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Continued innovation to help Philippines upgrade income status

MANILA, Philippines — The Philippines would have to ramp up its innovation strategies to ensure sustained upgrade of its goal toward a higha-income country status. Socioeconomic Planning Secretary Karl Chua, as chair of the first National Innovation Council (NIC) meeting, emphasized the need to promote innovative solutions and raise the country’s overall productivity. Chua said […]

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Thailand: Unemployment eases in Q4 of 2021

Thailand’s unemployment rate eased in the fourth quarter of last year, and bachelor’s degree holders still maintain the highest unemployment rate, according to the latest survey by the National Statistical Office. Piyanuch Wuttisorn, director-general of the National Statistical Office, reported on Monday 630,000 workers were left unemployed in the fourth quarter of last year, representing 1.6% […]

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Philippines: Banks awash with cash

No takers for rediscounting facility MANILA, Philippines — The peso rediscounting loan facility of the Bangko Sentral ng Pilipinas (BSP) has no releases in January as banks remain awash with cash. Rediscounting is one of the credit facilities offered by the BSP to qualified banks with active rediscounting lines to meet their temporary liquidity needs […]

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