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,...
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...
Once known as a country blighted by economic and social upheaval, Peru has now experienced more than two decades of relative stability and progress, increasingly so since the turn of the millennium. That strong economic progress has occurred during a period of high commodity prices is no coincidence considering the rich mineral and energy...
Though incoming President Ollanta Humala was initially feared by some within the business community, owing to his close ties to Former Venezuelan President Hugo Chávez, foreign policy under the current administration has been largely a continuation of established procedure. Indeed, while Humala has sought to focus on improving relations with...
Over the past decade Peru has seen a period of transformative growth, which has effectively positioned it as one of the leading economic performers in Latin America and the world. This period of exponential growth has for the most part spread throughout the country, leading to unprecedented development in urban centres, while at the same time...
Following years of public debate on the book industry’s need for a stronger regulatory framework, the government has announced far-reaching reforms affecting the importation and distribution of books across Algeria. The Council of Ministers passed a law in September 2013, mandating stronger state support for the owners of bookstores as well as a...
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