SYKES relaunches mobile app to bolster employee engagement

August 06, 2020
“Communication is a core component of the success of our operations and with thousands of employees to manage, we really need to leverage on the modern capabilities of technology to keep in touch with all of them.We made improvements to our previous app to keep it fresh and responsive to current needs and for a better overall experience that will keep SYKESers entertained and connected to their colleagues,” said Lia Lynn Marcos, Human Resources senior director, APAC.

Within-target inflation still possible

August 06, 2020
“The latest inflation outturn is consistent with the BSP’s prevailing assessment that inflation is expected to remain benign over the policy horizon due largely to the potential adverse impact of Covid-19 (coronavirus disease 2019) on the domestic and global economic prospects,” he said.

ARTA to approve pending telco, tower applications

August 06, 2020
“In the coming days, ARTA, DILG (Department of the Interior and Local Government) and DICT (Department of Information and Communications Technology) shall be meeting with the League of Provinces, Cities and Municipalities to further discuss with them the new JMC and the automatic approval of all pending applications for common towers with the different LGUs,” Belgica said.

Tax perks for firms keeping workers mulled

August 05, 2020
“We’re trying to consider for companies that they do not reduce workforce could be given an additional year of tax holiday or tax incentive as a way to incentivize them not to remove workers. This has been considered now,” Lopez said during the joint webinar of European business groups.

Pushing PH credit market, economic recovery

August 05, 2020
“It is crucial for the finance industry to be proactively identifying both risks and opportunities early on to mitigate credit losses and strengthen customer relationships during these trying times. CreditVision provides a more stable view of which consumers represent good credit risk, positioning it to drive strong consumer and business benefits as the country navigates challenging economic conditions. It also helps those who were previously under the radar be considered as the additional variables and attributes now in play help lenders understand shifts or patterns in the consumer’s behavior, which will enable lenders to offer the right products,” said TransUnion Philippines president and chief executive officer Pia Arellano. 

‘Worst over’ for economy – Diokno

July 31, 2020
To counter the effect of the pandemic, the central bank has implemented several measures that include the total of 175 basis points reduction in the BSP’s key rates; 200 basis points cut in universal and commercial banks  reserve requirements; implemented relief measures for banks to support lending to micro, small, and medium enterprises; and slashed reserve requirements of thrift banks, rural banks and cooperative banks  by 100 basis points.

BSP sees 2.2%-3% July inflation rate

July 31, 2020
“Going forward, the BSP will continue to monitor economic and financial developments to ensure that monetary policy settings remain consistent with the objective of price stability conducive to a balanced and sustained growth of the economy,” he added.

Cebu biz leaders bullish on recovery plan

July 30, 2020
In his SoNA, the Chief Executive said the government “will intensify its efforts to help businesses,” especially the MSMEs by providing responsive government aid, capitalization, and business operations support as they adapt to the next normal

GOCC pay hikes subject to Prez’ OK  -- CA

July 30, 2020
In a 24-page decision dated July 9, the CA's First Division through Associate Justice Ramon Cruz, ruled in favor of the APO Production Unit and voided the ruling dated Oct. 1, 2019 of the National Conciliation Mediation Board ordering the implementation of its renegotiated collective bargaining agreement with the Asian Productivity Employees Association for the years 2014 and 2015.