News
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Short introduction to the Philippines
India and the Philippines are likely to post Asia’s fastest economic growth rates in coming years as their working-age population keeps expanding through 2020, in contrast with shrinking workforces across North Asia, Nomura Holdings Inc. estimates show.
Philippines, with 31% of its population currently under the age of 15, is projected to see a 1.9% expansion of its 15-to-65 year-old population this year, with Malaysia’s due to rise 1.6% and India 1.5%, Nomura economists said in a report. Malaysia’s population growth, however, is expected to slow faster th...
Posted on jul 11, 2017
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Philippines to lead Asian growth as workforce rise
Why demographics matter so much for economic growth
India and the Philippines are likely to post Asia’s fastest economic growth rates in coming years as their working-age population keeps expanding through 2020, in contrast with shrinking workforces across North Asia, Nomura Holdings Inc. estimates show.
Philippines, with 31% of its population currently under the age of 15, is projected to see a 1.9% expansion of its 15-to-65 year-old population this year, with Malaysia’s due to rise 1.6% and India 1.5%, Nomura economists said in a report. Malaysia’s population growth, however, is expected to ...
Posted on mei 12, 2017
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Interesting deployment report from Workabroad.ph
Which categories of Overseas Filipino Workers are much in demand ?
On Wednesday, November 23, Workabroad.ph issued its Overseas Salary Report. Workabroad.ph is an online employment marketplace that covers several Asian countries like Indonesia, Malaysia, Thailand and the Philippines. It also is the Philippines' leading job site for overseas employment opportunities and currently covers 90% market share of overseas employers. Job postings on Workabroad.ph can only be posted by recruitment agencies registered with and licensed by the Philippine Overseas Employment Administration (POEA).
From Ja...
Posted on nov 24, 2016
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Dutch Honours for one of our founding fathers
Oranje Nassau Nomination for Mr. Cristobal
One of our founding fathers, Mr. René E. Cristobal, born in Manila on October 23, 1934, has received a nomination of the Dutch King as Knight of the Order of Orange-Nassau.
This nomination underlines the importance that our HR Group has played since 1978 in the fields of ethical recruitment and employment of Overseas Filipino Workers and the impact of our talent mobilty and recruitment services on the Dutch maritime and off-shore industries.
Posted on sep 20, 2016
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How the Philippines Became Tech Startups’ New Source for Talent
Working for a venture-backed start-up is the new status symbol
Technology start-ups are the Philippines’ latest customers, and more are flocking to the country’s beach-laden shores each year. Beyond the obvious labor cost savings, the Philippines is an attractive destination for tech jobs, particularly for American companies, because of its young, educated workforce and its English-speaking population (the fifth largest on the planet). Unlike other outsourcing hubs, Filipinos are intimately familiar with American culture, a legacy of more than 30 years of American colonial rule. Generations of...
Posted on jun 13, 2016
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The importance of remittances to the Philippines
Update cash remittances from Overseas Filipino Workers (OFW)
Some countries, such as India and China, receive tens of billions of US dollars in remittances each year from their expatriates. In 2014, India received an estimated 70 billion USD of remittances and China an estimated 60 billion of USD. The Philippines received an estimated 25 billion of USD of remittances in 2014.
A remittance is a transfer of money by a foreign worker to an individual in his or her home country. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countr...
Posted on aug 25, 2015
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How the Philippines is emerging as a key Asian economy
The Philippines is experiencing growth that is rivalling the likes of China and India, but its economic story is often overshadowed by its larger Asian neighbours.
The county's GDP grew 6.1% last year and it is expected to grow at a similar rate this year. Trade Secretary Gregory Domingo, spoke about how it could potentially hit 9% GDP.
Inward investment
The Philippines has seen a spate of inward investment in recent years, with the likes of Tesco, Marks & Spencer and Debenhams all popping up in Manila. In addition, a number of multinationals, such HSBC and Shell, have outsourced their back of...
Posted on jun 29, 2015
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Economic value of EU shipping Industry
Updated study highlights
At a press conference beginning of March, ECSA (the European Community Shipowner's Association) presented the results of a recent update of the Oxford Economics study on the economic value of the EU shipping industry, which highlights the industry’s important contribution to the EU economy based on new and more reliable data.
According to the study, the overall contribution of the European shipping industry to the EU’s GDP in 2013 is estimated to have been €147 billion. Moreover, for every €1 million the European shipping industry contributes to GDP itself, it creates ...
Posted on mrt 11, 2015
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PH Consumers Ranked 2nd Most Optimistic in the world
Consumer confidence levels peak in the Philippines
The Nielsen Global Survey of Consumer Confidence and Spending Intentions measures consumer confidence, major concerns, and spending intentions amongst more than 30,000 respondents with internet access in 60 countries.
Filipino and Indonesian consumers are now tied as the second most optimistic in the world in the fourth quarter of 2014, according to a Nielsen's Global Survey.
Stuart Jamieson, Managing Director of Nielsen Philippines, said the surge of consumer optimism is a result of the continuous growth of the BPO sector which is one of the ...
Posted on feb 02, 2015
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Labor force in Philippines to expand
The Philippines' labor force will expand faster than most of its regional peers in the next decade, Moody’s Investors Service said on July 2
Between 2012 and 2025, “The labor forces in Laos, the Philippines and Cambodia are expected to grow by more than 20%,” the credit rating agency said in an article in the July edition of its quarterly newsletter, Inside ASEAN.
Citing World Bank estimates, Moody’s defined the labor force as the segment of a country’s population between 15 and 64 years old.
“The population of ASEAN member countries aged between 15 and 64… will increase by 64.8 million, or 16...
Posted on jul 17, 2014