Inclusiveness is one of the main priorities of Bangko Sentral ng Pilipinas (BSP). According to a survey published in 2012 by the central bank, eight out of 10 Filipino households have no bank account, and in early 2013 the Philippine National Statistical Coordination Board reported that the poverty rate stood almost unchanged from 2006, at 27.9%....
An archipelago of 7107 islands, the Republic of the Philippines lies south of Taiwan and east of Vietnam, and is bounded in the west by the South China Sea and in the south by the Sulu and Celebes Seas. With a complex history marked by successive waves of migration and periods of colonisation and occupation, the Philippines is home to a host of...
Foreign firms have objected to trade union proposals to raise the minimum wage, fearing this will cost the Philippines its competitive edge in a tough global investment climate. But unions say the changes are crucial as workers shoulder increasing utility costs. Citing inflation-based rises in the cost of essentials like electricity, water,...
ASEAN is set to declare itself a common market at the end of 2015. This could profoundly affect trade and investment flows throughout the region and have a significant impact on the economies of all member states, the Philippines included. It will create new opportunities for investors as some of the world's fastest-growing economies work together...
Unlike many of its South-east Asian neighbours, the Philippine economy is less export dependent and more consumption oriented. More importantly, the country has two critical sources of revenue that are largely insignificant in other members of the ASEAN community: business process outsourcing (BPO) and foreign remittances. These two elements have...
Sandwiched between the South China Sea and the Sulu Sea, the island province of Palawan offers a wonderful respite from the busier industrial and commercial centres of the Philippines. The roughly 1780 islands and islets that comprise Palawan are revered for their unmatched biodiversity, while the pristine coastline – measuring about 2000 km –...
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