Saturday, September 21

Tag: UST Department of Economics

Agriculture’s contribution in country’s economy challenged in summit

Agriculture’s contribution in country’s economy challenged in summit

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    THE CONTRIBUTION of the agricultural sector to the country's economy was challenged during the first UST Young Economists Summit held Monday. UST Department of Economics Chair Emmanuel Lopez said concentration should not be on agricultural areas but on the archipelago's aquaculture. "Don’t try to be misled that the Philippines is basically an agricultural country. It’s not. There’s an agricultural area that we are to explore but we should not be concentrating on that because for so many years, it has contributed almost mini in terms of development." He added that the country is “geographically unfit and historically misaligned in terms of priorities” which is why the agricultural sector has been yielding poor returns since the 1960s. "Concentrating on aq
UST holds first economic briefing; Uncertainties, opportunities in PH discussed

UST holds first economic briefing; Uncertainties, opportunities in PH discussed

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THE UNIVERSITY of Santo Tomas (UST) Department of Economics held its first economic forecasting forum dubbed Tiger Look yesterday, projecting uncertainties and opportunities in the Philippine economy and government this 2016. UST Department of Economics Chair Emmanuel Lopez anticipated economic growth to reach 6.5 to 6.7 percent this year with the surge of consumer spending and continuous flourishing of the service sector. Lopez also said the upcoming national elections will inject P15 billion in the local economy which is expected to create "temporary employment." "It may be inflationary in nature but at the middle of the year, it will bring back to the previous natural status of the natural unemployment because the creation of job is starting this January up to June," he add...