By Rolando T. Dy
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.
By Amy R. Remo
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.
By Riza T. Olchondra
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 [...]
By Riza T. Olchondra
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.
By Michelle V. Remo
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.
By Germelina Lacorte
, Judy Quiros
, Karlos Manlupig
The World Bank said the big number of unemployed and underemployed in the Philippines was the big challenge for the Aquino administration.
By Ana G. Roa
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).