Business Confidence Rises to 43.3%  in Q4 2017

By Rose de la Cruz

Business confidence rose to 43.3 percent in the last quarter of 2017, from 37.9 percent in the preceding quarter because of expectations for increased consumer purchases due to the Christmas holidays and business expansions.

Business also generally observed a favorable macroeconomic condition in the country particularly the manageable inflation and low interest rates and expansion of export markets and stronger demand for Philippine-made products.

This quarter's confidence level is also higher compared to Its year-ago level. The confidence Index Is computed as the percentage of firms that answered in the affirmative less the…

Read more: Business Confidence Rises to 43.3% in Q4 2017

50 emerging technologies will drive global economy in near future

 

By Rose de la Cruz

 

A business consulting firm, Frost & Sullivan, projected that 50 emerging technologies will drive the global economy in the near future. These are classified under health & wellness, ICT, medical devices and imaging, energy, environment, advance manufacturing and automation, chemicals, micro-electronics and sensors and instrumentation.

 

Also, the “Hype Cycle for Emerging Technologies” reported that in the next 5 to 10 years, there will be three leading trends—artificial intelligence, immersive experiences, and digital platforms.

 

While technology offers promising opportunities, jobs are threatened in emerging and developing countries where access to technology is…

Read more: 50 emerging technologies will drive global economy in near future

Chem Expo ends positively for the Philippines

 

By Rose de la Cruz

The three-day Chem Expo, the first time it was held in the country, ended today with so much benefits for Filipino chemical manufacturers, whose markets have largely been confined locally but with potentials of expanding substantially provided they partner with global chemical players.

And with the big players attending the just-concluded Chem Expo 2017 at the World Trade Center, Filipino chemical manufacturers were able to get introduced to their global peers with possible tie-ups and partnerships that would dramatically impact on the Philippine chemical sector.

As Henry Lee, president of events organizer (IMS International or…

Read more: Chem Expo ends positively for the Philippines

Spreading growth outside metropolis will reduce traffic

 

By Rose de la Cruz 

The National Spatial Strategy, spelled out under the Philippine Development Plan 2017-2022, is designed to spread development outside the metropolis in order to reduce traffic, 

This was elaborated on by Undersecretary for Regional Development Adoracion Navarro of the National Economic and Development Authority during a speech before high school students and teachers attending the 14th National Youth Congress. 

 “The National Spatial Strategy is, among others, a traffic reduction strategy. By creating economic opportunities in areas outside the metropolis, we are able to reduce the traffic,” Navarro said. 

The PDP 2017- 2022 is the…

Read more: Spreading growth outside metropolis will reduce traffic

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