THE Trade Union Congress of the Philippines has hailed Solaire Manila, the world-class fully-integrated resort and gaming complex in Paranaque City, citing the more than 4,600 new jobs the project will create. Read the rest of this entry »

VIEWED HISTORICALLY, the recent performance of the Philippine economy has actually been reassuring: Favorable trends include a declining public debt and fiscal deficit, recurring current account surpluses, low inflation, a healthy banking sector, and recent and forthcoming credit rating upgrades. Throughout the latest global economic shocks, remittances from oversees Filipino workers and revenues from the country’s vibrant business process outsourcing (BPO) services have helped the Philippines maintain a healthy growth rate. Remittances have also been the backbone of the strong, sustained growth of private consumption, domestic trade, and real estate, among others. Read the rest of this entry »

MANILA, Philippines – Here’s good news for fresh graduates and young professionals: almost all local job vacancies in the country this year are for the youth.

About 2.7 million job openings are available for 2012, according to Internet recruitment site JobStreet.com. Read the rest of this entry »

To hecklers who claim he is just “Noynoying” in his job, President Benigno Aquino III has one answer: the economy is on the right track and “many things” have happened in the country since he took over the presidency 21 months ago. Read the rest of this entry »

MANILA, Philippines — The National Economic and Development Authority (NEDA) has stressed that the quality of employment in January 2012 improved due to the expansion of remunerative wage and salary employment as well as the rebound of full-time employment growth. Read the rest of this entry »

Following the release of the results of the January 2012 round of the Labor Force Survey (LFS) by the National Statistics Office (NSO), the National Economic and Development Authority (Neda) said the quality of employment in the same period improved due to the expansion of remunerative wage and salary employment as well as the rebound of full-time employment growth. Read the rest of this entry »

Four of ten fresh graduates and young jobseekers who apply for vacancies are not hired because they lack three key qualities—critical thinking, initiative and effective communication skills—which the People Management Association of the Philippines (PMAP) informed hundreds at a job fair in a mall in Makati on Friday. Read the rest of this entry »

The improved performance of the labor market in 2011 bolsters the optimism for a better economy this year, according to Socioeconomic Planning Secretary Cayetano Paderanga Jr.

“Last year, the country generated more employment from the previous year. Employment level rose by 3.2 percent or 1.156 million, largely on the strength of the continued growth in services and the recovery in agriculture, although there was a slowdown in the industry sector,” said Paderanga during a Senate briefing this week. Read the rest of this entry »

Socioeconomic Planning Secretary Cayetano W. Paderanga Jr. on Thursday said the labor sector’s upbeat performance last year helped boost the economic outlook for 2012.

“The improved performance of the labor market in 2011 bolsters the optimism for a better economy this year,” National Economic and Development Authority (NEDA) director-general said in a statement. Read the rest of this entry »

MANILA, Philippines – Socioeconomic Planning Secretary Cayetano W. Paderanga, Jr. said more jobs are needed in the formal sector in spite of improved labor figures last year, a statement released Thursday by the National Economic and Development Authority (NEDA) noted. Read the rest of this entry »