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

July 7, 2014

MANILA, Philippines – 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 sector is developed. Read the rest of this entry »

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Why rising inequality is here to stay

July 3, 2014

PARIS – The economic inequality seen in recent years will only get worse over the coming decades as highly skilled workers reap bigger gains from technological advances, the OECD said on Wednesday. Read the rest of this entry »

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Strategies for inclusive development

June 29, 2014

The Philippines successfully concluded hosting the 23rd World Economic Forum on East Asia which highlighted the impressive economic gains under President Aquino’s administration. Read the rest of this entry »

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US says PHL must generate wealth from the ‘bottom of the pyramid’

June 23, 2014

THE United States is very interested to promote entrepreneurship and innovation around in the Philippines and other developing countries to address the inequality problems. Read the rest of this entry »

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Victories for transgender equality and the long road ahead

June 22, 2014

This speech was delivered by New York-based fashion model and transgender rights activist Geena Rocero at the Democratic National Committee LGBT leadership council’s annual gala in the United States on June 16, 2014. Read the rest of this entry »

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How the other half fear: Super-rich worry that their wealth is killing drive and ambition in their children

June 22, 2014

With millions of pounds in the bank, you might have thought the world’s super-rich wouldn’t have a care in the world.

But a new survey has revealed the top fears of the world’s wealthiest people, and one of the most common is that their money is their children’s ambition and drive to do well. Read the rest of this entry »

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Equality means business

May 30, 2014

There is a business case in pushing for equality as observed and practised by 670 global companies

“Men are hired on potential and women are promoted for performance.”

What a disturbing thought to think that in evaluating men and women, different standards apply. There seems to be an unconscious bias to rate men as leaders and bread winners while women are rated as homemakers or caretakers.
Men, please do not feel like this is the usual feminist statement. Please read on. There is a lot of sociology, culture and psychology involved than meets the eye. Read the rest of this entry »

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A Piketty problem?

May 24, 2014

THIS morning, the Financial Times leads with a striking allegation: “Capital in the Twenty-First Century”, the bestselling analysis of inequality by economist Thomas Piketty, is fundamentally flawed thanks to errors in the data backing the book. The story is based on work done by Chris Giles, economics editor of the paper. He writes that his interest in the data’s veracity was piqued by an apparent large disparity in the figure for the concentration of wealth ownership in Britain used by Mr Piketty and that reported by Britain’s Office for National Statistics. In a companion blog post, Mr Giles lays out the charges and concludes, “The conclusions of Capital in the 21st century do not appear to be backed by the book’s own sources.” A damning statement, if true. Read the rest of this entry »

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The grim reality behind the Philippines’ economic growth

May 20, 2014

The country is being heralded as the new Asian success story, but only an elite few reap the rewards.

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 few years, in part because Filipinos are in a “sweet spot” demographically: the Philippines has the youngest population in East Asia, which translates into lower costs to support a younger workforce and less economic drag from retirees. Last month, Fitch Ratings (one of the world’s three major credit rating firms) upgraded the Philippines to a “BBB-” with a stable outlook — the first time the Philippines has ever received investment-grade status and a huge vote of confidence in the Filipino economy. And last year, the World Economic Forum moved the Philippines up ten points to the top half of its global competitiveness ranking for the first time in its history. These economic improvements are in part due to President Benigno Aquino, whose steps to increase transparency and address corruption sparked renewed international confidence in the Filipino economy even during the global slowdown. Read the rest of this entry »

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Team San Miguel regains lead as Phl’s best-paid executives; Meralco comes in 2nd

May 2, 2014

Team San Miguel regains lead as Phl’s best-paid executives; Meralco comes in 2nd

San Miguel Corp. has regained the lead in executive compensation among listed companies for 2013, with Manila Electric Co. zooming up as a close second on the back of record management bonuses. Read the rest of this entry »