<?xml encoding="utf-8" ?????????>The International Monetary Fund (IMF) has issued a stark warning about the profound labour disruptions and inequality that generative AI may cause, urging governments to bolster economic protections to safeguard their economies.In a recent report, the IMF highlighted that advancements in AI technology
<?xml encoding="utf-8" ?????????>An earn out is a purchase price adjustment mechanism commonly used on the sale and purchase of a company where the buyer wishes to make a part of the purchase price contingent on the post-completion performance of the company during a period of
PHILIPPINE STAR/WALTER BOLLOZOSTHE Anti-Red Tape Authority (ARTA) said delays in digitizing the permit processes of National Government (NG) agencies and local government units (LGUs) are hindering the streamlining of applications for infrastructure flagship projects (IFPs).On the sidelines of the signing of the implementing rules and
THE National Privacy Commission (NPC) confirmed on Tuesday that it had received a data breach notification from Maxicare Healthcare Corp. In a statement, the regulator said that the NPC Data Breach Notification Management System received a notification from the health maintenance organization on June 16.The breach
SCREENGRAB FROM PHILIPPINE COAST GUARDTHE Chinese threat to detain fishing boat crews “intruding” on the territory it claims in the West Philippine Sea (WPS) is not expected to have a significant impact on fish production, according to the Bureau of Fisheries and Aquatic Resources (BFAR).“In
PHILSTAR FILE PHOTOTHE Department of Agriculture (DA) said it is aiming for a year-end national rice inventory level of 3.64 million metric tons (MMT), after a reading of just over 2 MMT in early May.“At the end of the year we are looking at 3.64
GROWTH in the retail prices of construction materials in the National Capital Region (NCR) eased in May, the Philippine Statistics Authority (PSA) reported.Citing preliminary data, the PSA said the May construction materials retail price index (CMRPI) rose 1%, easing from 1.2% in April and 2.6%
BUREAU OF IMMIGRATION PHILIPPINES FACEBOOK PAGETHE Philippine Ports Authority (PPA) said it may award the master plan contract for developing 10 ports next month.“Expected award of the contract is before the end of July 2024, after completion of the detailed evaluation of the technical proposal
EL NIDO, PALAWAN — EIBNER SALIBA-UNSPLASHTHE tourism industry accounted for 8.6% of gross domestic product (GDP) in 2023, up from 6.4% a year earlier, due to the post-pandemic reopening, the Philippine Statistics Agency (PSA) reported on Tuesday.Citing preliminary data, the PSA said the industry’s direct gross
BW FILE PHOTOPHILIPPINE SHARES ended lower on Tuesday amid expectations that the Bangko Sentral ng Pilipinas (BSP) would implement fewer rate cuts this year.The benchmark Philippine Stock Exchange index (PSEi) inched down by 0.23% or 14.9 points to end at 6,368.80 on Tuesday, while the
PHILSTAR FILE PHOTOTHE National Food Authority (NFA) said on Tuesday that it could realize major savings by no longer re-bagging procured palay (unmilled rice).“More or less half a billion pesos could be saved by the NFA just tweaking that particular process,” Acting Administrator Larry R.
BW FILE PHOTOTHE PESO inched up against the dollar on Tuesday and traded mostly sideways as the market consolidated after the long weekend.The local unit closed at P58.62 per dollar on Tuesday, rising by three centavos from its P58.65 finish on Friday, Bankers Association of