The revitalization of the local automotive manufacturing industry is expected to generate as much as 300,000 new jobs under the Comprehensive Automotive Resurgence Strategy (CARS), a program that contains fiscal and nonfiscal incentives for Philippine carmakers.
By Jerry E. Esplanada
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.
Asian markets were mixed Monday after a strong US jobs report showed unemployment at a six-year low, while the dollar held on to most of the gains enjoyed at the end of last week.
By Kristine Felisse Mangunay
The construction of the fourth and final complex that will make up the Pagcor Entertainment City in Parañaque began last week.
Rovio, the Finnish maker of the popular mobile game “Angry Birds” announced on Thursday up to 130 job cuts, blaming flagging sales growth.