Which economies have the highest working poverty rates?

Source: BusinessWorld

President Marcos has set a higher fighting target of 7-percent economic growth for the Philippines despite all the global headwinds this year as his chief private sector adviser expressed optimism that, under the current administration, the country could be be the “next big thing” in Asia...

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President Ferdinand "Bongbong" Marcos warned against protectionism on Tuesday, urging governments "to unwind any trade restrictions" as the world continues to grapple with high inflation...

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The chief of the International Monetary Fund (IMF) has praised the Philippines for being an “exceptionally well-performing country” despite its challenges and has expressed willingness to help the country attain sustainable growth, Malacañang said yesterday...

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Exceptionally well-performing. This was how International Monetary Fund (IMF) Managing Director Kristalina Georgieva described the country’s economic performance during her meeting with President Ferdinand R. Marcos Jr. on Tuesday...

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The Philippines is ready to deal with COVID-19 should the state of public health emergency that the government imposed more than two years ago in response to the pandemic be lifted, an infectious diseases specialist said on Wednesday...

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Philippine Presindent Ferdinand R. Marcos, Jr. on Wednesday pitched a still unapproved sovereign wealth fund measure to top business and world leaders at the World Economic Forum (WEF) in Davos, Switzerland, saying it would help diversify the country’s financial portfolio...

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Manufacturers of canned sardines, canned meat, instant noodles, and bread, among others, have requested price increases for their products, the Department of Trade and Industry (DTI) said...

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A deputy minority leader on Wednesday called on the Department of Justice (DOJ) to direct the National Bureau of Investigation to go against manipulators of farm prices and supplies...

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Sen. Christopher Lawrence "Bong" Go backed proposals to review Republic Act (RA) 11709 that establishes a fixed term and retirement age for officials of the Armed Forces of the Philippines (AFP)...

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A group representing tobacco companies in the Philippines called on the Bureau of Internal Revenue (BIR) to fully implement provisions of the Vape Law that specifically targets the proliferation of illicit vaporized nicotine products...

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President Ferdinand R. Marcos, Jr. promised a corresponding effort to upgrade cybersecurity alongside his government’s push to digitalize the bureaucracy, the Palace said in a statement...

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The global epidemic innovations fund said on Tuesday it was working with a vaccine manufacturer to create a patch using mRNA technology, which would be easier to use against the coronavirus...

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The Bangko Sentral ng Pilipinas’ (BSP) pilot project that tests the use of wholesale central bank digital currency (CBDC) among selected financial institutions will run until 2024, an official said on Wednesday...

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Philippine President Ferdinand Marcos said Wednesday that tension in the disputed South China Sea "keeps him up at night", but his country was committed to peace despite Beijing's territorial claims...

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President Ferdinand "Bongbong" Marcos Jr. said the Philippines' relationship with the United States (US) must "evolve" to respond properly to the "other forces that are coming out," especially around the South China Sea...

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In this ski resort town that hosts the annual gathering of the so-called global elites in the annual World Economic Forum (WEF), onions in grocery stores cost less than a third of their price in the Philippines...

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The Department of National Defense (DND) is considering getting some of the Mi-17 transport helicopters already manufactured in Russia in exchange for the P1.9-billion advance payment in the P12.7-billion chopper deal that was canceled near the end of the Duterte administration...

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The number of journalists killed worldwide in 2022 is up by 50 percent, following a decline over the previous three years, according to a United Nations Educational, Scientific and Cultural Organization (UNESCO) report...

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Global tourist arrivals doubled last year from 2021, and should reach near pre-coronavirus pandemic levels this year, thanks to the lifting of travel restrictions, especially in China, the United Nations' tourism body said on Tuesday...

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The owner of China-based cryptocurrency exchange Bitzlato was arrested in Miami on Wednesday, along with five associates in Europe, during an international operation against "darknet" markets...

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The head of the US Semiconductor Industry Association (SIA) is exploring the Philippines as a hub, noting that a recent US law encouraging tech companies to re-shore their operations will not rule out overseas production...

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China has returned to normal after lifting its coronavirus restrictions, a high-ranking Chinese official told the World Economic Forum (WEF) on Tuesday as he invited "international friends" to visit the East Asian country...

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Wall Street stocks tumbled Wednesday as traders weighed the latest US data showing slowing economic activity, while the yen retreated after the Bank of Japan decided against further tweaking monetary policy...

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A senior Ukrainian official blamed Russia on Tuesday for carrying out the bulk of more than 2,000 cyberattacks on Ukraine in 2022, speaking at a news conference that he said was itself delayed because of a cyberattack...

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The Bank of Japan (BoJ) on Wednesday maintained ultra-low interest rates, including a bond yield cap it was struggling to defend, defying market expectations it would phase out its massive stimulus program in the wake of rising inflationary pressure...

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Contrary to previous projections, no surge in COVID-19 hospital admissions was reported during or even after the Yuletide season, the Private Hospital Association of the Philippines Inc. (PHAPI) said yesterday...

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The proposed tax on luxury goods risks the departure from the Philippine market of luxury-goods brands, possibly undermining the Philippines’ appeal as a shopping destination, the Philippine Chamber of Commerce and Industry (PCCI) said...

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The Philippines—one of the most mineral-rich countries in the world—plans to unlock potential gains from the reopening of the mining industry to help bankroll President Marcos’ plan to set up a sovereign wealth fund (SWF), similar to how oil-producing nations invest excess earnings for future generations...

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Transportation Undersecretary for Aviation Roberto Lim told congressmen on Wednesday that an independent and external team was currently investigating the details of the technical glitch that resulted in the total shutdown of the entire Philippine airspace on New Year’s Day...

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The rise in prices of food and other commodities may be more pronounced in regions outside Metro Manila making it necessary to monitor these conditions for the country’s price and financial stability, according to the Bangko Sentral ng Pilipinas (BSP)...

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President Ferdinand R. Marcos Jr. called for the easing of trade restrictions imposed by some countries amid the spike in global prices of food and energy last year to foster greater global economic growth...

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The Department of Health (DoH) admitted that "roadblocks" have delayed the procurement of bivalent vaccines, but it gave assurances that the first batch may arrive in the first quarter of the year through donations...

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President Ferdinand Marcos Jr. made a pitch for the proposed sovereign wealth fund at the World Economic Forum (WEF), saying it is one of his government's measures to diversify the country's financial portfolio...

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The five-man panel tasked to review the directed “courtesy resignations” of top Philippine National Police officials has assured anxious generals and colonels that they will be given “final closure” if they really have nothing to do with drug syndicates, according to Baguio Mayor Benjamin Magalong...

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The Commission on Elections (Comelec) on Thursday said that it is planning its next move regarding an against the article that reported a breach in the poll body’s servers, as well as the former Smartmatic employee implicated in the automated elections technology provider security breach...

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To prevent a repeat of the January 1 technical glitch which disrupted hundreds of flights and inconvenienced thousands of passengers, the Civil Aviation Authority of the Philippines (CAAP) on Wednesday asked the House of Representatives to help them implement plans to upgrade the country’s Communications, Navigation, and Surveillance/Air Traffic Management (CNS/ATM) System, including procurement of the Ultimate Fallback System...

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Philippine officials on Wednesday said participants at the World Economic Forum (WEF) reacted positively to the proposed sovereign wealth fund that President Ferdinand Marcos Jr. presented in Davos, Switzerland...

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After a history teacher posted on social media his suspicions that a student may have used artificial intelligence (AI) to write an essay, some faculty members of the University of the Philippines (UP) called on the state university to review academic integrity policies to include the use — or misuse — of AI in making class requirements...

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The Department of Health (DoH) has launched an initiative that will support health care workers in improving their mental health and well-being...

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The bird flu outbreak in Luzon, coupled with the high cost of feeds, has been blamed for the shortage of eggs that causes prices to soar...

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Local manufacturers of basic goods and prime commodities such as canned sardines, processed milk, bread, and bath soap have asked the Department of Trade and Industry (DTI) to allow them to raise their prices, citing higher production costs...

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The growth in wholesale and retail prices of building materials accelerated to the highest level in 14 years in 2022, as construction activity picked up, according to preliminary data from the Philippine Statistics Authority (PSA)...

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The growth in wholesale prices of general goods in the country continued to ease in November from the previous month due to the slower uptick in food and three other commodity groups, the Philippine Statistics Authority (PSA) reported...

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A labor group opposed the proposed bill in the Senate institutionalizing “holiday economics” for its “unproven” benefits to labor and the economy...

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Philippines President Ferdinand Marcos Jr said his country would resist global recessionary headwinds, but warned that increasing tensions in the South China Sea were harming trade...

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President Ferdinand "Bongbong" Marcos Jr. participation at the World Economic Forum (WEF) is expected to generate billions of investments for the Philippines as well as hundreds of new jobs for the Filipinos, his economic team said...

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A corn mill that can boost local food security can see commercialization after the completion of its pilot testing in June this year...

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A coalition of the country’s largest labor federations on Wednesday said it will submit a comprehensive report of Freedom of Association (FOA) violations to the International Labour Organization High Level Tripartite Mission (ILO-HLTM), due to arrive next week...

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Philippine shares rebounded on Wednesday as telecommunications and internet stocks outperformed while foreign investors continued to pile into the market...

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Professional networking-focused social media platform LinkedIn has released its list of fastest-growing jobs in the Philippines, with roles such as clinical research associate, business development representative and antimoney laundering analyst making it to the roster...

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The long-term decline in domestic salt production has been blamed by Senators on a 1995 law promoting iodization, which they said opened the door to competition from imports...

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Gokongwei-led Universal Robina Corp. (URC) will purchase as much sugarcane as possible from Batangas planters displaced by the permanent shut down of Central Azucarera Don Pedro Inc. (CADPI), a high-ranking official told the BusinessMirror...

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Asian markets rose yesterday to maintain their strong start to the year, with Tokyo soaring and the yen tumbling after the Bank of Japan decided against further tweaking monetary policy...

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Korea Electric Power Corp. (KEPCO) targets to finalize the sale of two energy assets in the Philippines within the first semester of this year as shortlisted bidders are set to submit their final offers for these investments, which include a stake in a 200-megawatt (MW) power plant in Cebu...

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The country’s air traffic management system is again running at full functionality, but it has no backup in case the system breaks down again as it did on New Year’s Day...

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The Philippine Ports Authority (PPA) said its upcoming Trusted Operator Program-Container Registry and Monitoring System, or TOP-CRMS, will help reduce logistics costs by eliminating the container deposits charged by shipping lines to truckers, brokers, and forwarders...

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The estimated damage caused by the fish kill in Lake Sebu has reached P12 million, a phenomenon which a fishery official explained, could have been caused by the decrease in the level of oxygen in the body of water...

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The Department of Agriculture (DA) is considering sugar imports of as much as 450,000 metric tons (MT) following an order from the President to maintain a two-month buffer stock of the commodity...

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