Posted inBusiness, Spotlight

69% of PH companies got hit by ransomware attack in 2021

Recent years have seen the advent of increasing ransomware attacks against companies across the globe and institutions within the Philippines appear to be more affected than most in 2021. A survey by Sophos revealed that as much as 69 percent of Philippine-based firms suffered from ransomware—an increase of 27 percent from 2020—which is significantly higher […]

Posted inGovernment

Panay-Guimaras-Negros Island Bridges project a go as South Korea grants Php2.96 billion loan

The Department of Public Works and Highways (DPWH) announced a new loan agreement worth Php2.96 billion ($56.6 million) from South Korea. The lent money will be used to fund a megaproject that will connect three major areas in Western Visayas, namely Panay, Guimaras, and Negros Islands. Thus, the Panay-Guimaras-Negros (PGN) Island Bridges Project. In a […]

Posted inAutomotive, Government

DTI wants zero tariff on electric vehicles in the Philippines

The Department of Trade and Industry (DTI) is aiming for zero-tariff policy on imported electric vehicles (EV). Under its proposal, the DTI wants the elimination of the 30-percent tariff rate to encourage more consumers to use battery electric vehicles as their preferred mode of transportation over vehicles powered by fuel products. The Philippines is invested […]