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Inclusive Growth
People, planet and profits–the 3 pillars of sustainable development
Sustainable Development and Inclusive Growth must be on the agenda of government by effectively addressing the three main pillars: economic, environmental, and social. These three pillars are informally referred to as people, planet, and profits.
Romualdez vows passage of laws for businesses to thrive, generate more jobs
With several critical reforms laid in the groundwork, more are in the pipeline to create a favorable environment for businesses to thrive, attract investments, and generate more jobs for all Filipinos, the leadership of the House of Representatives told business leaders on Tuesday.
Trade chief calls for making WTO ‘effective, responsive’
TRADE Secretary Alfredo E. Pascual called on his counterparts at the Asia Pacific Economic Cooperation Ministers Responsible for Trade (APEC MRT) meeting to make the World Trade Organization (WTO) more “effective and responsive” in addressing modern challenges, such as keeping pace with technological developments, among others.
Slow growth means urgent need to boost demand–Ibon
THE 6.4-percent slowdown in growth of gross domestic product (GDP) in the first quarter of 2023 underscores the “urgency” of boosting domestic demand and the economy’s supply response to spur inclusive growth, Ibon Foundation Inc. said.
The world’s biggest companies agree: Rising inequality is a dangerous threat
More than 30 of the world’s biggest companies signed on to an effort to spread the benefits of economic growth, saying that rising inequality is the “defining challenge of our time.”
The excluded
The National Economic and Development Authority’s Philippine Development Plan (PDP) 2017-2022 declares that one of the major goals of the Duterte Administration is social inclusion, a favorite term nowadays among development agencies such as the Asian Development Bank, World Bank and various UN agencies. Filipino politicians, past and present, have translated this into a populist slogan – walang maiiwan! No one shall be left behind.
Getting closer to sustainable and inclusive growth
The Philippines’ ranking as one of the fastest-growing economies in Asia, beating even global powerhouse China, is made more significant by the fact that the country is turning out an impressive performance while the global economy is being rattled by uncertainties, such as the United Kingdom’s exit from the European Union, and rising protectionism, particularly in the United States.
The shortest path to inclusive growth
An archipelago of more than 7,000 islands, the Philippines offers world-class beaches, historical sites and natural wonders. It also enjoys a reputation as home to the happiest people on Earth. Despite boasting a range of tourist destinations and a reputation for hospitality, however, the country’s tourism industry has a long way to catch up with powerhouse neighbors, such as Malaysia and Thailand, which traditionally receive in excess of 20 million international visitors every year.
Inclusive growth theme to give way to ’20 by ‘22’ agenda
THE government will be consolidating the recommendations culled from the series of public-private meetings since July, and translate them into a new “20 by ’22” socioeconomic agenda, with the theme “Malasakit at Pagbabago” (Care and Change).