MANILA, Philippines — Philippine universities currently do not produce enough graduates suited for advanced jobs in the business process outsourcing (BPO) industry, a challenge that has to be addressed if the country wants to maintain leadership in the global market and prevent job loss amid increasing automation, the Asian Development Bank (ADB) said. In a […]
Read MoreMANILA, Philippines — Inflation likely accelerated in April at a range of 3.9 to 4.7 percent due to higher rice prices, rising pump prices of petroleum products and more expensive electricity rates, the Bangko Sentral ng Pilipinas (BSP) said yesterday. The central bank’s Department of Economic Research said last month’s inflation forecast was higher than […]
Read MoreMANILA, Philippines — British banking giant HSBC has played down fears the Philippines is the most at risk from overheating among countries in the Association of Southeast Asian Nations (ASEAN). In its latest ASEAN Perspectives titled “Mind the output gap,” HSBC said the Philippine economic growth remains grounded on solid fundamentals. Most market watchers fear […]
Read MoreMANILA, Philippines — The strong macroeconomic fundamentals and government’s massive infrastructure build up is seen helping the Philippines survive external shocks through higher investments, the Bangko Sentral ng Pilipinas (BSP) said. BSP Deputy Governor Diwa Guinigundo said the strength of the country’s economy is anchored not only on foreign direct investments (FDIs), but also on […]
Read MoreMANILA, Philippines — The challenge of making economies more inclusive in today’s world of ever-changing and disruptive digital technologies has called for a serious rethinking of development banking strategies, the Department of Finance (DOF) said. Finance Secretary Carlos Dominguez said financial technology (fintech) is one “dynamic area” that development banking policymakers should look into as […]
Read MoreMANILA, Philippines — The Philippines needs to clarify its position on natural gas resources given the impending expiration of the franchise of the Malampaya gas field in 2024, a lawmaker said. “There is a need to clarify the government’s policy on our natural gas resources given the complexity of the industry, the current lack of […]
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