Trends fp

31/01/24 Department of Finance PH’s full-year 2023 GDP growth strongest among major Asian economies The Philippines finished strong in 2023 with a full-year gross domestic product (GDP) growth rate of 5.6 percent, outpacing major economies in Asia, such as China (5.2 percent), Vietnam (5.0 percent), and Malaysia (3.8 percent) based on the latest available data.…

New field study finds AI will not put people out of work The technology will transform the employment sector but will likely leave few workers behind. Loukia Papadopoulos Published: Nov 04, 2023 02:11 PM EST AI-powered automation has the ability to take over routine, repetitive, and manual processes. Consequently, employment in sectors such as manufacturing, data…

Alexis Romero – The Philippine Star September 28, 2023 | 12:00am MANILA, Philippines — President Marcos has signed into law a national employment master plan that aims to solve unemployment, jobs-skills mismatch and other labor market challenges as well as boost workers’ competitiveness. “With the passage of this law, we are opening a new chapter in…

Joblessness, underemployment worsen in January as temporary holiday jobs fade Ramon Royandoyan – Philstar.com March 9, 2023 | 9:26am MANILA, Philippines (Updated 10:53 a.m.) — The proportion of jobless Filipinos went up in January while job quality deteriorated as the sheen of temporary jobs offered by the holiday rush faded, adding to the problems of…

No reprieve for Filipinos as inflation boils to over 10-year high in October Ramon Royandoyan – Philstar.com November 4, 2022 | 11:23am MANILA, Philippines (Update 1, 11:23 a.m.) — The prices of key goods and services hit their quickest pace of growth in over a decade in October, forcing Filipinos to continue tightening their spending…

July 11, 2022 | 12:33 am Jeepneys wait for passengers at the corner of EDSA-Aurora Boulevard in Quezon City, July 1. — PHILIPPINE STAR/ MIGUEL DE GUZMAN FacebookMessengerTwitterLinkedInShare By Diego Gabriel C. Robles THE NEW growth targets set by President Ferdinand R. Marcos, Jr.’s economic team are achievable if the government will continue to reopen the…

Published May 15, 2022, 9:05 PM by Merlina Hernando-Malipot The Department of Education (DepEd) is planning to complete the K to 12 curriculum enhancement in July this year to address congestion, redundancies, and overlaps in the current curriculum. “The 2022 Basic Education Curriculum is envisioned to be responsive and attuned to the dynamic changes in the…

Lawrence Agcaoili – The Philippine Star  April 21, 2022 | 12:00am MANILA, Philippines — The International Monetary Fund (IMF) expects the Philippine economy returning to its pre-pandemic growth level in 2024 after closing the output gap arising from the impact of the pandemic by next year. IMF resident representative Ragnar Gudmundsson said in an email…

Rhodina Cabrera – The Philippine Star April 2, 2022 | 12:00am MANILA, Philippines — The non-government group Oxfam Pilipinas has commissioned a study that showed that Filipino women are still bearing the brunt of unpaid care work, resulting in many of them juggling full-time work and a “second shift” at home tending to backbreaking household…

  In its meeting on 23 February, the NTUC Phl General Council picked LENI ROBREDO and KIKO PANGILINAN as its candidates for president and vice president in the May 2022 elections. The criteria for selection: committed to our labor agenda; track record of supporting labor, trade unions, farmers, educators, sectors, and advocacies; COVID-19 response; human rights…

Louise Maureen Simeon – The Philippine Star January 28, 2022 | 12:00am Economy beats forecasts, expands by 5.6% in 2021 The economy, as measured by gross domestic product (GDP) or the final goods and services produced in the country, rose by 7.7 percent in the last quarter, topping analysts’ median estimate of 6.3 percent. Miguel…

By Ernie Cecilia DPM January 27, 2022 PH’s future of work On January 21, Executive Director Ebb Hinchliffe of the American Chamber of Commerce in the Philippines (AmCham) hosted a discussion among selected industry leaders on the implications of “Future of Work” on American businesses in the Philippines. As chairman of AmCham’s Human Capital Committee…

Industries have differing views on RCEP By …- January 24, 2022 By JED MACAPAGAL and IRMA ISIP, Malaya Industries and business groups have banded to lobby for the concurrence by the Senate to the ratification of the Regional Comprehensive Economic Partnership (RCEP) Agreement, saying they will miss out on opportunities if the Philippines does not…

By Anna Leah E. Gonzales January 18, 2022 THE Bangko Sentral ng Pilipinas (BSP) on Monday said it received more than 40,000 complaints on financial transactions from 2020 to 2021.

Ramon Royandoyan – Philstar.com January 7, 2022 | 11:41am Jobless rate hits lowest since start of pandemic, but job quality worsens Devotees at National Shrine of Our Mother of Perpetual Help at Baclaran in The STAR / Michael Varcas ANILA, Philippines — Unemployment rate in November last year hit its lowest level since the start…

by Lawrence Agcaoili – The Philippine Star, 24 Dec 2021 MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has joined the fight against predatory lenders charging an interest rate of as much as 504 percent per annum, as it decided to impose a cap on the charges imposed by lending firms, financing companies and…

by Louella Desiderio – The Philippine Star, 17 Dec 2021 MANILA, Philippines — Philippine exports to other members of the Regional Comprehensive Economic Partnership (RCEP) agreement may decline by $100 million due to the deal’s tariff concessions, but this can be offset by additional trade and other benefits, the UN Conference on Trade and Development…

by Lawrence Agcaoili – The Philippine Star, 16 Dec 2021 MANILA, Philippines — Remittances from overseas Filipinos sustained their growth momentum for nine straight months, hitting a three-month high in October as the Christmas season approaches, according to the Bangko Sentral ng Pilipinas.