Prospects in cross-border e-commerce

The global cross-border e-commerce market was valued at $578.57 billion in 2019 and is expected to reach $2.248 billion by 2026, expanding at a CAGR (compounded annual growth rate) of 17.4 percent, based on the data from alltheresearch.com. An UNCTAD report supported these figures with a report that showed that the average share of internet … Read moreProspects in cross-border e-commerce

How HR is driving digital transformation in banking

The adoption of digital banking transactions among Filipinos continues to accelerate even when face-to-face dealings are already back. According to 2021 Financial Inclusion Survey (FIS) of the Bangko Sentral ng Pilipinas (BSP), 60% of those with mobile phones and internet access in 2021 performed financial transactions online, such as fund transfers and payments, jumping from … Read moreHow HR is driving digital transformation in banking

HCM excellence in the banking industry

First-Half earnings reports are out for banking industry players, and the top 10 banks have posted net income growth of 30- to 80-plus percent. More consumers and businesses are availing of loans, investing in securities, and transacting with banks. The industry is enjoying the fruits of accelerated digital transformation investments. The two-year pandemic-induced hiatus compelled … Read moreHCM excellence in the banking industry

Why the Philippines needs futures thinking

Now, the problem we are facing as a country is sugar. The Philippines has been teetering on a sugar shortage issue in the last few months following the sector’s missed production target due to weather disturbances and high input costs. There are talks to have the sugar industry liberalized to open it to importations. Not … Read moreWhy the Philippines needs futures thinking

Gig economy poised to take off

The Philippine Digital Workforce Competitiveness Bill is now a law! The Digital Workforce Competitiveness Act or Republic Act No. 11927 lapsed into law last July 30. This enables the establishment of the Inter-Agency Council for Development and Competitiveness of Philippine Digital Workforce that will lead the promotion, development, and enhancement of the competitiveness of Filipinos … Read moreGig economy poised to take off

The art and science of data storytelling

When I attend conferences involving scientific and technical topics, I still get lost at the immensity and busyness of many of the speakers’ presentations. What more if the audience is composed of laypeople? They will probably be drowned by the figures, graphs, and charts. This is where the art and science of data storytelling come … Read moreThe art and science of data storytelling

The future of marketing research

It was an opportune time to speak in front of marketing researchers during a Marketing and Opinion Research Society of the Philippines Inc. meeting as the profession is faced with shifts in consumer behavior, technology, data, and how companies and brands respond. What will marketing research look like in 2030? The field involves the systematic gathering, recording and … Read moreThe future of marketing research

Innovation in attracting foreign direct investments

After declining to a 10-month low in March, net foreign direct investments (FDIs) surged 48.3 percent to a four-month high of $989 billion in April, the Bangko Sentral ng Pilipinas recently reported. FDI commitments, meanwhile, totaled P8.98 billion in the first quarter, down 54.1 percent from a year earlier based on a May report by … Read moreInnovation in attracting foreign direct investments

Education 5.0

“We can’t solve problems by using the same kind of thinking we used when we created them.” – Albert Einstein   All eyes are on Vice President Sara Duterte-Carpio, who has been appointed Education secretary, as the country’s education system teeters amid what many call a crisis. The Philippines has, over the years, scored poorly in global quality … Read moreEducation 5.0