Monday, July 9, 2012
American financial giant Bank of America Merrill Lynch has upgraded its domestic economic growth outlook for the Philippines this year but tempered its outlook for 2013 as a challenging global environment is seen to affect exports.
The brain drain has become a bigger problem for the Philippines in the last 12 years, as the yearly exodus of people trained in science and technology (S&T) grew by about two and a half times from 1998 to 2009.
Thursday, July 5, 2012
The Philippine government will ban the deployment of overseas Filipino workers (OFW) to 15 countries for failing to meet the safety requirements of the amended Migrant Workers and Overseas Filipino Act, the head of the Philippine Overseas Employment Administration (POEA) said Tuesday.
Thursday, June 28, 2012
The Philippines' richest family said on Wednesday it was in talks with Australian billionaire James Packer and Macau gambling tycoon Lawrence Ho to develop a US$1 billion casino in Manila.
Wednesday, June 27, 2012
The Philippines' budget deficit soared in May, the government said Tuesday, but a senior economic official insisted there was still room to pursue higher spending to sustain economic growth.
Tuesday, June 26, 2012
The Philippine peso may not always maintain a strong stance, as seen in recent weeks, and is expected to depreciate in the coming months, eventually trading at 45 against the U.S. dollar by year-end, according to analysts.
Monday, June 25, 2012
The 40 richest people in the Philippines saw their wealth grow over US$13 billion to US$47.4 billion this year, thanks to a booming remittance-driven economy that outperformed most of the country's neighbors, according to the latest issue of Forbes Asia.
Tuesday, June 19, 2012
Global credit watchers may not grant the Philippines an investment-grade rating “any time soon” as the country needs to show further improvements in economic growth, according to DBS Group.
Thursday, June 7, 2012
The Philippines' aviation regulator announced Wednesday a ban on local airlines overbooking flights, following an outcry from would-be passengers who had been denied seats.
Wednesday, June 6, 2012
BDO Unibank, the Philippines' largest lender, launched a record US$1 billion rights offer Tuesday, as it looks to boost its capital base to comply with new global banking rules due to come into effect.