THE PESO may continue to move sideways against the dollar this week as the market awaits the release of June Philippine inflation data.The local unit closed at P58.61 per dollar on Friday, strengthening by 14 centavos from its P58.75 finish on Thursday, Bankers Association of

PHILIPPINE SHARES may extend their climb this week after the Bangko Sentral ng Pilipinas (BSP) chief signaled that they could kick off their rate cut cycle as early as next month.On Friday, the benchmark Philippine Stock Exchange index (PSEi) rallied for a fifth straight day,

THE Department of Budget and Management (DBM) has asked underspending government agencies to file plans to bring their fund usage up to target over the remainder of the year, alongside a broader call for mid-year budget utilization reports and updates on major programs.“All implementing agencies

Image via IndustriALL Global Union/Flickr/CC BY-NC-ND 2.0By Chloe Mari A. HufanaEXPORTERS said July is “not a good time” to raise wages, citing the industry’s fragile state due to shipping and supply chain disruptions as well as the unfavorable geopolitical conditions for trade.“As we’ve been mentioning,

BUREAU OF CUSTOMS FACEBOOK PAGEBy Adrian H. Halili, ReporterSUGAR inventories are considered sufficient until the beginning of the milling season later this year, producers said, rejecting the need to import.Confederation of Sugar Producers Associations, Inc. (CONFED) President Aurelio J. Valderrama, Jr. said that the current

REUTERSBy John Victor D. Ordoñez, ReporterISRAEL companies, particularly startups, view the Philippines as a viable gateway to Southeast Asian markets, according to the Israeli Ambassador and the head of Israel’s economic mission in Manila.“Asia is a growing market, and Israeli companies are becoming more and

BW FILE PHOTOTHE PHILIPPINES imported 2.28 million metric tons (MMT) of rice as of June 20, running ahead of the first half 2023 pace by 22.6%, according to the Bureau of Plant Industry (BPI).The Philippines imports about 20% of its rice requirement amid insufficient domestic

JASON GOODMAN-UNSPLASHBy Justine Irish D. Tabile, ReporterTHE information technology and business process management (IT-BPM) industry said it is seeking out better-prepared candidates to raise its “conversion rate” of new hires that become permanent employees.IT and Business Process Association of the Philippines President Jack Madrid said

IN BRIEF: • Although most companies that adopt GenAI follow a similar implementation approach and methodology, expending large amounts of time, money and effort, many implementations fail.• GenAI empowers corporate leaders to envision a new horizon for their organizations, leveraging this rapidly advancing technology well past

MARINA TUSHOVA — FIVBCAPITAL1 Solar Energy has brought in a young and talented Russian and four new veteran recruits to beef up its roster with hopes of contending in the Premier Volleyball League (PVL) Reinforced Conference unfurling July 16 after a rough debut a conference

GILAS PILIPINAS — FIBAGILAS PILIPINAS capped its pre-Olympic Qualifying Tournament (OQT) sortie in Europe without a win in two games but with plenty of lessons to bring to the actual battle.The Nationals took the fight to world No. 15 Poland in Saturday night’s friendly in

FILIPINA-JAPANESE Yuka Saso and French partner Celine Boutier lost steam after their second-round sizzler, submitting a two-over 72 that virtually booted them out of contention for the Dow Championship crown Saturday in Midland, Michigan.Reigning US Women’s Open titlist Mmess. Saso and Boutier, who tied the