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WEBPhilippines’ growth outlook clouded by inflation risks. THE Philippines is likely to continue its stable growth trajectory in the medium term, although inflation and elevated interest rates remain major risks to this outlook, analysts said.
Economy Archives - BusinessWorld Online
WEBUN estimates funding need of $743M to achieve PHL dev’t framework goals. THE United Nations (UN) said it needs about $743 million until 2028 to support human capital investments, job-quality improvements, and accelerated climate action in...
Philippines may benefit from new globalization
WEBFebruary 11, 2021 | 12:32 am. THE PHILIPPINES could benefit substantially from the ongoing massive shift in global trade, with the services sector likely to see the most gains, the Asian Development Bank (ADB) said. While the coronavirus pandemic and lockdowns disrupted global economy and trade, the ADB said Asia should adopt stronger trade ...
Filipino students falling behind in reading, writing levels in ...
WEBDec 3, 2020 · Majority of Grade 5 students in the Philippines had a reading pro fi ciency level equivalent to that in the first years of primary school, with 27% of the students still at the level (the lowest in band scale of 2 and below to 6 and above) where they can only “match single words to an image of a familiar object or concept.”. Only 29% of grade 5 learners in the country are at the level ...
The economic legacy of Marcos - BusinessWorld Online
WEBMar 6, 2022 · The most fervent of Marcos’ supporters will refer to his two-decade-long administration as being a “golden age” for the Philippine economy. They highlight the growth during the martial law years: From 1972 to 1981, the country grew at an average rate of 5.71%. But from 1965 to 1985, the country’s real …
Philippine wages, skill gaps remain top concerns this year
WEBJan 10, 2023 · Minimum wage earners who work five days a week earn P11,400 monthly, which is lower than the average monthly expenses of P15,666, it said, citing 2018 government data. “The best way to ensure a more equitable way of setting wages is by removing all restrictions for workers to organize, collectively bargain and to …
Clarifying invoicing requirements: RR No. 7-2024
WEBJun 17, 2024 · RR No. 7-2024 became a key regulation in implementing EoPT, serving as a framework to guide taxpayers in navigating the new Invoicing requirements. While the implementation of EoPT may be challenging, the BIR remains dauntless and patient in addressing taxpayer concerns by releasing timely …
NBI catches five people involved in BDO hacking incident
WEBJan 21, 2022 · The NBI presents the suspects in the BDO “Mark Nagoyo” hacking. The National Bureau of Investigation (NBI) on Friday announced the arrest of five individuals it said were involved in hacking over 700 bank accounts of Banco De Oro (BDO). It said the five people — three Filipinos and two Nigerians — were part of the Mark Nagoyo Heist ...
Improving the country’s healthcare reach and efficiency
WEBJan 31, 2022 · With the UHC law, every Filipino citizen is automatically enrolled in the National Health Insurance Program. Also, the report noted, the law calls for enhancing the effectiveness of health insurance by the major inflow of extra resources to health insurance from restructured sin taxes, as well as for improving local health systems and health infrastructure by means of extra resources to health ...
Bridging the digital divide in the Philippines
WEBJun 7, 2021 · The PayMaya executive pointed out three priorities in bridging the digital divide, namely bridging online and offline and vice versa; moving at an accelerated pace to include the unbanked sectors; and working on a bigger and deeper digital talent pool. “The solutions need to be built on automated and digital platforms that can serve large ...