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Sunday, April 20, 2008 |
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ADB, gov’t measuring size, share in economy |
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Informals increase as formal sector shrinks
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ECONOMISTS and the head of the largest
association of employers in the country are worried that the formal
sector of the economy has shrunk and the informal sector (IS) has
grown despite the spectacular economic growth the Philippines has
enjoyed these past years. 2007 posted the highest growth—7.3
percent—in 30 years.
Employers Confederation of the Philippines (ECOP)
President Sergio Ortiz-Luis last week told GMANews.TV that the
formal sector in 2007 had shrunk to 4.7 million from 6.3 million
members in 2003, while the informal sector in 2007 has grown to 27
million from 21 million in 2003.
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O T H E R R E P O R T S
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Gov’t programs to raise IS
will reduce poverty
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A bill, authored by Rep. Juan Edgardo Angara, is pending in the
House of Representatives titled “Magna Carta for the Workers of
the Informal Sector” which...
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Social protection for informals
is a fair-trade issue—Tańada
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We, at the Fair Trade Alliance, are happy to be
part of this conference-workshop on social protection for the
informal sector. The informals are indeed the most numerous and yet
they are the least protected.
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‘Panibagong Paraan’ model for
gov’t-civil society partnership
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Government and civil society partnership in
providing economic relief to the marginalized and poor—who make
up the informal sector—while tapping their hidden potentials was
once more demonstrated by 99 groups that participated in the
development fair held Wednesday and Thursday, April 9 and 10, in SM
Megamall Megatrade Hall.
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