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Hybrid WFH arrangement for IT-BPM enterprises extended

The government said it would allow call center companies to implement a hybrid work-from-home (WFH) arrangement for much longer until further notice. The DOF said it deemed necessary to retain the 70% on-site and 30% WFH arrangement, pursuant to FIRB Resolution No. 017-22.

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Qatar Airways Group to Recruit Staff Across the Philippines

Qatar Airways Group is looking to onboard a significant number of new employees from the Philippines to support its global operations and enhance customer experience over the coming months.

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Markets see much-needed bounce, dollar closes on new highs

Most markets enjoyed a rare advance on bargain-buying Thursday, tracking a Wall Street rally after a series of losses, while dovish comments on future interest rate hikes by Australia's central bank boss provided a boost to sentiment.

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Smart says they are open to PNP, NBI probe

WIRELESS network provider Smart Communications, Inc. (Smart) on Thursday echoed the National Privacy Commission in saying that based on their internal investigations, the controversial scam messages or smishing are being sent by individual SIMs and do not come from aggregators or their clients. #In60words

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Peso hits new historic low, closes at P57.135 to US

The Philippine peso slipped further to the dollar on Wednesday, hitting a new record low for the fourth straight trading day. The peso closed at P57.135 to a dollar, after trading as low as P56.33, data from the Bankers Association of the Philippines showed. The peso is affected by the US dollar rally, Bankers Association of the Philippines Managing Director Benjamin Castillo said. #in60words...

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SEC approves ACEN's ASEAN green bonds program

The Securities and Exchange Commission (SEC) has approved ACEN Corp.s proposed ASEAN Green Bonds worth P30 billion. In its September 6 meeting, the SEC resolved to render effective the registration statement of ACEN covering up to P30 billion of ASEAN Green Bonds.

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Banks maintain positive growth outlook BSP survey

The banking industry leaders shared optimistic views regarding the country's economic prospects based on the results of the Banking Sector Outlook Survey by the Bangko Sentral ng Pilipinas. For the second semester of 2021, the banks' level of optimism about the country's economic prospects is also reflected in their overall outlook for the Philippine banking system....

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Lower oil prices temper inflation in August

Inflation accelerated at a softer pace in August on the back of decline global oil prices. The Philippine Statistics Authority reported Tuesday that the countrys inflation rate eased slightly to 6.3 percent in August 2022 from 6.4 percent in the previous month.

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Euro hits 20-year low against dollar

The euro sunk below 0.99 on Monday, a 20-year-low, following the announcement last week that Russia would cut off gas deliveries to Germany via the Nord Stream pipeline.

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Chinese giant acquires French game studio Quantic Dream

Chinese video game giant NetEase has acquired the independent studio Quantic Dream, developer of the upcoming adventure game Star Wars Eclipse, the French company said Wednesday.

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BSP hikes minimum capital requirement for rural banks

The Bangko Sentral ng Pilipinas has approved an increase in rural banks' minimum capital requirement to strengthen their defenses against risks. In a statement, the BSP said the Monetary Board approved the amendments to the minimum capitalization of rural banks which will enable them to enhance their risk management systems.

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Globe business reaffirms commitment to MSMEs

Globe Business reaffirms commitment to micro, small, and medium enterprises. 99% of businesses in the Philippines are MSMEs. They stimulate economic development and serve as valuable partners to major enterprises and consumers.

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Russia's Gazprom halts pipeline gas flow in new jitters for

Russian energy giant Gazprom suspended gas deliveries to Germany on a major pipeline on Wednesday, the latest in a series of supply halts that have fuelled an energy crisis in Europe.

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Musk subpoenas Twitter whistleblower in buyout battle

Elon Musk has formally subpoenaed a Twitter whistleblower to share information about spam accounts at the social network, as the billionaire fights in court to back out of a massive buyout deal. Musk has tried to pull out of the 44 billion agreement by saying Twitter misled him on the number of false accounts, or bots, prompting strong denials and a lawsuit from the social media firm....

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PLDT introduces finances app Tinbo

To better assist Overseas Filipino Workers and their love ones back home, PLDTs international unit PLDT Global Corporation (PLDT Global) announced the broad program launch, Tindahan ni Bossing or TINBO.

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