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Bacolod City, PhilippinesSaturday, May 3, 2014
DOLE:16.28 percent
hired on the spot

Only 16.28 percent of those who joined the jobs fair in Western Visayas provinces Thursday were hired on the spot, an official of the Department of Labor in Employment in the Region said yesterday.

Out of 2,205 job applicants only 359 were hired on the spot, DOLE Region 6 Director Ponciano Ligutom said.

Ligutom also said 5,130 applicants were scheduled for further interview, while 67 qualified to undergo training at the Technical Education and Skills Development Authority.

Hot money outflows limited

Outflows of foreign portfolio investments to the Philippines were limited in the first three weeks of April 2014 reversing its performance in the same period in 2013.

Data released by the Bangko Sentral ng Pilipinas yesterday showed that foreign portfolio investment, otherwise known as hot money due to the speed it comes in and out of an economy, posted a net inflow of $240.64 million from April 1 to 18.

In the same period in 2013, hot money posted a net outflow of $17.8 million.

Coco oil exports
down 54 percent

Philippine coconut oil exports are expected to decrease in the first six months of the year due to low production caused by typhoons that hit major coconut producing areas last year.

Citing preliminary industry data, United Coconut Association of the Philippines executive director Yvonne Agustin forecasts that coconut oil exports will be down to 174,210 metric tons or by 54.1 percent in January to June 2014, from 379,470 MT in the same period last year.

In March 2014 alone, Agustin said, CNO exports were pegged at 59,950 MT, down by 61.9 percent from 157,170 MT in 2013.

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Button DOLE:16.28 percent hired on the spot
Button Hot money outflows limited
Button Coco oil exports down 54 percent

Button Local stock rates extend win streak
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Peso ends week better vs. dollar 
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