Monthly Archives: September 2013

MANILA, Philippines – The Department of Labor of Employment (DOLE) sees more jobs for the youth and other jobseekers in the remaining months of the year due to the coming holiday season.

The Philippines today has a great window of opportunity to deepen reforms that will put the country on an irreversible path towards inclusive growth – one that generates more jobs and reduces extreme poverty. If Filipinos could work together for a broad reform coalition that will commit to continuing the current positive trends on good…

UNITED NATIONS – The number of migrants around the world rose above 230 million in 2013 with the United States, Western Europe and the Gulf oil states the biggest draws, the UN said Wednesday, September 11.

Today, we launch a new paper that uses the lessons from Africa, Latin America and South East Asia to warn against aggressive austerity programmes in Europe. Krisnah Poinasamy, one of the authors of the paper, explains more.

15.4% of household budget goes to education MANILA, Philippines—FIlipinos, in general, believe more strongly in the correlation between education and having better employment prospects compared to the global average, according to the latest survey by Nielsen.

(updated 1:28 p.m.) The number of unemployed Filipinos slightly increased in July year-on-year despite strong economic growth in the second quarter, the National Statistics Office (NSO) reported Tuesday.

FILIPINOS spend more for education compared to other nationalities, according to the latest Global Survey of Education Aspirations released by market research firm Nielsen Holdings NV.

A HELPING HAND. Agriculture Secretary Proceso Alcala says the department aims to provide more infrastructure and facilities in rice production to help make Philippine rice more competitive. MANILA, Philippines – “At this point in time, we cannot say that we are ready for the ASEAN Economic Community,” said Agriculture Secretary Proceso Alcala at the department’s…

The world population will peak at 8.7 billion people in 2055 and then decline to 8 billion by 2100, according to new research by Deutsche Bank. Its projections contrast drastically with previous forecasts by the United Nations (UN), which sees world population continuing to rise until 2100.

LABOR AND BUSINESS groups both normally reject mandated minimum wage hikes, with the former complaining the amounts are not enough and the latter decrying the added cost.

The Philippines will likely post the strongest growth in labor force in Asia over the next decade and hit its demographic peak at 2085, American investment bank BofA Merrill Lynch said.

Region to become world’s 5th-biggest vehicle market The Philippine automotive sector continued to lag behind its peers in the Asean (Association of Southeast Asian Nations) in terms of sales, despite posting an 18-percent sales growth as of the end of July this year.

MANILA, Philippines—The country’s adoption of the K-12 education program is expected to result in a wave of mergers and acquisitions (M&As) among operators of academic institutions.

MANILA, Philippines – Four local governments who host renewable energy (RE) projects shared how these inspired the confidence of other investors.

ENERGY Secretary Carlos Jericho Petilla sees a downside in the 7.5-percent economic expansion in the second quarter of the year. With the economy growing above forecasts, Petilla said the pipelined power plants may not be able to meet the vastly increasing energy needs in the near future, particularly in Luzon.

THE BETTER-THAN-EXPECTED 7.5% 2Q13 growth certainly brought cheer to local stocks battered by two weeks of bad news. The main stock index rose a cumulative 6.0% in the past two days following the announcement last August 29 that the local economy bested other Southeast Asian countries where growth ranged from 2.8% (Thailand) to 5.8% (Indonesia)…

Foreign portfolio investments (FPIs) flowed out of the country during the week in August when the rains poured in torrents and when apprehensions over the impact of the end of a period of lax monetary policies in the United States, known as quantitative-easing (QE) tapering, were at its highest, latest data from the Bangko Sentral…

Women have entered almost all fields of professions these days. Be it armed forces of business, women can be found working in all environments. It is a fact that these days, women are starting new firms at twice a rate of all other businesses and according to a research it is projected that women labor…

SAINT PETERSBURG, Russia – G20 leaders warned on Friday that global economic recovery is too weak, with the risk of a further slowdown and some emerging markets showing particular fragility.

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MINIMUM wages in Metro Manila will be increased by P10 to a range of P429-466 per day, the Labor department announced on Friday.

GENEVA – Switzerland has kept its title as the world’s most competitive economy for the fifth year running, though it needs to resist any temptation to protect its core banking sector if it wants to stay top, the World Economic Forum said on Wednesday.

(Reuters Health) – In a large new U.S. study, migraine headaches were found to be more likely to happen to people with lower household incomes, but tended to go into remission at the same rate for people at all income levels.

MANILA – Tighter US monetary policy is likely to temper Philippines growth despite strong domestic consumption and government spending, the Institute of Chartered Accountants in England and Wales (ICAEW) said.

MANILA, Philippines—Given significant improvements in governance, innovation and drive against corruption, the Philippines has moved up six notches in the global competitiveness ranking to the 59th place this year, out of 148 economies.

MANILA, Philippines – The Philippines faces an enormous jobs challenge. Good jobs — meaning jobs that raise real wages or bring people out of poverty — needed to be provided to 3 million unemployed and 7 million underemployed Filipinos — that is those who do not get enough pay and are looking for more work—as…

As a result of investments and a refinement in Tourism courses, at least 10,000 jobs are being posted daily by luxury hotels, casinos and resorts nationwide, search engine operator JobsDB said Wednesday.

MANILA – (UPDATE 2, 3:57 p.m.) The Philippines climbed six notches in a World Economic Forum (WEF) survey that ranks countries based on how competitive they are in attracting business.

CUSTOMERS. Retailers watch out for consumption and lifestyle trends of Filipino workers in outsourcing companies. File photo by AFP MANILA, Philippines – Want to sell to Business Process Outsourcing (BPO) employees? Try these: breakfast, booze, and gadgets.

Slowing emerging economies seen weighing on global growth PARIS – Led by firm U.S. growth, the outlook is gradually improving for advanced economies while even crisis-weary Europe is at last joining the recovery, the OECD said on Tuesday.