Philippine education at ‘moderate’ risk

Source BusinessWorld

Poverty incidence in the Philippines, recorded at 18.1 percent of the population in 2021, is projected to ease to 17.1 percent this year thanks to recovering labor market indicators, according to the World Bank (WB)...

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The Bangko Sentral ng Pilipinas (BSP) may have to continue raising interest rates in tandem with the US Federal Reserve amid higher inflation and the peso depreciation, an International Monetary Fund (IMF) official said...

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The Monetary Board (MB) green lit for the third quarter this year just $178.1 million in public-sector foreign borrowing, which is intended to fund the national government’s multisectoral nutrition project...

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The Philippines is on track to strong recovery, Budget Secretary Amenah Pangandaman told international financial institutions in Washington...

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Even though government health schemes accounted for the biggest chunk of health spending in the country, Filipinos still accounted for second largest contributors with out-of-pocket expenses. And, according to the Philippine Statistics Authority (PSA), every Filipino spent nearly P10,000 a year for health-related goods and services in 2021...

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There has been a decline in the number of Filipino girls who became "child-bearing" in 2021, according to a study released by the University of the Philippines Population Institute...

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Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla said the BSP policy rate should at least be more than 100 basis points (bps) higher than US Federal Reserve rates to ensure stability in the peso-US dollar exchange rate...

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Exempting more products from the 12-percent expanded value-added tax (EVAT) may cause problems bigger than the one such a move seeks to address because it will mean a revenue loss of P86.4 billion for the government...

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The Department of Science and Technology (DoST) will beef up its campaign to lure Filipino scientists working abroad through programs and grants that will help them and their host institutions...

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‘Move It” mobile application-operator We-Load Transcargo Corp. has called on the government to “legitimize” roughly 200,000 Metro Manila-based habal-habal, a colloquial term for informal motorcycle taxis, as the industry “missed the opportunity” for a more inclusive and free market...

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How many SIMs can one person own and still be considered “reasonable” under the new SIM Registration Law?Government authorities will determine this as they hammer out the Implementing Rules and Regulations of the law signed by President Ferdinand Marcos Jr. last week...

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The Department of Trade and Industry said it is considering allowing price increases proposed by the Philippine Baking Industry Group for some baked goods...

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A bigger number of solo parents would soon start reaping the benefits of a new law that grants them food price discounts, tax exemptions, free legal aid, and medical care, tuition subsidies, parental leaves and other privileges. Camarines Sur Rep. LRay Villafuerte co-authored Republic Act 11861 or the Expanded Solo Parents Welfare Act, which is due for implementation in a month’s time...

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Amid a nationwide fare increase that took effect on Oct. 3, transport tickets purchased online must also be discounted, according to Isabela Rep. Inno Dy. “This is why mandated discounts should also be applied to tickets that are bought online,” he said. Dy is batting for the passage of House Bill No. 1142 or the Student Fare Discount Act of 2022...

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Senator Win Gatchalian has filed a Senate resolution seeking to unlock the gas potential of the West Philippine Sea to address the country’s import dependence for its energy requirements...

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The logistics industry is expected to benefit from artificial intelligence (AI), which can improve the customer experience, cut costs, and make operations greener, Indian software company Shipsy said...

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The ambassador of Denmark said the Philippines should reduce red tape if it wants to attract more foreign investors...

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An infectious disease expert said it is possible that the new Covid-19 Omicron subvariant XBB may already be in the country but has escaped detection because not enough test samples have been sequenced by the Philippine Genome Center...

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The Department of Trade and Industry (DTI), in partnership with the United Nations Industrial Development Organization (Unido) and Switzerland's State Secretariat for Economic Affairs (SECO), have formally agreed to the establishment of the Global Quality and Standards Program Philippines (GQSP) with regards to the standards and conformity assessment for personal protective equipment (PPE) and other medical devices...

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(First of two parts)

The education system in Finland has been highly regarded worldwide as it consistently ranks among the top countries in the Program for International Student Assessment (Pisa) and other third-party international studies...

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The World Health Organization is eyeing to end the global health emergency on COVID-19 by the end of the year, an official said, even as she acknowledged that more needs to be done given the “still high” pandemic numbers...

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Russia’s invasion of Ukraine and the resulting economic fallout have thrown four million children into poverty across eastern Europe and Central Asia, the UN children’s agency said Monday...

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Pope Francis said the need to reform the United Nations was "more than obvious" after the Covid-19 pandemic and the Ukraine war exposed its limits, in an extract of his new book published Sunday...

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Pakistan on Saturday summoned the US ambassador for an explanation after President Joe Biden described the South Asian country as "one of the most dangerous nations in the world" and questioned its nuclear weapons safety protocols...

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OPEC+ member states lined up on Sunday to endorse the steep production cut agreed this month after the White House, stepping up a war of words with Saudi Arabia, accused Riyadh of coercing some other nations into supporting the move...

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OPEC Secretary General Haitham al-Ghais said on Sunday that the group, alongside other producers that form the OPEC+ alliance, took purely technical decisions and that oil output cuts were a pre-emptive measure...

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Japan and other countries facing the fallout from a soaring U.S. dollar found little comfort from last week’s meetings of global finance officials, with no sign that joint intervention along the lines of the 1985 “Plaza Accord” was on the horizon...

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President Xi Jinping on Sunday vowed China would "never commit to abandoning the use of force" when it comes to the issue of Taiwan, in a speech marking the beginning of the Communist Party Congress in Beijing...

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Most patients with COVID-19 who have lingering symptoms at 12 months are likely to still have symptoms at 18 months, new data suggest. The findings are drawn from a large study of 33,281 people in Scotland who tested positive for the coronavirus. Most of the results are in line with those from earlier, smaller studies...

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Thousands of people took to the streets of Paris on Sunday to protest against soaring prices as weeks of strikes for higher wages at oil refineries spurred demands for a general strike...

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President Xi Jinping kicked off China’s five-yearly Communist Party Congress on Sunday with a wide-ranging speech defending Beijing’s zero-Covid approach, hailing its anti-graft efforts and reasserting its ambition to absorb Taiwan, by force if necessary...

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President Joe Biden dismissed the risks of a strong US dollar and instead blamed anemic growth and policy missteps in other parts of the world for dragging down the global economy...

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After a week hosting the International Monetary Fund’s annual gathering of economic leaders, Managing Director Kristalina Georgieva summed it up for the 190 member countries: “Buckle up, and keep going.”...

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Australian firm VGS & Associates Pty. Ltd. will be providing third party technical support and expertise for the continued operations of the Malampaya gas field project, primarily on the turnover of the facility to new operator Prime Exploration Pte. Ltd. which is owned by billionaire Enrique Razon...

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British lawmakers will try to oust Prime Minister Liz Truss this week despite Downing Street’s warning that it could trigger a general election, the Daily Mail reported...

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The Philippines is planning to institutionalize the 90-day validity of sanitary and phytosanitary import clearances (SPS-ICs) for imported meat products as the country adjusts to the “new normal” of global trade and logistics...

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The World Health Organization’s COVID-19 emergency committee has started discussions if the pandemic still warrants the highest level of alarm the UN health agency can sound...

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Astronomers have observed the brightest flash of light ever seen, from an event that occurred 2.4 billion light years from Earth and was likely triggered by the formation of a black hole...

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Subsidies extended to state-run firms by the national government (NG) in August plunged 64 percent year-on-year to P15.536 billion, the latest Bureau of the Treasury (BTr) data showed...

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The House Committee on Ways and Means wants Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla to explain how the country can boost its reserves and ensure that tightening monetary policy will not stifle economic growth...

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The government must ensure the welfare of construction workers and give them ample opportunities to upskill, especially those employed in government infrastructure projects touted to be among the drivers of economic recovery, senators said...

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The government expressed optimism that affordable and nutritious food would become accessible in the Philippines as nations observed World Food Day yesterday, an annual event that sheds light on the plight of people who cannot afford a healthy diet...

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Registering subscriber identity module (SIM) cards could be done in the same way like opening an account with a popular e-wallet platform, according to the top official of the Department of Information and Communications Technology (DICT)...

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The Department of Social Welfare and Development (DSWD) welcomes the result of the third quarter survey of PAHAYAG which showed that the Department is among the top 10 performing government offices of the new administration...

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Senate Minority Leader Aquilino Pimentel III on Sunday urged government-owned and -controlled corporations (GOCCs) to rein in their borrowings as he lamented that 30 percent of the Marcos administration’s proposed P5.3-trillion budget for 2023 will be for debts...

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President Ferdinand Marcos Jr. has again pushed for the creation of a new government body to efficiently manage the country’s water resources for drinking and irrigation needs...

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The Department of Health (DOH) is planning to intensify the government’s immunization program in the coming months and reach as many children as possible amid the threat of a measles outbreak...

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A marked shortage in fertilizer supply, both on a global and local scale, remains a big threat to food security. Dwindling fertilizer stock can also undermine the robustness of the productivity level of Philippine agriculture as soil nutrients are necessary for our crops to grow...

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The Commission on Elections (Comelec) is studying the possibility of expanding its incipient “Register Anywhere” system to government offices and private establishments to those who are busy at work on designated registration days...

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At least 1.7 million jobs per year would be generated under President Ferdinand Marcos Jr.’s six-year Pambansang Pabahay para sa Pilipino: Zero ISF 2028 Program...

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Sen. Christopher Lawrence "Bong" Go on Sunday pushed for more health facilities for the poor as he called for the establishment of specialty hospitals or centers nationwide...

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Manila’s North and South cemeteries have begun preparations for this year’s All Souls’ Day as COVID-19 restrictions further ease under the new normal...

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Saying that we occupy the same ‘suffering’ planet due to a climate emergency, Sen. Cynthia Villar said people “should learn to live in partnership to solve our biggest problems together.”...

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The Bangsamoro Government should promptly step in to contain a series of killings now feared to escalate into conflict in old settlements of residents coexisting for over a century...

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The Philippine Economic Zone Authority (PEZA) said the country has attracted nearly P40 billion in investments for 148 new and expansion projects in January to September...

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The exposure of Philippine banks to the volatile property segment eased slightly to 21.8 percent in the first half from 22.2 percent in the same period last year, according to the Bangko Sentral ng Pilipinas (BSP)...

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The country’s rice inventory inched up by 3.5 percent in August, the Philippine Statistics Authority (PSA) said...

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The open government partnership (OGP) initiative should be institutionalized to strengthen governance in the Philippines, Budget Secretary Amenah Pangandaman said...

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Capital markets investors are watching with caution the impact of the power regulators’ denial of San Miguel Corp.’s request to recover losses from higher coal costs...

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Oil companies are expected to jack up domestic fuel prices for the second straight week, but less than the increases it slapped last week, according to industry sources...

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The Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) remains optimistic about growth prospects this year despite the decline in the demand for office equipment...

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The Philippines is open to foreign investments, particularly in telecommunications, airports, toll roads and shipping, Finance Secretary Benjamin Diokno said...

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