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MANILA, Philippines — The umbrella organization of employers in the country believes it is best to leave decisions on wage increases, which have historically been implemented on a staggered basis, to the regional wage boards.
MANILA, Philippines — The proposed legislation for a P100 wage increase for private workers could shave up to 0.5 percentage point off the country’s economic growth and reverse gains made in lowering inflation and unemployment numbers, according to the National Economic and Development Authority (NEDA).
MANILA, Philippines — The US Agency for International Development (USAID) has launched a P1.6-billion ($30 million) program that will help the Philippines’ higher education system become more globally competitive.
MANILA, Philippines — The National Economic and Development Authority (NEDA) is opposing the proposed P100 legislated wage hike, saying this would hurt the country’s micro, small and medium enterprises or MSMEs.
MANILA, Philippines — The government is stepping up efforts to address price increases in basic commodities such as rice following a recent survey indicating that Filipinos are dissatisfied with efforts to manage inflation, according to the National Economic and Development Authority (NEDA).
MANILA, Philippines — Foreign investment pledges approved by investment promotion agencies (IPAs) surged by more than 127 percent to P394.45 billion in the fourth quarter of 2023 from P173.61 billion a year ago amid the country’s strong economic performance, according to the Philippine Statistics Authority (PSA).
MANILA, Philippines — The local government of Mandaue, Cebu is working with the Japan International Cooperation Agency (JICA) and two Japanese firms for a feasibility study to convert food waste to energy, soil conditioner or animal feeds to promote a circular economy and fight climate change.
MANILA, Philippines — The country’s unemployment rate in November declined to its lowest level since 2005, as more jobs were created by the increased economic activity during the holiday season.