By Ben O. de Vera
To bolster manufacturing and generate more jobs in this sector, the government is considering lowering import duties further, which may lead to reduced raw material and equipment costs.
By Paolo G. Montecillo
The country’s fight against poverty is set to receive a major boost following the announcement of a new World Bank partnership with the Philippines that would result in more than $1 billion in aid finance every year until 2018.
By Doris C. Dumlao
, Riza Olchondra
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.
By Amy R. Remo
The Philippine Chamber of Commerce and Industry, the country’s biggest business organization, has pressed the enactment of a Competition Law to further boost investments and employment as well as ensure inclusive growth.
By Michelle V. Remo
The government has conceded that the Philippines will miss its 2015 Millennium Development Goal on poverty reduction. Under the updated medium-term Philippine Development Plan, the government has reset its poverty rate target to a range of 20 to 23 percent by 2015, or higher than the 16.6 percent committed under the MDG.