The global unemployment rate will increase to 5.8 percent representing 3.4 million people or a total of 201.1 million, according to the World Employment and Social Outlook-Trends 2017 report recently released by the International Labor Organization. This gloomy picture is attributed to the weak economic growth in many regions, in particular Sub-Saharan Africa, Latin America […]
Read MoreMANILA, Philippines – The government’s efforts to improve the Philippines’ air connectivity with other countries will continue to stimulate increased tourist arrivals in the country this 2017, a senior official of the Department of Tourism (DOT) said. Tourism Undersecretary for development planning Benito Bengzon told The STAR the country would achieve its 6.5 million foreign […]
Read MoreThe Philippines will have to ramp up its total investment spending to an equivalent of 30 percent of gross domestic product (GDP) to achieve its goal of becoming an upper middle-income economy by 2022 and a high-income one by 2040, the socioeconomic planning body said over the weekend. As part of the target, the public […]
Read MoreAnother think tank has affirmed an emerging consensus that the Philippines’ short-term prospects remain upbeat but concerns are growing that politics and governance could threaten long-term growth. London-based research consultancy firm Capital Economics released a report on Friday saying it remains sanguine about the short-term outlook on the country’s fundamentals. Looking ahead, however, it said […]
Read MoreMORE needs to be done by the government and private sector in educating Filipinos for the country to achieve financial inclusion, the central bank’s 2014 Consumer Finance Survey (CFS) showed. The efforts must focus on improving banking services, retirement programs and policies, and regulation of “shadow banking,” results of the latest quadrennial survey on consumer […]
Read MoreCRUISE ship tourism grew by more than 50 percent in the past five years, a development the government intends to bank on by putting in place a strategy for the tourist-cruising sector to further boost growth. “In the last past five years tourist-cruising has grown at a rate of 52.5 percent,” Tourism Assistant Secretary Maria […]
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