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'description' => 'Because of its distance from the Philippine capital Manila, Ilocos Norte might not have been at the top of the list for investors, both local and international. With an international airport served by the country's two largest carriers, the province is determined to become "the ideal business destination" in the region. ',
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<p>At the forefront of this effort is <strong>INvest Ilocos Norte</strong>, the province’s investment promotions arm led by Gov. Michael Manotoc. In an interview with GMI POST, <strong>Provincial Investment Officer Rona Leigh Bueno</strong> outlined the four drivers behind Ilocos Norte’s economic growth plan.</p>
<p><strong>Tourism</strong></p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-9-PH-Ilocos-Norte-Wind-Farm.jpg" alt="" />
<figcaption class="image-caption">Ilocos Norte has become a favorite location for wind farms, which have also become tourist attractions.</figcaption>
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<p>With its Spanish Colonial-era architecture and pristine beaches, Ilocos Norte has been one of the top destinations among local tourists. The St. Agustine Church in the provincial capital Paoay is one of four Baroque Churches in the Philippines included in the UNESCO World Heritage List.</p>
<p>Pagudpud in the northern tip of Luzon, the largest and most populous island of the Philippines, boasts beaches with crystal clear waters and power-fine white sand.</p>
<p>"Our goal for the provincial tourism industry is to invite investors and an international chain to develop our hospitality industry even further,” said Bueno.</p>
<p><strong>Renewable energy </strong></p>
<p>Ilocos Norte is home to Southeast Asia's first wind farm. A tourist attraction in itself, the iconic Bangui Windmills currently supplies around 40% of the province’s electricity needs. Since the Bangui Wind Farm began operations in 2005, Ilocos Norte has overseen the opening of two more wind farms, one in Burgos and another in Pagudpud.</p>
<p>According to Bueno, Manotoc recognizes the immense growth potential of renewable energy in the province.</p>
<p>Only in June, Madrid-based BlueFloat Energy announced the acquisition of Wind Energy Service Contracts (WESCs) for four sites in the Philippines.</p>
<p>“Blue Float is a wind farm company that was the province’s first Green Lane certification awardee. Their pilot site will be an offshore one in Ilocos Norte,” she said.</p>
<p><strong>Digital transformation</strong></p>
<p>Ilocos Norte is proud of its recognition as one of the 25 digital cities in the Philippines by the IT and Business Processing Association of the Philippines, the Department of Information and Communications Technology (DICT), and Leechiu Property Consultants.</p>
<p>“We offer knowledge processing outsourcing (KPO), which are non-voice, backup offices that provide expert services like accounting, architecture, engineering, and healthcare. There's a big opportunity for KPOs here because we produce an average of 4,000 college graduates a year,” Bueno said.</p>
<p><strong>An ideal business environment</strong></p>
<p>With its strategic location, connectivity via its international airport, good quality of life, and tax incentives offered by the local government, Ilocos Norte provides the right conditions for businesses to thrive.</p>
<p>Also, the province has a sizeable, highly skilled workforce composed of a steady stream of college graduates who are ready to contribute to its economic success.</p>',
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'content' => '<p>On July 31, 2023, the Ministry of Environment, led by <strong>Han Wha-jin</strong>, and the Ministry of Food and Drug Safety, under the guidance of <strong>Yu-Kyoung Oh</strong>, jointly announced new comprehensive hygiene standards for the production, handling, and cleaning of reusable containers.</p>
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<figcaption class="image-caption">South Korean Minister of Environment Han Wha-jin (Ministry of Environment)</figcaption>
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<p>According to the Ministry of Environment, this collaborative effort reflects South Korea's commitment to promoting eco-friendly practices and ensuring the safety of its citizens.</p>
<p>Reusable containers have gained popularity as a sustainable alternative to single-use plastic products in South Korea. A report from Aju Korea Daily said that about 54 million reusable containers per month were used for food delivery in Seoul in 2021. However, the Ministry of Food and Drug Safety said concerns over cleanliness and hygiene deterred some people from adopting these environmentally friendly options.</p>
<p>The new guidelines contain directives on container specifications and approved cleaning agents to conform with existing laws, like the Promotion of Circular Economy and Society Act and the Food Sanitation Act.</p>
<p>They also provide instructions on the establishment of cleaning facilities, cleaning methods, and hygiene management protocols, which are intended for companies engaged in the rental of reusable containers, like coffee shops and restaurants.</p>
<p>Also, the guidelines recommend procedures for cleaning containers, criteria for their disposal, and expedited testing methods for microorganisms and residual detergents. Comprehensive guidance is also extended to consumers. Information regarding damage compensation and related matters is also provided.</p>
<p>The guidelines include a comprehensive list of preparatory tasks that local governments must consider when formulating, executing and managing projects involving multi-use facilities, like movie theaters, sports stadiums, and local festival venues.</p>
<p>The Ministry of Environment envisions that the establishment of these washing and hygiene standards, coupled with execution guidelines tailored to specific types of reusable containers, will guarantee the future hygiene and safety of such containers. Moreover, these guidelines are expected to foster optimal business models that enhance project efficiency.</p>
<p>The full guidelines can be obtained from the Ministry of Environment's website at <em><strong><a href="http://www.me.go.kr">www.me.go.kr</a></strong></em>.</p>',
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'id' => '545538',
'title' => 'How the Philippines is keeping the lights on',
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'description' => 'The Philippines faces a challenging energy future. The country has among the highest electricity prices in Southeast Asia. With the economy growing steadily, supply is not growing as fast as demand. At the forefront of balancing the interests of all the stakeholders in the electricity market is the Energy Regulatory Commission.',
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'url' => 'how-the-philippines-is-keeping-the-lights-on',
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'content' => '<p>The Philippines faces a challenging energy future. The country has among the highest electricity prices in Southeast Asia. With the economy growing steadily, supply is not growing as fast as demand. At the forefront of balancing the interests of all the stakeholders in the electricity market is the <strong>Energy Regulatory Commission</strong>.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-8-PH-Energy-Regulatory-Commission.jpg" alt="" />
<figcaption class="image-caption">Energy Regulatory Commission Division Chief and Planning Officer Don So Hiong (ERC)</figcaption>
</figure>
<p>The ERC was established in 2001 as an independent body mandated to supervise rates and services in the electric power industry, as well as ensure consumer education and protection and guarantee fair competition in the market.</p>
<p>To boost the supply of electricity in the country, the ERC has looked to renewable sources of energy, including solar and wind power.</p>
<p>“The green energy option is being implemented right now wherein big consumers can choose what type of electricity is being supplied to their operations. Another green energy option program we are implementing is the distributed energy resource. Microgrid technologies will bring green energy to areas not connected to the grid. They will have an independent and cheaper supply of electricity,” <strong>ERC Division Chief and Planning Officer Don So Hiong </strong>explained.</p>
<p>Amid all the prevailing challenges, the government agency remains focused on its primary task: to enforce a democratic and transparent regulatory environment, one that balances the interests of consumers and utility investors equally.</p>
<p>“ERC deals practically with the applications of energy industry participants. When they want to build a project, like the National Grid Corporation of the Philippines, which is the transmission concessionaire, they need to have it approved by ERC. Every cost that is passed to consumers or every project that affects electricity rates should be approved by the ERC,” So Hiong said.</p>',
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'id' => '545539',
'title' => 'Tacoma's recovery and evolution to green tech ',
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'description' => 'Hit hard by the COVID-19 pandemic, the city of Tacoma in Washington State has embarked on a recovery plan that took on board valuable lessons learned from a prolonged and costly lockdown and includes environmentally friendly measures. ',
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'content' => '<p>Hit hard by the COVID-19 pandemic, the city of Tacoma in Washington State has embarked on a recovery plan that took on board valuable lessons learned from a prolonged and costly lockdown and includes environmentally friendly measures.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-8-PACNOR-Tacoma-WA.jpg" alt="" />
<figcaption class="image-caption">Tacoma City Project Manager Debbie Bingham (City of Tacoma)</figcaption>
</figure>
<p>Asked about those lessons, <strong>Tacoma City Project Manager Debbie Bingham </strong>told GMI POST: “Our focus should be on entrepreneurs and small companies who make a huge base of our economy. The pandemic made us realize that we needed to pay more attention to that”.</p>
<p>Bingham attributed the city’s economic rebound to the resurgence of operations in the Port of Tacoma on Commencement Bay, one of the largest in the Pacific Northwest, as well as in its hospitals and the Joint Base Lewis–McChord military installation southwest of the city.</p>
<p>One of the major economic assets of the city, the Port of Tacoma accounts for 10% of total employment with nearly half of that (45%) being industrial jobs, according to official figures.</p>
<p>To increase direct investment and expand international trade, Bingham said Tacoma continues to strengthen its partnerships. According to Make It Tacoma, the investment promotion project of the City of Tacoma Community and Economic Development Department, the city’s largest trading market remains Asia, with Japan and China accounting for nearly $36 billion in goods alone.</p>
<p>“Trade has rebounded. Japan is still our No. 1 export partner and has been for a very long time. It is (also) our third-largest importer,” Bingham said.</p>
<p>With its positive momentum, growing population and strong government support, Tacoma looks forward to new industry partnerships with Japan, said Bingham, who singled out aerospace as the newest growth industry.</p>
<p>According to Bingham, Tacoma is also looking to build a green hydrogen plant and produce sustainable aviation fuel in line with its biofuel program and efforts by the United States and Japan to increase investments in green technology.</p>',
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'title' => 'The future of global education: UC College of Law and Stanford University weigh in',
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'description' => 'The education sector used to be a recession-proof industry. This claim is supported by empirical research. In a study published by Dianne A. Wright, Gianna Ramdin, and Maria D. Vasquez-Colina in 2013, they concluded that "(economic) recessions between 1979 and 2009 had very little restraining power on U.S. higher education enrollments."',
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'content' => '<p>The education sector used to be a recession-proof industry. This claim is supported by empirical research. In a study published by Dianne A. Wright, Gianna Ramdin, and Maria D. Vasquez-Colina in 2013, they concluded that “(economic) recessions between 1979 and 2009 had very little restraining power on U.S. higher education enrollments.”</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-7-PACNOR-Global-Education-1.jpg" alt="" />
<figcaption class="image-caption">US-Asia Technology Management Center Director Dr. Richard Dasher (Credit: US-ATMC)</figcaption>
</figure>
<p>However, as business models evolve more quickly to thrive in an increasingly competitive global economy, it appears that the education sector has adopted a similar mindset. Given that today’s students have easy access to the Internet and are free to travel almost anywhere in pursuit of work, universities need not worry too much about job placements for their graduates.</p>
<p>So, why do universities need to create a bigger international presence, build their brands, and push for industry collaboration? It’s all about the global value chain. Universities want to embed themselves in processes that give their students and other stakeholders more opportunities in the market. </p>
<p>For many physical, earth and life scientists who are researchers, they offer a skill that commands a premium in innovation-focused industries.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-7-PACNOR-Global-Education-2.jpg" alt="" />
<figcaption class="image-caption">UC Law San Francisco Chancellor and Dean David Faigman (Credit: UC Law SF)</figcaption>
</figure>
<p>In an interview with GMI POST, <strong>Stanford University’s US-Asia Technology Management Center Director Dr. Richard Dasher</strong> said, “We look at the kind of impact of new technology businesses on industry value chains. For example, when artificial intelligence starts to be used in cybersecurity, how's that going to affect all of business software?”</p>
<p>Meanwhile, in a separate interview, <strong>UC Law San Francisco Chancellor and Dean David Faigman</strong> said, “The future is not only international, but the future is interdisciplinary. And that interaction between the interdisciplinary and the international is something of a unique opportunity in San Francisco like perhaps almost no other place on Earth.”</p>
<p>To secure their long-term future, Stanford University, UC Law, and Oregon State University will need to strengthen their alliances with their partners, domestic and international, like Sofia University in Tokyo by breaking down barriers and opening more lines of communication.</p>',
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'title' => 'What makes an effective educator? A Filipino diplomat shares her insights',
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'description' => 'In a low-income country where education is valued for its life-changing potential, millions of Filipino families prioritize the schooling of their children. Getting into one of the country's reputable colleges and universities is a dream come true. ',
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'content' => '<p>In a low-income country where education is valued for its life-changing potential, millions of Filipino families prioritize the schooling of their children. Getting into one of the country’s reputable colleges and universities is a dream come true.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-7-PH-Miriam-College.jpg" alt="" />
<figcaption class="image-caption">Miriam College President Laura Quiambao-Del Rosario (Credit: Miriam College)</figcaption>
</figure>
<p>Among those leading schools is <strong>Miriam College</strong>, which traces its roots to the American colonial period. An initiative of then Archbishop of Manila Michael J. O’Doherty, the Maryknoll Sisters of St. Dominic based in upstate New York set up a teacher-training program for women in Manila in 1926. Nearly a century later, the college has grown to include one satellite campus outside the capital and boasts a long list of notable alumni.</p>
<p>GMI POST sat down with one of Miriam College’s most prominent graduates. A career diplomat with 37 years of experience, <strong>Laura Quiambao-Del Rosario</strong> took over the helm in 2020, bringing with her a firm belief that a global worldview, particularly from non-Filipino educators, benefits students.</p>
<p>“In 2015, I lectured in 20 universities all over the Philippines I think I lectured to 10,000 students. I asked them: How many of you have been taught by a foreign professor? None of them ever had a foreign professor,” Quiambao-Del Rosario recalled.</p>
<p>“I told them that I am what I am because of 13 foreign teachers. They were the American nuns of Maryknoll College. They gave me the American perspective of freedom, the right to express myself, critical thinking, and the value of democracy,” she added.</p>
<p>After two years as head of Miriam College, the retired ambassador believes that the most well-read people make the best educators.</p>
<p>“To be an effective teacher, you have to be exposed to all kinds of ideas and experiences. That comes only with reading. I noticed in my own experience that those who are well-read and can debate in any forum are those who teach better,” she said.</p>
<p>With two master’s degrees in literature and in educational administration, Quiambao-Del Rosario started her career as a teacher in literary studies and later as director of admissions in what was then Maryknoll College. As diplomat, she served as director general of the Foreign Service Institute (2009-2011) and was also assigned to the Philippine missions in Austria, Singapore, the United States, India and Vietnam.</p>',
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'title' => 'CCPI: The old guard of Philippine business',
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'description' => 'The Chamber of Commerce of the Philippine Islands has borne witness to the country's rich and colorful history. It has lived through the Philippine Revolution against Spain, the First and Second World Wars, the nation's transition from a commonwealth of the United States into an independent republic, and the country's descent into dictatorship and return to democratic rule.
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'content' => '<p><strong>The Chamber of Commerce of the Philippine Islands</strong> has borne witness to the country’s rich and colorful history. Founded in 1886 via royal decree, the CCPI’s origins are traced to King Alfonso XIII of Spain’s vision, through Queen Regent Maria Cristina, to establish a <em>camara de comercio </em>in every Spanish colony.</p>
<p>The CCPI lived through the Philippine Revolution against Spain, the First and Second World Wars, the nation’s transition from a commonwealth of the United States into an independent republic, and the country’s descent into dictatorship and return to democratic rule.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-5-PH-Chamber-of-Commerce-Jose-Yulo.jpg" alt="" />
<figcaption class="image-caption">Chamber of Commerce of the Philippine Islands President Jose Luis U. Yulo</figcaption>
</figure>
<p>“We are the only building in the country with a marker given by the National Historical Commission in three languages, Spanish, English and Filipino,” said <strong>Jose Luis U. Yulo</strong>, the CCPI’s 56th president.</p>
<p>Guided by the theme “History Builds the Future,” the Philippines’ oldest business organization continues to play a role in nation-building through its advocacy called “Economic Compass Pillars 5,” with the pillars being The Filipino & Education, Industries & Business, The Government, Infrastructure & Environment, and The Economy.</p>
<p>In the 21st century, CCPI has trained the focus of its advocacy toward the fulfillment of the 17 U.N. Sustainable Development Goals (SDGs): No poverty; zero hunger, good health and well-being; quality education; gender equality; clean water and sanitation; affordable and clean energy; decent work and economic growth; industry innovation and infrastructure; reduced inequalities; sustainable cities and communities; responsible consumption and production; climate action; life below water; life on land; peace, justice, and strong institutions; and partnerships for the goals.</p>
<p>As the Philippines loosened foreign ownership in Philippine companies with the amendment of the Foreign Investments Act last year, the CCPI has expressed guarded optimism.</p>
<p>“Our basic advocacy with foreign businesses is: You are welcome but within the constitutional limits of the Philippines. And we would like to have diversified multinational involvement so that we will not be dependent on monopoly control of only one country,” Yulo said.</p>
<p>“The Philippines is very much advocating for friendship, not only in terms of economic and business relations but also in cultural exchanges with countries that believe in private enterprise, freedom of speech, and other principles embodied in the Philippine constitution. Stronger relations lead to greater levels of trust between nations and can raise the quantity and quality of investments between countries,” he added.</p>',
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'title' => 'Samsung SRA: A decade of global asset management success',
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'description' => 'Looking after assets worth more than $12.2 billion, Samsung SRA is one of Korea's largest real estate asset managers and a leader in the global financial landscape. It offers a wide range of services, including advisory and corporate real estate management across various sectors and geographical locations, including the United States. ',
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'content' => '<p>Looking after assets worth more than $12.2 billion, <strong>Samsung SRA</strong> is one of Korea’s largest real estate asset managers and a leader in the global financial landscape. It offers a wide range of services, including advisory and corporate real estate management across various sectors and geographical locations, including the United States.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-5-SOKOR-Samsung-SRA-Chung-Kim.jpg" alt="" />
<figcaption class="image-caption">Samsung SRA CEO Chung Keun Kim</figcaption>
</figure>
<p>Committed to providing customer value and delivering profits for its partners, Samsung SRA has garnered the trust of its clients worldwide. Since its inception in 2012, the Seoul-based company has built a portfolio of 54 real estate assets in the United States.</p>
<p>Samsung SRA attributes its success to a research-driven decision-making process involving its clients. The collaborative approach has allowed the company to identify lucrative investment opportunities around the world, navigate market volatility, and deliver positive returns, particularly in South Korea.</p>
<p>“Our successful growth is driven by the trust we’ve earned from our clients, investors and the partners behind us,” <strong>Samsung SRA CEO Chung Keun Kim</strong> said.</p>
<p>By customizing solutions that meet each client's financial goals and risk tolerance, the company has nurtured deep trust and long partnerships. Its dedication to delivering success has yielded customer loyalty.</p>
<p>“When it comes to making decisions and running this fund, we collaborate with our partners. We have respect for them and they respect us also because of our reliable track in both asset acquisition and management,” Kim said.</p>
<p>Samsung SRA's growth over the past decade is a clear testament to its commitment to research, client-focused approach, and adaptability.</p>',
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'title' => 'From ODM to Neogen: Outin Futures connects with customers',
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'description' => 'South Korean cosmetics have captured a significant global market share over the past decade because of their innovative products and unique approach to skincare. According to the Korean Cosmetics Association, the value of South Korea's cosmetics market grew from $4.4 billion in 2011 to $15.7 billion in 2021. Its value is predicted to reach $21.54 billion by 2027. ',
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'content' => '<p>South Korean cosmetics have captured a significant global market share over the past decade because of their innovative products and unique approach to skincare. According to the Korean Cosmetics Association, the value of South Korea's cosmetics market grew from $4.4 billion in 2011 to $15.7 billion in 2021. Its value is predicted to reach $21.54 billion by 2027.</p>
<p>One standout success story within the industry is Outin Futures. Founded in 2000, the company began as a research and development partner and an original design manufacturer (ODM) for other beauty and wellness companies before launching its house brand, Neogen, in 2008.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-5-SOKOR-Neogen.jpg" alt="" />
<figcaption class="image-caption">Neogen has carved its niche in the global cosmetics market by developing innovative products.</figcaption>
</figure>
<p>This initial phase allowed <strong>Outin Futures</strong> to gain valuable insights into the cosmetics market, understand consumer preferences, and fine-tune its manufacturing processes.</p>
<p>“Outin Futures is targeting a wide range of export markets, including the United States, Japan, Russia and Indonesia, and conducts sales through various platforms. In 2023, the company is making efforts to solidify its brand vision and continuously expand its product portfolio in the global market,” <strong>Outin Futures Vice President and Chief Marketing Officer Janet Kim</strong> said.</p>
<p>In developing its Neogen brand, Outin Futures increased spending on research and combined the latest biotechnology with knowledge of natural ingredients to create products that pushed the boundaries of skincare innovation. The combination of traditional Korean skincare and the latest scientific innovation generated a faithful following across the globe.</p>
<p>Marketing has played a vital role in Neogen's growth. Recognizing the effectiveness of a good story, the company shares testimonials from customers and experiences from social media influencers. Going beyond selling its products, Neogen also wants to promote the brand's values, the science behind its formulations, and the transformational experiences of its customers. The marketing approach has created a deep emotional connection with its consumers and strong brand loyalty.</p>
<p>“Neogen has made significant progress in the U.S. market, with sales occurring through various channels, such as Home Shopping Network HSN, the giant chain COSTCO, Amazon US, as well as the K-beauty ambassador Soko Glam. As a cosmetics manufacturer, our goal is to expand exports based on excellent cosmetics development capabilities to achieve continuous global growth,” Kim said.</p>',
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'title' => 'A Portland startup aims to remove unconscious biases in hiring ',
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'description' => 'But what if managers and recruiters could completely eliminate these biases from the hiring process? That is precisely what Malik Kahel and Andrew Hallberg provide with their AI tool, HirelyAI. ',
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'url' => 'a-portland-startup-aims-to-remove-unconscious-biases-in-hiring',
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'content' => '<p>Nine out of 10 hiring managers admit to making final judgments and decisions about applicants within the first 15 minutes of the initial interview, the National Bureau of Economic Research (NBER) reports.</p>
<p>The statistic shows that biases, whether conscious or unconscious, are often established quickly, which potentially leads to unfair decisions. It also highlights the need to train hiring managers to be extra vigilant and ensure that their decisions are truly objective.</p>
<p>But what if managers and recruiters could completely eliminate these biases from the hiring process? That is precisely what <strong>Malik Kahel</strong> and <strong>Andrew Hallberg</strong> provide with their AI tool, <strong>HirelyAI</strong>.</p>
<p><img class="align-center" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-5-PACNOR-AI-for-Hiring.jpg" alt="" /></p>
<p>“HirelyAI is a company that makes AI for hiring. We do this by having HirelyAI use OpenAI's non-discriminatory language models to review the skills and qualities that matter to job seekers. This will allow hiring managers to get great qualified candidates without worrying about bias. HirelyAI aims to strengthen trust and commitment between both the job seekers and hiring managers,” the company said.</p>
<p>Founded in 2022, HirelyAI has over 1,000 beta users and is currently building cutting-edge AI tools for both job applicants and hiring managers, such as online chat interviews and candidate assessment tools that can be trained to quickly assess and choose the best candidates for jobs, saving companies and applicants time and money.</p>
<p>“Our aim is to strictly focus on the skill sets of job seekers and promote diversity among hiring managers and their companies. By using today's artificial intelligence and machine learning advancements we can make this possible,” said the company.</p>',
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'title' => 'Exploring the thriving Philippine startup ecosystem: Trends, funding and growth',
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'description' => 'The Philippine startup ecosystem is thriving, according to the Philippine Venture Capital Report 2023 released by Foxmont Capital Partners and Boston Consulting Group. Data from the report shows that the total funds raised by Philippine startups have grown from $40 million in 2010 to $1.1 billion in 2022. ',
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'url' => 'exploring-the-thriving-philippine-startup-ecosystem-trends-funding-and-growth',
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'content' => '<p>The Philippine startup ecosystem is thriving, according to the Philippine Venture Capital Report 2023 released by Foxmont Capital Partners and Boston Consulting Group. Data from the report shows that the total funds raised by Philippine startups have grown from $40 million in 2010 to $1.1 billion in 2022. This marks a growth of over 27 times in the past 12 years and the second straight year that the Philippines secured more than $1 billion in startup funding. <br /><br /></p>
<p><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-5-PH-Startups-3.jpg" alt="" /></p>
<p>“B2C, and even more specifically D2C businesses are doing quite well in the Philippines. This is because the Philippines’ GDP is consumer-driven, with over 70% of the GDP being domestic consumption. We expect that b2b/saas solutions will soon follow,” <strong>Foxmont Capital Partners Managing Partner Franco Varona</strong> said.<br /><br /><strong>How is the national government playing an active part?</strong></p>
<p>“The Department of Information and Communications Technology and the Department of Science and Technology now actively deploy from their Startup Grant Fund, which provides equity-free grants to extremely early-stage startups. The National Development Corporation, under the Department of Trade and Industry, now manages the Startup Venture Fund, which allows for direct investments into startups with the support of their accredited co-investors. The government now understands the importance of the digitization of the nation, and we are already seeing clear steps forward that will support our startups,” Varona also said.</p>
<p><strong>What challenges lie ahead for Philippine startups?</strong></p>
<p><strong> </strong>“We recently ran a survey with our portfolio companies, and most of the challenges are right at the beginning - starting with the speed, or lack thereof, in which one can register a business. However, as mentioned earlier, as support and interaction with the government increases, we expect this to be addressed sooner than later,” Varona said. Founded in 2018, Foxmont Capital targets early-stage startups with a focus on Filipino-founded businesses.</p>
<p>“We at Foxmont are thrilled to witness the Philippines’ continuous development and together, we hope to aspire towards ever-greater heights,” said the report.</p>
<p>With its recent Fund II close of $21.3 million, Foxmont is the first and largest independent Philippine VC firm. <br /><br />Know more about Foxmont and the Philippine startup ecosystem by downloading the full <em>Philippine Venture Capital Report 2023 </em>here: <a href="https://www.foxmontcapital.com/pvcr-2023-subscription" target="_blank" rel="noopener"><strong><em>https://www.foxmontcapital.com/pvcr-2023-subscription</em></strong></a>.</p>',
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'title' => 'Fostering success through diversity and inclusivity in the workplace',
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'description' => 'In today's corporate landscape, the value of diversity and inclusivity in the workplace cannot be overstated. According to a 2021 CNBC survey, 80 percent of respondents said they wanted to work for a company that valued diversity, equity and inclusion efforts.',
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'content' => '<p>In today's corporate landscape, the value of diversity and inclusivity in the workplace cannot be overstated. According to a 2021 CNBC survey, 80 percent of respondents said they wanted to work for a company that valued diversity, equity and inclusion efforts.</p>
<p>In striving for innovation, global reach, and employee satisfaction, many organizations recognize that long-term success will come if they nurture an environment that embraces diverse perspectives and welcomes the different experiences of their employees.</p>
<p>According to a 2021 report by business analyst and thought leader Josh Bersin, more inclusive companies were 1.7 times more likely to be innovation leaders in their market and 1.8 times more likely to be ready for change. Bersin concluded that more diversity equaled more innovation.</p>
<p>Inclusivity, on the other hand, ensures that every employee's voice is not only heard but valued. When individuals feel included, they are more likely to share their insights, participate actively, and collaborate freely. This sense of belonging ultimately enhances overall employee morale and engagement. But implementing and sustaining diversity and inclusivity requires the commitment of the entire organization and is not something that is nurtured overnight.</p>
<p>In an interview, <strong>JobStreet Philippines Country Manager Philip Gioca</strong> said, “Creating an inclusive workplace takes a whole organization, from leaders at the highest level to the junior team members to have a deeper understanding and commitment towards the brand values and culture and displaying authenticity and acceptance.”</p>
<p><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-4-PH-Workplace-Diversity.jpg" alt="" /></p>
<p>Apart from ethical issues, diversity and inclusivity initiatives also make good business sense. A diverse workforce builds a wider customer base and allows a more refined understanding of the needs and preferences of customers. This can lead to more targeted marketing strategies, product innovations, and ultimately, improved business performance.</p>
<p>A global study released by Deloitte Digital in 2022 said 57% of consumers were more loyal to brands that commit to diversity and addressing social inequities in their actions</p>
<p>Implementing diversity and inclusivity requires a multifaceted approach that considers a wide range of backgrounds when hiring, promoting open communication, providing diversity training, and establishing employee resource groups to foster connections.</p>',
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'description' => 'Tenstorrent CEO Jim Keller, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant's global market dominance.',
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'content' => '<p><strong>Tenstorrent CEO Jim Keller</strong>, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant’s global market dominance.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Tenstorrent.jpg" alt="" />
<figcaption class="image-caption">Tenstorrent CEO Jim Keller (Photo source: Tenstorrent)</figcaption>
</figure>
<p>Headquartered in Toronto, Tenstorrent has offices in Austin, Texas and Santa Clara, California, as well as in Belgrade, Tokyo, Bangalore, and Seoul. The company claims to be developing AI processors that perform as efficiently as Nvidia's AI GPUs but at a lower cost.</p>
<p>At present, Nvidia is the global market leader when it comes to AI chips. Its AI accelerators command between 70% and 95% of the global market share, according to CNBC.</p>
<p>Keller also said in the interview that Tenstorrent hopes to sell its second-generation multipurpose AI chip by the end of this year.</p>
<p>According to Keller, Tenstorrent can achieve its objective because it does not use high-bandwidth memory (HBM), a popular type of advanced memory chip capable of transferring large amounts of data quickly. HBM is a vital component for generative AI chips and has played a significant role in the success of Nvidia's offerings.</p>
<p>But Keller pointed out that HBM was also one of the culprits behind the massive energy consumption and high prices of AI chips.</p>
<p>"Even the people that use HBM struggle with the cost of it, [and] the design time to build it,” he said.</p>
<p>By doing away with HBM, Tenstorrent will design a chip that can replace both GPUs and HBMs in some areas of AI development, adding that its new product will be "as cost-effective as possible".</p>',
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'content' => '<p>Tokyo-based trading giant <strong>ITOCHU</strong> secured a contract to develop and test AI systems that will help run the transportation network and energy infrastructure of a future smart city project in southern Taiwan, according to a company press release.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-ITOCHU-Taiwan.jpg" alt="" />
<figcaption class="image-caption">ITOCHU plans to roll out AI-powered buses for Taiwan's new smart city project in Tainan. (Photo source: Nikkei Asia)</figcaption>
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<p>ITOCHU outbid other parties interested in the Integrated Development Project for Shalun Smart Green Energy Science City located in Tainan. The early-stage contract, according to Nikkei Asia, is worth around $332,000 (10.8 million New Taiwan dollars).</p>
<p>According to ITOCHU, the goal is to test its AI systems on a trial basis by the end of October. This is the first time the trading house has officially participated in an overseas smart city project.</p>
<p>The Taiwanese government also announced plans to earmark an additional $306.9 million (or 10 billion NTD) to develop the country’s artificial intelligence (AI) industry. In line with this goal, ITOCHU will collaborate with various Taiwanese partners, including IT company Accton Technology and National Cheng Kung University.</p>
<p>Home to the world's largest semiconductor maker, Taiwan Semiconductor Manufacturing Company (TSMC), Taiwan has a global market share of 61.7%. CNN estimates that TSMC produces 90% of the world's super-advanced semiconductor chips, which are used to power everything from smartphones to artificial intelligence applications.</p>',
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'content' => '<p>Belgium-based supplier of semiconductor solutions <strong>Melexis</strong> has opened its largest wafer testing site worldwide in Kuching in the Malaysian state of Sarawak to strengthen its presence in Asia-Pacific and meet the rising demand for semiconductors around the world, according to a company announcement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Melexis.jpg" alt="" />
<figcaption class="image-caption">Melexis' new 70 million-euro facility in Kuching is a nod to the local architectural design. (Photo source: Melexis)</figcaption>
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<p>Wafer testing is part of the manufacturing process wherein all individual integrated circuits are checked for functional defects through special test patterns.</p>
<p>According to Melexis, its expansion in Malaysia is a strategic move to streamline logistics and reduce its ecological footprint. Additionally, it selected Kuching because of its diverse, multilingual, entrepreneurial and highly skilled workforce.</p>
<p><strong>Melexis CEO Marc Biron </strong>said, “With an investment of 70 million euros, this opening underscores the ambition of Melexis and will ensure future growth. With Melexis, we are at the forefront of innovation, and this opening will support us in the markets that we serve.”</p>
<p>The new four-storey building, a collaboration of award-winning Belgian architect Sebastian Mortelmans and local architectural firm DNA, covers a ground surface of 4,500 sq. m., making it the company’s largest wafer testing site worldwide. The modern design evokes local longhouse architecture, incorporates advanced energy-saving systems, like a solar installation that can generate 30.000 kWh per month, and minimizes its environmental impact.</p>
<p>“Melexis has made the right choice to invest in Sarawak. With political stability, Sarawak is business-friendly and welcomes investments that can create mutual benefits. The Sarawak government has always been very supportive of investors both foreign and domestic. It is among the most preferred destinations for investment in Malaysia,” <strong>Sarawak’s Ministry of International Trade, Industry and Investment </strong>said in a statement<strong>.</strong></p>
<p>“Sarawak possesses many comparative advantages for businesses to grow and prosper such as strategic location, availability of green energy, talented workforce, and suitable land for industrial activities,” the statement also said.</p>',
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'content' => '<p>Japanese trading giant <strong>ITOCHU</strong> announced this month it had invested in <strong>ZeroAvia</strong>, a British-American maker of hydrogen-electric engines for aircraft, according to a company statement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-Itochu-ZeroAvia.jpg" alt="" />
<figcaption class="image-caption">An aircraft powered by ZeroAvia's hydrogen-electric engines (Photo source: ZeroAvia)</figcaption>
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<p>Founded in 2018, ZeroAvia describes itself as “a team of passionate innovators dedicated to bringing safe, zero-emission flight to aviation.” The company claims its hydrogen-electric propulsion systems are “the most environmentally friendly and economically attractive solution to aviation’s growing climate change impact.”</p>
<p>According to ZeroAvia, its hydrogen-electric engines cut more than 90% of harmful emissions, lower operating costs by more than 40%, improve air quality and reduce noise pollution in airport communities.</p>
<p>Under the deal, ITOCHU will serve as ZeroAvia's distributor in Asia, marking its first investment in a developer of hydrogen engines for aircraft and a further expansion into the aviation industry. ITOCHU is part of Japan Aerospace, which is involved in aircraft sales, and of JAMCO, which manufactures materials for aircraft interiors.</p>
<p>According to ITOCHU, this recent investment is part of the company’s long-term goal of helping save the planet by decarbonizing the aviation industry.</p>',
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'content' => '<p>For the third time in the last five years,<strong> Virginia</strong> was ranked America’s Top State for Business in 2024 by CNBC, which cited the state for having the best public schools in the country. It grabbed the top spot in 2007, 2009, 2011, 2019, and 2021.</p>
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<figcaption class="image-caption">Fairfax County Economic Development Authority President and CEO Victor Hoskins (Photo source: Fairfax County Economic Development Authority)</figcaption>
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<p>“Congratulations to Virginia on being named America’s Top State for Business in 2024 by CNBC, a record six times achieving that designation. I know that Virginia succeeds because of our shared belief that collaboration and innovation yield great results for our businesses and their employees,” said <strong>Fairfax County Economic Development Authority President and CEO Victor Hoskins</strong>.</p>
<p>Virginia ranks in the top half or better in each of the study’s 10 categories this year, “a rare feat,” noted CNBC. The state landed in the top 10 in four additional categories: infrastructure (3rd), business friendliness (5th), access to capital (8th) and workforce (9th).</p>
<p>For the first time, CNBC counted infrastructure (including the availability of shovel-ready sites) as the most important component for businesses when deciding on investment and cited the Virginia Business Ready Sites Program, as well as its world-class port, rail, roadway, and air transportation ecosystem as major contributors to the recognition.</p>
<p>CNBC’s annual ranking measures all 50 states on 128 different metrics in 10 key categories of competitiveness. North Carolina ranked second on the list, followed by Texas, Georgia and Florida.</p>
<p>Regarding Virginia’s economic relations with Japan, over $32.5 billion in capital investment has been made by Japanese companies in the last 5 years, according to the Virginia Economic Development Partnership, which also reports that Japanese companies employ more than 15,2000 people in the state.</p>',
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<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-FANUC.jpg" alt="" />
<figcaption class="image-caption">Michigan Gov. Gretchen Whitmer (center) with senior officers of FANUC America at its West Campus. (Photo source: FANUC America)</figcaption>
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<p>The new 650,000-square-foot facility was inaugurated on July 10 and is located in FANUC America’s West Campus in Auburn Hills, Michigan. The expansion increases the company’s footprint in Michigan to over 2 million square feet and is part of FANUC America’s plan to advance industrial automation in North America. The West Campus represents a $110 million investment built on 67 acres of land.</p>
<p>The facility, built on 270,000 square meters, has warehouse space to hold more than 6,000 robots and features automated systems for moving the robots in and out of the building, according to FANUC America.</p>
<p>"Our ongoing upward trajectory allows us to better support our customers with cutting-edge robotic and automation solutions, helping to drive more efficiency across all industries,” <strong>FANUC America CEO Michael Cicco </strong>said at the unveiling ceremony.</p>
<p>The Japanese company said it would have invested $250 million in North America since 2019 once this and other projects in its pipeline are completed. Currently, FANUC America has created over 400 jobs in Michigan.</p>',
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'description' => 'K Health, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.',
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'content' => '<p><strong>K Health</strong>, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-NYNJ-K-Health-Alan-Bloch.jpg" alt="" />
<figcaption class="image-caption">K Health founder and CEO Allon Bloch (Photo source: K Health)</figcaption>
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<p>K Health said in the same statement that it had been developing its own AI technology for more than seven years. Today, it can provide 24/7 virtual primary care solutions to millions of people in the United States.</p>
<p>The K Health platform includes clinical-grade medical chat and AI predictive models based on large datasets to help physicians optimize diagnosis and treatment and focus on patient care.</p>
<p>Instead of doctors taking patients through lengthy procedures and manually piecing together their medical history from electronic medical records, K Health allows healthcare providers to engage more quickly and closely with patients by giving them a complete medical chart with patient insights straight from the app.</p>
<p>According to K Health, this new model of care delivery achieves dramatically higher quality of care at lower costs compared to traditional primary care.</p>
<p>“K Health solves the need to make primary care visits highly personalized by giving doctors AI superpowers that enable them to practice at the top of their license. Our primary care platform offers a concierge medical experience with an assigned provider and 24/7 access to care,” explained<strong> K Health founder and CEO Allon Bloch.</strong></p>
<p>“When partnered with leading health systems, this model creates significant benefits to access, clinical outcomes, and patient experience. All you need to get care is your health insurance, a stark contrast to concierge medicine services that typically cost thousands of dollars,” Bloch added.</p>
<p>Meanwhile, <strong>Claure Group</strong> <strong>Founder and CEO Marcelo Claure </strong>said: As I invest in the AI landscape, I have found it incredibly difficult to discover companies making tangible, real-world progress with AI. K Health is the first company I've seen successfully using AI to impact millions of lives. They are addressing some of healthcare's greatest challenges by providing accessibility to faster, higher-quality, lower-cost care on a large scale."</p>',
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'description' => 'Ontario-based multinational Lee Li Holdings (LLH) CEO Lee Q. Shim told Cambodian Prime Minister Hun Manet in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.',
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'content' => '<p>Ontario-based multinational <strong>Lee Li Holdings (LLH)</strong> <strong>CEO Lee Q. Shim</strong> told <strong>Cambodian Prime Minister Hun Manet </strong>in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-CAMB-Li-Lee-Holdings.jpg" alt="" />
<figcaption class="image-caption">Cambodia Prime Minister Hun Manet (right) met with Lee Li Holdings President and CEO Lee Q. Shim (Ieft) in Phnom Penh this month. (Photo source: Office of the Prime Minister)</figcaption>
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<p>During the meeting, Manet pointed out that the <strong>Cambodia Chamber of Commerce</strong> had two representative offices in Canada (Toronto and Montreal) that promote bilateral trade and assist exporters and importers in their two countries.</p>
<p>“Shim’s visit will further contribute to the promotion of trade relations between Cambodia and Canada,” Manet said.<br /><br />The prime minister also encouraged Shim to pursue discussions with relevant ministries and agencies, such as the Ministry of Health, the Ministry of Mines and Energy, and Ministry of Commerce, adding that his government has supported the private sector by encouraging international investment in the country.</p>
<p>Canada is one of the largest investors in Cambodia and has brought in around $1.1 billion in foreign direct investment as of 2021, Cambodian socio-economic analyst Chey Tech told The Phnom Penh Post in an interview.</p>',
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'content' => '<p><strong>National University Hospital (NUH)</strong>, the main teaching hospital of the country’s top-ranking National University of Singapore, announced this month the opening of a center focused on providing trauma care to vulnerable groups, particularly children, older adults, and migrant workers.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-SG-NU-Hospital.jpg" alt="" />
<figcaption class="image-caption">Key representatives of NUH during the launch of the National University Centre for Trauma (Photo source: Singapore's National University Hospital)</figcaption>
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<p>According to the NUH, the center will use a code system to reduce the time between admission to the emergency department and the transfer to an operating theatre. Code Trauma involves the mobilization of all essential staff, including emergency physicians, nurses, surgeons, and anesthesiologists, to accelerate decision-making and response for patients with polytrauma or multiple injuries.</p>
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<p>Today, NUH has over 1,200 beds and serves more than 1 million patients a year with over 50 medical, surgical, and dental specialties. NUH is the only public and not-for-profit hospital in Singapore that provides care for adults, women and children under one roof, including the country’s only pediatric kidney and liver transplant program.</p>',
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'description' => 'Because of its distance from the Philippine capital Manila, Ilocos Norte might not have been at the top of the list for investors, both local and international. With an international airport served by the country's two largest carriers, the province is determined to become "the ideal business destination" in the region. ',
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'content' => '<p>Because of its distance from the Philippine capital Manila, Ilocos Norte might not have been at the top of the list for investors, both local and international. With an international airport served by the country’s two largest carriers, the province is determined to become “the ideal business destination” in the region.</p>
<p>At the forefront of this effort is <strong>INvest Ilocos Norte</strong>, the province’s investment promotions arm led by Gov. Michael Manotoc. In an interview with GMI POST, <strong>Provincial Investment Officer Rona Leigh Bueno</strong> outlined the four drivers behind Ilocos Norte’s economic growth plan.</p>
<p><strong>Tourism</strong></p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-9-PH-Ilocos-Norte-Wind-Farm.jpg" alt="" />
<figcaption class="image-caption">Ilocos Norte has become a favorite location for wind farms, which have also become tourist attractions.</figcaption>
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<p>With its Spanish Colonial-era architecture and pristine beaches, Ilocos Norte has been one of the top destinations among local tourists. The St. Agustine Church in the provincial capital Paoay is one of four Baroque Churches in the Philippines included in the UNESCO World Heritage List.</p>
<p>Pagudpud in the northern tip of Luzon, the largest and most populous island of the Philippines, boasts beaches with crystal clear waters and power-fine white sand.</p>
<p>"Our goal for the provincial tourism industry is to invite investors and an international chain to develop our hospitality industry even further,” said Bueno.</p>
<p><strong>Renewable energy </strong></p>
<p>Ilocos Norte is home to Southeast Asia's first wind farm. A tourist attraction in itself, the iconic Bangui Windmills currently supplies around 40% of the province’s electricity needs. Since the Bangui Wind Farm began operations in 2005, Ilocos Norte has overseen the opening of two more wind farms, one in Burgos and another in Pagudpud.</p>
<p>According to Bueno, Manotoc recognizes the immense growth potential of renewable energy in the province.</p>
<p>Only in June, Madrid-based BlueFloat Energy announced the acquisition of Wind Energy Service Contracts (WESCs) for four sites in the Philippines.</p>
<p>“Blue Float is a wind farm company that was the province’s first Green Lane certification awardee. Their pilot site will be an offshore one in Ilocos Norte,” she said.</p>
<p><strong>Digital transformation</strong></p>
<p>Ilocos Norte is proud of its recognition as one of the 25 digital cities in the Philippines by the IT and Business Processing Association of the Philippines, the Department of Information and Communications Technology (DICT), and Leechiu Property Consultants.</p>
<p>“We offer knowledge processing outsourcing (KPO), which are non-voice, backup offices that provide expert services like accounting, architecture, engineering, and healthcare. There's a big opportunity for KPOs here because we produce an average of 4,000 college graduates a year,” Bueno said.</p>
<p><strong>An ideal business environment</strong></p>
<p>With its strategic location, connectivity via its international airport, good quality of life, and tax incentives offered by the local government, Ilocos Norte provides the right conditions for businesses to thrive.</p>
<p>Also, the province has a sizeable, highly skilled workforce composed of a steady stream of college graduates who are ready to contribute to its economic success.</p>',
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'id' => '545542',
'title' => 'Finding true north in growth: A Philippine province shows the way',
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'description' => 'Because of its distance from the Philippine capital Manila, Ilocos Norte might not have been at the top of the list for investors, both local and international. With an international airport served by the country's two largest carriers, the province is determined to become "the ideal business destination" in the region. ',
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'content' => '<p>Because of its distance from the Philippine capital Manila, Ilocos Norte might not have been at the top of the list for investors, both local and international. With an international airport served by the country’s two largest carriers, the province is determined to become “the ideal business destination” in the region.</p>
<p>At the forefront of this effort is <strong>INvest Ilocos Norte</strong>, the province’s investment promotions arm led by Gov. Michael Manotoc. In an interview with GMI POST, <strong>Provincial Investment Officer Rona Leigh Bueno</strong> outlined the four drivers behind Ilocos Norte’s economic growth plan.</p>
<p><strong>Tourism</strong></p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-9-PH-Ilocos-Norte-Wind-Farm.jpg" alt="" />
<figcaption class="image-caption">Ilocos Norte has become a favorite location for wind farms, which have also become tourist attractions.</figcaption>
</figure>
<p>With its Spanish Colonial-era architecture and pristine beaches, Ilocos Norte has been one of the top destinations among local tourists. The St. Agustine Church in the provincial capital Paoay is one of four Baroque Churches in the Philippines included in the UNESCO World Heritage List.</p>
<p>Pagudpud in the northern tip of Luzon, the largest and most populous island of the Philippines, boasts beaches with crystal clear waters and power-fine white sand.</p>
<p>"Our goal for the provincial tourism industry is to invite investors and an international chain to develop our hospitality industry even further,” said Bueno.</p>
<p><strong>Renewable energy </strong></p>
<p>Ilocos Norte is home to Southeast Asia's first wind farm. A tourist attraction in itself, the iconic Bangui Windmills currently supplies around 40% of the province’s electricity needs. Since the Bangui Wind Farm began operations in 2005, Ilocos Norte has overseen the opening of two more wind farms, one in Burgos and another in Pagudpud.</p>
<p>According to Bueno, Manotoc recognizes the immense growth potential of renewable energy in the province.</p>
<p>Only in June, Madrid-based BlueFloat Energy announced the acquisition of Wind Energy Service Contracts (WESCs) for four sites in the Philippines.</p>
<p>“Blue Float is a wind farm company that was the province’s first Green Lane certification awardee. Their pilot site will be an offshore one in Ilocos Norte,” she said.</p>
<p><strong>Digital transformation</strong></p>
<p>Ilocos Norte is proud of its recognition as one of the 25 digital cities in the Philippines by the IT and Business Processing Association of the Philippines, the Department of Information and Communications Technology (DICT), and Leechiu Property Consultants.</p>
<p>“We offer knowledge processing outsourcing (KPO), which are non-voice, backup offices that provide expert services like accounting, architecture, engineering, and healthcare. There's a big opportunity for KPOs here because we produce an average of 4,000 college graduates a year,” Bueno said.</p>
<p><strong>An ideal business environment</strong></p>
<p>With its strategic location, connectivity via its international airport, good quality of life, and tax incentives offered by the local government, Ilocos Norte provides the right conditions for businesses to thrive.</p>
<p>Also, the province has a sizeable, highly skilled workforce composed of a steady stream of college graduates who are ready to contribute to its economic success.</p>',
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'title' => 'South Korea sets new guidelines for reusable containers',
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'description' => 'In line with South Korea's commitment to promoting eco-friendly practices and ensuring the safety of its citizens, the government announced new comprehensive hygiene standards for the production, handling, and cleaning of reusable containers.
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'content' => '<p>On July 31, 2023, the Ministry of Environment, led by <strong>Han Wha-jin</strong>, and the Ministry of Food and Drug Safety, under the guidance of <strong>Yu-Kyoung Oh</strong>, jointly announced new comprehensive hygiene standards for the production, handling, and cleaning of reusable containers.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-8-SOKOR-Reusable-Containers.jpg" alt="" />
<figcaption class="image-caption">South Korean Minister of Environment Han Wha-jin (Ministry of Environment)</figcaption>
</figure>
<p>According to the Ministry of Environment, this collaborative effort reflects South Korea's commitment to promoting eco-friendly practices and ensuring the safety of its citizens.</p>
<p>Reusable containers have gained popularity as a sustainable alternative to single-use plastic products in South Korea. A report from Aju Korea Daily said that about 54 million reusable containers per month were used for food delivery in Seoul in 2021. However, the Ministry of Food and Drug Safety said concerns over cleanliness and hygiene deterred some people from adopting these environmentally friendly options.</p>
<p>The new guidelines contain directives on container specifications and approved cleaning agents to conform with existing laws, like the Promotion of Circular Economy and Society Act and the Food Sanitation Act.</p>
<p>They also provide instructions on the establishment of cleaning facilities, cleaning methods, and hygiene management protocols, which are intended for companies engaged in the rental of reusable containers, like coffee shops and restaurants.</p>
<p>Also, the guidelines recommend procedures for cleaning containers, criteria for their disposal, and expedited testing methods for microorganisms and residual detergents. Comprehensive guidance is also extended to consumers. Information regarding damage compensation and related matters is also provided.</p>
<p>The guidelines include a comprehensive list of preparatory tasks that local governments must consider when formulating, executing and managing projects involving multi-use facilities, like movie theaters, sports stadiums, and local festival venues.</p>
<p>The Ministry of Environment envisions that the establishment of these washing and hygiene standards, coupled with execution guidelines tailored to specific types of reusable containers, will guarantee the future hygiene and safety of such containers. Moreover, these guidelines are expected to foster optimal business models that enhance project efficiency.</p>
<p>The full guidelines can be obtained from the Ministry of Environment's website at <em><strong><a href="http://www.me.go.kr">www.me.go.kr</a></strong></em>.</p>',
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'description' => 'The Philippines faces a challenging energy future. The country has among the highest electricity prices in Southeast Asia. With the economy growing steadily, supply is not growing as fast as demand. At the forefront of balancing the interests of all the stakeholders in the electricity market is the Energy Regulatory Commission.',
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'url' => 'how-the-philippines-is-keeping-the-lights-on',
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'content' => '<p>The Philippines faces a challenging energy future. The country has among the highest electricity prices in Southeast Asia. With the economy growing steadily, supply is not growing as fast as demand. At the forefront of balancing the interests of all the stakeholders in the electricity market is the <strong>Energy Regulatory Commission</strong>.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-8-PH-Energy-Regulatory-Commission.jpg" alt="" />
<figcaption class="image-caption">Energy Regulatory Commission Division Chief and Planning Officer Don So Hiong (ERC)</figcaption>
</figure>
<p>The ERC was established in 2001 as an independent body mandated to supervise rates and services in the electric power industry, as well as ensure consumer education and protection and guarantee fair competition in the market.</p>
<p>To boost the supply of electricity in the country, the ERC has looked to renewable sources of energy, including solar and wind power.</p>
<p>“The green energy option is being implemented right now wherein big consumers can choose what type of electricity is being supplied to their operations. Another green energy option program we are implementing is the distributed energy resource. Microgrid technologies will bring green energy to areas not connected to the grid. They will have an independent and cheaper supply of electricity,” <strong>ERC Division Chief and Planning Officer Don So Hiong </strong>explained.</p>
<p>Amid all the prevailing challenges, the government agency remains focused on its primary task: to enforce a democratic and transparent regulatory environment, one that balances the interests of consumers and utility investors equally.</p>
<p>“ERC deals practically with the applications of energy industry participants. When they want to build a project, like the National Grid Corporation of the Philippines, which is the transmission concessionaire, they need to have it approved by ERC. Every cost that is passed to consumers or every project that affects electricity rates should be approved by the ERC,” So Hiong said.</p>',
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'title' => 'Tacoma's recovery and evolution to green tech ',
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'description' => 'Hit hard by the COVID-19 pandemic, the city of Tacoma in Washington State has embarked on a recovery plan that took on board valuable lessons learned from a prolonged and costly lockdown and includes environmentally friendly measures. ',
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'content' => '<p>Hit hard by the COVID-19 pandemic, the city of Tacoma in Washington State has embarked on a recovery plan that took on board valuable lessons learned from a prolonged and costly lockdown and includes environmentally friendly measures.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-8-PACNOR-Tacoma-WA.jpg" alt="" />
<figcaption class="image-caption">Tacoma City Project Manager Debbie Bingham (City of Tacoma)</figcaption>
</figure>
<p>Asked about those lessons, <strong>Tacoma City Project Manager Debbie Bingham </strong>told GMI POST: “Our focus should be on entrepreneurs and small companies who make a huge base of our economy. The pandemic made us realize that we needed to pay more attention to that”.</p>
<p>Bingham attributed the city’s economic rebound to the resurgence of operations in the Port of Tacoma on Commencement Bay, one of the largest in the Pacific Northwest, as well as in its hospitals and the Joint Base Lewis–McChord military installation southwest of the city.</p>
<p>One of the major economic assets of the city, the Port of Tacoma accounts for 10% of total employment with nearly half of that (45%) being industrial jobs, according to official figures.</p>
<p>To increase direct investment and expand international trade, Bingham said Tacoma continues to strengthen its partnerships. According to Make It Tacoma, the investment promotion project of the City of Tacoma Community and Economic Development Department, the city’s largest trading market remains Asia, with Japan and China accounting for nearly $36 billion in goods alone.</p>
<p>“Trade has rebounded. Japan is still our No. 1 export partner and has been for a very long time. It is (also) our third-largest importer,” Bingham said.</p>
<p>With its positive momentum, growing population and strong government support, Tacoma looks forward to new industry partnerships with Japan, said Bingham, who singled out aerospace as the newest growth industry.</p>
<p>According to Bingham, Tacoma is also looking to build a green hydrogen plant and produce sustainable aviation fuel in line with its biofuel program and efforts by the United States and Japan to increase investments in green technology.</p>',
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'description' => 'The education sector used to be a recession-proof industry. This claim is supported by empirical research. In a study published by Dianne A. Wright, Gianna Ramdin, and Maria D. Vasquez-Colina in 2013, they concluded that "(economic) recessions between 1979 and 2009 had very little restraining power on U.S. higher education enrollments."',
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'content' => '<p>The education sector used to be a recession-proof industry. This claim is supported by empirical research. In a study published by Dianne A. Wright, Gianna Ramdin, and Maria D. Vasquez-Colina in 2013, they concluded that “(economic) recessions between 1979 and 2009 had very little restraining power on U.S. higher education enrollments.”</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-7-PACNOR-Global-Education-1.jpg" alt="" />
<figcaption class="image-caption">US-Asia Technology Management Center Director Dr. Richard Dasher (Credit: US-ATMC)</figcaption>
</figure>
<p>However, as business models evolve more quickly to thrive in an increasingly competitive global economy, it appears that the education sector has adopted a similar mindset. Given that today’s students have easy access to the Internet and are free to travel almost anywhere in pursuit of work, universities need not worry too much about job placements for their graduates.</p>
<p>So, why do universities need to create a bigger international presence, build their brands, and push for industry collaboration? It’s all about the global value chain. Universities want to embed themselves in processes that give their students and other stakeholders more opportunities in the market. </p>
<p>For many physical, earth and life scientists who are researchers, they offer a skill that commands a premium in innovation-focused industries.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-7-PACNOR-Global-Education-2.jpg" alt="" />
<figcaption class="image-caption">UC Law San Francisco Chancellor and Dean David Faigman (Credit: UC Law SF)</figcaption>
</figure>
<p>In an interview with GMI POST, <strong>Stanford University’s US-Asia Technology Management Center Director Dr. Richard Dasher</strong> said, “We look at the kind of impact of new technology businesses on industry value chains. For example, when artificial intelligence starts to be used in cybersecurity, how's that going to affect all of business software?”</p>
<p>Meanwhile, in a separate interview, <strong>UC Law San Francisco Chancellor and Dean David Faigman</strong> said, “The future is not only international, but the future is interdisciplinary. And that interaction between the interdisciplinary and the international is something of a unique opportunity in San Francisco like perhaps almost no other place on Earth.”</p>
<p>To secure their long-term future, Stanford University, UC Law, and Oregon State University will need to strengthen their alliances with their partners, domestic and international, like Sofia University in Tokyo by breaking down barriers and opening more lines of communication.</p>',
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'description' => 'In a low-income country where education is valued for its life-changing potential, millions of Filipino families prioritize the schooling of their children. Getting into one of the country's reputable colleges and universities is a dream come true. ',
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'content' => '<p>In a low-income country where education is valued for its life-changing potential, millions of Filipino families prioritize the schooling of their children. Getting into one of the country’s reputable colleges and universities is a dream come true.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-7-PH-Miriam-College.jpg" alt="" />
<figcaption class="image-caption">Miriam College President Laura Quiambao-Del Rosario (Credit: Miriam College)</figcaption>
</figure>
<p>Among those leading schools is <strong>Miriam College</strong>, which traces its roots to the American colonial period. An initiative of then Archbishop of Manila Michael J. O’Doherty, the Maryknoll Sisters of St. Dominic based in upstate New York set up a teacher-training program for women in Manila in 1926. Nearly a century later, the college has grown to include one satellite campus outside the capital and boasts a long list of notable alumni.</p>
<p>GMI POST sat down with one of Miriam College’s most prominent graduates. A career diplomat with 37 years of experience, <strong>Laura Quiambao-Del Rosario</strong> took over the helm in 2020, bringing with her a firm belief that a global worldview, particularly from non-Filipino educators, benefits students.</p>
<p>“In 2015, I lectured in 20 universities all over the Philippines I think I lectured to 10,000 students. I asked them: How many of you have been taught by a foreign professor? None of them ever had a foreign professor,” Quiambao-Del Rosario recalled.</p>
<p>“I told them that I am what I am because of 13 foreign teachers. They were the American nuns of Maryknoll College. They gave me the American perspective of freedom, the right to express myself, critical thinking, and the value of democracy,” she added.</p>
<p>After two years as head of Miriam College, the retired ambassador believes that the most well-read people make the best educators.</p>
<p>“To be an effective teacher, you have to be exposed to all kinds of ideas and experiences. That comes only with reading. I noticed in my own experience that those who are well-read and can debate in any forum are those who teach better,” she said.</p>
<p>With two master’s degrees in literature and in educational administration, Quiambao-Del Rosario started her career as a teacher in literary studies and later as director of admissions in what was then Maryknoll College. As diplomat, she served as director general of the Foreign Service Institute (2009-2011) and was also assigned to the Philippine missions in Austria, Singapore, the United States, India and Vietnam.</p>',
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'id' => '545526',
'title' => 'CCPI: The old guard of Philippine business',
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'description' => 'The Chamber of Commerce of the Philippine Islands has borne witness to the country's rich and colorful history. It has lived through the Philippine Revolution against Spain, the First and Second World Wars, the nation's transition from a commonwealth of the United States into an independent republic, and the country's descent into dictatorship and return to democratic rule.
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'content' => '<p><strong>The Chamber of Commerce of the Philippine Islands</strong> has borne witness to the country’s rich and colorful history. Founded in 1886 via royal decree, the CCPI’s origins are traced to King Alfonso XIII of Spain’s vision, through Queen Regent Maria Cristina, to establish a <em>camara de comercio </em>in every Spanish colony.</p>
<p>The CCPI lived through the Philippine Revolution against Spain, the First and Second World Wars, the nation’s transition from a commonwealth of the United States into an independent republic, and the country’s descent into dictatorship and return to democratic rule.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-5-PH-Chamber-of-Commerce-Jose-Yulo.jpg" alt="" />
<figcaption class="image-caption">Chamber of Commerce of the Philippine Islands President Jose Luis U. Yulo</figcaption>
</figure>
<p>“We are the only building in the country with a marker given by the National Historical Commission in three languages, Spanish, English and Filipino,” said <strong>Jose Luis U. Yulo</strong>, the CCPI’s 56th president.</p>
<p>Guided by the theme “History Builds the Future,” the Philippines’ oldest business organization continues to play a role in nation-building through its advocacy called “Economic Compass Pillars 5,” with the pillars being The Filipino & Education, Industries & Business, The Government, Infrastructure & Environment, and The Economy.</p>
<p>In the 21st century, CCPI has trained the focus of its advocacy toward the fulfillment of the 17 U.N. Sustainable Development Goals (SDGs): No poverty; zero hunger, good health and well-being; quality education; gender equality; clean water and sanitation; affordable and clean energy; decent work and economic growth; industry innovation and infrastructure; reduced inequalities; sustainable cities and communities; responsible consumption and production; climate action; life below water; life on land; peace, justice, and strong institutions; and partnerships for the goals.</p>
<p>As the Philippines loosened foreign ownership in Philippine companies with the amendment of the Foreign Investments Act last year, the CCPI has expressed guarded optimism.</p>
<p>“Our basic advocacy with foreign businesses is: You are welcome but within the constitutional limits of the Philippines. And we would like to have diversified multinational involvement so that we will not be dependent on monopoly control of only one country,” Yulo said.</p>
<p>“The Philippines is very much advocating for friendship, not only in terms of economic and business relations but also in cultural exchanges with countries that believe in private enterprise, freedom of speech, and other principles embodied in the Philippine constitution. Stronger relations lead to greater levels of trust between nations and can raise the quantity and quality of investments between countries,” he added.</p>',
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'id' => '545528',
'title' => 'Samsung SRA: A decade of global asset management success',
'description_old' => null,
'description' => 'Looking after assets worth more than $12.2 billion, Samsung SRA is one of Korea's largest real estate asset managers and a leader in the global financial landscape. It offers a wide range of services, including advisory and corporate real estate management across various sectors and geographical locations, including the United States. ',
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'url' => 'samsung-sra-a-decade-of-global-asset-management-success',
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'content' => '<p>Looking after assets worth more than $12.2 billion, <strong>Samsung SRA</strong> is one of Korea’s largest real estate asset managers and a leader in the global financial landscape. It offers a wide range of services, including advisory and corporate real estate management across various sectors and geographical locations, including the United States.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-5-SOKOR-Samsung-SRA-Chung-Kim.jpg" alt="" />
<figcaption class="image-caption">Samsung SRA CEO Chung Keun Kim</figcaption>
</figure>
<p>Committed to providing customer value and delivering profits for its partners, Samsung SRA has garnered the trust of its clients worldwide. Since its inception in 2012, the Seoul-based company has built a portfolio of 54 real estate assets in the United States.</p>
<p>Samsung SRA attributes its success to a research-driven decision-making process involving its clients. The collaborative approach has allowed the company to identify lucrative investment opportunities around the world, navigate market volatility, and deliver positive returns, particularly in South Korea.</p>
<p>“Our successful growth is driven by the trust we’ve earned from our clients, investors and the partners behind us,” <strong>Samsung SRA CEO Chung Keun Kim</strong> said.</p>
<p>By customizing solutions that meet each client's financial goals and risk tolerance, the company has nurtured deep trust and long partnerships. Its dedication to delivering success has yielded customer loyalty.</p>
<p>“When it comes to making decisions and running this fund, we collaborate with our partners. We have respect for them and they respect us also because of our reliable track in both asset acquisition and management,” Kim said.</p>
<p>Samsung SRA's growth over the past decade is a clear testament to its commitment to research, client-focused approach, and adaptability.</p>',
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'id' => '545515',
'title' => 'From ODM to Neogen: Outin Futures connects with customers',
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'description' => 'South Korean cosmetics have captured a significant global market share over the past decade because of their innovative products and unique approach to skincare. According to the Korean Cosmetics Association, the value of South Korea's cosmetics market grew from $4.4 billion in 2011 to $15.7 billion in 2021. Its value is predicted to reach $21.54 billion by 2027. ',
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'url' => 'from-odm-to-neogen-outin-futures-connects-with-customers',
'tags' => 'South Korea, Cosmetics',
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'content' => '<p>South Korean cosmetics have captured a significant global market share over the past decade because of their innovative products and unique approach to skincare. According to the Korean Cosmetics Association, the value of South Korea's cosmetics market grew from $4.4 billion in 2011 to $15.7 billion in 2021. Its value is predicted to reach $21.54 billion by 2027.</p>
<p>One standout success story within the industry is Outin Futures. Founded in 2000, the company began as a research and development partner and an original design manufacturer (ODM) for other beauty and wellness companies before launching its house brand, Neogen, in 2008.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-5-SOKOR-Neogen.jpg" alt="" />
<figcaption class="image-caption">Neogen has carved its niche in the global cosmetics market by developing innovative products.</figcaption>
</figure>
<p>This initial phase allowed <strong>Outin Futures</strong> to gain valuable insights into the cosmetics market, understand consumer preferences, and fine-tune its manufacturing processes.</p>
<p>“Outin Futures is targeting a wide range of export markets, including the United States, Japan, Russia and Indonesia, and conducts sales through various platforms. In 2023, the company is making efforts to solidify its brand vision and continuously expand its product portfolio in the global market,” <strong>Outin Futures Vice President and Chief Marketing Officer Janet Kim</strong> said.</p>
<p>In developing its Neogen brand, Outin Futures increased spending on research and combined the latest biotechnology with knowledge of natural ingredients to create products that pushed the boundaries of skincare innovation. The combination of traditional Korean skincare and the latest scientific innovation generated a faithful following across the globe.</p>
<p>Marketing has played a vital role in Neogen's growth. Recognizing the effectiveness of a good story, the company shares testimonials from customers and experiences from social media influencers. Going beyond selling its products, Neogen also wants to promote the brand's values, the science behind its formulations, and the transformational experiences of its customers. The marketing approach has created a deep emotional connection with its consumers and strong brand loyalty.</p>
<p>“Neogen has made significant progress in the U.S. market, with sales occurring through various channels, such as Home Shopping Network HSN, the giant chain COSTCO, Amazon US, as well as the K-beauty ambassador Soko Glam. As a cosmetics manufacturer, our goal is to expand exports based on excellent cosmetics development capabilities to achieve continuous global growth,” Kim said.</p>',
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'title' => 'A Portland startup aims to remove unconscious biases in hiring ',
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'description' => 'But what if managers and recruiters could completely eliminate these biases from the hiring process? That is precisely what Malik Kahel and Andrew Hallberg provide with their AI tool, HirelyAI. ',
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'url' => 'a-portland-startup-aims-to-remove-unconscious-biases-in-hiring',
'tags' => 'US, Oregon, AI, Job Recruitment',
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'content' => '<p>Nine out of 10 hiring managers admit to making final judgments and decisions about applicants within the first 15 minutes of the initial interview, the National Bureau of Economic Research (NBER) reports.</p>
<p>The statistic shows that biases, whether conscious or unconscious, are often established quickly, which potentially leads to unfair decisions. It also highlights the need to train hiring managers to be extra vigilant and ensure that their decisions are truly objective.</p>
<p>But what if managers and recruiters could completely eliminate these biases from the hiring process? That is precisely what <strong>Malik Kahel</strong> and <strong>Andrew Hallberg</strong> provide with their AI tool, <strong>HirelyAI</strong>.</p>
<p><img class="align-center" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-5-PACNOR-AI-for-Hiring.jpg" alt="" /></p>
<p>“HirelyAI is a company that makes AI for hiring. We do this by having HirelyAI use OpenAI's non-discriminatory language models to review the skills and qualities that matter to job seekers. This will allow hiring managers to get great qualified candidates without worrying about bias. HirelyAI aims to strengthen trust and commitment between both the job seekers and hiring managers,” the company said.</p>
<p>Founded in 2022, HirelyAI has over 1,000 beta users and is currently building cutting-edge AI tools for both job applicants and hiring managers, such as online chat interviews and candidate assessment tools that can be trained to quickly assess and choose the best candidates for jobs, saving companies and applicants time and money.</p>
<p>“Our aim is to strictly focus on the skill sets of job seekers and promote diversity among hiring managers and their companies. By using today's artificial intelligence and machine learning advancements we can make this possible,” said the company.</p>',
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'id' => '545517',
'title' => 'Exploring the thriving Philippine startup ecosystem: Trends, funding and growth',
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'description' => 'The Philippine startup ecosystem is thriving, according to the Philippine Venture Capital Report 2023 released by Foxmont Capital Partners and Boston Consulting Group. Data from the report shows that the total funds raised by Philippine startups have grown from $40 million in 2010 to $1.1 billion in 2022. ',
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'url' => 'exploring-the-thriving-philippine-startup-ecosystem-trends-funding-and-growth',
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'content' => '<p>The Philippine startup ecosystem is thriving, according to the Philippine Venture Capital Report 2023 released by Foxmont Capital Partners and Boston Consulting Group. Data from the report shows that the total funds raised by Philippine startups have grown from $40 million in 2010 to $1.1 billion in 2022. This marks a growth of over 27 times in the past 12 years and the second straight year that the Philippines secured more than $1 billion in startup funding. <br /><br /></p>
<p><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-5-PH-Startups-3.jpg" alt="" /></p>
<p>“B2C, and even more specifically D2C businesses are doing quite well in the Philippines. This is because the Philippines’ GDP is consumer-driven, with over 70% of the GDP being domestic consumption. We expect that b2b/saas solutions will soon follow,” <strong>Foxmont Capital Partners Managing Partner Franco Varona</strong> said.<br /><br /><strong>How is the national government playing an active part?</strong></p>
<p>“The Department of Information and Communications Technology and the Department of Science and Technology now actively deploy from their Startup Grant Fund, which provides equity-free grants to extremely early-stage startups. The National Development Corporation, under the Department of Trade and Industry, now manages the Startup Venture Fund, which allows for direct investments into startups with the support of their accredited co-investors. The government now understands the importance of the digitization of the nation, and we are already seeing clear steps forward that will support our startups,” Varona also said.</p>
<p><strong>What challenges lie ahead for Philippine startups?</strong></p>
<p><strong> </strong>“We recently ran a survey with our portfolio companies, and most of the challenges are right at the beginning - starting with the speed, or lack thereof, in which one can register a business. However, as mentioned earlier, as support and interaction with the government increases, we expect this to be addressed sooner than later,” Varona said. Founded in 2018, Foxmont Capital targets early-stage startups with a focus on Filipino-founded businesses.</p>
<p>“We at Foxmont are thrilled to witness the Philippines’ continuous development and together, we hope to aspire towards ever-greater heights,” said the report.</p>
<p>With its recent Fund II close of $21.3 million, Foxmont is the first and largest independent Philippine VC firm. <br /><br />Know more about Foxmont and the Philippine startup ecosystem by downloading the full <em>Philippine Venture Capital Report 2023 </em>here: <a href="https://www.foxmontcapital.com/pvcr-2023-subscription" target="_blank" rel="noopener"><strong><em>https://www.foxmontcapital.com/pvcr-2023-subscription</em></strong></a>.</p>',
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'title' => 'Fostering success through diversity and inclusivity in the workplace',
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'description' => 'In today's corporate landscape, the value of diversity and inclusivity in the workplace cannot be overstated. According to a 2021 CNBC survey, 80 percent of respondents said they wanted to work for a company that valued diversity, equity and inclusion efforts.',
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'content' => '<p>In today's corporate landscape, the value of diversity and inclusivity in the workplace cannot be overstated. According to a 2021 CNBC survey, 80 percent of respondents said they wanted to work for a company that valued diversity, equity and inclusion efforts.</p>
<p>In striving for innovation, global reach, and employee satisfaction, many organizations recognize that long-term success will come if they nurture an environment that embraces diverse perspectives and welcomes the different experiences of their employees.</p>
<p>According to a 2021 report by business analyst and thought leader Josh Bersin, more inclusive companies were 1.7 times more likely to be innovation leaders in their market and 1.8 times more likely to be ready for change. Bersin concluded that more diversity equaled more innovation.</p>
<p>Inclusivity, on the other hand, ensures that every employee's voice is not only heard but valued. When individuals feel included, they are more likely to share their insights, participate actively, and collaborate freely. This sense of belonging ultimately enhances overall employee morale and engagement. But implementing and sustaining diversity and inclusivity requires the commitment of the entire organization and is not something that is nurtured overnight.</p>
<p>In an interview, <strong>JobStreet Philippines Country Manager Philip Gioca</strong> said, “Creating an inclusive workplace takes a whole organization, from leaders at the highest level to the junior team members to have a deeper understanding and commitment towards the brand values and culture and displaying authenticity and acceptance.”</p>
<p><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-4-PH-Workplace-Diversity.jpg" alt="" /></p>
<p>Apart from ethical issues, diversity and inclusivity initiatives also make good business sense. A diverse workforce builds a wider customer base and allows a more refined understanding of the needs and preferences of customers. This can lead to more targeted marketing strategies, product innovations, and ultimately, improved business performance.</p>
<p>A global study released by Deloitte Digital in 2022 said 57% of consumers were more loyal to brands that commit to diversity and addressing social inequities in their actions</p>
<p>Implementing diversity and inclusivity requires a multifaceted approach that considers a wide range of backgrounds when hiring, promoting open communication, providing diversity training, and establishing employee resource groups to foster connections.</p>',
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'title' => 'Renowned U.S. chip designer wants to end Nvidia's global dominance',
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'description' => 'Tenstorrent CEO Jim Keller, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant's global market dominance.',
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'content' => '<p><strong>Tenstorrent CEO Jim Keller</strong>, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant’s global market dominance.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Tenstorrent.jpg" alt="" />
<figcaption class="image-caption">Tenstorrent CEO Jim Keller (Photo source: Tenstorrent)</figcaption>
</figure>
<p>Headquartered in Toronto, Tenstorrent has offices in Austin, Texas and Santa Clara, California, as well as in Belgrade, Tokyo, Bangalore, and Seoul. The company claims to be developing AI processors that perform as efficiently as Nvidia's AI GPUs but at a lower cost.</p>
<p>At present, Nvidia is the global market leader when it comes to AI chips. Its AI accelerators command between 70% and 95% of the global market share, according to CNBC.</p>
<p>Keller also said in the interview that Tenstorrent hopes to sell its second-generation multipurpose AI chip by the end of this year.</p>
<p>According to Keller, Tenstorrent can achieve its objective because it does not use high-bandwidth memory (HBM), a popular type of advanced memory chip capable of transferring large amounts of data quickly. HBM is a vital component for generative AI chips and has played a significant role in the success of Nvidia's offerings.</p>
<p>But Keller pointed out that HBM was also one of the culprits behind the massive energy consumption and high prices of AI chips.</p>
<p>"Even the people that use HBM struggle with the cost of it, [and] the design time to build it,” he said.</p>
<p>By doing away with HBM, Tenstorrent will design a chip that can replace both GPUs and HBMs in some areas of AI development, adding that its new product will be "as cost-effective as possible".</p>',
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'content' => '<p>Tokyo-based trading giant <strong>ITOCHU</strong> secured a contract to develop and test AI systems that will help run the transportation network and energy infrastructure of a future smart city project in southern Taiwan, according to a company press release.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-ITOCHU-Taiwan.jpg" alt="" />
<figcaption class="image-caption">ITOCHU plans to roll out AI-powered buses for Taiwan's new smart city project in Tainan. (Photo source: Nikkei Asia)</figcaption>
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<p>ITOCHU outbid other parties interested in the Integrated Development Project for Shalun Smart Green Energy Science City located in Tainan. The early-stage contract, according to Nikkei Asia, is worth around $332,000 (10.8 million New Taiwan dollars).</p>
<p>According to ITOCHU, the goal is to test its AI systems on a trial basis by the end of October. This is the first time the trading house has officially participated in an overseas smart city project.</p>
<p>The Taiwanese government also announced plans to earmark an additional $306.9 million (or 10 billion NTD) to develop the country’s artificial intelligence (AI) industry. In line with this goal, ITOCHU will collaborate with various Taiwanese partners, including IT company Accton Technology and National Cheng Kung University.</p>
<p>Home to the world's largest semiconductor maker, Taiwan Semiconductor Manufacturing Company (TSMC), Taiwan has a global market share of 61.7%. CNN estimates that TSMC produces 90% of the world's super-advanced semiconductor chips, which are used to power everything from smartphones to artificial intelligence applications.</p>',
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'content' => '<p>Belgium-based supplier of semiconductor solutions <strong>Melexis</strong> has opened its largest wafer testing site worldwide in Kuching in the Malaysian state of Sarawak to strengthen its presence in Asia-Pacific and meet the rising demand for semiconductors around the world, according to a company announcement.</p>
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<figcaption class="image-caption">Melexis' new 70 million-euro facility in Kuching is a nod to the local architectural design. (Photo source: Melexis)</figcaption>
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<p>Wafer testing is part of the manufacturing process wherein all individual integrated circuits are checked for functional defects through special test patterns.</p>
<p>According to Melexis, its expansion in Malaysia is a strategic move to streamline logistics and reduce its ecological footprint. Additionally, it selected Kuching because of its diverse, multilingual, entrepreneurial and highly skilled workforce.</p>
<p><strong>Melexis CEO Marc Biron </strong>said, “With an investment of 70 million euros, this opening underscores the ambition of Melexis and will ensure future growth. With Melexis, we are at the forefront of innovation, and this opening will support us in the markets that we serve.”</p>
<p>The new four-storey building, a collaboration of award-winning Belgian architect Sebastian Mortelmans and local architectural firm DNA, covers a ground surface of 4,500 sq. m., making it the company’s largest wafer testing site worldwide. The modern design evokes local longhouse architecture, incorporates advanced energy-saving systems, like a solar installation that can generate 30.000 kWh per month, and minimizes its environmental impact.</p>
<p>“Melexis has made the right choice to invest in Sarawak. With political stability, Sarawak is business-friendly and welcomes investments that can create mutual benefits. The Sarawak government has always been very supportive of investors both foreign and domestic. It is among the most preferred destinations for investment in Malaysia,” <strong>Sarawak’s Ministry of International Trade, Industry and Investment </strong>said in a statement<strong>.</strong></p>
<p>“Sarawak possesses many comparative advantages for businesses to grow and prosper such as strategic location, availability of green energy, talented workforce, and suitable land for industrial activities,” the statement also said.</p>',
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'title' => 'ITOCHU invests in U.S. hydrogen aircraft engine maker ZeroAvia',
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'description' => 'Japanese trading giant ITOCHU announced this month it had invested in ZeroAvia, a British-American maker of hydrogen-electric engines for aircraft, according to a company statement.',
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'content' => '<p>Japanese trading giant <strong>ITOCHU</strong> announced this month it had invested in <strong>ZeroAvia</strong>, a British-American maker of hydrogen-electric engines for aircraft, according to a company statement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-Itochu-ZeroAvia.jpg" alt="" />
<figcaption class="image-caption">An aircraft powered by ZeroAvia's hydrogen-electric engines (Photo source: ZeroAvia)</figcaption>
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<p>Founded in 2018, ZeroAvia describes itself as “a team of passionate innovators dedicated to bringing safe, zero-emission flight to aviation.” The company claims its hydrogen-electric propulsion systems are “the most environmentally friendly and economically attractive solution to aviation’s growing climate change impact.”</p>
<p>According to ZeroAvia, its hydrogen-electric engines cut more than 90% of harmful emissions, lower operating costs by more than 40%, improve air quality and reduce noise pollution in airport communities.</p>
<p>Under the deal, ITOCHU will serve as ZeroAvia's distributor in Asia, marking its first investment in a developer of hydrogen engines for aircraft and a further expansion into the aviation industry. ITOCHU is part of Japan Aerospace, which is involved in aircraft sales, and of JAMCO, which manufactures materials for aircraft interiors.</p>
<p>According to ITOCHU, this recent investment is part of the company’s long-term goal of helping save the planet by decarbonizing the aviation industry.</p>',
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'description' => 'For the third time in the last five years, Virginia was ranked America's Top State for Business in 2024 by CNBC, which cited the state for having the best public schools in the country. It grabbed the top spot in 2007, 2009, 2011, 2019, and 2021.',
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'content' => '<p>For the third time in the last five years,<strong> Virginia</strong> was ranked America’s Top State for Business in 2024 by CNBC, which cited the state for having the best public schools in the country. It grabbed the top spot in 2007, 2009, 2011, 2019, and 2021.</p>
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<figcaption class="image-caption">Fairfax County Economic Development Authority President and CEO Victor Hoskins (Photo source: Fairfax County Economic Development Authority)</figcaption>
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<p>“Congratulations to Virginia on being named America’s Top State for Business in 2024 by CNBC, a record six times achieving that designation. I know that Virginia succeeds because of our shared belief that collaboration and innovation yield great results for our businesses and their employees,” said <strong>Fairfax County Economic Development Authority President and CEO Victor Hoskins</strong>.</p>
<p>Virginia ranks in the top half or better in each of the study’s 10 categories this year, “a rare feat,” noted CNBC. The state landed in the top 10 in four additional categories: infrastructure (3rd), business friendliness (5th), access to capital (8th) and workforce (9th).</p>
<p>For the first time, CNBC counted infrastructure (including the availability of shovel-ready sites) as the most important component for businesses when deciding on investment and cited the Virginia Business Ready Sites Program, as well as its world-class port, rail, roadway, and air transportation ecosystem as major contributors to the recognition.</p>
<p>CNBC’s annual ranking measures all 50 states on 128 different metrics in 10 key categories of competitiveness. North Carolina ranked second on the list, followed by Texas, Georgia and Florida.</p>
<p>Regarding Virginia’s economic relations with Japan, over $32.5 billion in capital investment has been made by Japanese companies in the last 5 years, according to the Virginia Economic Development Partnership, which also reports that Japanese companies employ more than 15,2000 people in the state.</p>',
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'content' => '<p>The U.S. subsidiary of Japanese group <strong>FANUC</strong>, one of the world’s largest makers of industrial robots, has opened a $110 million facility in Michigan to store, sell and maintain made-in-Japan industrial robots for North American customers, according to a statement from FANUC America.</p>
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<figcaption class="image-caption">Michigan Gov. Gretchen Whitmer (center) with senior officers of FANUC America at its West Campus. (Photo source: FANUC America)</figcaption>
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<p>The new 650,000-square-foot facility was inaugurated on July 10 and is located in FANUC America’s West Campus in Auburn Hills, Michigan. The expansion increases the company’s footprint in Michigan to over 2 million square feet and is part of FANUC America’s plan to advance industrial automation in North America. The West Campus represents a $110 million investment built on 67 acres of land.</p>
<p>The facility, built on 270,000 square meters, has warehouse space to hold more than 6,000 robots and features automated systems for moving the robots in and out of the building, according to FANUC America.</p>
<p>"Our ongoing upward trajectory allows us to better support our customers with cutting-edge robotic and automation solutions, helping to drive more efficiency across all industries,” <strong>FANUC America CEO Michael Cicco </strong>said at the unveiling ceremony.</p>
<p>The Japanese company said it would have invested $250 million in North America since 2019 once this and other projects in its pipeline are completed. Currently, FANUC America has created over 400 jobs in Michigan.</p>',
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'description' => 'K Health, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.',
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<figcaption class="image-caption">K Health founder and CEO Allon Bloch (Photo source: K Health)</figcaption>
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<p>K Health said in the same statement that it had been developing its own AI technology for more than seven years. Today, it can provide 24/7 virtual primary care solutions to millions of people in the United States.</p>
<p>The K Health platform includes clinical-grade medical chat and AI predictive models based on large datasets to help physicians optimize diagnosis and treatment and focus on patient care.</p>
<p>Instead of doctors taking patients through lengthy procedures and manually piecing together their medical history from electronic medical records, K Health allows healthcare providers to engage more quickly and closely with patients by giving them a complete medical chart with patient insights straight from the app.</p>
<p>According to K Health, this new model of care delivery achieves dramatically higher quality of care at lower costs compared to traditional primary care.</p>
<p>“K Health solves the need to make primary care visits highly personalized by giving doctors AI superpowers that enable them to practice at the top of their license. Our primary care platform offers a concierge medical experience with an assigned provider and 24/7 access to care,” explained<strong> K Health founder and CEO Allon Bloch.</strong></p>
<p>“When partnered with leading health systems, this model creates significant benefits to access, clinical outcomes, and patient experience. All you need to get care is your health insurance, a stark contrast to concierge medicine services that typically cost thousands of dollars,” Bloch added.</p>
<p>Meanwhile, <strong>Claure Group</strong> <strong>Founder and CEO Marcelo Claure </strong>said: As I invest in the AI landscape, I have found it incredibly difficult to discover companies making tangible, real-world progress with AI. K Health is the first company I've seen successfully using AI to impact millions of lives. They are addressing some of healthcare's greatest challenges by providing accessibility to faster, higher-quality, lower-cost care on a large scale."</p>',
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'content' => '<p>Ontario-based multinational <strong>Lee Li Holdings (LLH)</strong> <strong>CEO Lee Q. Shim</strong> told <strong>Cambodian Prime Minister Hun Manet </strong>in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.</p>
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<figcaption class="image-caption">Cambodia Prime Minister Hun Manet (right) met with Lee Li Holdings President and CEO Lee Q. Shim (Ieft) in Phnom Penh this month. (Photo source: Office of the Prime Minister)</figcaption>
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<p>During the meeting, Manet pointed out that the <strong>Cambodia Chamber of Commerce</strong> had two representative offices in Canada (Toronto and Montreal) that promote bilateral trade and assist exporters and importers in their two countries.</p>
<p>“Shim’s visit will further contribute to the promotion of trade relations between Cambodia and Canada,” Manet said.<br /><br />The prime minister also encouraged Shim to pursue discussions with relevant ministries and agencies, such as the Ministry of Health, the Ministry of Mines and Energy, and Ministry of Commerce, adding that his government has supported the private sector by encouraging international investment in the country.</p>
<p>Canada is one of the largest investors in Cambodia and has brought in around $1.1 billion in foreign direct investment as of 2021, Cambodian socio-economic analyst Chey Tech told The Phnom Penh Post in an interview.</p>',
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'content' => '<p><strong>National University Hospital (NUH)</strong>, the main teaching hospital of the country’s top-ranking National University of Singapore, announced this month the opening of a center focused on providing trauma care to vulnerable groups, particularly children, older adults, and migrant workers.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-SG-NU-Hospital.jpg" alt="" />
<figcaption class="image-caption">Key representatives of NUH during the launch of the National University Centre for Trauma (Photo source: Singapore's National University Hospital)</figcaption>
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<p>According to the NUH, the center will use a code system to reduce the time between admission to the emergency department and the transfer to an operating theatre. Code Trauma involves the mobilization of all essential staff, including emergency physicians, nurses, surgeons, and anesthesiologists, to accelerate decision-making and response for patients with polytrauma or multiple injuries.</p>
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<p>Today, NUH has over 1,200 beds and serves more than 1 million patients a year with over 50 medical, surgical, and dental specialties. NUH is the only public and not-for-profit hospital in Singapore that provides care for adults, women and children under one roof, including the country’s only pediatric kidney and liver transplant program.</p>',
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'description' => 'Because of its distance from the Philippine capital Manila, Ilocos Norte might not have been at the top of the list for investors, both local and international. With an international airport served by the country's two largest carriers, the province is determined to become "the ideal business destination" in the region. ',
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'content' => '<p>Because of its distance from the Philippine capital Manila, Ilocos Norte might not have been at the top of the list for investors, both local and international. With an international airport served by the country’s two largest carriers, the province is determined to become “the ideal business destination” in the region.</p>
<p>At the forefront of this effort is <strong>INvest Ilocos Norte</strong>, the province’s investment promotions arm led by Gov. Michael Manotoc. In an interview with GMI POST, <strong>Provincial Investment Officer Rona Leigh Bueno</strong> outlined the four drivers behind Ilocos Norte’s economic growth plan.</p>
<p><strong>Tourism</strong></p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-R3/EDC-NL-R3-WK-9-PH-Ilocos-Norte-Wind-Farm.jpg" alt="" />
<figcaption class="image-caption">Ilocos Norte has become a favorite location for wind farms, which have also become tourist attractions.</figcaption>
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<p>With its Spanish Colonial-era architecture and pristine beaches, Ilocos Norte has been one of the top destinations among local tourists. The St. Agustine Church in the provincial capital Paoay is one of four Baroque Churches in the Philippines included in the UNESCO World Heritage List.</p>
<p>Pagudpud in the northern tip of Luzon, the largest and most populous island of the Philippines, boasts beaches with crystal clear waters and power-fine white sand.</p>
<p>"Our goal for the provincial tourism industry is to invite investors and an international chain to develop our hospitality industry even further,” said Bueno.</p>
<p><strong>Renewable energy </strong></p>
<p>Ilocos Norte is home to Southeast Asia's first wind farm. A tourist attraction in itself, the iconic Bangui Windmills currently supplies around 40% of the province’s electricity needs. Since the Bangui Wind Farm began operations in 2005, Ilocos Norte has overseen the opening of two more wind farms, one in Burgos and another in Pagudpud.</p>
<p>According to Bueno, Manotoc recognizes the immense growth potential of renewable energy in the province.</p>
<p>Only in June, Madrid-based BlueFloat Energy announced the acquisition of Wind Energy Service Contracts (WESCs) for four sites in the Philippines.</p>
<p>“Blue Float is a wind farm company that was the province’s first Green Lane certification awardee. Their pilot site will be an offshore one in Ilocos Norte,” she said.</p>
<p><strong>Digital transformation</strong></p>
<p>Ilocos Norte is proud of its recognition as one of the 25 digital cities in the Philippines by the IT and Business Processing Association of the Philippines, the Department of Information and Communications Technology (DICT), and Leechiu Property Consultants.</p>
<p>“We offer knowledge processing outsourcing (KPO), which are non-voice, backup offices that provide expert services like accounting, architecture, engineering, and healthcare. There's a big opportunity for KPOs here because we produce an average of 4,000 college graduates a year,” Bueno said.</p>
<p><strong>An ideal business environment</strong></p>
<p>With its strategic location, connectivity via its international airport, good quality of life, and tax incentives offered by the local government, Ilocos Norte provides the right conditions for businesses to thrive.</p>
<p>Also, the province has a sizeable, highly skilled workforce composed of a steady stream of college graduates who are ready to contribute to its economic success.</p>',
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Finding true north in growth: A Philippine province shows the way
Because of its distance from the Philippine capital Manila, Ilocos Norte might not have been at the top of the list for investors, both local and i...
