Displaying all posts for Economy

Philippine peso at 7-year low on political concerns

via asiaone.com – The Philippine peso hit a seven-year low on Monday, extending its losses into a third week as market participants worried about the impact of President Rodrigo Duterte’s policies on capital inflows, ratings and international relations. Other emerging Asian currencies also slumped as risk sentiment soured, with Read more »

How Philippines is battling to cash in on coconut craze

By Tiffany Ap/for CNN – It’s hailed as a super food and its uses extends to hair conditioner and mosquito repellent. The world is having a love affair with all things coconut. As the world’s second biggest producer of the fruit, the Philippines is a major source of these products Read more »

Philippines struggles with unemployment despite economic growth

By Felipe Salvosa/Financial Times – Despite rapid economic growth in the Philippines in recent years, unemployment remains a persistent problem for the sprawling Southeast Asian nation of more than 100 million people. Under President Benigno Aquino, in office since 2010, unemployment has fallen. The latest figures show the rate at Read more »

Manila port gridlock constricts economy

via bworldonline.com – Philippine furniture maker Betiscrafts, Inc. should have delivered a shipment of custom-made chairs to Middle East customers last month. But a cargo from China of imported fabric needed for the upholstery has been held up by severe congestion at Manila’s main port, where containers have piled up Read more »

Sleepy Philippine Towns Wake Up to Answer World’s Phones

By Karl Lester M. Yap/bloomberg.com – Jennifer Ann Palmares-Fong has come home. Fifteen years after leaving Iloilo in the Philippines for the bright lights of Manila, she and her friends have been lured back as her once-quiet hometown is transformed. “Never in my wildest dreams did I expect there would Read more »

Strained Infrastructure in Philippines Erodes the Nation’s Growth Prospects

By Floyd Whaley/nytimes.com – Chris Ibasan travels only about five miles to work each day in one of Manila’s business districts, but it is often a grueling two-hour commute that gets him into the office late. “My manager understands,” said Mr. Ibasan, a 24-year-old shipping company employee. “Everyone is late; Read more »