine compliance check to a critical strategic safeguard. A joint forum marking International Internal Audit Awareness Month—spearheaded by the Internal Audit Groups of PLDT Inc., Smart Communications, Inc., the MVP Group, and JG Summit Holdings—brought together industry leaders to address a pivotal corporate challenge: ensuring rapid technological systems work as intended without causing harm.
PCCI warns NCR wage hike May lift prices, cut jobs
The Philippine Chamber of Commerce and Industry (PCCI) warned that the newly approved minimum wage increase in Metro Manila could fuel inflation, squeeze exporters and eventually dampen employment as businesses grapple with rising labor costs.
Davao del Norte cacao returns to export market after decade
Davao del Norte has reclaimed its place in the global cacao trade, exporting premium fermented cacao beans for the first time in more than a decade in a breakthrough that could open new opportunities for Philippine farmers in high-value overseas markets.
Alliance Select names food industry veteran as GM
Alliance Select Foods International Inc. has appointed food industry executive Kirby J. Rasos as its new general manager, tapping a veteran business leader to oversee daily operations as the listed seafood processor pursues its next phase of growth.
BSP eyes digital currency to speed up bank transactions and lower costs
The Bangko Sentral ng Pilipinas (BSP) has completed a major assessment of its digital currency pilot, identifying large-value cross-border payments and financial securities settlements as the most promising uses for a wholesale central bank digital currency (wCBDC).
