In February 2019 President Rodrigo Duterte ratified the Rice Tariffication Law, which was passed by the legislature in November 2018. The new law, which went into effect on March 5, lifts quantitative restrictions on rice imports and eliminates the role of the National Food Authority (NFA) regarding imports, thus allowing licensed private...
The country’s call for a third telecoms player stems from low competition and underinvestment in the industry, beginning with the more than 65-year monopoly held by PLDT. The stipulations required of the third provider are expected to see all players increase coverage rates, improve mobile internet speeds and offer more attractive packages....
Ranking consistently among the top global providers of business process outsourcing (BPO), the Philippines is working to widen and deepen its portfolio of thirdparty digital services. Foreign companies delegating operations to providers in the Philippines generate roughly one-10th of the country’s GDP, indicating the degree to which BPO is...
Global food demand is expected to increase by anywhere between 59% to 98% by 2050. However, global freshwater resources are already overstretched due to climate change and soaring population growth, and it is unclear how agricultural production will keep up with these challenges. In recent years climate-induced water shortages in urban areas...
The Philippines’ ICT industry is embarking on an exciting period as a number of reforms and initiatives take effect and Congress debates legislation for further market liberalisation. Weak competition and the archipelago’s sprawling geography means there is indeed much room for improvement: the business community has long noted the failure of...
As with other business process outsourcing (BPO) and business process management (BPM) centres around the world, the Philippines is gearing up to face the significant challenges and opportunities presented by recent advances in automation. The IT-BPO industry in the Philippines generated $24.7bn in revenue in 2018, with call centres accounting...
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