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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 »

Economists urge gov’t to focus on job creation, peso appreciation

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As inflation is seen to remain tame or at least within the official target band, the government should focus on other important issues, particularly employment, to achieve its aim of inclusive growth, private economists said.

Posted: February 7th, 2013 in Latest Business Stories | Read More »

WB urges gov’t to jack up infrastructure spending

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The World Bank wants the Philippines to jack up spending for infrastructure, adding that it is willing to extend whatever amount of loan the government will need to achieve the agenda of investment generation and job creation.

Posted: February 5th, 2013 in Headlines | Read More »

Gov’t urged to focus on job creation

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The World Bank said the big number of unemployed and underemployed in the Philippines was the big challenge for the Aquino administration.

Posted: February 4th, 2013 in Editor's Pick,Headlines | Read More »

Let peso weaken further, gov’t urged

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The government still has room to let the peso depreciate further so that it can stimulate job creation throughout the country, according to an economist of the University of Asia and Pacific (UA&P).

Posted: October 16th, 2012 in Headlines | Read More »

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