Forget bitcoin — fintech is the ‘real Covid-19 story,’ JPMorgan says

Bitcoin is an “economic side show” and fintech innovation is the story that will dominate financial services, according to JPMorgan. Analysts at the bank said that despite bitcoin’s monster rally, the cryptocurrency is still beset by a number of issues that may prevent it from becoming a mainstream asset. In a research note, JPMorgan said, “Fintech innovation and increased demand …

Philippines lags in e-commerce usage in ASEAN

The Philippines ranked 96th out of 152 economies in the Business-to-Consumer E-Commerce Index 2020 released by the UN Conference on Trade and Development, lagging behind most of its neighbors in Southeast Asia in terms of readiness to support online shopping. Within Southeast Asia, the Philippines trailed behind Singapore which placed fourth, Malaysia (30th), Thailand (42nd), Vietnam (63rd) and Indonesia (83rd). …

How to save money on clothing, without sacrificing your style

Whether you’re a fashion maven or all about the basics, buying clothes shouldn’t be a budget buster. Erin Lowry, author of “Broke Millennial,” said, “If you love clothing and prioritize it in your budget and minimize spending in other areas to funnel money to the thing you care about, that is okay. It’s about making it balanced with other elements …

Huawei turns to pig farming as smartphone sales fall

Huawei is turning to technology for pig farmers as it deals with tough sanctions on its smartphones. The Chinese telecoms giant was stopped from accessing vital components after the Trump administration labelled it a threat to US national security. As a result, the world’s largest telecoms equipment maker was limited to making 4G models as it lacks US government permission …

DTI: Business registrations soar over 100K

Businesses registered with the Department of Trade and Industry for the year have so far reached over 100,000. Department of Trade and Industry Secretary Ramon Lopez said total business registrations for this year have already hit more than 108,000. Last year, a total of 916,163 businesses registered with the DTI, up from 637,567 in 2019. Online businesses registered with the …

Chromebooks overtake Macs in market share for first time

Google-powered Chromebook laptops have overtaken Apple’s Macs in popularity for the first time, analysts suggest. Consultancy IDC tracked the use of operating systems, such as Microsoft Windows or Apple’s MacOS. It found Chrome OS, used by the Google-powered laptops, took second place from MacOS for the first time. The system – widely used in cheap laptops handed out to school …

Economist sees slower rebound as vaccine rollout gets push back

The sluggish vaccine rollout in the country is unlikely to help the economy post a convincing recovery this year, while the spread of more contagious coronavirus variants are likely to continue pushing back easing of restrictions. While several analysts forecast this year’s growth between 5 to 7% mainly due to low base effects, Bernardo Villegas, economist at University of Asia …

Government fast-tracks P30 billion irrigation projects nationwide

The government will accelerate close to 30 billion pesos worth of big-ticket irrigation projects. The National Irrigation Administration said three major irrigation projects are being fasttracked. These include the 13-billion-peso Tarlac Balog-Balog multipurpose project, the 11-billion-peso Jalaur River multipurpose project in Iloilo, and the 4.4-billion-peso Chico River pump irrigation project in Kalinga. The Balog-Balog project is expected to provide year-round …

Millennials: Pumping the brakes on buying cars and gas

There’s no debate about it, times are changing. And with changing times comes changing demands for some of the products that used to be considered essential by older generations. Millennials, the age group born between 1981 to 1996, are pumping the brakes on buying cars and, with that, purchasing gas. Many millennials are even deciding not to get their driver’s …