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Interview

Raoul R Angangco, Senior Partner, Villaraza & Angangco Law: Interview
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Interview:Raoul R Angangco Which legal reforms should be prioritised to stimulate growth after the Covid-19-induced recession? RAOUL R ANGANGCO: The Bayanihan to Recover as One Act (Bayanihan 2) and tax reforms such as the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill should be prioritised to stimulate growth after the recession, as they form part of the government’s…
Analysis

Analysing the Philippines' health and economic response to Covid-19

Posted OBG AdminPosted in Uncategorized

The Philippines reported its first Covid-19 case on January 30, 2020, and confirmed its first coronavirus-related fatality three days later. The country was officially placed under a state of calamity for a period of six months on March 17, mandating that national and local authorities mobilise the resources needed to respond to the health crisis. The state of calamity was extended for an additional…
Analysis

How the Philippines is using policy tools for economic recovery

Posted OBG AdminPosted in Uncategorized

The Philippine government launched a four-pillar socio-economic strategy to mitigate the impact of the pandemic and aid the national recovery effort. The framework aims to provide emergency support for vulnerable groups and individuals; expand medical resources to fight Covid-19 and ensure the safety of health workers; implement fiscal and monetary initiatives to keep the economy afloat; and…
Analysis

How Asia Pacific is navigating the effects of climate change

Posted OBG AdminPosted in Uncategorized

Recent years have seen the issue of climate change and its ecological and economic effects move more clearly into the spotlight. It is now widely accepted that the planet cannot sustain current high-carbon industrial and consumer behaviours. With better and more reliable scientific knowledge on the subject available, economic models used to forecast the financial impacts of a steadily destabilising…
Analysis

Philippine insurers seek to boost coverage and revenue

Posted OBG AdminPosted in Uncategorized

While the pandemic has placed extra strain on the Philippines’ health care system, increased awareness of health risks could lead to a spike in private insurance coverage. With around 415,000 recorded cases and 8000 virus-related deaths as of mid-November, 2020, the Philippines has been one of the hardest-hit countries in South-east Asia–despite the implementationof stringent…
Analysis

New offerings seen from Philippine banks amid Covid-19

Posted OBG AdminPosted in Uncategorized

The Philippines is experiencing a boom in digital banking as a result of the Covid-19 pandemic, with several digital-only banks announcing plans to enter the market and legacy banks rapidly upgrading their online offerings. East-West Banking Corporation, the country’s 11th-largest bank by assets, launched its own fully digital bank, Komo, in the third quarter of 2020. Furthermore, the state-owned…
Analysis

How will the energy mix look in the post-Covid-19 Philippines?

Posted OBG AdminPosted in Uncategorized

Travel restrictions and the suspension of industrial activities around the world due to the Covid-19 pandemic have led to an unprecedented drop in global emissions. According to data from the Helsinki-based Integrated Carbon Observation System (ICOS), by the first week of April 2020 daily carbon emissions had fallen by 17% against mean 2019 levels, with some countries experiencing a 26% fall…
Analysis

Supply chain disruptions in 2020 drive Filipino farmers to adapt

Posted OBG AdminPosted in Uncategorized

Although agricultural activities were permitted during the lockdown period in the Philippines, some farmers nevertheless saw their activities limited by various provincial restrictions. In Quezon province, for example, stricter measures were implemented in April 2020 that permitted residents in some areas to leave their homes only once per week – placing the harvest at risk of spoilage during…
Analysis

How are Philippine consumer goods producers adapting to supply disruption?

Posted OBG AdminPosted in Uncategorized

In response to lockdowns initiated to stem the spread of Covid-19, fast-moving consumer goods (FMCG) manufacturers in the Philippines adopted new business strategies to overcome supply chain disruptions and meet shifting consumer demands. Indeed, the pandemic led FMCG companies to reassess input sources and re-evaluate the balance between efficiency and resilience. It is expected that these…
Analysis

How concerned should Asia Pacific be about the overdevelopment of tourism hotspots?

Posted OBG AdminPosted in Uncategorized

Tourism in the Asia-Pacific region has seen impressive growth in recent years, aided by cheaper air fares, an expanding consumer class and increased exposure brought about by improved internet connectivity. Although these developments have led to significant economic benefits for countries across the region, they have also had some negative consequences, particularly for the environment. Around…