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World Bank: More Philippine firms report unfilled vacancies as demand for soft skills rises

MANILA, Philippines — More Philippine companies have reported inadequate workforce due to lack of qualified candidates, according to a World Bank report that.....»»

Category: financeSource: philstar philstarNov 23rd, 2017

World Bank: More Philippine firms report unfilled vacancies as demand for & apos;soft skills& apos; rises - Philippine Star

World Bank: More Philippine firms report unfilled vacancies as demand for 'soft skills' rises - Philippine Star.....»»

Category: newsSource:  googlenewsRelated NewsNov 23rd, 2017

The Mindanao Trust Fund: Supporting Reconstruction and Development in Conflict-affected areas in Mindanao

MAGUINDANAO – Conflict-affected communities in Mindanao are among the poorest in the Philippines suffering from poor infrastructure and lack of basic services, including education and health, weak local governance, and minimal private sector investment, according to a report by the World Bank. It said insecurity has been a major challenge. Frequent armed clashes driven by multiple and inter-related forms of conflict—insurgent groups, clan disputes, and quasi-ideological criminal banditry—have created severe economic dislocation and displacement of people. Armed conflict and poverty are inextricably linked. The Autonomous Region in Muslim Mindanao (ARMM), one of the most heavily conflict-affected regions, has poverty incidence of 52.9 percent, almost double the national average. Based on the peace deal with the Philippine government in 2012, the Moro Islamic Liberation Front (MILF) is expected to transition into a social and political movement. One of the key challenges for a successful transition is to help the MILF build development planning, budgeting, and public administration skills within its ranks. The Mindanao Trust Fund or MTF works to enhance access to services and economic opportunities and build social cohesion while enhancing the capacity of local institutions in conflict-affected areas. It supports the Bangsamoro Development Agency (BDA), the development arm of the MILF. Based on a 2001 agreement between the Government of the Philippines and the MILF, the BDA is tasked to determine, lead, and manage relief, rehabilitation, and development projects in the conflict-affected areas. It’s a unique project that enables various stakeholders—government, the World Bank, and other development partners—to work with a revolutionary movement in delivering development results even before the signing of a final peace agreement. With an enhanced role of women, the program helps the BDA to deliver community development and income-generating subprojects in communities. This enhances access to basic services such as clean water, roads and day care centers. BDA also works to strengthen community enterprises for employment and income generation. The community-based approach brings people from different groups—Muslims, Christians, and Indigenous Peoples—together for the common good, building social cohesion and trust. Over time the program has expanded beyond community development to assist the BDA to develop skills in macro-development planning. A broad package of engagement complements the MTF promoting inclusive growth across Mindanao. For example, US$121 million for farm-to-market roads in Mindanao is included in the nation-wide PRDP while the National Community Driven Development Project is financing US$190 million for CDD activities in Mindanao. Over a decade, 650,000 people (52% of whom are women) in 284 villages have benefitted from 641 subprojects financed by the MTF. The subprojects have included water systems, community centers, sanitation facilities, access roads, post-harvest facilities, and farming and fishing equipment. Eighty-six percent of the beneficiaries say that the project reflected their needs. The subprojects have reduced travel time to market, increased agricultural productivity, reduced post-harvest costs, and increased access to basic services such as clean water. Beneficiaries of income-generating subprojects reported a 10 to 20 percent increase in incomes. About 330,383 women beneficiaries learned skills in community planning and implementation. And 42 community enterprises in 11 villages have been trained in business development to generate sustainable employment and income. The Bangsamoro Development Agency has evolved from a small group of volunteers with no development experience to a leading development agency in Mindanao with 300 staff across seven regional management offices. BDA cooperates with multiple national and international partners, including JICA, WFP, and UNICEF. Bangsamoro Development Plan: the MTF provided technical assistance to help the BDA formulate the first comprehensive economic development blueprint prepared by a non-state armed group. Under the Alternative Learning System project, about 1,832 former combatants, housewives and out-of-school youth reported increased confidence because of improved reading, writing and numeracy abilities. These contributed to their more active participation in community meetings, stronger support for their children’s schoolwork, and better fair farm pricing transactions in city markets. The MTF has remained an important mechanism for consolidating peace and development in Mindanao. Beyond the impact of subprojects at the community level, the program’s ability to converge government and international support to empower Bangsamoro people and institutions to lead in community development seeks to lay the foundation for future sustainable and inclusive development in the Bangsamoro. The program fostered social cohesion by creating spaces for dialogue between Muslims, Christians, and Indigenous Peoples, as well as a diverse mix of local, regional, and national institutional actors. In many remote locations, the project provided the only opportunity for different groups to interact. The increased familiarity built mutual understanding—the basis of trust. Project policies also ensured active and meaningful participation of indigenous peoples and women, who are often otherwise marginalized from decision-making processes at the village level. The participative approach fostered social unity and built trust among stakeholders. In tri-people communities, minority groups shared better understanding and more harmonious relations with Muslims due to the consensus-building nature of CDD/CDR. While residents of remote communities—who had had little to no government access—disclosed growing trust towards government institutions at the end of the project due to the assistance provided by officials. The Bank’s technical and analytical support through the MTF and other engagements supporting peace and development in Mindanao have produced a significant body of literature that helps inform policy dialogues among various stakeholders. For instance, the Land Conflict study prepared for the Transitional Justice and Reconciliation Commission provides short- and medium-term recommendations that can help address land conflict in Mindanao. Also, the Public Expenditure Review in […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsJan 26th, 2018

Workers with good behavioral skills get better pay – study

MANILA, Philippines – More employers in the Philippines are finding it hard to search for workers with good behavioral skills, a recent study found. According to a World Bank report titled "Developing Socioemotional Skills for the Philippines' Labor Market," there is a rising number of firms that have ........»»

Category: newsSource:  rapplerRelated NewsNov 23rd, 2017

World Bank cites ‘satisfactory’ progress of DA’s rural infra projects

THE WORLD Bank has cited the “satisfactory” progress of the Department of Agriculture’s (DA) rural infrastructure projects funded by the Washington-based lender. In its Implementation Status & Results Report dated July 17, the World Bank said that the progress of the Philippine Rural Development Project (PRDP) “continues to be rated satisfactory.” “An assessment of project […].....»»

Category: financeSource:  bworldonlineRelated NewsJul 23rd, 2018

Migration prospects can prevent brain drain — World Bank

Labor exporting countries like the Philippines can even benefit from the occurrence of the so-called brain drain if their education systems remain elastic to overseas demand and there is continued investment in human capital, according to a new report by the World Bank......»»

Category: financeSource:  philstarRelated NewsJun 19th, 2018

More firms using electricity from renewables

More companies in 75 countries across the world, including the Philippines, are getting their electricity from renewable energy sources and corporate demand is expected to continue rising.   The International Renewable Energy Agency (Irena) said in a new report such companies consumed 465 million megawatt-hours (mWh) of power from renewable sources last year.   The Abu Dhabi-based Irena said such volume of power was enough to power a country the size of France.   In its 82-page "Corporate Sourcing of Renewables" report, Irena said that with the continued decline in the costs of renewables, corporate demand will continue to increase as companies sought to ...Keep on reading: More firms using electricity from renewables.....»»

Category: newsSource:  inquirerRelated NewsMay 25th, 2018

Alejano: Why are firms blacklisted by World Bank in Marawi rehab?

An opposition lawmaker on Thursday slammed the inclusion of two Chinese firms in the consortium that would handle reconstruction efforts in a southern Philippine city ravaged by war a year ago......»»

Category: newsSource:  philstarRelated NewsMay 24th, 2018

Global commodity prices to rise faster in 2018

Global commodity prices are expected to rise faster than expected in 2018 because of rising demand accompanying faster global growth, according to a report by the World Bank......»»

Category: financeSource:  philstarRelated NewsApr 29th, 2018

World Bank sees 6.7% PH growth

The World Bank sees the Philippine economy growing by 6.7 percent this year and next, similar to the pace of expansion last year, amid expectations of strong growth prospects across the region. In its East Asia and Pacific Economic Update April 2018 report titled "Enhancing Potential" released on Thursday, the World Bank kept its growth forecasts for the Philippines for 2018 and 2019 while projecting a slightly slower 6.6-percent expansion in 2020. The World Bank's gross domestic product growth projections for the next three years fell below the government's 7-8 percent target range until 2022. "Any growth above 6.7 percent would require vigorous investment in physical and human...Keep on reading: World Bank sees 6.7% PH growth.....»»

Category: newsSource:  inquirerRelated NewsApr 12th, 2018

‘Grand Deception’ by Jun Ledesma

Letters From Davao: WHEN RAPPLER through its President, Maria Ressa, was caught trifling with an important tenet in the Philippine constitution that mandates that Philippine media should be 100% owned by Filipinos the Securities and Exchange Commission ordered it closed. Rappler was parading like it is wholly owned by Filipinos but turned out it accepted investment from Omidyar Network (ON) which is known for its notoriety in destabilizing heads of state that are not docile to America. It tried deception by claiming that the Philippine Deposit Receipts it issued to ON money was for philanthropic contribution. The attempt dragged them deeper in shit as PDRs are actually commercial instruments. When this trick did not work, Ressa again tried another act this time claiming that Omidyar signed a waiver on its veto power. Again this did not pass scrutiny of the SEC because the said waiver was discovered to be just a scrap of paper as the document was not notarized.  Running out of deceptive tricks Ma. Ressa went berserk when she was served the closure order and went about town crying her freedom is being curtailed by Pres. Rodrigo Duterte no less. Her partner Pia Ranada did the same screaming she will be jailed by Duterte’s military. The grandstanding, it was obvious, was to stonewall the criminal violation they committed and to paint Rappler and its staff headed by Ressa as victims of oppression and dictatorial regime of Duterte. Contrary to its claim that they have lost their freedom of expression, more than ever Rappler had increased the crescendo of its unfettered attack on no less than the President Duterte himself. Ressa spearheaded a Black Friday movement supported by a handful of students from where else by the University of the Philippines campus and the usual garrulous but moribund Liberal Party stalwarts headed by VP Leni Robredo. They were joined in by UN Rapporteur Agnes Callamard and her local counterpart Chito Gascon in denouncing the Duterte government for curtailing the freedom of the press. Other foreign-funded media outfits joined the fray for obvious reason.  Theirs is a cacophony of ridiculous chants. Robredo warned that the closure of Rappler is a symptom of a dark future of the country. The juvenile delinquents in the UP campus joined pipsqueak assemblies with screaming placards denouncing Pres. Duterte and his “malignant forces that continue to peddle lies to justify their tyranny and dictatorship”.  They cut classes to face the TV cameras and klieg lights unmindful of yet another spectacular grade the survey firms Social Weather Station and Pulse Asia showing an “excellent” grade on the sustained trust and popularity of the nation on Duterte which they had been flagellating no end.  No one seems to mind their issue about tyranny and dictatorship as the World Bank grudgingly declared that “DDS killed democracy in the Philippines but they haven’t killed the country’s vibrant economy”.  Forbes, an international business magazine, likewise quoted WB on its Global Economic Prospects, which asserts that “Duterte Philippines is the 10th fastest growing economy in the world”.  The statistics is a slap on the face of VP Robredo who remains to be an incurable pessimist despite the figures that cannot lie. She continues to see the future of the Philippines in dark glasses forgetting that she is a Vice President and therefore should have celebrated with the rest for the gains that the country achieved. For her part, Maria Ressa simply ignored what Forbes and WB declared.  Maybe out of outrage that the Robredo seemed to be out of sync and blinded by sheer politicking and negativism, UP Political Science professor and political analyst, Clarita Carlos,  made a five-worded message to The Vice President thus: “President Duterte moves the Philippines forward”. To those who denigrate Duterte from cutting the country’s umbilical cord to America, Professor Carlos had this to say. “Duterte has moved the Philippines away from the usual foreign policy and in turn ‘defined national interest’ by tracking his own way of foreign policy”. She admired Duterte for his political guts and courage.  It is indeed pathetic that while the Philippines rise several notches higher in political and economic arena the opposition and the foreign-aided media outfits shamelessly continue to belittle these achievements. It is no small feat that Philippines came out stronger in economic growth than China in the 3rd quarter of 2017. On the 4th quarter moreover China rallied (6.9%) and landed on top of Asian countries followed by Vietnam (6.8) and Philippines 6.7%. The Philippines however has been growing more than 6% for nine consecutive quarters and that sustained growth is best among Asean nations. Any which way you look at it, that spells economic stability and investment grade for investors service firms like Moody’s and other international credit rating institutions. Cause and effect is a simple gauge to measure the impact of the tyranny and dictatorial regime that Rappler and its sympathizers have been accusing the Duterte regime. But as I always say, no one can quarrel with success especially when institutions of unquestionable stature put the positive figures across. Expect the economy to grow even faster in 2018 when infrastructure spending commences under the Duterte’s Build, Build, Build program. As we all know, the government had earmarked P8.4-trillion to achieve the mega infrastructure projects comprising of railways, highways and bridges, irrigation’s, airports and seaports to name a few. The job opportunities that these programs will generate are equally mind-boggling. […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsFeb 1st, 2018

PH growth to remain fastest in Asean

  The World Bank expects the Philippines to sustain robust economic growth in the next three years even as public investments are seen slowing down. "The Philippines will continue to be the fastest-growing economy in the Association of Southeast Asian Nations (Asean), despite some stabilization of investment growth," the Washington-based multilateral lender said in its January 2018 Global Economic Prospects report released Wednesday morning (Philippine time). The World Bank projected the Philippines' gross domestic product (GDP) to grow 6.7 percent in 2018 and 2019, before slightly slowing to 6.5 percent in 2020. The World Bank's forecasts for the next three years were n...Keep on reading: PH growth to remain fastest in Asean.....»»

Category: newsSource:  inquirerRelated NewsJan 10th, 2018

Filipino workers need socioemotional skills

The government should integrate the development of socioemotional skills into the country’s educational and training framework to expand the employability of Filipino workers, the World Bank said in a new report. The “Developing Socioemotional Skills for the Philippines Labor Market” report released on Thursday presented new evidence from employer and household surveys on the role [...] The post Filipino workers need socioemotional skills appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 24th, 2017

Sobering, PCC says of drop in PH ease of doing business ranking

MANILA, Philippines — The Philippine Competition Commission (PCC) called the country’s latest ranking in the World Bank's Ease of Doing Business report a "sobering account" of the Philippines' performance. “The latest drop in rankings of the Philippines in the World Bank Group report on Ease of Doing Business is a sobering ........»»

Category: newsSource:  rapplerRelated NewsNov 2nd, 2017

Philippine rank in ease of doing business down to 113th

THE Philippines' rank in the World Bank's Ease of Doing Business report fell by 14 places to 113th this year. This was despite the marginal improvement on its score to 58.74 this y.....»»

Category: newsSource:  philippinetimesRelated NewsNov 2nd, 2017

PH scores high in preparation, procurement of PPPs – WB

Philippine Public-Private Partnership (PPP) program scored high in preparation and procurement of PPPs in the latest World Bank Report......»»

Category: newsSource:  mb.com.phRelated NewsOct 3rd, 2016

World Bank cites dev’t tasks ahead for PHL

THE PHILIPPINE economy needs to grow at least 6.5% annually if it is to turn “into a prosperous middle-class society free of poverty by 2040,” the World Bank said on Monday, describing this goal as challenging but attainable. The post World Bank cites dev’t tasks ahead for PHL appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 25th, 2018

Number of Asian children dying before their 5th birthday

NEW DELHI --- Although there has been a remarkable decrease in the death rate of children under five in Asia, there are many countries in the region that are still struggling to contain the mortality rate and provide a better survival for the children to stay alive beyond five. According to the World Bank report the survival depends on the country these children are born in and it also mentions that "reducing neonatal mortality between 2000 and 2017 has been 1.5 times slower than for older children (under 5 deaths after the first month of life) for the same period. South Asian children face the most risk of dying before they turn five. Pakistan has the most number of deaths per thous...Keep on reading: Number of Asian children dying before their 5th birthday.....»»

Category: newsSource:  inquirerRelated NewsSep 23rd, 2018

BanKo Perlas Set to Keep the Ball Rolling in Vietnam, PVL Open Conference

Following their successful stint in the Premier Volleyball League (PVL) Reinforced Conference, the BanKo Perlas Spikers ride on the momentum as they prepare for the back-to-back competitions in PVL Season 2 Open Conference on September 22 and the upcoming Vin Lonh tournament in Vietnam on September 28 to October 3, 2018. The BanKo Perlas Spikers will face three Vietnamese teams and a squad from Thailand in the prestigious Vietnam tournament. The team’s participation in the conference is a strategic move to train them for the different leagues, particularly the PVL Open Conference. “Banko Perlas Spikers is a fairly new team, as the girls have been playing together for just two years. Their exposure to Vin Lonh Volleyball tournament is a great opportunity for the ladies to further hone their skills, individually and as a squad,” shared Charo Soriano, Team Manager of BanKo Perlas. “While this is an overseas competition and the teams that we will be up against are considered giants, at the end of the day, we will focus on the learning and experiences. More than winning, the team is concentrated on giving a good fight every game,” Soriano added. The ladies of BanKo Perlas Spikers gave a breakthrough performance in the PVL Reinforced Conference earlier this year; with an unbeaten streak in the quarterfinals round that earned them a spot in the Final Four. This incredible feat has fortified the trust and support of their fans. Before flying off to Vietnam, the team will face Iriga-Navy and PetroGazz at the Flying V Centre, San Juan City on Saturday and Sunday, respectively. The team will return on October 6 to continue playing against the PVL teams. When asked how their supporters come into play in the team’s performance, Soriano highlighted that without their fans rallying behind the team, it will not be possible to get where they are. She also shared that their supporters are the source of their strength and in return, the squad is committed to continuously inspire and reach out to them. The team’s mindset to put their supporters first was emphasized further through their partnership with BPI Direct BanKo (BanKo), the microfinance subsidiary of Bank of the Philippine Islands (BPI). Sponsoring a sports team is almost unheard of from the banking industry. BanKo, however, found the perfect marriage with the PVL third placer, who constantly get in touch with the grassroots to promote the sport. “We are a happy partner of the Banko Perlas Spikers. Their skills are undeniable, but what sets them apart is their heart to reach out to fans nationwide, even to those who barely have access to their matches. This is well aligned with BanKo’s vision to make financial services more accessible to everyone,” stated BanKo president Jerome Minglana. “As they compete on Vietnamese courts representing our country, regardless of the outcome, it will only ignite and empower the team's loyal supporters and boost the local Volleyball further.  BanKo is equally excited to witness this exciting journey unfold,” Minglana concluded.  .....»»

Category: sportsSource:  abscbnRelated NewsSep 19th, 2018

S& P sees PHL firms weathering rising rates

PHILIPPINE companies and their peers in the Association of Southeast Asian Nations (ASEAN) are largely expected to weather rising interest rates, S&P Global Ratings said in a Sept. 17 report that cited bigger debts incurred by firms in the region. In a report, the debt watcher said Southeast Asian companies remain armed with enough money… link: S&P sees PHL firms weathering rising rates.....»»

Category: newsSource:  manilainformerRelated NewsSep 19th, 2018

S& P sees PHL firms weathering rising rates

PHILIPPINE companies and their peers in the Association of Southeast Asian Nations (ASEAN) are largely expected to weather rising interest rates, S&P Global Ratings said in a Sept. 17 report that cited bigger debts incurred by firms in the region. The post S&P sees PHL firms weathering rising rates appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 18th, 2018