More money to run economy thanks to remittances, BPO revenues and demographics
Rafael Algarra Jr., Executive Vice-president and Financial Markets Segment Head of Security Bank, said in a statement that despite a number of natural calamities in the later part of 2013, the economy of the Philippines managed to grow 6.5 percent in the fourth quarter of 2013 and that the current position of the Philippine Peso versus the dollar will stay the same for the first six months of 2014.
The Peso is currently at P44 to P45 against the dollar, backed by the strong consumer and government spending, as well ...
Posted on feb 27, 2014
NDRRMC Update (National Disaster Risk Reduction and Management Council)
Between November 6 and November 9 2013, the typhoon Yolanda entered the Philippine Area of Responsibility (PAR). The typhoon intensified as it continued to move West Northwest towards Eastern Visayas, accelerated and made its consecutive landfalls over Guian, Tolosa, Bantayan, Concepcion and Busuanga. The National Disaster Risk Reduction and Management Council has issued its January 2014 overall status report on the effects of typhoon Yolanda.
As of January 14, 2014, 6.201 individuals were reported dead, 28.626 individu...
Posted on jan 21, 2014
What we are doing as a company
Below you'll find some more explanation about what we are doing as a company and how we think that – together with our clients – we can make a difference.
All companies we work with, have decided to set up an emergency fund for the victims. Our clients have asked us how to help them to make sure that their donations make a difference.
I confirm that Sealanes (SMS), Manpower Resources of Asia (MRA) and Multiplan International have set up the following preliminary plan :
1) Locate crew and families and communicate with crew – clients – families
2) Get aff...
Posted on nov 16, 2013
Multiplan International brengt eigen gericht actieplan in stelling
Reeds 35 jaar lang zijn wij aktief op de Filippijnen.
Scheepsongelukken, aardverschuivingen, vulkaanuitbarstingen en tropische stormen zijn al altijd een deel van het Filippijnse leven geweest en eisen elk jaar hun tol aan menselijk leed en ellende.
De veerkracht van de Filippijnse bevolking die we na elke ramp weer ervaren, verwondert ons na al deze jaren nog steeds.
Het moet wel gezegd worden dat de ravage die Haiyan veroorzaakte de afgelopen dagen, iedereen van ons sterk heeft aangegrepen. De omvang van deze natuurlijke ramp...
Posted on nov 15, 2013
While expansions in other countries are fading, Philippine GDP growth remains very much robust
Filipino President Benigno Aquino III reportedly loves telling anyone who will listen that the country is no longer the “sick man of Asia.” With economic growth rising by more than 7 percent again for the fourth straight quarter, the leader of the Southeast Asian nation has a point.
In the latest June quarter, gross domestic product expanded by 7.5 percent from a year earlier, following the previous quarter’s 7.7 percent gain. The rise exceeded even the 7.2 percent median estimate of economists polle...
Posted on sep 11, 2013
Manufacturing in the Philippines
When B/E Aerospace, a US-based aircraft cabin builder of interior parts, looked to build its first factory outside its US home market it did not look a lot further than the Philippines.
B/E Aerospace is the worldwide leading manufacturer of aircraft passenger cabin interior products for the commercial and business jet aircraft markets. B/E Aerospace is also the leading global distributor of aerospace fasteners.
The decision to build its first factory outside US in the Philippines, hinged on the quality of Filipino labor force, the numbers of available enginee...
Posted on jun 03, 2013
Fom 43rd to 16th largest economy in the world
HSBC projects the Philippine economy to become the 16th largest economy in the world, 5th largest economy in Asia and the largest economy in the South East Asian region(*) by 2050.
According to the 2011 World Bank statistics, the economy of the Philippines is the 43rd largest in the world, and it is also one of the emerging markets in the world. The Philippines is considered as a newly industrialized country, it has been transitioning from one based on agriculture to one based more on services and manufacturing. According to the CIA Factbook, the e...
Posted on apr 09, 2013
Remittances from Overseas Filipino Workers reach a new record
Remittances from Filipinos living and working overseas grew faster than expected in 2012, reaching a new record high of USD 21.391 billion. This was reported by the BSP Bangko Sentral ng Pilipinas on February 15, 2013.
The bulk of remittances, money sent home by overseas Filipinos through formal channels, expanded by 9,7 % year-on-year to a new record.The US remained the top source of remittances, covering 42,6 % of the total. It was followed by Canada (9,2 %), Saudi Arabia (8,1 %), UK (5 %), Japan (4,7 %), UAE (4,5 %) and Singapore...
Posted on mrt 08, 2013
Philippines Labour Secretary Rosalinda Baldoz said the Philippine Overseas Employment Administration (POEA) governing board has approved a resolution allowing deployment of OFW's (Overseas Filipino Workers) to Iraq, Yemen and Eritrea.
The government finally allowed the deployment of Filipino workers to Iraq, Yemen and Eretria.
In a travel advisory posted by Philippine Overseas Employment Adminstration (POEA) at the Ninoy Aquino International Airport, the prospective applicants were advised to deal only with licensed recruiters to be assured of jobs.
According to POEA chief Hans Cacdac, Iraq is...
Posted on mrt 04, 2013
Mismatch between supply and demand
The talent power needed for global economic growth comes from men and women armed with specific TEMAS skills – advanced knowledge of technology, engineering, mathematics and science. Many experts have raised the alarm to highlight looming shortages of such talent, raising the possibility of a diminished capacity for innovation and slower growth. But research shows that the supply of this talent is growing rapidly. The key is learning how to find it.
Scientists, technologists, engineers, mathematicians: these are the high-end knowledge workers who turn the whe...
Posted on okt 29, 2012