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The Philippine government, through the National Economic Development Authority (NEDA), plans to put extra effort on attracting more manufacturing investors to strengthen the demand for blue-collar jobs in the country.

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The Philippines will continue to see robust growth in 2013 and 2014 based on strong domestic consumption and an increase in investments, but this expansion has yet to generate new jobs or reduce poverty levels, according to an updated Asian Development Bank (ADB) forecast.

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The Philippines, already in the limelight as one of the fastest-growing economies in the world, gained another vote of confidence from two global financial institutions with a fresh round of economic upgrades.

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The Philippines should start implementing sound policies to take advantage of its human resource wealth, while the country sits on a “demographic sweet spot” in the next few years.

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To fill the gap between the country's economic growth and poverty reduction, the Philippine government is called to pump prime job creation further.

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The Asian Development Bank (ADB) has raised to six percent its forecast gross domestic product (GDP) growth for the Philippines in 2013, from an earlier projection of five percent.

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                    [Title] => Philippine economy strong but unemployment remains challenge: ADB
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The Philippines remains one of the most resilient economies in Southeast Asia, but such growth is neither sustainable nor inclusive as joblessness remains a problem for most Filipinos.

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To prepare for the coming ASEAN common market in 2015, the Philippines should venture into product identification and diversification through the adaptation of country’s capabilities, existing products and connection to relative sectors.

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Economy-wide productivity, industrial upgrading and product diversification could further promote the Philippines’ competitiveness and efficiency in taking the road towards inclusive growth, an economist pointed out.

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                    [Title] => Industrial productivity ‘missing link’ in gov’t’s inclusive growth goal
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The Philippine government, through the National Economic Development Authority (NEDA), plans to put extra effort on attracting more manufacturing investors to strengthen the demand for blue-collar jobs in the country.

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The Philippines will continue to see robust growth in 2013 and 2014 based on strong domestic consumption and an increase in investments, but this expansion has yet to generate new jobs or reduce poverty levels, according to an updated Asian Development Bank (ADB) forecast.

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                    [Title] => Philippine economy strong but unemployment remains challenge: ADB
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                    [Title] => Phl has to ‘walk on two legs’ towards inclusive growth
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Economy-wide productivity, industrial upgrading and product diversification could further promote the Philippines’ competitiveness and efficiency in taking the road towards inclusive growth, an economist pointed out.

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abtest

Industrial productivity ‘missing link’ in gov’t’s inclusive growth goal

By Philexport | July 7, 2014 - 12:00am

No matter how prosperous the Philippine economy becomes, the country will still experience the “jobless growth” phenomenon of high unemployment and poverty levels, unless the full potential of the manufacturing...

Business As Usual

Phl to boost demand for blue-collar jobs

By Ehda Dagooc | March 4, 2014 - 12:00am

The Philippine government, through the National Economic Development Authority (NEDA), plans to put extra effort on attracting more manufacturing investors to strengthen the demand for blue-collar jobs in the c...

Freeman Cebu Business

Phl economy soars but no jobs created

October 21, 2013 - 12:00am

The Philippines will continue to see robust growth in 2013 and 2014 based on strong domestic consumption and an increase in...

Business

ADB, S&P hike Phl growth forecast

By Ted P. Torres | October 3, 2013 - 12:00am

The Philippines, already in the limelight as one of the fastest-growing economies in the world, gained another vote of confidence...

Business

Phl needs to prepare workforce as ‘sweet spot’ looms in 2 years

By Ehda Dagooc | August 24, 2013 - 12:00am

The Philippines should start implementing sound policies to take advantage of its human resource wealth, while the country sits on a “demographic sweet spot” in the next few years.

Freeman Cebu Business

Phl needs to pump prime job creation

By Ehda Dagooc | August 21, 2013 - 12:00am

To fill the gap between the country's economic growth and poverty reduction, the Philippine government is called to pump prime job creation further.

Freeman Cebu Business

ADB hikes Phl growth forecast

By Ted P. Torres | April 10, 2013 - 12:00am

The Asian Development Bank (ADB) has raised to six percent its forecast gross domestic product (GDP) growth for the Philippines in 2013, from an earlier projection of five percent.

Business

Philippine economy strong but unemployment remains challenge: ADB

April 9, 2013 - 7:00pm

The Philippines remains one of the most resilient economies in Southeast Asia, but such growth is neither sustainable nor inclusive as joblessness remains a problem for most Filipinos.

Headlines

Phl must strengthen products and create new demands — economist

By Grace Melanie L. Lacamiento | November 26, 2012 - 12:00am

To prepare for the coming ASEAN common market in 2015, the Philippines should venture into product identification and diversification through the adaptation of country’s capabilities, existing products and...

Freeman Cebu Business

Phl has to ‘walk on two legs’ towards inclusive growth

By Grace Melanie L. Lacamiento | November 15, 2012 - 12:00am

Economy-wide productivity, industrial upgrading and product diversification could further promote the Philippines’ competitiveness and efficiency in taking the road towards inclusive growth, an economist pointed...

Freeman Cebu Business