Economy

Information at your fingertips: a giant leap for Philippines education

DAVAO CITY, Philippines — A few months from now, the long queues of complaining teachers who cannot find their records will be history. No more going to and fro the different offices in search of those elusive documents. All information will be readily available through a fully-automated Human Resource Information (HRI) System, a brainchild of the BEAM Project and DepEd.
(more…)

Continue ReadingInformation at your fingertips: a giant leap for Philippines education

Poor families in Davao City, ComVal top payers of livelihood loan

DAVAO CITY — Poor families in Davao City Poblacion and District 2 in Compostela Valley are the winners in paying loans provided through the Self-Employment Assistance Kaunlaran Program (SEA-K) of the Department of Social Welfare and Development.

Arlene L. Morpus, DSWD project development officer revealed that Davao City Poblacion East and West tied with ComVal?s Maco, Mabini, Nabunturan and Mawab at a high 95% repayment rate.

(more…)

Continue ReadingPoor families in Davao City, ComVal top payers of livelihood loan

Philippines May inflation remains low at 2.4%

MANILA — Headline inflation in May slightly rose to 2.4 percent from 2.3 percent in April, bringing the average inflation for the first five months of the year to 2.7 percent. The May inflation was within the 2.1-2.8 percent forecast range of Bangko Sentral ng Pilipinas (BSP) and was substantially lower than the 6.9 percent inflation rate posted a year ago. The minimal increase in inflation was mainly attributable to the uptick in the prices of fuel, light, and water to 4.0 percent from 2.2 percent in April. Month-on-month, inflation went up by 0.3 percent following the 0.2 percent increase in April. Meanwhile, core inflation, which excludes volatile food and energy items, remained steady at 2.6 percent for the third consecutive month.
(more…)

Continue ReadingPhilippines May inflation remains low at 2.4%

Strong economy to continue if Philippines moves as one

MANILA — Malacanang said today that the strong surge of the peso and the stock market will continue as long as the nation moves as one.

Press Secretary and Presidential Spokesman Ignacio R. Bunye said that the seven-year high registered by the peso yesterday and the soaring stock market index augur well for the economy.
(more…)

Continue ReadingStrong economy to continue if Philippines moves as one