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Employment situation in PH still bad despite high economic growth–ADB, ILO

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employment

Despite the country’s impressive economic growth, which averaged 5.4 percent a year during the past decade, the overall labor market scenario has been “less positive,” limiting progress on social development and inclusive growth, a joint study by the International Labor Organization (ILO) and the Asian Development Bank said.

Posted: October 9th, 2014 in Latest Business Stories | Read More »

BIR to appeal local court ruling exempting Filipino ADB employees from income tax

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Internal Revenue Commissioner Kim Henares. INQUIRER FILE PHOTO

The government shall appeal the Mandaluyong court ruling stating that Filipino employees of the Manila-based multilateral lender Asian Development Bank (ADB) are exempted from paying income taxes.

Posted: October 2nd, 2014 in Latest Business Stories | Read More »

ADB: Weak governance, corruption stunt development

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The government, through a loan assistance of about P3 billion from the Asian Development Bank, intends to put up an insurance company that will likely be under the Public Private Partnership program framework. AFP FILE PHOTO

As Asian countries make their trek towards greater prosperity, the region’s top development agency stressed the importance of governance reforms, which should complement economic policies to ensure sustainable growth.

Posted: September 30th, 2014 in Headlines,Latest Business Stories | Read More »

ADB slashes PH GDP forecast for 2014

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Asian Development Bank (ADB). AFP PHOTO

The Asian Development Bank (ADB) has reduced its growth forecasts for the Philippines for this year and the next, citing slower government spending and the rise in the prices of basic goods.

Posted: September 26th, 2014 in Editor's Pick,Headlines | Read More »

PH ranks low in innovations index

FILE PHOTO

A new index ranks the Philippines as one of the least efficient among Asian countries in turning the building blocks of creativity into tangible innovations that benefit their economies and people.

Posted: September 13th, 2014 in Latest Business Stories | Read More »

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