Philippine economic growth in 2024 likely fell below the government's downscaled target as a string of strong typhoons prevented faster expansion, according to Moody's Analytics. In a Jan. 10 report, Moody's Analytics forecasted the Philippines' gross domestic product (GDP) to have grown by 5.7...
The Manila Economic and Cultural Office (MECO) in Taiwan is promoting to Filipinos job opportunities in the island that can offer at least P52,000 salary per month. Cesar Chavez, Jr., the country's labor attachè in Taiwan, said the Philippine government is urging Filipinos to take advantage...
Jobstreet by SEEK's latest report highlights key trends shaping the Filipino workforce: a strong focus on upskilling, work-life balance, and a fulfilling work environment. Despite a decrease in both unemployment and underemployment, signaling a robust job market, Filipino workers are pushing for...
While the East Asia and Pacific region has driven the reduction of the Global Prosperity Gap (GPG), the Philippines remains classified as a country with high inequality, World Bank data revealed. According to a World Bank blog published on Jan. 8, the region has greatly contributed in closing...
Think tank Oxford Economics sees the Philippines and other emerging markets (EMs) continuing to dominate the global growth rate rankings in the next two years. According to Oxford Economics, the Philippine economy will expand by 13 percent by 2026, which would allow the country to secure the 11th...
While other developing countries in Southeast Asia could suffer severely from looming US tariff rate hikes, HSBC sees the Philippines as well-positioned to weather these risks. During a media briefing on Jan. 8, Aris Dacanay, ASEAN economist at HSBC Philippines, said that unlike its neighboring...
The Philippine economy stands out as a global outperformer, bolstered by robust domestic consumption and a favorable demographic profile, BDO Unibank said in a briefing for Japanese business leaders. The bank noted that “despite facing global headwinds, the nation continues to demonstrate...
Software developers, nurses, and...farmers? These are the jobs of the future, according to a new World Economic Forum (WEF) report that revealed which careers will thrive and which will disappear in the coming years. Based on the WEF’s "Future of Jobs Report 2025,” released on Wednesday, Jan....
Malacañang is concerned about the presence of China’s monster ship, a 165-meter long vessel and is the China Coast Guard’s (CCG) biggest ship, in its exclusive economic zone (EEZ) even as Manila continues to challenge its position there, Executive Secretary Lucas Bersamin said on Tuesday, Jan....
The Philippines is expected to sustain robust economic expansion in 2025 amid expectations of slower price hikes and lower interest rates boosting consumer spending, according to the think tank Capital Economics. "Strong consumption should ensure another year of solid growth in 2025," Capital...
The SM group is planning to significantly expand the SMX Convention Center Clark by 2026–2028 to boost its capacity to host large-scale events and address the growing demand in the region. SM Investments Corporation stated that this is made possible by its integrated property development...
The Philippines is consolidating state-run corporations in hopes they would attract and retain top talent by being competitive with private-sector salaries. The Organization for Economic Cooperation and Development (OECD) group of rich nations noted in a Dec. 11 report that the Philippine...
