The Payapa at Masaganang Pamayanan Program (PAMANA) through the Department of Budget and Management has approved an additional ₱745.5 million to bolster peace and development activities throughout the country.
Economic Issues
The Impact Of Typhoon ‘Pablo’ On Domestic Economy, Minimal – NEDA
National Economic and Development Authority (NEDA) Director General, Arsenio Balisacan stressed that the impact of typhoon ‘Pablo’ on the domestic economy will be only minimal, at about 0.3 percent of GDP amounting to P32 billion.
SB 3123 Aims To Address AMLA Deficiencies By Criminalizing Money Laundering
The Senate approved previous amendments to Anti Money Laundering Act (AMLA) in two tranches, SB 3009 which allows the Anti-Money Laundering Council (AMLC) to look into the bank accounts of suspected money launderers without notifying them and SB 3127 which criminalizes the terrorist financing.
OTOP Aims To Promote Entrepreneurship & Job Creation In Philippine Countryside
The Department of Trade and Industry (DTI) have aligned the One Town One Product (OTOP) with the various industry clusters to develop innovative and globally competitive enterprises and make them contribute significantly to employment generation and inclusive growth to spur economic development in the country side.
Post Office Aside From Its Mail Delivery, Plans To Add Basic Banking Services
The plan by the Philippine Postal Corporation (PhilPost) to add basic banking services to their Post Offices all over the country is a welcome development.
OFW Families Dependent On Remittances Have Now Learned To Save
Filipino households that depend on remittances from loved ones abroad are getting into the habit of saving, according to a recent Bangko Sentral ng Pilipinas (BSP) survey.
Philippine Economy Is Becoming Less Dependent On Remittances From Overseas Filipinos – NEDA
Filipino migrant workers contribute significantly to the Philippines economy through their remittances.
Fiscal Austerity Measures Are Hurting Job Markets, Predict Rise In Global Unemployment Worldwide – ILO
The International Labor Organization (ILO) has warned that fiscal austerity and labor market reforms had a ‘devastating consequences’ for employment worldwide.
Australia Lures U.S. Skilled Workers To Work In Its Booming Mining & Gas Industries
Australia is changing its immigration policy to attract more skilled workers from the U.S. to fill posts in its booming mining and gas industries.
China’s Economy Is At Slowest Pace Since More Than Two Years Back
China has previously been one of the fastest-growing economies in recent years.