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Rizal Microbank’s lending receives support from IFC

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International Finance Corp., the private sector funding arm of the World Bank group, will team up with Davao-based Rizal Microbank to boost lending to small farmers with the goal of creating jobs and reducing poverty in Mindanao.

Posted: April 23rd, 2014 in Headlines | Read More »

IFC supports lending activity of RCBC unit

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International Finance Corp., the World Bank’s private sector funding arm, seeks to help create new jobs and reduce poverty in Mindanao by supporting the agribusiness lending of Rizal Microbank, a thrift bank owned by Rizal Commercial Banking Corp.

Posted: December 16th, 2013 in Headlines | Read More »

Job creation is not a walk in the park

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The economy is growing but jobs are not increasing. Jobless growth is widespread in many countries. It is a worry in the European Union and the United States, and a deepening concern of President Aquino. In the past, economic growth is highly correlated with job creation. This is no longer the case. This lack of correlation runs counter to inclusive growth.

Posted: November 25th, 2013 in Columnists,Inquirer Columns | Read More »

Roadblocks stunt job creation in PH

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Limitations on foreign ownership, high minimum wages, low agricultural productivity and an “unrealistic” foreign exchange rate continued to hamper the Philippines’ bid to boost its manufacturing sector, which is deemed critical in generating much-needed, high-value jobs.

Posted: November 15th, 2013 in Headlines | Read More »

Better training, internships urged

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MANILA, Philippines—The National Economic and Development Authority (Neda) urged stronger education and internship programs for job-generating sectors.   These are agribusiness, manufacturing, tourism, IT-Business Process Outsourcing (BPO), housing, infrastructure and logistics, Neda said in a statement.   Socioeconomic Planning Secretary Arsenio M. Balisacan, who is also Neda director-general, said stronger coordination between government agencies and [...]

Posted: May 20th, 2013 in Latest Business Stories | Read More »

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