Philippine Economy at Present During 1960’s the Philippine economy has experienced repeated boom-and-bust cycles in the 5 decades since the nation achieved independence from the United States. In 1960s its economy ranked as the second most progressive in Asia‚ next to that of Japan. After 1965‚ when Ferdinand E. Marcos became president‚ the nation experienced economic problems and social unrest‚ especially from the 1970s‚ when corruption and cronyism (the practice of appointing friends to well-paid
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CALABARZON Area W.O. No. IVA-15‚ DLC’s system is prone to whims and caprices of the immediate supervisor‚ which the employee could not practically dispute; otherwise‚ animosity and isolation might result. What are your recommendations on the Philippine wage policy for the next 10 years? Through the years‚ the avowed policy of the State on wages‚ as reflected in the 1987 Constitution as well as in various statutes such as R.A. 6727 (Wage Rationalization Act)‚
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Chapter 1 INTRODUCTION / BACKGROUND OF THE STUDY As the world of academe and business evolve into a kaleidoscope of changes‚ the need for a fast-paced epitome of development must arise. One key that will open the access to the said progress is the formation of youth in one’s nation. And since the academe takes part in the configuration of these individuals in our nation‚ then it must impart resources to these people. The role of business is as profound as of that of the academe. It must not only
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PHILAMLIFE AND BPI ANNOUNCE STRATEGIC LIFE INSURANCE JOINT VENTURE Makati City‚ August 26‚ 2009. Philippine American Life Insurance Company (Philamlife)‚ the largest life insurer in the Philippines‚ has agreed with Bank of the Philippine Islands (BPI) to acquire a 51% stake in Ayala Life Assurance Inc. (Ayala Life)‚ BPI’s majority-owned life insurance subsidiary. Ayala Life will serve as the platform for BPI and Philamlife’s strategic bancassurance partnership. The joint venture is expected
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economic orientation to Pakistan‚ is none other than the Philippines. The gross domestic product (GDP) of a country is the total market value of all the goods and services produced within an economy in a given year. Based on the 2007 statistics provided by the International Monetary Fund‚ the nominal GDP of Pakistan‚ calculated in millions of U.S. dollars‚ was 143‚766; giving this country a world rank of 47th out of 179. The nominal GDP of the Philippines‚ in millions of U.S. dollars‚ was 144‚129; positioning
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With the Philippine seas south of Mindanao already over fished‚ local tuna producers have looked beyond the country’s fishing grounds for their operations. Marfenio Tan‚ former president of the Socsksargen Federation of Fishing and Allied Industry (SFFAI)‚ continues to reminisce the days when they had to bury tons of tuna catches on the beaches because there were simply abundant supplies and demand could not cope‚ if not non-existent. During the stretch when the industry became the single top
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The Effects of Globalization in the Philippines As defined‚ the term globalization refers to the development of an increasingly integrated global economy marked especially by free trade‚ free flow of capital‚ and the tapping of cheaper foreign labor markets. Globalization has offered considerable controversial impact. It has been viewed as a process that is a key to the development of the world economy where effects are inevitable and irreversible. Some regard it with hostility‚ fear that increases
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……………………………………………………………………………………….. 37 I. INTRODUCTION A. Background of the Study Contained in a November 5‚ 1997 Supreme Court decision‚ which deemed the first oil deregulation law‚ the Republic Act No. 8180‚ to be unconstitutional1‚ is a brief history of the Philippine oil industry. Due to an oil crisis ’ occurrence in 1997‚ the government created the Oil Industry Commission (OIC) to regulate the goings-on of businesses working with oil. The OIC can fix prices of petroleum products‚ control refinery capacities
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The Philippine Stock Exchange‚ Inc. ("PSE" or the "Exchange") is a private organization that provides and ensures a fair‚ efficient‚ transparent and orderly market for the buying and selling of securities. PSE traces its roots from the country’s two former bourses: the Manila Stock Exchange ("MSE") and the Makati Stock Exchange ("MkSE"). Founded in March 1927‚ the MSE was the first stock exchange in the Philippines and one of the oldest in Asia. Originally housed in downtown Manila‚ the MSE moved
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affect the airline transportation industry. It generates hypotheses about passenger growth‚ quality of service‚ and markets served. The paper concludes with a discussion of the pros and cons of deregulation. Introduction Deregulation‚ in simple terms‚ is a liberalization of an industry from government policies that control its production‚ and other key factors including market entry or exit. Deregulation is aimed to break down cartels and monopolies by encouraging new players in an industry
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