Displaying all posts for Economy

The Grim Reality Behind the Philippines’ Economic Growth

By Jillian Keenan/theatlantic.com – In a neighborhood of so-called “Asian tigers,” the Philippines has quietly emerged as the region’s newest economic darling. At 6.6 percent, the Filipino economy’s current GDP growth rate is the second highest in Asia, behind only China’s. That growth is projected to continue over the next Read more »

Kris Aquino tops BIR list of individual tax payers

By Danessa Rivera/GMANews – Kris Aquino paid the government P49.87 million in income tax for her 2011 earnings, making her the top individual taxpayer in the Philippines, more than P11 million more than the second highest tax payer, relatively obscure business executive Gregory Deane Reicho. The Sunpower Philippines vice Read more »

Is the Philippines the Next Tiger Economy?

By Richard Javad Heydarian – As emerging economic giants of Brazil, Russia, China, and India whimper, global investors are increasingly enthralled by the bang of more compact, democratic and dynamic economies. A combination of robust domestic spending, macroeconomic buoyancy, and labor-market flexibility has more than compensated for their smaller Read more »

Philippine economy can’t do without OFW remittances – Neda

By Cai U. Ordinario/rappler.com -The Philippine economy can only become less dependent on Overseas Fillipino Workers (OFWs) remittances but not completely independent from it. In a statement on Monday, September 10, the National Economic and Development Authority (Neda) has become less dependent on remittances from overseas Filipinos in the Read more »

‘Philippines’ minimum wage already one of highest in Asia’

By Alvin Elchico, ABS-CBN News – The Philippines has the highest wages for workers among third world countries in Asia, according to the Employers Confederation of the Philippines (ECOP).

8 in 10 Pinoy households don’t have bank accounts

By Cathy Rose A. Garcia, ABS-CBNnews.com – Eight in 10 Filipino households (78.5%) do not have deposit accounts, according to the first Consumer Finance Survey (CFS) conducted by the Bangko Sentral ng Pilipinas.