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Crisis-driven gains seen in recession | Cai U. Ordinario

CRISIS creates opportunities and this time, the Philippines could be the beneficiary of such crisis-driven opportunities coming out of the recession in Japan and the United Kingdom, according to local economists. Nonetheless, they said, there are risks from this, especially to trade performance and the country’s remittance bonanza if a… ....

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PHL not a tight labor market—experts, PSA

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… ....

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'Growth benefits trickling down to poor takes time'

LIFTING the poor from poverty takes time and has been complicated by the pandemic which cost the economy three year’s worth of growth, according to the National Economic and Development Authority (Neda). In a briefing on Wednesday, Socioeconomic Planning Secretary Arsenio M. Balisacan said it has taken the economy 1.5… ....

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Flat farm growth in Q4, full year 2023 flags need for reform

THE country’s farm sector posted flat growth in the fourth quarter and full year of 2023 in terms of value, according to the latest data released by the Philippine Statistics Authority (PSA). Local economists said the latest farm growth data points to the need to immediately invest in technology and… ....

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Experts cite risks in DOF no-new-taxes stand

THERE can be no doubt about the capability of efficient tax collection in raising revenues, but in the Philippines, local economists said this could mean growth-hurting austerity measures and mounting debts while the government tries to make tax collection more efficient. Former National Economic and Development Authority (Neda) Secretary Dante… ....

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