Monthly Archives: April 2018

Leave Kuwait? Domestic helpers willing, but not the skilled workers

Published by reposted only Date posted on April 30, 2018

‘Bago niya pauwiin, tingnan muna niya ang unemployed sa Pilipinas. Sa Boracay nga, andami nang walang trabaho. Bigyan niya muna ng trabaho ang mga nasa Pilipinas,’ says a professional who has worked in Kuwait for 35 years by Don Kevin Hapal, Rappler, Apr 30, 2018 MANILA, Philippines – “Kung ‘yan ang desisyon ng Pangulo, why…

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Bottom 30% faced 5.3% inflation in Q1, highest in four years–PSA

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By Cai Ordinario, BusinessMirror, Apr 30, 2018 In Photo: A store owner arranges stacks of dried fish at Puerto Princesa City market in Palawan. Data from the Philippine Statistics Authority shows the increase in the price of essential food items in the first quarter of 2018 hit the poor the hardest.

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No more ‘business as usual’ for electricity in the Philippines

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By Eddie O’ Connor,, BusinessWorld, Apr 30, 2018 AS the economy in the Philippines continues to grow, energy demand races ahead. Recent analysis by the Asia Development Bank and the International Renewable Energy Agency (IRENA) suggests that energy consumption will grow by 40% by 2025, with an 85% increase in energy demand for electricity.

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Upskilling to cushion impact of automation on Filipino workers in BPOs–Experts

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By Cai Ordinario, Businessmirror, Apr 30, 2018 The country’s business-process outsourcing (BPO) sector should not fear the havoc that would be wreaked by automation on millions of Filipinos working in call centers, according to local and international experts.

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Priority bills when Senate resumes session on May 15

Published by reposted only Date posted on April 27, 2018
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Higher labor costs seen

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By: Roy Stephen C. Canivel, Philippine Daily Inquirer, Apr 27, 2018 Employers expect an increase in the cost of labor amid the government’s move to regularize more workers, officials in the private sector said.

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These bad-habits are killing you! 6 uncommon ways to improve your health…

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Selling the country to China? Debate spills into Malaysia’s election

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by Liz Lee, Reuters, Apr 27, 2018 KUANTAN – When Malaysia’s political parties unfurled their election flags and banners this month, Prime Minister Najib Razak’s critics sniggered on social media that the manufacturer named on banners of his ruling coalition was Chinese.

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Civil society is changing. Here are 10 must-reads on the top trends

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Manila fire kills 3 workers

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By: Julius N. Leonen – @JLeonenINQ INQUIRER., Apr 27, 2018 Three people were killed in a fire that hit a commercial establishment in Sta. Cruz, Manila early Friday.

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Macroeconomic assumptions approved by the DBCC

Published by reposted only Date posted on April 26, 2018
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It’s a go: Banks offer real-time fund transfer service

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It’s a go: Banks offer real-time fund transfer service Money can move in a jiffy through this platform. The Bangko Sentral ng Pilipinas (BSP) has rolled out the InstaPay service on Monday, April 23 meant to process real-time fund transfers across different banks and digital wallets.

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Remittance payments hit record in 2017: PH’s $33B is No.3 behind India, China

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By Agence France-Presse Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said Monday.

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Investors may leave PH if incentives removed, Japan chamber warns

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by Michelle Ong, ABS-CBN News, Apr 26, 2018 MANILA – Some Japanese companies may relocate their operations to other countries in Southeast Asia if fiscal incentives are removed in the second package of tax reforms in the Philippines, the head of the Japanese business lobby warned on Thursday.

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Developing Asia: Can technological disruptions be taken in stride?

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DOLE eyes welfare benefits for jobless Pinoys

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By Samuel P. Medenilla, Businessmirror, Apr 26, 2018 LOOKING for a job in the country is usually a monthlong gamble. This was revealed by the Philippine Statistics Authority (PSA) in the agency’s data from 2010 to 2015, which showed job seekers would usually spend from a month (4.6 weeks) or more (5.3 weeks) to find…

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Finland’s basic income test wasn’t ambitious enough

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The payments encouraged beneficiaries to take work that doesn’t pay a living wage. By Leonid Bershidsky, Apr 26, 2018 KELA, the Finnish social security agency, has failed to secure the funding it needs to extend its universal basic income experiment beyond this year. Although it’s sad that this grand leftist idea is suffering another setback,…

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Ending ‘endo’: How’s Duterte’s campaign promise?

Published by reposted only Date posted on April 25, 2018

By Eimor P. Santos, CNN Philippines, Apr 25, 2018 Metro Manila (CNN Philippines, April 24) — Two years ago, then presidential candidate Rodrigo Duterte promised to end contractualization in a week.

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European business group warns against removal of incentives

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by ABS-CBN News, Apr 25, 2018 MANILA – The European business lobby on Wednesday again cautioned against removing fiscal incentives for companies currently enjoying them and said the government’s proposed new corporate income tax rate still falls short when compared to those in other countries.

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Econ critics are stuck in the past

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Most of the broadsides ignore how much the field has changed. By Noah Smith, Apr 25, 2018 In last July, writer and researcher John Rapley penned an article in the British newspaper the Guardian entitled “How Economics Became a Religion.” This followed on the heels of shorter but equally acerbic critiques by Simon Jenkins in…

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Bahrain-Philippine cooperation discussed

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Manama, Apr.25 (BNA): The Undersecretary for International Affairs of the Ministry of Foreign Affairs, Dr. Shaikh Abdullah bin Ahmed Al Khalifa, met at the Ministry’s General Court today, the Undersecretary for Migrant Workers Affairs at the Philippine Department of Foreign Affairs, Sarah Lou Y. Arriola, currently on visit to Bahrain.

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From trade unions to NGOs: we all need a say in how tech is governed

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SC recognizes divorce in marriage with foreigners

Published by reposted only Date posted on April 24, 2018

In a landmark ruling, the Supreme Court says the State shall now recognize one form of divorce in a country that bans absolute divorce by Lian Buan, Rappler, Apr 24, 2018 BAGUIO, Philippines – The Supreme Court (SC) en banc issued a landmark ruling on Tuesday, April 24, recognizing divorce in marriages with foreigners.

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Top concerns for Filipinos

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https://www.philstar.com/happens/349#VJ7bKuFAuOViFRqd.99 The same Pulse Asia poll shows that Filipinos are most appreciative of the Duterte administration’s performance in responding to the needs of areas affected by calamities (86%).

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Finland will end its experiment with universal basic income after a two-year trial

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By ELI MEIXLER, Apr 24, 2018 Finland has decided not to extend its trial in universal basic income, the first welfare experiment of its kind by a European government that gave citizens an unconditional monthly payment.

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Government sees peso at 50-53:$1 until 2022

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by Ian Nicolas Cigaral (philstar.com) – Apr 24, 2018 MANILA, Philippines — The country’s policymakers on Tuesday said they expect the Philippine peso to trade at a range of P50 to P53 against the dollar this year until 2022 amid the normalization path taken by the US Federal Reserve.

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Philippines up a notch in Japan firms’ list of preferred investment sites

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by Richmond Mercurio (The Philippine Star) – Apr 24, 2018 MANILA, Philippines — The Philippines climbed a notch higher in the list of the most preferred investment destinations of Japanese companies in the world despite the country’s political situation and security becoming a more prevalent concern for investors.

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BSP says ‘only a question of time’ before it hikes rates to fight inflation

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By: Daxim L. Lucas, Philippine Daily Inquirer, Apr 24, 2018 Amid criticism that it failed to act preemptively to keep price hikes in check, the Bangko Sentral ng Pilipinas on Tuesday gave the strongest indication yet that it is ready to increase its key interest rate in a bid to rein in inflation which currently…

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JCCI warns tax reform will drive out investors

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by Janina C. Lim, Businessworld, Apr 24, 2018 THE JAPANESE business lobby has warned that the second tax reform package may prompt investors to leave the Philippines, in response to the reduction in incentives called for by the proposed reforms.

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Government sees peso at 50-53:$1 until 2022

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by Ian Nicolas Cigaral (philstar.com), Apr 24, 2018 MANILA, Philippines — The country’s policymakers on Tuesday said they expect the Philippine peso to trade at a range of P50 to P53 against the dollar this year until 2022 amid the normalization path taken by the US Federal Reserve.

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