COUNTRY ANALYSIS UNIT FEDERAL RESERVE BANK OF SAN FRANCISCO JANUARY 2010 Microfinance in the Philippines uring the last few years‚ the volume of microfinance activity has grown considerably in the Philippines and an increasing number of financial institutions have engaged in retail microfinance operations. While this sector has been traditionally dominated by rural banks‚ non-governmental organizations (NGOs) and finance cooperatives‚ in 2009 a number of commercial banks sought entrance
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The Philippine Islands are located in the western North Pacific Ocean‚ just off the southeastern portion of the Asian continent. The Philippines consists of more than seven thousand islands‚ having an area of about three hundred thousand square kilometers. The Islands are grouped into three primary island groups‚ Luzon in the north (composed of Luzon Island and small islands in its vicinity); the Visayas (composed of many islands near the center‚ the largest being‚ Palawan‚ Mindoro‚ Panay‚ Masbate
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PHILIPPINES UNEMPLOYMENT RATE Unemployment Rate in Philippines increased to 7.50 percent in the first quarter of 2013 from 7.10 percent in the fourth quarter of 2012. Unemployment Rate in Philippines is reported by the The National Statistics Office (NSO). Philippines Unemployment Rate averaged 9.09 Percent from 1994 until 2013‚ reaching an all time high of 13.90 Percent in March of 2002 and a record low of 6.30 Percent in September of 2007. In Philippines‚ the unemployment rate measures the number
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Philippines I. Crisis The Philippines entered the crisis on a sound footing relative to its major East and Southeast Asian neighbors (except Indonesia)‚ which commonly experienced economic contraction‚ especially in the industrial and export sectors. As such‚ this has been suggested as evidence of the country’s newly gained economic resilience. It must be noted‚ however‚ that the Philippines has likewise not experienced the spectacular economic performance of its neighbors in recent times‚ which
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Limitations on Their Functions | Executive | President and Vice- President He/ She must be: * A natural- born citizen of the Philippines; * A registered voter; * Able to read and write; * At least forty (40) years of age on the on the day of the election not proclamation or assumption of office) for President; * A resident of the Philippines for at least ten (10) years immediately preceding such election. | President and Vice-President Their term office is six (6) years
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A.P Globalization is hard to explain if you don’t have a basic idea of economics. The Philippines In the Philippines 71.9% of the people are living below the poverty line‚ and ironically‚ most of them are from the countryside who produce food for the whole population. 7 million of the population are jobless‚ while 3.5 million are homeless. There has been an increasing impact of globalization on the Filipino women‚ in particular. There has been a reduction of permanent workers in favor of temporary
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"The Philippine Literature now a days" The diversity and richness of Philippine literature evolved side by side with the country’s history. Long before the Spaniards and other foreigners landed or set foot on Philippine shores‚ our forefathers already had their own literature stamped in the history of our race. Our ancient literature shows our customs and traditions in everyday life as traced in our folk stories‚ old plays and short stories. Our ancestors also had their own alphabet which was
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Education in the Philippines The system of education in the Philippines was patterned both from the educational systems of Spain and the United States. However‚ after the liberation of the Philippines in 1946‚ the systems have changed radically. The Department of Education (or DepEd) administers the whole educational system‚ which also includes the allocation of funds utilized for school services and equipment (such as books‚ school chairs‚ etc.)‚ recruitment of teachers for all public schools
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THE LOCAL GOVERNMENT CODE OF THE PHILIPPINES BOOK I GENERAL PROVISIONS TITLE ONE. - BASIC PRINCIPLES CHAPTER 1. - THE CODE‚ POLICY AND APPLICATION SECTION 1. Title. - This Act shall be known and cited as the "Local Government Code of 1991". SECTION 2. Declaration of Policy. - (a) It is hereby declared the policy of the State that the territorial and political subdivisions of the State shall enjoy genuine and meaningful local autonomy to enable them to attain their fullest development
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The Philippine Tarsier IJsselstein‚ Friday‚ 18 May 2001 (updated: Saturday‚ 24 April 2004) The Philippine tarsier‚ (Tarsius syrichta) is very peculiar small animal. In fact it is one of the smallest known primates‚ no larger than a adult men’s hand. Mostly active at night‚ it lives on a diet of insects. Folk traditions sometimes has it that tarsiers eat charcoal‚ but actually they retrieve the insects from (sometimes burned) wood. It can be found in the islands of Samar‚ Leyte‚ Bohol‚ and Mindanao
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