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.
Leading global financial institutions like the Asian Development Bank (ADB), Standard &Poor and Credit Suisse and Bank of America-Merrill Lynch were unanimous in their appraisal on the state of Philippine economy for 2012.
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.
Filipino migrant workers contribute significantly to the Philippines economy through their remittances.
The Philippines can venture on the fast growing multibillion dollar halal global market if given the needed technical assistance, logistics support and collaboration by the government, according to Secretary Bai Omera Dianalan-Lucman, chairperson of the National Commission on Muslim Filipinos (NCMF).
The move to create a government agency to exclusively cater for the needs of Overseas Filipino Workers (OFW) is a welcome development.
Brain drain has been around as early as 1950’s, where Filipino professionals has gone predominantly to the United States to seek for greener pastures and eventually enhancing their technical skills in their chosen profession.
Mabini, a town in Batangas, 130 kilometers south of Manila became a first class municipality last year in a government ranking of towns nationwide, leaping from its third class status.