Business

ASEAN Projected 2022 GDP Growth The ASEAN+3 Macroeconomic Research Office (AMRO) raised its 2022 growth forecast for the Philippines to 6.9% – the highest in the region – amid slashed projections for ASEAN+3 countries. The regional macroeconomic surveillance organization cited domestic consumption and investment as key drivers of growth in the country. Country April 2022 … Read more

Planning to Import or Export Goods in the Philippines? The Bureau of Customs (BOC) website has a Philippine National Trade Repository (PNTR) feature where you may check the corresponding regulatory agencies and the documentary requirements of specific commodities for Importation or Exportation clearance. Visit: https://www.pntr.gov.ph You may want to read: Philippine documents that can be … Read more

Philippine Competitiveness Ranking Improves  The Philippines jumped four spots in the annual global competitiveness report by the Switzerland-based International Institute for Management Development (@imdbusinessschool) due to the economy’s improved performance. IMD’s 2022 World Competitiveness Yearbook ranked the Philippines 48th out of 63 economies, from the 52nd spot out of 64 economies in 2021. This was … Read more

Kasambahay Minimum Wage in Region 2 New wage order for Domestic Workers in Region 2 (Cagayan Valley) Domestic workers or Kasambahays in Region 2 (Cagayan Valley) will receive a monthly minimum wage of Php 5,000 effective June 8, 2022. You may want to read: Region 2 Minimum Wage