AI bigger threat to BPO than TRAIN

November 04, 2018
The increasing use of artificial intelligence (AI) -- not new tax measures -- are the real threat to the country’s business process outsourcing (BPO) sector, Finance Secretary Carlos Dominguez III said.

Smart tops ph mobile video speeds on par with US

November 02, 2018
Independent mobile analytics company OpenSignal recently released its first per-operator study for Asian telecom carriers, breaking down and detailing mobile video performance per carrier in Singapore, Australia, Taiwan, Myanmar, Thailand, Malaysia, Indonesia, Cambodia and the Philippines.

Michelin-backed joint venture selects DHL’s end-to-end solution for shipment of synthetic rubber for tire production

November 01, 2018
JAKARTA, INDONESIA - PT Synthetic Rubber Indonesia (PT SRI), a joint venture between the Michelin Group and local partner Chandra Asri Petrochemical, has consolidated its plant-to-port supply chain under a single DHL solution for faster, more scalable shipment of increasing volumes of synthetic rubber -- a critical ingredient in modern tire production.

Auto industry sees 10% growth in 2019

November 01, 2018
The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) expects the local motor vehicle industry to recover in 2019 after the implementation of tax reforms at the start of this year, which reportedly caused a slump in vehicle sales.

‘Sin tax’ take up

October 31, 2018
Government's enhanced collection measures allowed for an increase in sin tax revenues within the first nine months of 2018, the Department of Finance (DOF) reported.

AnyMind Group raises Series B funding from LINE Corporation and Mirai Creation Fund

October 30, 2018
SINGAPORE – AnyMind Group, a technology solutions provider, has today announced an additional round of funding of US$13.4 million from LINE Corporation, a communication platform provider and developer of the LINE messenger app and Mirai Creation Fund, a limited partnership mainly backed by Toyota Motor Corporation and Sumitomo Mitsui Banking Corporation (SMBC), and operated by SPARX Group. Existing shareholders, including JAFCO Asia and Dream Incubator, also returned to co-invest in this round.

Grab expands into Tacloban City

October 26, 2018
“Our commitment to provide better transportation options to more Filipinos remains firm. As we become the everyday app, we continue our commitment to bring more consumers to their destinations faster, safer and more reliable,” Grab Philippines Country Head Brian Cu said in a statement.

MB seen to keep current BSP rates

October 26, 2018
An economist of ING Bank Manila discounted additional adjustments in the Bangko Sentral ng Pilipinas (BSP) key policy rates next month, noting that domestic inflation may have already peaked last September.

More oil exploration pushed

October 26, 2018
Top management of Shell Philippines Exploration B.V. (SPEX), operator and developer of the Malampaya deep water gas-to-power project, said more effort should be put in oil exploration activities to ensure steady energy supply for the country in the future.

TRAIN’s 2018 revenue target cut

October 25, 2018
Economic managers have reduced the revenue goal from the Tax Reform for Acceleration and Inclusion (TRAIN) law this year, mainly because of the delayed implementation of electronic invoicing (e-invoicing) and fuel marking.

Chinese Dairy Giant Yili Group Launches in Indonesia

October 25, 2018
JAKARTA, Indonesia -- In Jakarta, Indonesia, China's largest dairy enterprise, Yili Group, held a product launch event on October 23 and announced in high profile its entrance into the local market. Just like masses of other Chinese enterprises that aim at global markets, Yili Group fully anticipated to enter into Indonesia, not only because of its huge market potential, but also because of the critical position Indonesia plays in leading to the enormous South Pacific and Indian Ocean.