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Real wages stagnant even as jobs, productivity grow

Relaxed labor laws, improved worker skills, and greater ease of doing business would open up high quality and well-paying jobs for Filipinos in order to alleviate poverty, the World Bank said in a new report.

In a report titled “Labor Market Review: Employment and Poverty in the Philippines,” the multilateral lender pointed out the gnawing problem of underemployment in the country, with a big chunk of Filipinos remaining poor despite holding jobs. Read the full story. Continue reading “Real wages stagnant even as jobs, productivity grow”

property

House prices rise nearly 10% from January to March

The Philippines is far from seeing a property bubble even as housing prices rose by nearly a tenth annually last quarter, according to findings of the central bank’s new index for tracking such prices nationwide. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa C. Guinigundo bared the results of the new residential real estate price index (RREPI) on June 3 that showed, among others, a 9.2% overall rise in housing prices in January-March from the comparable year-ago period. Read the full storyContinue reading “House prices rise nearly 10% from January to March”