Widespread corruption, not only in government but also in the business sector, is a stumbling block that keeps the economy from growing, business leaders and analysts said at the 1st Integrity Summit Wednesday.
A study by the Asian Development Bank found that the Philippines has one of the highest tax rates in Asia, but the country’s untaxed underground economy is also among the largest in the world.
Prices of commodities including petroleum are beginning to spike upward again, which could derail global economic recovery and affect growth in the Philippines, according to economists.
THE Philippine economy may go through a ”slow recovery” in the third quarter, according to the National Statistical Coordination Board (NSCB), as its composite leading economic index (LEI) slid further into negative territory. Citing a moderate decline in its LEI, the agency said the indicator slipped to negative 0.425 in the third quarter from a…
MANILA, Philippines – Defense Secretary Gilbert “Gibo” Teodoro outlined his roadmap for the country’s sustained economic growth anchored on lasting peace specifically in southern Philippines.
WASHINGTON – The Philippines is 114th among 144 countries in the world rated for their state of peace in the face of global recession and growing political instability.
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of Forced Labour and Freedom of Association protocols.
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