PH growth in Q2 meets expectations

MANILA (Mabuhay) — Philippine economic growth met expectations, picking up from their lowest levels in three years, thanks to services and industry, consumer spending and investment. Gross domestic product increased 5.6 percent in the second quarter, compared with a revised...

Palace bids to double efforts to regain PHL’s economic glory

MANILA (Mabuhay) – Malacañang on Thursday vowed sustained efforts to further buoy the domestic economy following its recovery in the fourth quarter of 2014. The National Economic and Development Authority (NEDA) reported that growth in the last quarter of last year grew by 6.9...

PHL economy bounces to 6.9% in Q4, second fastest growing economy in 2014

MANILA (Mabuhay) – The Philippine output rebounded sharply in the fourth quarter last year, growing as the second fastest economy in Asia – next to China – for the whole of 2014. This is on the back of the robust growth of the three productive sectors and the fulfillment of...

Congress to pass 13th month pay exemption hike, 8 other bills, before Christmas break

MANILA (Mabuhay) – Senate President Franklin Drilon said on Tuesday that Congressional leaders have agreed to tackle and pass a host of key measures before the Christmas break, including laws to purge unfair business practices, and to increase the take-home pay of workers in the...

DOF: Easing inflation to boost PHL growth

MANILA (Mabuhay) – The slowdown in inflation in September will help boost the country’s economic growth in the second semester of the year, Finance Usec. and Chief Economist Gil Beltran said Thursday. Beltran said the easing inflation allows the Bangko Sentral ng Pilipinas (BSP)...

SoCal representatives to FYLPRO off to Manila

Los Angeles – Rynn Chua and Edward Aparis are two (2) delegates from Southern California selected to participate in the 2014 Filipino American Youth Leadership Program (FYLPRO) and to take part in an immersive program in the Philippines from 24 to 28 July 2014. The FYLPro is an...

Tacloban building back better after Haiyan

ATLANTA, Georgia – In order to move forward, it is not enough to just build back. We need to build back better. This was the message of Philippine Chamber of Mines President Phillip Romualdez American corporate executives and investors who attended the 3rd Philippines Private...

DOLE creates TWG to formulate measures for effective adoption of the Skilled Occupational Shortage List

MANILA  (Mabuhay) – The DOLE will extensively consult its stakeholders and partners, and go industry-by-industry to be very specific and precise what skills should be in the Skilled Occupational Shortage List (SOSL). Labor and Employment Secretary Rosalinda Dimapilis-Baldoz said...

PHL to host 5th World Ecotourism Conference in Cebu

Marine ecotourism will be at the centerpiece of this year’s three-day 5th World Ecotourism Conference that will be held in the island-province of Cebu February 20-22. With the theme, “Marine and Coastal Ecotourism: Oceans of Uncertainties, Waves of Opportunities,” the 5th World...

Pasig lawmaker pins hope on BPO firms to create jobs in 2014-2016

MANILA (Mabuhay) – Business process outsourcing (BPO) firms are expected to generate roughly 124,000 full-time jobs on average over the next three years, Pasig City Rep. Roman Romulo, an industry supporter, said in a statement Wednesday. “Based on sectoral projections… BPO...
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