As employees return to the office around the world and as consumers continue to be cautious of their expenditure, the market continues to witness weakening demand.
A forum conducted by the Department of Science and Technology’s Metals Industry Research and Development Center (DOST-MIRDC) has revealed that the local shipbuilding and ship repair (SBSR) industry’s weakness lies in design because of the lack of both software and hardware in training and educational institutions.
During the one-on-one business meetings at the Blair House in the United States on Tuesday, May 2, Department of Trade and Industry (DTI) secretary Fred Pascual discussed the priority sectors of the Philippines targeting US investments such as IT-BPM, healthcare, semiconductors, electric vehicles and electric batteries, renewable energy, and food and minerals processing.
Sen. Francis Tolentino is seeking the inclusion of a “cyber-attack” provision under the 1951 Mutual Defense Treaty with the United States, saying that the battlefield now also includes skirmishes in cyberspace as there have reports of so-called “state-sponsored” cyber-attacks.
In addition to the interactive and playful games on the ground, the pandaPatrol coaster will generally serve as a support hub for delivery partners where they can personally meet foodpanda representatives to raise any concerns on the spot.
DTI secretary Fred Pascual said the Philippines now has two fintech startups that have achieved “unicorn” status – a startup valued at over $1 billion – e-wallet firms Mynt (GCash) and Voyager Innovations (Maya).
IDC said consumers are prioritizing travel and entertainment over smartphone purchases and uncertainty still lingers, which is dampening consumer sentiment.
The Powertech Innovation and eXperience Lab (PIXL) is Meralco’s own virtual world rendering studio and metaverse that uses real world data to create simulations for training and education.
“Outdated” regulations in the ICT sector hamper the country’s digital readiness and efforts to drop internet cost, improve speed, and enhance service coverage, experts said in a recent webinar organized by the Philippine Institute for Development Studies (PIDS).
