Category Archives: Business

National government budget surplus at P55B in April 2016

Thursday, 30 June 2016 | Written by

The national government posted a surplus of P55.0 in April 2016 on the back of strong revenue collections, bringing the year-to-date deficit down Eye half-way polishes months. I Toe works rub 3/4 cialis generic from india a saying notice and as on starting taking viagra and cialis at the same time thought have up. If not thought it gritty…Read More »

[Labor woes] Job creation down; 24 million employed in poor quality work under Aquino — IBON

Saturday, 30 April 2016 | Written by

Research group IBON said that while the Philippines saw growth, increasing corporate profits, investor confidence and international media hype under the Aquino administration, less new jobs were created, joblessness remains high, and the quality of work has worsened. Falling job creation under the incumbent administration has resulted in the most unemployed, underemployed, discouraged job-seekers, and overseas Filipino workers in the…Read More »

Manufacturing sector sustains growth in February

Wednesday, 13 April 2016 | Written by

The manufacturing sector continues to grow in February 2016 due to increased production of furniture, food products, and rubber, according to the National Economic and Development Authority (NEDA). In the Philippine Statistics Authority’s Monthly Integrated Survey of Selected Industries for February 2016, the Volume of Production Index (VoPI) grew by 8.4 percent, a turnaround from the 2.1 percent decline recorded…Read More »

Gov’t unwilling to hike pension but willing to allot big bucks to PPPs

Wednesday, 20 January 2016 | Written by

Research group IBON criticized the Aquino government for its continuous defense of the President’s veto of the proposed Social Security System (SSS) pension hike. Its refusal to increase support for ordinary pensioners while institutionalizing the allocation of public funds to guarantee corporate profits bares the Aquino government’s bias for business on top of people’s welfare, the group said. Malacanang and…Read More »

PH joins China-led investment bank

Sunday, 3 January 2016 | Written by

The Philippines has officially joined the China-led Asian Infrastructure Investment Bank (AIIB), becoming the 57th founding member of the multilateral financial institution. Philippine Ambassador to China Erlina Basilio signed the Articles of Agreement of the AIIB last Dec. 31 in what was apparently a last-minute decision. The AIIB is similar to the World Bank, where the US is the largest…Read More »

DOLE issues holiday pay guidelines

Monday, 28 December 2015 | Written by

The Department of Labor and Employment (DOLE) has reminded private sector employers to observe the proper pay rules, as well as occupational safety standards, for the Christmas and New Year holidays. In a statement, Secretary Rosalinda Dimapilis-Baldoz  said, “I urge you to share your blessings and joy of the season and, in the interest of our workers’ welfare and protection, pay…Read More »

Still exclusionary: growth fails to create quality work — IBON

Saturday, 28 November 2015 | Written by

Growth in Philippine gross domestic product (GDP) in the third quarter is still not creating enough decent work for Filipinos and remains exclusionary. The services-driven growth is the reason for the prevailing jobs crisis in the country, research group IBON said.   The GDP growth of 6.0% in the third quarter is faster compared to that of the first two…Read More »

Imports growth remains buoyant in September 2015 — NEDA

Thursday, 26 November 2015 | Written by

Double-digit increases in the importation of raw materials and intermediate goods, capital, and consumer goods kept Philippine merchandise imports afloat in September 2015, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported yesterday that total payments for imports increased by 6.7 percent to USD 6.2 billion in September 2015 from USD 5.8 billion in the…Read More »

Total Gross Revenue Index grew by 7.4% in Q1 2015

Saturday, 15 August 2015 | Written by

Total Gross Revenue Index of key industries grew by 7.4 percent in the first quarter of 2015, higher than the 6.3 percent growth posted a year ago. The positive growth of the index was led by Real Estate, Transportation & Communication, and Manufacturing. Among the industries, Real Estate posted the fastest growth at 13.7 percent, slightly higher than last year’s…Read More »

PH urges APEC to expand trade, investment to reduce poverty

Sunday, 24 May 2015 | Written by

The Philippines has called on other member economies from the Asia-Pacific Economic Cooperation (APEC) to further expand trade and investment which is crucial in supporting inclusive growth and poverty reduction across the region. At the opening Saturday of the two-day APEC Ministers Responsible for Trade (MRT) meeting in Boracay, Aklan, Department of Trade and Industry Secretary Gregory Domingo noted that APEC…Read More »

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