Developing economies, including the Philippines, are projected to have the weakest average growth in the first 25 years (2001–2025) of the century, and these countries will continue to grapple with growth setbacks in the next quarter, the World Bank said. According to the multilateral lender’s...
The House plenary hall (Contributed photo) The measure seeking to reorganize the National Economic and Development Authority (NEDA) into the Department of Economy, Planning and Development (DEPDEV), and reconstitute the NEDA Board into the...
The Chinese Foreign Ministry spokesperson on Tuesday, Jan. 14, asked the Philippine government to stop its “false accusations” regarding Chinese activities in the West Philippine Sea, stressing that the presence of an alleged “monster ship” from China in the disputed waters was “fully...
London-based HSBC projects that the Philippines and other Southeast Asian countries will deliver robust economic growth this year, with the peso remaining resilient despite a stronger US dollar. On Tuesday, Jan. 14, James Cheo, HSBC chief investment officer for Southeast Asia and India, projected...
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....
