ECONOMIC GROWTH could slow down to below 6% this year as public expenditure is expected to weigh on the country’s overall output, a Singapore bank said in a new report.
Sep 142015
Aug 142015
THE Philippines loses billions of pesos every year in foregone earnings due to out-of-school-children, a study made by the United Nations Educational, Scientific and Cultural Organization (UNESCO) revealed, with the amount equating to nearly one percent of the country’s gross domestic product (GDP).
Jul 232015
THE PHILIPPINES has committed to increase tax collections to ensure it meets the norms outlined in a post-2015 sustainable development goal agenda, the Finance department yesterday said.
Jul 012015
FISCAL transparency in the Philippines is generally compliant with standards set by the International Monetary Fund (IMF), with the lender also indicating that reforms could further improve the country’s scores.
Jun 112015
THE PHILIPPINES has a good chance of meeting the compliance requirements of the Extractive Industries Transparency Initiative (EITI), according to the organization’s chair, Clare Short, who noted that the country’s first report was an “impressive start.”
May 032015
THE PHILIPPINES registered a slightly improved score in an index measuring social progress, with gains recorded across all indicators from the year-earlier period.
Dec 112014
EUROPEAN Union (EU) representatives on Thursday highlighted opportunities for deeper trade and investment ties between the Philippines and the EU, in light of the country’s prospective admittance to an expanded tariff-reduction scheme, amid a continuing push for a free trade agreement.
Nov 202014
THE PHILIPPINES is being groomed as the hub in Asia for integrated circuit (IC) design, as local and foreign institutions team up to establish a competitive digital niche in the region.
Nov 132014
THE TOURISM department said it expects to hit its target of 6.8 million foreign tourist arrivals in the country by yearend despite the effects of typhoon Yolanda (international name: Haiyan) and travel advisories imposed by some countries.
Sep 222014
THE PHILIPPINES ranked 57th among 132 countries surveyed for household broadband penetration in 2013, a report by the United Nations (UN) Broadband Commission published yesterday showed, noting that only around 23 of 100 Filipino homes have access to broadband Internet.