One sector of the industry that has seen a reduction in the number of players is refining. Before deregulation, the country had three refiners (Petron, Shell, and Caltex). Caltex exited soon after deregulation, converting its refinery instead into an import facility. The oil refining industry is a capital intensive one, with a new ... continue reading
"Like the first three industrial revolutions, [the “Fourth Industrial Revolution” (IR4)] has the potential to raise global income levels and improve the quality of life for populations around the world. Predictably, those who have benefited most from it have been consumers who are able to afford and access the digital world. ... continue reading
"Hinay hinay pero kanunay": Dr. Bernardo M. Villegas on not rushing the fourth industrial revolution in the Philippines. “I have toned down the enthusiasm about the coming of the Industrial Revolution 4.0 (IR4) because the Philippines still has to complete the first three stages of the industrial revolution, ... continue reading
“The course exceeded all my expectations. It gave me a deeper understanding of data privacy laws. The most relevant parts are the case studies because it gave me the opportunity to apply what I learned and work with other participants. The course fee is very reasonable because the training is very comprehensive. My ... continue reading
"For [the Owner Driven Construction (ODC)] segment, the possession of a valuable asset like property provides both the security and the opportunity for these households to improve their plight given their limited purchasing power, as long as some form of direct assistance and support is given to them." ... continue reading
“What drives workers to go abroad is not absolute poverty or unemployment. The majority of the workers who go abroad have skills that are remunerated at levels three to ten times (even more in the case of seafarers) what they can earn here. In fact, the ones who become OFWs are not those ... continue reading
“Celebrating youth in the Philippines”, published on May 11, 2021 in his column “Business and Society” in the Manila Bulletin, CRC Director for Research Dr. Bernardo M. Villegas highlights the importance of the Philippines’ young and growing population in fueling the country’s economic recovery once the pandemic has hopefully been put under reasonable control. ... continue reading
“Parents now are lucky because technology is opening many opportunities to keep their children engaged. There are many educational apps which children can learn a lot from…” - Dr. Lexie Estacio “Technology in this time of crisis serves many other purposes apart from mere entertainment. However, this must ... continue reading
The challenge for social entrepreneurs in most third-world countries is two-fold. First, there is the question of how to help grow the local economy and protect the environment by raising a new generation of wealth creators at home, rather than just jobseekers abroad. And social entrepreneurship is the place where charity, sustainability, entrepreneurship, ... continue reading
“What should be given a high priority is the goal of giving equal access to affordable technical and vocational education.” “This is the biggest gap in our pool of human resources. It is paradoxical that, despite our having a young and growing population, certain technical ... continue reading
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