news
BOI reports 24% growth in 7-month investment pledges

Investment pledges registered by the Board of Investments (BOI) amounted to nearly P313 billion as of July, a 24-percent increase from the level in the same period last year.

[Read more in Inquirer]

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Clark Freeport takes in 54 new locators in first seven months

THE Clark Freeport Zone said it added 54 new locators in the first seven months of 2019, generating 5,295 new jobs.

Clark Development Corp. (CDC) Vice President for Business Enhancement and Business Development Group Evangeline G. Tejada said locators in the economic zone now total 1,092.

[Read more in Businessworld]

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Red tape regulator, DICT to lead gov’t digitization effort

THE Anti-Red Tape Authority (ARTA) is planning to sign a partnership with the Department of Information and Communications Technology (DICT) to digitize government transactions.

In a statement, the government’s bureaucracy regulator said it is due to sign a memorandum of agreement with the DICT in the first week of September. This agreement aims to formalize the coordination of the two agencies in improving government transactions through greater use of technology.

[Read more in Business World]

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Legal Process Outsourcing Market is predicted to grow significantly in the coming years, Europe to be major revenue contributor

Europe is one of the major continents actively partaking in the legal process outsourcing market, particularly in the onshore LPO services. The stringent data protection law implications by the EU is lowering the demand for offshore services consequently boosting the onshore LPO market share. The onshore model is also gaining a substantial significance on grounds of it enabling a shared regulatory framework and streamlined business processes. Recently, Herbert Smith Freehills, a renowned legal firm based out of London, U.K., expanded its alternative legal service portfolio by opening a new branch in South Africa which will deal with due-diligence related tasks for the clients.

[Read more in IT Research Brief] 

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BIR launches digital tax payments system

The Bureau of Internal Revenue (BIR) has launched a digital tax payments system allowing Filipinos to pay their taxes online using the electronic funds transfer service PESOnet, in line with the Duterte administration’s goal to cut red tape and improve the ease of doing business to better serve the public and attract more investors.

[Read more in Manila Bulletin]

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ASEAN youths value soft skills over hard skills for the future

With the emergence of new technologies such as blockchain, artificial intelligence, and the internet of things (IoT), Industry 4.0 ensures we are living in an era of deep and rapid changes to job markets worldwide.

Against this backdrop, it’s interesting to see that when asked which skills they believe will be most valuable in the future, ASEAN youths placed higher value on soft skills than hard skills.

[Read more in Human Resources Online]