Monthly Archives: March 2016

ADB: Youth unemployment a ‘policy challenge’ for gov’t

Published by reposted only Date posted on March 31, 2016

Metro Manila (CNN Philippines) — Although the Philippine economy has grown by 6.2% on average since 2010, the Asian Development Bank (ADB) believes that youth unemployment is a “policy challenge” for the government.

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Outside Metro Manila, Cebu: IT-BPM group lists 10 next wave cities

Published by reposted only Date posted on

MANILA, Philippines – The Information Technology and Business Process Association of the Philippines (IBPAP) has identified a new set of areas outside Metro Manila and Metro Cebu to serve as the country’s next information technology and business process management (IT-BPM) hubs.

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Oil declines as rising US crude stockpiles expand global glut

Published by reposted only Date posted on

Oil declined, as rising US crude stockpiles kept supplies at the highest level in more than eight decades. Futures slid as much as 1.5 percent in New York, after closing little changed on Wednesday. Inventories expanded for a seventh week to 534.8 million barrels, according to a report from the Energy Information Administration (EIA). Imports…

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Neda: PHL middle class already living life most Pinoys want for themselves in 2040

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THE Pinoy middle class is already living the life that the majority of Filipinos can only dream of living in 2040, the National Economic and Development Authority (Neda) said.

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DoLE outlines aid for workers in HEIs affected by K to 12 change

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THE DEPARTMENT of Labor and Employment (DoLE) has released the guidelines for its assistance and financial programs for Higher Education Institutions (HEI) employees who will be displaced due to the implementation of the K to 12 program.

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Cut growth outlook still above average

Published by reposted only Date posted on March 30, 2016

THE PHILIPPINE ECONOMY is poised to expand faster than regional averages in the next two years, according to the Asian Development Bank’s (ADB) latest projections, even as forecasts were clipped in the face of a “highly uncertain” external environment that weighed on prospects across the region.

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12M of stunted children in ASEAN live in PH, Indonesia – report

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The Regional Report on Nutrition Security in ASEAN highlights the challenges of child nutrition in the region, including the double burden of malnutrition

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Skills mismatch

Published by reposted only Date posted on March 29, 2016

Skill mismatch is one of the main challenges faced by economies. Empirical evidence shows that, in far too many cases, workers are not well-matched with their current jobs. Some are over-skilled for their current jobs – they are capable of handling more complex tasks and their skills are underused – while others are under-skilled for…

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GOCC subsidies down to P78 B in 2015

Published by reposted only Date posted on March 28, 2016

By Prinz Magtulis (The Philippine Star), March 28, 2016 MANILA, Philippines – Higher revenue contributions and less subsidies marked last year’s financial performance by government-owned and -controlled corporations (GOCCs), data from the Bureau of the Treasury showed.

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Policy continuity seen as main risk for ‘call center capital’

Published by reposted only Date posted on March 27, 2016

THE PHILIPPINES is now the call center “capital” of the world, Moody’s Analytics said in a recent report, displacing India as Filipinos prove to be a better option for skilled workers in the business process outsourcing (BPO) industry, but faces a crucial government transition, with continuity of anti-corruption efforts hanging in the balance.

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‘Asean must keep inequality in check’

Published by reposted only Date posted on March 25, 2016

The SunDaily, ASEAN 25 March 2016 – Efforts made by Asean to reduce development gaps between the countries is working but these countries must also ensure that inequality does not increase within their own countries, said the Asian Development Bank (ADB).

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Aquino OKs pay hike for gov’t firms’ personnel

Published by reposted only Date posted on March 24, 2016

President Aquino on Tuesday signed an executive order giving the green light to salary increases for executives and employees of government-owned and -controlled corporations (GOCCs) and other government financial institutions.

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This is the real reason young women leave their jobs

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New York magazine’s Ann Friedman recently offered advice for employers who’d like to attract and retain top female talent: “Pay us enough that if you were to accidentally email the entire office a spreadsheet containing everyone’s salary, you wouldn’t be ashamed.”

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Philippines to grow faster than neighbors – Moody’s

Published by reposted only Date posted on March 23, 2016

MANILA, Philippines – Moody’s Investors Service said domestic demand-driven economies among member countries of the Association of Southeast Asian Nations (ASEAN) led by the Philippines are expected to grow faster than export-oriented economies in the next two years.

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10 best-kept memory secrets

Published by reposted only Date posted on March 22, 2016

Question: I am a medical student. I want to know how I can study better and pass the exams. Are there medicines I can take?

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Solving job skills mismatch bolsters competitiveness

Published by reposted only Date posted on March 21, 2016

MANILA, Philippines – There is a job skills mismatch in the Philippines and its impact is more crippling for the manufacturing sector than for services, according to a joint report by the International Labor Organization and Employers Confederation of the Philippines.

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Why rich and poor countries should care about inequality

Published by reposted only Date posted on

This article is published in collaboration with IMF Direct. We should have seen a decrease in inequality with globalization, but that’s not what has happened in the last 25 years, according to Nobel Laureate and Harvard Professor Eric Maskin. While there are a number of reasons to care about inequality, he says there is a…

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Professional hazard

Published by reposted only Date posted on March 20, 2016

When PwC people paid their last respects to former chairman and senior partner Jerry Isla last week after his earnest battle for recovery from a massive stroke, friends told their tales as if they just happened yesterday. It seemed no time was lost even if it was a decade after his untimely retirement.

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Q1 gains likely carried over to Q2 lead indicators point to sustained growth – NEDA

Published by reposted only Date posted on March 19, 2016

MANILA, Philippines – The Philippine economy is expected to sustain the gains from the previous quarter on the back of strong government spending and election-related consumption, the National Economic and Development Authority (NEDA) said yesterday.

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Pinoy maids in Hong Kong assured of protection

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MANILA, Philippines – The Department of Labor and Employment (DOLE) yesterday assured Filipino domestic helpers in Hong Kong of protection amid reports that they are forced to render services against their will.

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Poverty incidence dropped to 26.3% in first half of 2015

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MANILA, Philippines – Poverty incidence among Filipinos dropped to 26.3 percent in the first semester of 2015 – a record low in nine years – as income increases become more progressive, the National Economic and Development Authority (NEDA) said yesterday.

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India sees slower back-office growth as PHL gains ground

Published by reposted only Date posted on March 17, 2016

India’s position as the world’s back office may be slipping away. For years, India’s services exports had grown fast enough to help bridge its merchandise trade deficit. That expansion came to a halt last year as weak global demand and increased competition made it harder for Indian companies to win new markets, leaving the country…

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Phl is no. 10 in the Reuters study of the world’s most dangerous transport systems for women

Published by reposted only Date posted on

Which cities have the most dangerous transport systems for women? “I knew I was in danger from the way the hair stood up on the back of my neck. I was walking home, well past midnight – I heard him before I saw him.” So writes Dae Levine, a campaigner for Safe Cities for Women,…

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PHL fails in 6 TPP metrics

Published by reposted only Date posted on

Washington has identified six key areas where the Philippines needs policy adjustments to make it to the US-led Trans-Pacific Partnership (TPP), a by-invitation-only trade bloc currently composed of 12 countries.

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‘Forced labor’ for thousands of maids in Hong Kong – report

Published by reposted only Date posted on March 15, 2016

The study by the Justice Centre estimates that one in 6, or 50,000 of Hong Kong’s more than 300,000 migrant domestic workers – mainly from Indonesia and the Philippines – fall into the ‘forced labor’ category

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UN study: 90 percent of domestic workers have no labor protection

Published by reposted only Date posted on

Around 90 percent of the world’s 67 million domestic workers have no access to social security protection, with migrants left particularly vulnerable, the International Labor Organization said. Domestic work is largely “undervalued and unprotected,” the UN labor agency said in a new report. MIGRANT WORKERS Every day, scores of Filipino migrant workers pass through the…

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1.23M OFWs in Middle East could lose jobs due to cheaper oil–DOLE

Published by reposted only Date posted on March 14, 2016

Some 1.23 million semiskilled or low-skilled overseas Filipino workers (OFWs) could lose their jobs should the price of oil in the world market continues to fall, Department of Labor and Employment (DOLE) officials told the House of Representatives.

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HIV acquired by over 2,500 Pinoys after paid sex – DOH

Published by reposted only Date posted on

MANILA, Philippines – Over 2,500 Filipinos have acquired human immunodeficiency virus (HIV) after paid sex, according to the Department of Health (DOH).

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Bodies of 3 Compostela Valley miners recovered

Published by reposted only Date posted on March 13, 2016

By Jaime Laude (The Philippine Star), March 13, 2016 Members of a rescue team have recovered the bodies of three miners who went missing in a flashflood that hit a tunnel in Monkayo, Compostela Valley late last month.

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DOLE stops Antipolo project after deadly landslide

Published by reposted only Date posted on March 12, 2016

THE DEPARTMENT of Labor and Employment (DOLE) on Friday issued a work stoppage order against the contractors for a two-story residential building in Antipolo City, a day after a landslide at the project site killed three laborers. Regional Director Ma. Zenaida Angara-Campita issued the order upon the recommendation of the DOLE officer in charge in…

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