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Unemployment worsens to 7.5%

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Job fair in SM City Davao. INQUIRER MINDANAO FILE PHOTO

The Philippines’ unemployment rate rose to 7.5 percent in January from 7.1 percent a year ago, the Philippine Statistics Authority announced Tuesday.

Posted: March 12th, 2014 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

Neda updates strategies to generate jobs

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Economic Planning Secretary Arsenio Balisacan: There is need to improve the skill sets of the poorest families. INQUIRER FILE PHOTO

Admitting that economic growth alone was not “sufficient” to reduce poverty, Socioeconomic Planning Secretary Arsenio Balisacan laid down, on Monday, the government’s “updated” strategies to ultimately achieve inclusive growth.

Posted: February 17th, 2014 in Latest Business Stories | Read More »

PH seen strong enough to withstand capital flight

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The economy’s strong fundamentals may enable the Philippines to withstand the massive outflow of portfolio capital, and even attract long-term investments, the National Economic and Development Authority said.

Posted: February 15th, 2014 in Headlines | Read More »

Neda sees surge in foreign investments

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The National Economic and Development Authority expects an accelerated increase in foreign direct investments this year, saying foreigners would likely follow the lead of locals in doing more business in the country.

Posted: January 31st, 2014 in Editor's Pick,Headlines | Read More »

Gov’t to focus on exports following 2013 economic gain – Palace

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Communications Secretary Herminio Coloma. INQUIRER FILE PHOTO

The recent success of the country in the Gross Domestic Product race in Asia has been second only to superpower China.

Posted: January 30th, 2014 in Latest Business Stories | Read More »

Neda says PH to gain from weak peso

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The country’s chief economist said the recent weakening of the peso should be viewed positively, adding that this augured well for the local manufacturing sector and would help generate badly needed jobs.

Posted: January 19th, 2014 in Headlines | Read More »

NEDA: Growth to slow down through Q1

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The country’s growth will continue to be slow because of Supertyphoon “Yolanda,” the effects of which will be felt through the first quarter of 2014, said the National Economic and Development Authority.

Posted: December 26th, 2013 in Editor's Pick,Headlines | Read More »

Neda sees no asset price bubble

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The National Economic and Development Authority (Neda) has maintained that the Philippines, which has become one of the fastest growing Asian economies, is not facing threats of an asset price bubble.

Posted: December 24th, 2013 in Headlines | Read More »

In reducing poverty, PH needs to balance economy

The government is keen on “rebalancing” the economy over the next three years, playing up the output from investments rather than consumption.

Posted: December 22nd, 2013 in Headlines | Read More »

Foreign donors to meet for rehab fund

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Survivors walk past damaged homes at typhoon-hit Tacloban city, Leyte province, on Saturday, Nov. 16, 2013. The Bangko Sentral ng Pilipinas has approved a fresh set of regulatory relief measures meant to help banks affected by Supertyphoon “Yolanda” normalize their operations.  AP PHOTO/AARON FAVILA

The government is planning to spend P130 billion next year for the reconstruction and rehabilitation of areas devastated by Supertyphoon “Yolanda.”

Posted: December 17th, 2013 in Editor's Pick,Headlines | Read More »

Economic growth for 2013 seen at 6.5-7%

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The Philippine economy, which recently became one of the fastest growing in Asia, is expected to hit the government’s official growth target and expand by 6.5-7 percent this year.

Posted: December 17th, 2013 in Headlines | Read More »

Manufacturing sector seen growing further

The National Economic and Development Authority expects the manufacturing sector to sustain its double-digit growth pace next year.

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

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