MANILA, Philippines — The number of overseas Filipino workers contracted by nearly a fifth in 2020, demonstrating the pandemic’s damage on global job markets that, an analyst said, may take long to be fixed. There were an estimated 1.77 million migrant Filipino workers in 2020, according to results of an annual survey by the Philippine Statistics […]
Read MoreMANILA, Philippines — Local airlines are seeking assistance from the government in the form of reduction or non-increase of government-imposed fees and charges to mitigate the impact of rising fuel prices. Air Carriers Association of the Philippines (ACAP) chairman Bonifacio Sam said the increase in the prices of oil has affected the aviation industry. “We […]
Read MoreIn the global economy in which we live and work, it’s never really someone else’s war. While many Filipinos may feel that the war in Ukraine is far removed from them, the reality is we’re all impacted by what’s happening now and the longer this goes on, the more we’re going to feel the pinch. […]
Read MoreMANILA, Philippines — The agriculture industry is ready for private sector investments as the government continues to invite businessmen to invest in the country’s agriculture industry, according to Agriculture Secretary William Dar. “Our creativity led us to the transformations of Philippine agriculture we are quite proud of now, and we hope to kindle vibrant entrepreneurship […]
Read MoreMANILA, Philippines — The Philippine peso dropped past the P52 barrier for the first time since 2019 on Monday as Russia’s invasion of Ukraine continued to prop up the US dollar, triggering inflation concerns amid already high oil prices. The local unit shed 44 centavos from its previous finish to close at P52.18 against the greenback. Its […]
Read MoreMANILA, Philippines — Motor vehicle and motorcycle assembly and sales in the Philippines declined in January compared to a year ago, as a surge in COVID-19 cases due to the Omicron variant dampened consumer demand and affected operations. Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) showed the Philippines was among […]
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