The unrelenting march of technology

Technology is definitely not what it used to be. Twenty years ago, we could buy a laptop and everything would work pretty much the same for over a decade. For example, when you switch on an old Windows XP machine (which is, by the way, no longer supported by Microsoft) and any installed Word and Excel software will be there …

SEC to launch new company registration system

The Securities and Exchange Commission is migrating to a new company registration portal by April 19 to provide the public with a more secure, transparent, and efficient online facility for easy company registration. The electronic simplified processing of application for registration of company or eSPARC is the web-based system will accept new applications for registration of One Person Corporations, corporations …

First solar-powered tilapia, milkfish hatchery opens in Oriental Mindoro

A solar-powered tilapia and milkfish hatchery was launched in Oriental Mindoro, the first in the region, according to the Department of Science and Technology. Launched on March 3, DOST Secretary Fortunato de la Peña stated that the smart facility is composed of a hatchery, grow-out ponds and a 10-meter diameter circular pond. It is located in the agricultural town of …

Businesses see increase in cybersecurity breach attempts amid shift to remote work, report says

An increase in cyber threats such as phishing and business email breaches were experienced by organizations amid the shift in remote work, a report said. Work-from-home arrangements became the new norm after government’s imposed strict lockdowns to help prevent the spread of COVID-19. In a report by cybersecurity firm Fortinet, 60 percent of organizations saw an increase in attempts of …

NEDA: Promote transition to digital economy

Acting Socioeconomic Planning Secretary Karl Kendrick Chua underscored the unhampered transition to the digital economy, both for government and businesses, should be further promoted to limit physical interactions and enable continued operations and delivery of goods and services. Chua added with more a stringent quarantine, the country stands to benefit from lower number of cases and deaths from Covid-19. He …

Buying a home: How long will you live there? (Part Two)

If you’re thinking of buying a home, figure out how long you plan to live there. Jay Abolofia, a certified financial planner, said, it is always a good time to buy if you’re planning on staying in a place for a while. He noted, “The longer you’re going to stay, the more it makes sense to buy.” Once you’ve determined …

ARTA sees improvement in PH’s score in EODB report

Anti-Red Tape Authority director general Jeremiah Belgica expects higher scores for the country in the upcoming 2021 Ease of Doing Business report of the World Bank. Belgica said efforts to streamline through digitizing and fast-tracking government processes will drive the country’s score up. He said, “This year, we are highly confident that our reforms in four particular Doing Business Indicators …

Intensified testing, tracing to boost benefit of ECQ extension

A more intensified implementation of the prevent, detect, isolate, treat, and reintegrate strategy is key for the ECQ to be more effective in reducing Covid-19 cases, the National Economic and Development Authority said. Acting Socioeconomic Planning Secretary Karl Kendrick Chua said, “The latest data shows that we are at a critical juncture. Our collective actions today will spell the difference …

Remittances, improved external demand to buoy PH recovery

Growth of money being sent home by overseas Filipino workers and improvement of external demand are expected to boost the domestic economy’s recovery this year. However, Fitch Solutions Country Risks and Industry Research reduced its growth projection for the country this year from 7.6 percent to 5.8 percent on the expected hit from the enhanced community quarantine. Fitch Solutions said …