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WEBPhilippines’ growth outlook clouded by inflation risks. THE Philippines is likely to continue its stable growth trajectory in the medium term, although inflation and elevated interest rates remain major risks to this outlook, analysts said.
Philippine wages, skill gaps remain top concerns this year
WEBJan 10, 2023 · Minimum wage earners who work five days a week earn P11,400 monthly, which is lower than the average monthly expenses of P15,666, it said, citing 2018 government data. “The best way to ensure a more equitable way of setting wages is by removing all restrictions for workers to organize, collectively bargain and to …
Filipino students falling behind in reading, writing levels in ...
WEBDec 3, 2020 · Majority of Grade 5 students in the Philippines had a reading pro fi ciency level equivalent to that in the first years of primary school, with 27% of the students still at the level (the lowest in band scale of 2 and below to 6 and above) where they can only “match single words to an image of a familiar object or concept.”. Only 29% of grade 5 learners in the country are at the level ...
Addressing the Philippines’ learning crisis - BusinessWorld Online
WEBSep 5, 2022 · WB estimated that due to learning losses, an average annual earning per student will decrease by $893 to $1,137, or a loss of present value of individual lifetime earnings by $16,287 to $20,752. Further on the pandemic’s impacts, WB observed that an additional 1.6 million students were out of school in 2021 as overall basic education ...
Improving the country’s healthcare reach and efficiency
WEBJan 31, 2022 · With the UHC law, every Filipino citizen is automatically enrolled in the National Health Insurance Program. Also, the report noted, the law calls for enhancing the effectiveness of health insurance by the major inflow of extra resources to health insurance from restructured sin taxes, as well as for improving local health systems and health infrastructure by means of extra resources to health ...
Philippines may benefit from new globalization
WEBFebruary 11, 2021 | 12:32 am. THE PHILIPPINES could benefit substantially from the ongoing massive shift in global trade, with the services sector likely to see the most gains, the Asian Development Bank (ADB) said. While the coronavirus pandemic and lockdowns disrupted global economy and trade, the ADB said Asia should adopt stronger trade ...
Clarifying invoicing requirements: RR No. 7-2024
WEBJun 17, 2024 · RR No. 7-2024 became a key regulation in implementing EoPT, serving as a framework to guide taxpayers in navigating the new Invoicing requirements. While the implementation of EoPT may be challenging, the BIR remains dauntless and patient in addressing taxpayer concerns by releasing timely …
A look back at the PNoy administration - BusinessWorld Online
WEBJun 24, 2021 · Marcos compensation bill ; Mr. Aquino signed the Human Rights Victims Reparation and Recognition Act on Feb. 25, 2013, the 27th anniversary of the People Power Revolution that toppled the Marcos dictatorship in 1986. Under the legislation, P10 billion in funds from the alleged ill-gotten wealth of …
BPO Philippines: A shift to higher value services
WEBDec 23, 2021 · The Philippines’ success as a BPO haven has seen it emerge as a global leader in providing value-added business processes and outsourcing services in the last twenty years. The country is ranked second overall in the world as an outsourcing destination, and number one for voice-related services. With the rise of AI however, BPO companies in ...
The economic legacy of Marcos - BusinessWorld Online
WEBMar 6, 2022 · During the fi nal years of the Marcos regime, the economy crashed with negative growth of 7.04% in 1984 and -6.86% in 1985. The adverse economic impact was so significant and deeply rooted that the Philippines became the “Sick Man of Asia” for two decades. Consistent high growth came only 25 years later during Noynoy Aquino’s term and ...