As seas rise, coastal communities face hard choices over ‘managed retreat’

LONDON — With climate change expected to drive a meter or more of sea level rise this century, planning now for “managed retreat” from places facing inundation could help at-risk communities preserve what they value most, researchers and city officials said Tuesday.  Whether families opt for floating homes or new ones inland, coming moves also present opportunities to address historical inequities and ensure that protecting…

Continue Reading

[B-SIDE Podcast] Sweet dreams, Philippines: how to deal with ‘coronasomnia’ and sleep better at night

Follow us on Spotify BusinessWorld B-Side The Philippines isn’t sleeping well. Because of the coronavirus pandemic, we’re spending hours in bed, doomscrolling on Twitter, reading endless news articles about virus mutations and vaccine delays.   The anxiety-inducing pandemic has done no favors to a country that has a robust business process outsourcing industry that operates in a different time zone. “We have a lot…

Continue Reading

BoP 2021 estimate raised on better economic landscape

The Philippine central bank raised its balance of payment (BoP) projection for this year on expectations of an improved economic landscape here and overseas. It now expects the payment position to post a $7.1 billion surplus by year-end, which is lower than the $16-billion surplus last year but higher than the $6.2-billion surplus projection made in March. “The better-than-expected global…

Continue Reading

Duterte to finish 29 flagship projects before term ends

The government expects to finish 29 flagship infrastructure projects worth P238.48 billion before President Rodrigo R. Duterte’s term ends in 2022. It has added 13 more projects for a total of 119 projects worth P4.73 trillion, presidential adviser for flagship infrastructure projects Vivencio B. Dizon told a televised news briefing on Friday. The National Economic and Development Authority (NEDA) has…

Continue Reading

US issues new guidance to ease COVID-19 assistance to countries hit by sanctions

WASHINGTON — The United States on Thursday issued guidance easing the way for delivery of products such as face masks, ventilators, and vaccines to combat the coronavirus pandemic to heavily sanctioned countries like Iran, Venezuela, and Syria.  The US Treasury Department issued general licenses related to those three countries aimed at allowing more coronavirus-related transactions and activities, according to a statement, but stopped short…

Continue Reading

Google launches Android Earthquake Alerts System 

GOOGLE launched a new, free smartphone feature known as the Android Earthquake Alerts System, available in the Philippines and globally.   The alerts system can detect seismic activity in the area using the built-in accelerometers in active Android smartphones. Device notifications can then provide early warning alerts for when an earthquake is detected.   “Launching the Android Earthquake Alerts System in the Philippines is part of our mission to bring helpful products and services to Filipinos,” said Bernadette Nacario, the Country Director of Google Philippines. “Our…

Continue Reading

Philippines tops Asian forecasts for lower GDP, faster inflation

Philippine inflation may remain above 4% this year, complicating government efforts to salvage the economy from the havoc wrought by the pandemic. Economists have raised their forecasts for Philippine consumer price inflation by the most in Asia since December, by 1.2 percentage points to 4.1%, according to the median estimate in a Bloomberg survey. They’ve also slashed the country’s economic…

Continue Reading

BusinessWorld Insights, KMC Solutions hold webinar on the future of work

Many companies have shifted from on-site to remote work operations since the start of the quarantine due to the COVID-19 pandemic. Now, with the vaccinations against the disease in process, questions arise on what would stay or change in work arrangements.  BusinessWorld Insights, in partnership with KMC Solutions, recently held a webinar with the theme “Should We Return to…

Continue Reading

Opposition coalition names nominees for president, VP

https://www.facebook.com/1SAMBAYANOfficial/ Opposition coalition 1Sambayan announced on Saturday its list of nominees for the two highest positions in the country, more than two months since the alliance of conservative, moderate, and progressive parties and individuals was launched. Vice President Maria Leonor G. Robredo, former senator Antonio F. Trillanes IV and human rights lawyer Jose Manuel I. Diokno, who have boldly criticized…

Continue Reading