While e-commerce has become well established in more developed markets, the segment has been slower to take off in emerging economies. Online purchasing has been held down in these markets by financing, purchasing and logistics challenges. Nevertheless, online sales are growing rapidly in many developing countries in spite of these obstacles....
While macroeconomic expansion and the government’s infrastructure development agenda have strengthened the Philippines’ trade and investment profile, rapid development has outpaced the capacity of the energy sector to meet surging consumer demand. In response, long-term policies and international agreements have been implemented in an effort...
The Philippines’ electricity market has recently undergone major reform, as control of the Wholesale Electricity Spot Market (WESM) passed from the state to a new, independent body. The transition was formally undertaken in September 2018 with the creation of the Independent Electricity Market Operator of the Philippines (IEMOP) and fulfils an...
The Philippine insurance market appears ripe for consolidation, with some 86 life, non-life and composite insurance firms in operation at end-2018. In an effort to strengthen the sector, the Insurance Commission (IC) is incrementally raising the sector standards, adopting the latest financial reporting standards and increasing risk-based...
Although the world remains largely dependent upon fossil fuels for power generation, a gradual transition towards renewable sources has been taking place since the 1990s, underpinned by multilateral deals such as the Kyoto Protocol, the Doha Amendment and, more recently, the Paris Agreement. Investment and development in renewable technologies...
With territory dispersed across more than 7000 islands, the nationwide provision of affordable power has long posed a major challenge for the Philippines. To alleviate that burden, the government has envisioned the unification of its separate energy networks into a single, national grid, which will facilitate the sharing of electricity...
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