Monthly Archives: April 2016

Remittances remain vital to forex reserves – Fitch

Published by reposted only Date posted on April 30, 2016

The Philippine Star, April 30, 2016, http://www.philstar.com/business/2016/04/30/1578096/remittances-remain-vital-forex-reserves-fitch MANILA, Philippines – Fitch Ratings said remittances from workers would remain a vital source of forex reserves for emerging economies in Asia including the Philippines.

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PHP, EFTA sign free trade agreement

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by Victor S. Saulon, Businessworld, April 30, 2016 THE Philippines and the European Free Trade Association (EFTA) signed a free trade agreement on Thursday after concluding two months ago the negotiations over a deal that is expected to boost the country’s strategic trade and economic partnership.

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When battered husbands speak out

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By Nneka McGuire, April 30, 2016 Because marriage should be a refuge, not a scene from Gladiator. Liam describes himself as a big bloke. In the same breath, the 45-year-old Irishman can recite the assaults he says he suffered at the hands of his soon-to-be ex-wife, from the sting of stab wounds to the crack…

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Government assures plans on track to advance 2030 development agenda

Published by reposted only Date posted on April 28, 2016

By Czeriza Valencia (The Philippine Star), Apr. 28, 2016 MANILA, Philippines – The Philippines has assured the international community that it has taken steps to implement its own development agenda side-by-side the United Nation’s Sustainable Development Goals (SDG).

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Underperforming sectors take up bulk of tax perks — BOI study

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By Prinz Magtulis (The Philippine Star), Apr. 28, 2016 MANILA, Philippines – The government granted most income tax holidays (ITH) to underperforming sectors over the past few years, highlighting the need to restructure incentives that have taken more than P80 billion in state revenues.

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Mixed stand on contractual labor

Published by reposted only Date posted on April 26, 2016

by JEANDIE O. GALOLO, April 26, 2016, http://www.sunstar.com.ph/cebu/business/2016/04/26/mixed-stand-contractual-labor-470174 CEBU business groups appear to be divided on their stand on labor contractualization after the issue was raised during the presidential debate last Sunday.

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8 rescued from illegal recruiters in Caloocan

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By Rey Galupo (The Philippine Star), Apr. 26, 2016 MANILA, Philippines – Eight people, including minors, were rescued when police raided an illegal recruitment agency in Caloocan City on Sunday.

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Rotating night shifts tied to heart disease risk

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By Andrew M. Seaman, Apr. 26, 2016. (Reuters Health) – People who occasionally work night shifts may be at a slightly increased risk of heart disease, according to a new study.

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China’s white-collar wages outstrip Southeast Asian salaries

Published by reposted only Date posted on April 25, 2016

by Colin Simpson, April 25, 2016,http://www.bloomberg.com/news/articles/2016-04-24/china-s-white-collar-wages-outstrip-southeast-asian-salaries The labor cost advantage enjoyed by some Southeast Asian economies over China goes beyond factory jobs, according to a new study by Willis Towers Watson. Average base professional salaries in China are 1.9 to 2.2 times those of Vietnam and the Philippines, the study said.

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The war of words over who does Saudi Arabia’s housework

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By BBC Trending, 25 April 2016, http://www.bbc.com/news/blogs-trending-36112484 Disagreements about who should do housework blew up on Twitter in Saudi Arabia this week, and offered some insight into popular attitudes in the country. If you’re a Westerner, you might think this is another story about who should load the dishwasher, or about men not pulling their…

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Baldoz signs A.O. No. 120-16 for effective implementation of Balik Pinay, Balik Hanapbuhay

Published by reposted only Date posted on April 22, 2016

MANILA, April 22 – Labor and Employment Secretary Rosalinda Dimapilis-Baldoz recently signed Administrative Order No. 120, Series of 2016, or the Guidelines on the Implementation of Balik Pinay, Balik Hanapbuhay, to effectively provide and expand the employment and economic opportunities of distressed women overseas Filipino workers.

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BPOs to drive property amid challenges

Published by reposted only Date posted on April 21, 2016

by ALBERT CASTRO, Malaya, April 21, 2016, http://www.malaya.com.ph/business-news/special-features/bpos-drive-property-amid-challenges The business process outsourcing (BPO) will continue to drive office space demand in the Philippines, with requirement seen to increase by 11 percent this year, according to property consultant Collier International.

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Weaker sex

Published by reposted only Date posted on April 20, 2016

By Jose C. Sison (The Philippine Star), April 20, 2016 This case of Fred and Medy resolves the issue of whether RA 9262 violates the constitutional provisions on equal protection and due process of law particularly about the protection orders from the barangay and the courts to prevent the commission of further acts of violence…

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The truth about election spending

Published by reposted only Date posted on April 19, 2016

by Psyche Roxas Mendoza – April 19, 2016, http://www.businessmirror.com.ph/the-truth-about-election-spending-2/ Second of three parts Not many know about it, but that sleek and confident paid political advertisement—openly endorsing a senatorial, vice-presidential, or presidential hopeful on prime- time television—is the finishing touch to what political operators call the “overt side” of an election propaganda strategy.

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Transparency is the best policy

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By Eunice C. Abdon-Roces (The Philippine Star), Apr. 19, 2016 On March 18, the Securities and Exchange Commission (SEC) soft-launched the SEC Express Nationwide Submission otherwise known as SENS. The SENS, as mentioned under SEC Memorandum Circular No. 1-2016, is one of the options available to corporations involving the non-appearance submission of SEC documents such…

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3-year blueprint pegs infrastructure spending at P3 trillion

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by Cai Ordinario – April 19, 2016, http://www.businessmirror.com.ph/3-year-blueprint-pegs-infrastructure-spending-at-p3-trillion/ The government is targeting to spend as much as P3 trillion for infrastructure projects, from 2017 to 2019, in keeping with its goal of hiking public-infrastructure spending to at least 5 percent of GDP.

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Asian men use smartphones, PCs more than women–report

Published by reposted only Date posted on April 18, 2016

by Rizal Raoul Reyes – April 18, 2016, Asian men use smartphones, PCs more than women–report ASIAN women use personal computers (PCs) on Thursdays more than men, a report by Appier Inc. revealed. The report by the Taiwanese technology company shows that on average, Asian men are more active on both PCs and smartphones than…

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The truth about election spending

Published by reposted only Date posted on April 17, 2016

by Psyche Roxas Mendoza, BusinessMirror – April 17, 2016, http://www.businessmirror.com.ph/the-truth-about-election-spending/ First of three parts LEAN, dark, of average height and with an easy smile, the not-yet-40, close-in security of a government official chose to have the interview at a restaurant close to his place of work.

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Automation threatens Filipino online freelancers–World Bank

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by Cai Ordinario – April 17, 2016, http://www.businessmirror.com.ph/automation-threatens-filipino-online-freelancers-world-bank/ WHILE Filipinos comprised the largest population of online freelancers in the world, they are also considered easily replaceable by machines, according to the World Bank.

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Envoy hits ‘A-class’ condo sale abuses

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By Federico D. Pascual Jr. (The Philippine Star), Apr. 17, 2016 WE HAVE been receiving email, mostly expressing concern, after the publication last April 12 of our Postscript titled “‘A-class’ con artists dupe condo buyers.” (The column is archived as http://tinyurl.com/z99oo36 at ManilaMail.com.) Among the readers who have reacted was Theo Arnold, who was for…

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Obama to sign executive order to ignite corporate competition

Published by reposted only Date posted on April 16, 2016

On Friday, President Barack Obama announced he would sign an Executive Order directing every relevant agency of the Federal government to take steps in identifying bottlenecks to competition and to create new ways to increase competition in the economy. The Executive Order puts agencies on a fast-track path to, within 60 days, identify the steps…

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3 minero patay sa isang minahan sa Masbate

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Tatlong manggagawa sa isang minahan sa Masbate ang namatay makaraan silang ma-suffocate sa isang mining pit sa bayan ng Aroroy.

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The new sunbathers

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by Economist, Apr 16th 2016, http://www.economist.com/news/leaders/21696935-see-how-bright-future-solar-energy-look-developing-world-new-sunbathers?fsrc=scn/tw/te/pe/ed/thenewsunbathers To see how bright the future of solar energy is, look to the developing world THE sun is the world’s battery pack. Photosynthesis captured the energy that is burned in fossil fuels. The sun drives the wind and ocean currents. And in an hour and a quarter the amount…

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3 miners die in Masbate mine pit

Published by reposted only Date posted on

Mar S. Arguelles, @inquirerdotnet, Inquirer Southern Luzon, April 16th, 2016, http://newsinfo.inquirer.net/779815/3-miners-die-in-masbate-mine-pit LEGAZPI CITY–Three gold miners died on Friday after they were trapped in a mining pit in Aroroy town in Masbate province, a report reaching the Philippine National Police (PNP) Bicol regional police office here said on Saturday.

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Hong Kong’s new watchdog set to wage war on cozy cartels

Published by reposted only Date posted on April 15, 2016

Hong Kong’s cartels and protected business communities are waiting for a knock on the door. The city’s first effort to impose a wholesale ban on anti-competitive activities became law in December, and the new Competition Commission set up to enforce the rules is expected to begin its first attacks soon. Executives are signing up for…

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Palace orders abolition of AFP pension fund

Published by reposted only Date posted on April 14, 2016

MANILA — Malacanang has ordered the abolition of the Armed Forces of the Philippines-Retirement and Separation System (AFP-RSBS) in an effort to curb inefficient public spending.

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Singapore adopts 2008 crisis policy as growth grinds to halt

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Singapore’s central bank unexpectedly eased its monetary stance, adopting a policy last used during the 2008 global financial crisis, as economic growth in the trade-dependent city-state ground to a halt.

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US rights report casts wide net; ‘salvaging,’ disappearances remain major PH problems

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WASHINGTON — The US State Department issued its annual “Country Reports on Human Rights Practices 2015” on Wednesday, pointing the finger at alleged rights abuses around the globe.

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Business optimism in PHL above Asean average, survey shows

Published by reposted only Date posted on April 13, 2016

Global firms’ business optimism in the Philippines for the first quarter of the year is higher than the average Asean rate, a global business survey show.

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The science of happiness can trump GDP as a guide for policy

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by Richard Easterlin, University Professor and Professor of Economics, University of Southern California, 13 April 2016, https://www.weforum.org/agenda/2016/04/the-science-of-happiness-can-trump-gdp-as-a-guide-for-policy?utm_content=buffer3f98c&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer For centuries, happiness was exclusively a concern of the humanities; a matter for philosophers, novelists and artists. In the past five decades, however, it has moved into the domain of science and given us a substantial body of…

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Time for a new gender-equality playbook

The old one isn't working. We need bolder leadership and MORE EXACTING EXECUTION
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