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IBPAP (IT & Business Process Association Philippines) estimates that the overall market will mature and grow at a compound annual growth rate (CAGR) of 9.2% from 2016 to 2022, slower than the CAGR of 17% from 2010 to 2016. 43,000 low-skilled jobs will become obsolete as a result of automation, while 388,000 new mid-skilled jobs and 309,000 ...
After Ferdinand Marcos was removed from office following the People Power Revolution of February 1986, his successor Corazon Aquino issued Executive Order No. 126, which renamed the Welfare Fund as the Overseas Workers Welfare Administration (OWWA). In 1995, the Republic Act 8042, or Migrant Workers and Overseas Filipinos Act, became law.
The Department of Foreign Affairs and the Office of the President classify these trips as either a state visit, an official visit, or a working visit. [1] Bongbong Marcos, the 17th and current president, has made 27 international trips to 19 countries during his presidency so far, which began on June 30, 2022. More trips have been planned.
The travel and tourism industry contributed 8.6% to the country's GDP in 2023; [1] this was lower than the 12.7% recorded in 2019 prior to the COVID-19 lockdowns. [2] Coastal tourism, encompassing beach and diving activities, constitutes 25% of the Philippines' tourism revenue, serving as its primary income source in the sector. [3]
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It also supervises the immigration from the Philippines of foreign nationals. On July 25, 1987, President Corazon C. Aquino signed Executive order No. 292, also known as the Administrative Code of 1987. Said order renamed the office as the "Bureau of Immigration".
As President-elect Donald Trump readies to return to the Oval Office, U.S. retailers that depend on foreign suppliers are prepared to pass along the cost of his proposed import tariffs to ...
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