Monthly Archives: September 2014

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15/09/14 – A moderate expansion is underway in most major advanced and emerging economies, but growth remains weak in the euro area, which runs the risk of prolonged stagnation if further steps are not taken to boost demand, according to the OECD’s latest Interim Economic Assessment.

MANILA, Philippines – Business groups and other sectors hailed the lifting of the truck ban in Manila yesterday but stressed a long-term plan of action is needed to address congestion at the ports.

MANILA, Philippines – The Department of Labor and Employment (DOLE) has rejected a proposal to allow small and medium enterprises nationwide to pay workers less than the prescribed minimum wage rates.

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ADB cites poor use of Filipino talent The Philippines lags behind most of its Asean neighbors in converting the innate creativity of its people into innovative and creative products, an Asian Development Bank (ADB) study showed.

More than a year before the 2016 polls, President Benigno Aquino III sought to separate his allies from his foes during a Palace event attended on Friday by members of his Cabinet, administration lawmakers and pro-government civil society groups.

The latest casualty is said to be 38th worker killed in an accident at the Korean shipbuilder’s shipyard since 2006 SUBIC FREEPORT, Philippines – Korean shipbuilder Hanjin Heavy Industries Corporation-Philippines (HHIC-Phil) reportedly suffered its latest worker casualty in an on-site accident – said to be the 38th since the shipyard began construction in 2006.

The latest casualty is said to be the 38th worker killed in an accident at the Korean shipbuilder’s shipyard since 2006 Randy V. Datu, Rappler, Sep 12, 2014 SUBIC FREEPORT, Philippines – Korean shipbuilder Hanjin Heavy Industries Corporation-Philippines (HHIC-Phil) reportedly suffered its latest worker casualty in an on-site accident – said to be the 38th…

Peace in our country, particularly in the strife-torn Mindanao, is of course the aspiration of all Filipinos. We are all looking forward to an era when our countrymen in that troubled part of our land will finally enjoy a more lasting orderly life free from violence and destruction. The signing of a peace accord and…

MANILA, Sept. 11 – In a thriving environment of robust economic growth and institutional reforms, the National Youth Commission (NYC) called on all stakeholders to remember and recognize the role of the Filipino youth in sustaining the country’s competitiveness.

The one-lane trade routes formulated to relieve traffic and port congestion are misapplied today. This has caused misery for the riding public, as well as the businessmen who create jobs and contribute to inclusive growth.

MANILA, Philippines – The public should brace for more traffic jams on roads around the Port of Manila as port decongestion is not expected to be completed until early 2015.

Administrators of Higher Education Institutions (HEIs) must by now, since it has been a year since it was promulgated, have started following what the Commission on Higher Education (CHED) ordered them to do through CMO 20, series of 2013.

MANILA, Philippines – The Department of Social Welfare and Development (DSWD) is confident that some 200,000 household beneficiaries of its flagship poverty alleviation program, the Pantawid Pamilyang Pilipino Program (4Ps), will be given financial literacy education this year.

MANILA, Philippines – No worries for techvoc graduates even with the Southeast Asian Economies (ASEAN) integration in 2015. Technical Education and Skills Development Authority (TESDA) chief Joel Villanueva gave assurances that Filipino techvoc graduates are well capable to compete with workers from other Asean workers.

I couldn’t believe what I was reading in the bill for the “Bangsamoro Basic Law” President Aquino personally submitted to Congress as his priority to implement his peace agreement last March with the Moro Islamic Liberation Front (MILF). Have Aquino and his negotiators gone mad?

Geneva (AFP) – The global economy will see only modest growth this year, the UN said Wednesday, calling for wage hikes to boost the demand and investment needed to move towards true recovery.

The UN’s trade body has joined a chorus of criticism of globalisation, warning that developing countries reap little value from taking part in global supply chains and that the costs of joining free-trade agreements may outweigh the gains.

ECONOMIC GROWTH in the first half of 2014 is slowing rather than picking up. The unusually strong growth of 7.2% in 2013, an election year, is unlikely to be replicated in 2014 and 2015. The last four “peaks” (2004, 2007, 2010 and 2013) occurred during election years. The emerging consensus is that growth in 2014…

Foreign direct investments (FDI) representing capital infused in domestic business ventures that remain invested for the long haul flowed inward on net basis in June this year, totaling $588 million, the Bangko Sentral ng Pilipinas said on Wednesday.

The Department of Trade and Industry (DTI) announced that it has reached an agreement with the Department of Finance (DOF) on the contentious measure to streamline fiscal incentives.

A lawmaker on Wednesday said that Energy Secretary Carlos Jericho L. Petilla and other energy officials must first exhaust all options under the authority and powers of the executive department and the Electric Power Industry Reform Act before asking President Aquino to seek emergency powers from Congress to solve the looming power crisis in the…

The National Economic and Development Authority (Neda) warned that if the instability of the country’s power supply will continue, the Philippines’s export growth may be affected for the rest of 2014.

From the National Economic and Development Authority Strong gains in the country’s employment in July 2014 show continued signs of dynamism in the labor market and sustained confidence in the economy, according to the National Economic and Development Authority (NEDA).

South Korea’s wage council has approved a 7.1-percent minimum wage increase that will be implemented next year and is expected to benefit over 35,000 Filipino workers once the Korean Minister of Employment and Labor approves it.

MANILA, Philippines—The head of the Trade Union Congress of the Philippines urged the government to invest more in education and infrastructure for the energy and agriculture sectors to draw more investments that would open up more jobs for workers.

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