Loading...
You are here:  Home  >  Economy
Latest

Job turnover in NCR improves in second half of 2021

By   /  June 24, 2022  /  Economy, Editor's Pick  /  No Comments

Metro Manila’s job turnover improved in the latter half of 2021, data from the Philippine Statistics Authority showed. The agency’s Labor Turnover Survey said the National Capital Region (NCR) reported turnover rates — the difference between the rate of hiring and the rate of job termination or resignation — of 0.7% and 0.6% in the […]

Read More →
Latest

NCR building materials price growth in March fastest in over 10 years

By   /  June 24, 2022  /  Economy, Editor's Pick  /  No Comments

RETAIL price growth of construction materials in Metro Manila accelerated to its fastest pace in more than a decade, the Philippine Statistics Authority (PSA) reported on Friday. Preliminary data from the PSA showed that retail price growth of building materials in the National Capital Region (NCR) rose by 4.8% year on year in March, higher […]

Read More →
Latest

Duterte orders dissolution of NDC-owned Cavite industrial estate

By   /  June 24, 2022  /  Economy, Editor's Pick  /  No Comments

PRESIDENT Rodrigo R. Duterte has ordered the dissolution of an industrial estate in Cavite after a follow-on project to be developed by the estate operator failed to materialize. The dissolution order was contained in a memorandum signed by Executive Secretary Salvador C. Medialdea on June 23, ending the corporate life of First Cavite Industrial Estate, […]

Read More →
Latest

No decision on BNPP; gov’t evaluating modular reactors

By   /  June 23, 2022  /  Economy, Editor's Pick  /  No Comments

THE Climate Change Commission (CCC) said studies are still ongoing to determine the fate of the Bataan Nuclear Power Plant (BNPP), in compliance with the executive order (EO) that gave the go-signal for tapping nuclear power. “We are aware that based on the EO, studies still have to be undertaken. That’s why we are also […]

Read More →
Latest

PEZA calls for agro-industrial, aquamarine ecozones on gov’t land

By   /  June 23, 2022  /  Economy, Editor's Pick  /  No Comments

THE Philippine Economic Zone Authority (PEZA) said 12 million hectares of government land needs to be tapped for agro-industrial and aquamarine economic zones (ecozones), to address the looming food crisis. PEZA Director-General Charito B. Plaza said in a statement on Thursday that “For years, we have been hearing of plans for production and food sufficiency, […]

Read More →
Latest

Agricultural trade deficit widens 40.3%

By   /  June 23, 2022  /  Economy, Editor's Pick  /  No Comments

THE DEFICIT in agricultural goods trade widened 40.3% year on year to $2.55 billion in the first quarter, according to preliminary data from the Philippine Statistics Authority. The fourth quarter 2021 deficit was $2.36 billion. Agricultural imports grew 33.4% year on year to $4.50 billion. Exports tallied $1.95 billion, up 25.3%. Total trade in agricultural […]

Read More →
Latest

BSP studying 3 key market infra technologies

By   /  June 23, 2022  /  Economy, Editor's Pick  /  No Comments

THE Bangko Sentral ng Pilipinas (BSP) is exploring three new technologies that will be crucial to the development of new financial market infrastructure (FMI), making the Philippines one of the more open jurisdictions in the region to new financial tools, the Asian Development Bank (ADB) said. The ADB said the BSP is currently developing proofs […]

Read More →
Latest

World Bank approves $178-million loan to support PHL efforts to curb malnutrition

By   /  June 23, 2022  /  Economy, Editor's Pick  /  No Comments

THE World Bank has approved a $178.1-million loan to the Philippines to support efforts to curb malnutrition, which has worsened due to the rising costs of food. The program, the Philippines Multisectoral Nutrition Project, will provide nutrition support and health services to help reduce growth stunting in infants and young children, in 235 municipalities with […]

Read More →
Latest

Most HR professionals see automation as key to making hybrid office policy work, study shows

By   /  June 23, 2022  /  Economy, Editor's Pick  /  No Comments

HYBRID workplace policies have become a key tool for retaining talent, and will require a corresponding investment in systems and services that enable such an environment, according to a survey of human resources (HR) practitioners conducted by Sprout Solutions. The HR services company said in a statement on Thursday that the top items on HR […]

Read More →
Latest

DA’s Dar urges more investment in irrigation

By   /  June 22, 2022  /  Economy, Editor's Pick  /  No Comments

THE next administration must ramp up investment in irrigation, starting with the retrofitting of dams to boost their capacity to capture more rainwater, Agriculture Secretary William D. Dar said. “There are many dams that were put up by the National Irrigation Administration (NIA). The problem at present is not the dams, but the limited capacity. […]

Read More →