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DESPITE the record-low unemployment rate in December last year, economists and the Philippine Statistics Authority (PSA) are not convinced that the country already has a tight labor market. Based on the results of the latest Labor Force Survey (LFS), the PSA said the country’s unemployment rate averaged 3.1 percent in…
THE Technical Education and Skills Development Authority (Tesda) must be decoupled to focus on its regulator role and leave the provision of skills development programs to the private sector, an economist said. According to Alvin P. Ang, chairman of the Ateneo de Manila University Department of Economics, the national government…
IT must be mentioned that the Philippine Development Plan (PDP) 2023-2028 aims to promote an inclusive, innovative, and healthy financial sector. So, the following outcomes will be pursued by the government: 1) financial inclusion broadened and deepened; 2) financial innovation strengthened and accelerated; and 3) financial sector health ensured. In…
ORGANIZATIONAL challenges, fragmented programs, and lack of data continue to hamper the reintegration services of the government, making it the “weakest link” in the country’s migration governance, according to a new study from Friedrich Naumann Foundation. The 22-page paper, entitled Post-Pandemic Reintegration Efforts for Overseas Filipino Workers written by Alvin P. Ang, Marie T. Magante,