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Filipino seamen are a major segment of overseas Filipino workers who contributed to the Philippine economy. Filipino seamen have been a major source of US dollar remittances to the Philippines. In 2008, according to Doris Magsaysay-Ho, 28,000 Filipino seamen remitted US$3 billion to the Philippines from Japan alone. [8]
The COVID-19 vaccination program in the Philippines was a mass immunization campaign against severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), the virus that causes coronavirus disease 2019 (COVID-19), in response to the pandemic in the country. The vaccination program was initiated by the Duterte administration on March 1, 2021, a ...
The richest 10 percent, meanwhile, took a larger share of the income at 41.7 percent in 1980, up from 37.1 percent in 1970. [61] According to the FIES (Family Income and Expenditure Survey) conducted from 1965 to 1985, poverty incidence in the Philippines rose from 41 percent in 1965 to 58.9 percent in 1985.
In the former Eastern Bloc countries, the public sector in 1989 accounted for between 70% and over 90% of total employment. In China a full 78.3% of the urban labor force were employed in the public sector by 1978, the year the Chinese economic reform was launched, after which the rates dropped.
According to World Bank data, the Philippines' gross domestic product (GDP) quadrupled from $8 billion in 1972 to $32.45 billion in 1980, for an inflation-adjusted average growth rate of 6% per year. Indeed, according to the U.S.-based Heritage Foundation, the Philippines enjoyed its best economic development since 1945 between 1972 and 1980.
In the Philippines, monetary policy is the way the central bank, the Bangko Sentral ng Pilipinas, controls the supply and availability of money, the cost of money, and the rate of interest. With fiscal policy (government spending and taxes), monetary policy allows the government to influence the economy, control inflation, and stabilize ...
First Republic. Department of Agriculture, Industry and Commerce. Department of Communications and Public Works. Department of the Interior. Department of Foreign Relations. Department of Public Education. Department of Wars and Marine. Department of Finance.
The Overseas Employment Certificate is a mandatory document for all OFWS, both new hires and returning OFWs, also known as Balik Manggagawa (BM). It has been a requirement since the 1980s. In the Philippine, it can be obtained through the Philippine Overseas Employment Administration and other authorized processing centers. BMs can also acquire ...