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  • Writer: Ziggurat Realestatecorp
    Ziggurat Realestatecorp
  • Aug 1, 2024
  • 2 min read

The Philippine passport was ranked 73rd in terms of visa-free access to other countries, according to the Henley Passport Index (HPI).


HPI reported that the Philippine passport grants its holder visa-free access to 67 countries.


“The Philippine passport has been fairly consistent on the Henley Passport Index with a slight trend upwards,” Henley & Partners Managing Director and Head for Southeast Asia Scott Moore said in a briefing.


“The Philippine economy is growing on average between six to seven and a half percent annually over the past decade, and we anticipate this growth will continue.”

He noted the ”strong correlation” between a country’s visa-free tally and its economic prosperity.


The Philippines ranked 83rd in 2021, 77th in 2022, 78th in 2023, and 73rd in January and July 2024.


Philippines's Global Access


“As the economy continues to grow and develop, the passport score should continue to trend upward. It’s important to keep in mind that the Philippines is growing definitely at a higher rate than the established Western countries,” Mr. Moore said.


The visa-free destination count of 67 represented a fall of two countries after Armenia and Togo changed their rules from “visa-on-arrival for everyone” to “e-visa for everyone,” he said.


Singapore was rated the “strongest” passport with visa-free access to 195 countries, while Afghanistan was at the bottom of the list, placing 103rd with a visa-free tally of 26 countries visa-free.


“The gap is widening between countries at the top of our index and countries at the bottom of the index, which right now is Afghanistan… that is a gap of 169 countries, which is also larger than it ever has been before,” he said.


France, Germany, Italy, Japan, and Spain dropped to joint second place with visa-free access to 192 countries.


Meanwhile, Austria, Finland, Ireland, Luxembourg, Netherlands, South Korea, and Sweden were at joint third with visa-free access to 191 countries.


This was followed by Belgium, Denmark, New Zealand, Norway, Switzerland, and the UK were in joint fourth with visa-free access to 190 countries.


Australia and Portugal were tied for fifth with visa-free access to 189 countries.


Source: Manila Times

 
 
 
  • Writer: Ziggurat Realestatecorp
    Ziggurat Realestatecorp
  • Jul 8, 2024
  • 1 min read

The number of jobless Filipinos grew for the third straight month in May, the Philippine Statistics Authority (PSA) reported on Monday.


The country's jobless rate slightly increased to 4.1 percent in May from 4.0 percent in April. This is lower than the 4.3 percent in the same month last year.


This translates to 2.11 million unemployed Filipinos, 70,000 more than April's figure of 2.04 million.


This is the highest increase since January 2024 when the jobless rate was 4.5 percent.

Meanwhile, underemployment — which counts those looking for more work or an extra job — was down to 9.9 percent from 14.6 percent in April and 11.7 percent in the same month last year.


The number of underemployed was equivalent to 4.82 million. These are people "who have expressed the desire to have additional hours of work in their present job or to have additional jobs, or to have a new job with long hours of work."


The PSA said the number of individuals with jobs reached 48.87 million, higher than last year's 48.26 million and April's 48.36 million.

 

The services sector hired the most number of workers in May for a share of 61.1 percent in the labor market.


The country's Labor Force Participation Rate in May was 64.8 percent, higher than April's 64.1 percent.


Source: Manila Times

 
 
 
  • Writer: Ziggurat Realestatecorp
    Ziggurat Realestatecorp
  • Jul 5, 2024
  • 1 min read

We are living in turbulent times, and 2024 is without doubt a crucial year. A total of sixty-four countries and almost half of the population of the world will hold national elections this year. Their results will determine the future path for freedom and prosperity in years to come.


This report presents the annual update of our indexes, which portray a clear picture of the situation of the world during this decisive year. Moreover, a detailed analysis of the trends of freedom, prosperity, and their respective components during the last decade uncovers several striking facts that can help us understand how we got to this critical juncture.


The Philippines ranked 92nd and 100th out of 164 countries in the 2024 edition of the Freedom and Prosperity Indexes published by US-based think tank Atlantic Council. Out of possible 100 points, the country scored 62.5 in the freedom index (low freedom) and 60.4 in the prosperity index (low prosperity).




 
 
 

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