Metro Manila was tagged as having the fifth worst public transportation system worldwide in the 2022 Urban Mobility Readiness Index launched by the Oliver Wyman Forum and the University of California, Berkeley. This study examined 60 metropolises across the globe to assess their public transport system, including, among others, the reliability of public rail systems,...
Category: Business
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Christmas food and agricultural productivity
What do Filipino households spend most on during Christmas? You guessed it: food. The Philippines is also the country that proportionately spends the most on Christmas food, according to a 2023 worldwide survey of 23 countries by WorldRemit. The survey classified Christmas spending according to three categories: food, decorations and gifts. A Filipino household on...
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Why not electric jeepneys to modernize the ‘kings of the road’?
When eFrancisco Motor Corp. chair Elmer Francisco rattled off their ejeep’s accessories during a virtual launch on the night of Nov. 30, Bonifacio Day, some viewers gasped in awe. There’s nothing like it yet on the market. It’s got Wi-Fi, GPS system, CCTV, video and audio system, dashcam, AC. But that’s just the bling. The...
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Boracay feels economic pinch despite 1.8M tourist arrivals
BORACAY ISLAND—John Neil Gregorio, 22, had just completed a four-year computer science course when an uncle prodded him to take on the job of a service crew member in an Indian restaurant in Boracay last August. Despite the meager starting daily wage of P300, with free meals and board, he bit the bullet, seeing a...
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‘What could have been, what can be done’
If given a three-minute audience with President Ferdinand Marcos Jr., said former health secretary Jaime Galvez Tan, he will make a strong case for the development of the young population to make the Philippines at par with the fast-growing economies in Southeast Asia. This will be his recommendation to the President: Synergize education, health, agriculture,...
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Power grid operator NGCP billed consumers P2.6B worth of CSR, PR expenses
As the sole public utility in charge of power transmission lines, the National Grid Corporation of the Philippines (NGCP) is mandated to ensure the reliability of the country’s electricity supply. So when a government representative found that it had included corporate social responsibility (CSR) activities in its operating expenses, she sought an explanation. “Are CSR...
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The dimensions of inequality in the Philippines, by the numbers
Throughout Asia, the Philippines conspicuously stands out when it comes to social and economic inequalities. The latest World Bank calculations place the Philippines at the highest level of inequality in the region (see Table 1). In a grouping of 27 Asian countries monitored by the World Bank, the Philippines ranks No. 1 in inequality with...
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The PICC at 47: An enduring witness to history
For close to five decades, the Philippine International Convention Center (PICC) has been a witness to history, as well as to the personal stories of the generations of Filipinos, local and foreign dignitaries, and guests that have walked through its halls and venues. Listening to individuals that have witnessed the PICC’s evolution, one comes to...
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Estate tax may now be paid in installments and online
Instead of a one-time payment that many find difficult to comply with, heirs may now pay in installments the estate tax due the property they inherited from relatives. They may also stagger the payments over a two-year period. Heirs even have the option to settle the amount online with an accredited bank of the Bureau...
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Gov’t can ill afford Palace’s ‘populist’ policies on rice, says ex-finance official
The Marcos administration’s imposition of a price cap on rice and new prices for palay as well as its subsidy for rice retailers could be “costly” to the government, according to resigned finance undersecretary Cielo Magno. The government can ill afford the costs arising from the three policy packages because these are not part of...