Economy

BPO group targets increasing hiring rate to 15%

MANILA -- The Contact Center of the Philippines (CCAP) aims to further improve the hiring rate in the business process outsourcing (BPO) industry in the country to reach 10 to 15 percent in...

Peso stays flat vs USD; PSEi slids after posting new highs

MANILA – The Philippine peso finished Thursday almost unchanged against the USD, partly due to the negative close of the Philippine Stock Exchange index (PSEi) a day after posting another record-high...

PCC ensures promoting competition in PH market

MANILA -- The Philippine Competition Commission (PCC) has ensured to continue promoting competition in the local market as the country improved its ranking in the latest Global Competitiveness Report of the...

Budget Sec. Diokno presents administration’s economic plans in UBS Macro Tour

On September 2, 2017, DBM Sec. Benjamin Diokno spoke in front of local and foreign analysts of UBS to discuss the Duterte administration’s economic plans, with emphasis on the FY 2018...

Gov’t working double-time to make PHL more attractive to investors–Dominguez

SHANGHAI—Finance Secretary Carlos Dominguez III has cited the government’s continuing efforts to open the economy to foreign participation, the country’s political stability and its young, dynamic workforce as among the key...

PHL to invest heavily in training young workforce

Finance Secretary Carlos Dominguez III said the Duterte administration is investing heavily in human capital development to train its young, talented workforce and capitalize on the Philippines’ “demographic sweet spot,” which...

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