In 1954, second-grader Takeshi Kumon brought home a math test that worried his mother, Teiko. To help her son, Teiko spoke to her husband Toru Kumon, a high school math teacher. Out of Toru’s love and desire to give his son a bright future, he created math problems for their son to answer as supplementary […]Read More

A worker wearing a face mask works on a production line manufacturing bicycle steel rim at a factory in Hangzhou, Zhejiang province, China March 2, 2020. China Daily via REUTERS The International Monetary Fund cut its growth forecast for the Asia-Pacific region due to a surge of the delta variant of Covid-19 and lagging vaccinations. […]Read More

THE INTERNATIONAL Monetary Fund (IMF) said macroeconomic policy support and reforms may help diminish the pandemic’s scarring effect on the Philippine economy. “Some economic scarring is likely at this point, given the depth and duration of the economic downturn,” Thomas Helbling, division chief of IMF’s Asia and Pacific Department, said in an e-mail. “Importantly, however, […]Read More

The country’s retirement income system is based on a small basic pension and an earnings-related Social Security System. — PHILIPPINE STAR/ MICHAEL VARCAS THE PHILIPPINE retirement income system is ranked the second lowest in Asia and near the bottom of a Global Pension Index covering 43 economies, after a slowdown in economic growth. The Mercer […]Read More

Global oil prices have spiked in recent weeks due to lack of supply and strong demand as more countries reopened. — PHILIPPINE STAR/ MICHAEL VARCAS THE DEPARTMENT of Energy (DoE) on Tuesday urged Congress to amend the oil deregulation law, saying the country is now facing a “prolonged oil price spike” due to high global […]Read More

A Filipino uses a mobile phone in Paranaque, Aug. 7, 2018. — REUTERS/ERIK DE CASTRO DIGITAL TRANSFORMATION is estimated to create up to P5 trillion in annual economic value for the Philippines, a report commissioned by Google Philippines showed. Fraser Thompson, AlphaBeta founder and managing director, said at a virtual briefing on Tuesday that P3.5 […]Read More

ALIMIT River — IPM FILE PHOTO By Angelica Y. Yang, Reporter SN Aboitiz Power (SNAP) said the global health emergency had pushed back the timeline of its planned Alimit hydropower complex in Ifugao province. “The project has been put on hold since ground engagements and activities are restricted due to the COVID-19 (coronavirus disease 2019) […]Read More

FACEBOOK.COM/OFFICIALACEN AYALA-LED AC Energy Corp. is moving to fully acquire ownership of renewable energy (RE) platform UPCAC Renewables Australia, after announcing that its management has cleared the decision to buy the remaining stake of its joint venture partners in the foreign company. In a press release on Tuesday, the listed power firm said its board […]Read More

BW FILE PHOTO PLDT, Inc. announced on Tuesday that it would build a data center for global technology organizations with immense network, power, and space requirements. “PLDT, together with ePLDT, is set to build the first and biggest data center in the country designed to service the massive power and IT requirements of global hyperscalers,” […]Read More

THE joint venture of Del Monte Philippines, Inc. (DMPI) and Vietnam Dairy Products JSC (Vinamilk) launched a new range of dairy products on Tuesday, marking their entry into the Philippine dairy market. In a virtual briefing on Tuesday, Del Monte-Vinamilk Commercial Head Eileen Asuncion introduced the new product selection under the joint venture, which consists […]Read More