Monthly Archives: October 2016

PH 3rd most optimistic economy – global business survey

Published by reposted only Date posted on October 31, 2016

The survey shows optimism of Philippine businesses stood at 84% in the 3rd quarter of the year, way above the average of 42% By Rappler.com, Oct 31, 2016 9:00 PM MANILA, Philippines – The Philippines emerged as the 3rd most optimistic economy among 37 countries driven by strong prospects in revenues, exports, and the Association…

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Palscon, other groups unite to end contractualization

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(The Philippine Star), October 31, 2016 MANILA, Philippines – The Philippine Association of Legitimate Service Contractors (Palscon), has linked up with other groups to end the illegal employment practice of “contractualization” or “end of contract,” more popularly known as “endo” and “5-5-5.”

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Proposed labor policies to hurt Philippine export growth

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By Richmond Mercurio (The Philippine Star), October 31, 2016 MANILA, Philippines – Proposed labor policies, which include wage adjustments and the termination of the end-of-contract (endo) work arrangement, are seen to drag down the country’s already slumping export growth, the Philippine Exporters Confederation Inc. (Philexport) said.

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Mindanao elite investors

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By: Rolando T. Dy /@inquirerdotnet, October 31, 2016 Some 60 companies/groups (an incomplete list) have invested more than P1 billion each in the region. About 26 have focus in agribusiness; others are into diversified businesses (11); property and retailing (11); and mining, power, manufacturing and services (12).

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NBI to conduct lifestyle check on government execs, workers

Published by reposted only Date posted on October 29, 2016

By Edith Regalado (The Philippine Star), October 29, 2016 DAVAO CITY, Philippines – On President Duterte’s orders, the National Bureau of Investigation (NBI) will conduct lifestyle check on ranking officials and other government workers. Duterte made the announcement upon his arrival at the Davao International Airport Thursday night from a three-day state visit to Japan.

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Cabinet gets high mark in poll

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By Helen Flores (The Philippine Star), October 29, 2016 MANILA, Philippines – The Cabinet’s net satisfaction rating in the first three months of President Duterte’s government surpassed the rating of the Cabinets of past administrations during the same period, according to the latest survey of the Social Weather Stations (SWS).

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SSS eyes options to pursue pension increase

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By Prinz Magtulis (The Philippine Star), October 29, 2016 MANILA, Philippines – The Social Security System (SSS) presented yesterday six options on how to pursue the planned pension hike of P2,000, none of which involved increasing contributions, hence risking fund depletion just after a decade.

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SSS eyes toll road investments

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By Prinz P. Magtulis (The Philippine Star), October 29, 2016 MANILA, Philippines – Toll roads should source at least a quarter of their funding from pension funds like the Social Security System (SSS) for a sustained stream of revenues, the agency’s new chair said.

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Philippines ratifies WTO trade facilitation deal

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By Louella Desiderio (The Philippine Star), October 29, 2016 MANILA, Philippines – The Philippines has ratified the World Trade Organization’s Trade Facilitation Agreement (TFA) which seeks to make trading of goods easier through lower costs and streamlined procedures.

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House committee OKs 130 days maternity leave

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By Jess Diaz (The Philippine Star), October 29, 2016 MANILA, Philippines – The House of Representatives Committee on Women and Gender Equality has endorsed for plenary approval a bill seeking to increase the maternity leave period to 130 days.

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Bagong modus ng human trafficking nabuking

Published by reposted only Date posted on October 28, 2016

By Noel Abuel, October 28, 2016, Abante Naharang ng mga tauhan ng Bureau of Immigration (BI) sa Ninoy Aquino International­ ­Airport (NAIA) ang isang Filipina na biktima ng ­human trafficking na nagtangkang umalis ng ­bansa gamit ang pekeng ­dokumento.

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Philippine stocks slump most in Asia as foreign selloff deepens

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By Ian Sayson, Bloomberg, 2016-10-28 Philippine stocks headed for their worst month in more than a year as investors flee a market that was flying high three months ago.

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Duterte orders NEDA to craft new Philippine Development Plan

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By Alexis Romero (The Philippine Star), October 28, 2016 MANILA, Philippines – President Duterte has ordered the National Economic and Development Authority (NEDA) to craft the country’s development plan for his term and to make sure the marginalized sectors are consulted.

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IDRP: Giving credit card debtors a new lease on financial life

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by Jimbo Owen B. Gulle, Oct 28, 2016 Have you ever maxed out a credit card, or multiple cards? And if you have, have you ever hoped that you could get back in the good graces of credit card companies and enjoy using plastic money again?

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TUCP Message for National Productivity Conference, October 2016

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MESSAGE TUCP Vice President and Federation of Free Farmers President LEONARDO Q. MONTEMAYOR “National Productivity Conference: Creating Value for Workers and Enterprise” 27 October 2016, Jen Hotel, Pasay City (Greetings!) TUCP President Ruben Torres extends his apologies for not being able to join us today. He is out of the country for an equally important…

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Security of tenure now! unions tell government

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(Report on the National Conference on Constructive Industrial Relations held on 17-18 May 2016, Manila) 5.18.2016, Manila. –Some 1,000 trade union leaders (41% women) reiterated workers’ call for passage of stronger, better, and workable labor law to ensure security of tenure and constructive industrial relations in the country amidst pervasive use of contractual and precarious…

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Poverty incidence among Filipinos registered at 21.6% in 2015 – PSA

Published by reposted only Date posted on October 27, 2016

Read the article here.

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Oct. 26, 2016 – Unpaid hours are another aggravation for Philippine workers. Sales and fast food workers are required to report for work early…

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Oct. 26, 2016 – Unpaid hours are another aggravation for Philippine workers. Sales and fast food workers are required to report for work early (even over an hour before paid time) to prepare for work or to prepare items, materials or food for sale or display.  Then they are required to stay longer after paid…

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We can recycle everything we use, including cigarette butts and toothbrushes. So why don’t we?

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Written by Tom Szaky, 27 October 2016, https://www.weforum.org/agenda/2016/10/we-can-recycle-everything-we-use-so-why-don-t-we?utm_content=buffer6b1a6&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer Within the broad range of sustainability concepts and activities, recycling is without doubt the most easily understood and accessible: individuals and groups, old and young, communities and institutions can participate.

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IT-BPO industry eyes new markets in Asia, Europe; sees slower growth in next 6 years

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By: Jun Ebias, InterAksyon.com, October 27, 2016 MANILA – The country’s booming IT-BPO industry is confident growth would still be at more than 9 percent a year until 2022 despite recent pronouncements from President Rodrigo Duterte that his administration will “separate” from the United States, and forge strong ties with China, Japan, and other countries…

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Philippines boosts global ranking in ease of doing business

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By Richmond Mercurio (The Philippine Star), October 27, 2016 MANILA, Philippines – Reforms made by the previous administration have propelled the Philippines higher in the rankings of the World Bank Group’s annual ease of doing business report.

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IT-BPO industry eyes new markets in Asia, Europe; sees slower growth in next 6 years

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By: Jun Ebias, InterAksyon.com, October 27, 2016 MANILA – The country’s booming IT-BPO industry is confident growth would still be at more than 9 percent a year until 2022 despite recent pronouncements from President Rodrigo Duterte that his administration will “separate” from the United States, and forge strong ties with China, Japan, and other countries…

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2-4% inflation target for 2017-2018 stays – BSP

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By Lawrence Agcaoili (The Philippine Star), October 27, 2016 Based on preliminary estimates, BSP Deputy Governor Diwa Guinigundo said the higher excise tax on petroleum products, the corresponding rise in transport fares, and higher electricity rates would stoke inflation by 0.47 percent next year and by 0.43 percent in 2018.

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Japan firms urge Philippines to ease limits on foreign stakes

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By Christina Mendez (The Philippine Star), October 27, 2016 TOKYO – Japanese business groups urged the Philippines yesterday to speed up the lifting of constitutional restrictions in doing business in the country, describing it as a major obstacle in increasing foreign direct investments (FDI).

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Global imbalances, a pre-crisis scourge, are back

Published by reposted only Date posted on October 26, 2016

BY R.A. | WASHINGTON, Oct 26th 2016, http://www.economist.com/blogs/freeexchange/2016/10/glut-punch?fsrc=scn/tw/te/bl/ed/glutpunchglobalimbalancesaprecrisisscourgeareback BRAD SETSER, an economist at the Council on Foreign Relations, is the author of a new discussion paper looking at “the return of the East Asian savings glut”. A summary of his paper begins in arresting fashion:

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Philippines No. 1 in gender equality in Asia; 7th in world

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By Richmond Mercurio (The Philippine Star), October 26, 2016 The World Economic Forum (WEF)’s Global Gender Gap Report 2016 showed the Philippines closing nearly 79 percent of its gender gap.

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Philippines closes gender gap in health, education

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By Patricia Lourdes Viray (philstar.com), October 26, 2016 MANILA, Philippines — The Philippines’ gender gap on the subindex of health and survival remains fully closed while it has re-closed the educational attainment subindex, according to the Global Gender Gap Report 2016 published by the World Economic Forum (WEF) on Tuesday.

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Oct. 12, 2016 – Delayed release of last pay (and other benefits) constitute more than half of complaints brought to the attention of TUCP by call center agents. Even when resignations have been timely filed, and clearances have been issued by employers. Despite numerous follow ups.

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Ilocos wage board sets kasambahay monthly minimum at P2,500-P3,500

Published by reposted only Date posted on October 25, 2016

By: InterAksyon.com, October 25, 2016 MANILA, Philippines — Domestic workers in the Ilocos region should now be earning a minimum monthly wage of P2,500-3,500 after the latest order of the Regional Tripartite Wages and Productivity Board.

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Why humankind is not ready for the bionic revolution

Published by reposted only Date posted on October 24, 2016

by Daily Dose, October 24, 2016, http://www.ozy.com/pov/why-humankind-isnt-ready-for-the-bionic-revolution/72555?utm_source=dd&utm_medium=email&utm_campaign=10242016&variable=52af57bdb25c500ad0fe628fd8cf4052 In the coming decades — probably sooner than most people realize — the next great wave of technological change will hit us. Its impact will be similar in scope to the advent of computers, cell phones and the internet. But it won’t be our gadgets being transformed; it…

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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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