by Teuvo Tuomi | Oct 25, 2024 | ASEAN, Economy, News, Philippines, Reports, Southeast Asia, Vietnam
The International Monetary Fund (IMF) forecasts Vietnam’s economy to grow by 6.0% in 2024 and 6.8% in 2025, making it the fastest-growing economy among key ASEAN countries. The Philippines follows with projected growth rates of 5.8% in 2024 and 6.1% in 2025. Both...
by Teuvo Tuomi | Sep 10, 2024 | News, Economy, Philippines, Society
In the Philippines, the unemployment rate surged to a one-year high of 4.7% last July as more young Filipinos joined the labor force but have yet to find a job, the Philippine Statistics Authority (PSA) reports. This jobless rate in the previous month was only 3.1%....
by Teuvo Tuomi | Sep 1, 2024 | Economy, News, Philippines
In the Philippines, inflation might have gone down in August due to lower oil prices, a strong peso and more affordable rice, meat and fish, according to the latest forecast of the Bangko Sentral ng Pilipinas (BSP). The BSP projects inflation last month to have...
by Teuvo Tuomi | Jul 19, 2024 | ASEAN, Business, Education, News, Philippines, Vietnam
The Philippines will hit its growth target this year amid easing inflation and expectations of interest rate cuts, according to the latest outlook of the Asian Development Bank (ADB). “Asian Development Outlook” expects the country’s gross domestic product (GDP)...
by Teuvo Tuomi | Mar 17, 2024 | Malaysia, ASEAN, Business, Indonesia, Philippines, Society, Southeast Asia, Thailand
The Philippines has the highest number of women in senior management positions in the world, 43%, according to a recent Grant Thornton survey. Filipino companies have consistently ranked near the top in the surveys, including second in 2023, fourth in 2022, and first...
