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Aquino: PH economy can lose up to P23.3B in daily, 5-hour brownouts for 3 months

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President Benigno Aquino III. FILE PHOTO

President Benigno Aquino III on Wednesday warned that the economy could lose up to P23.3 billion in case of daily five-hour brownouts for three months next summer.

Posted: October 22nd, 2014 in Latest Business Stories | Read More »

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 »

Belmonte agrees with Bayan Muna on lack of inclusive growth

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Speaker Feliciano Belmonte. INQUIRER FILE PHOTO

Speaker Feliciano Belmonte has agreed with the view of the political opposition that the Aquino administration has failed to spread the benefits of a robust economy in the last four years to majority of Filipinos.

Posted: September 28th, 2014 in 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 »

Bangko Sentral expected to raise borrowing rate

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Bangko Sentral ng Pilipinas.  INQUIRER.net file photo

The Bangko Sentral ng Pilipinas will likely raise its overnight borrowing rate by a quarter of a percentage point to 4 percent in its monetary setting on Sept. 11 to “anchor” inflation expectations as domestic demand might recover this second semester, an economist from JP Morgan Chase bank said.

Posted: September 3rd, 2014 in Editor's Pick,Featured Gallery,Headlines | Read More »

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