Monthly Archives: June 2016

By Noel Abuel, Abante, June 24, 2016 Pinaghahanap ng Kuwaiti police ang isang lalaki na pinaghihinalaang humalay sa isang Pinay household worker sa isang disyerto.

How to minimise the damage of Britain’s senseless, self-inflicted blow Jun 24th 2016 | From the print edition Timekeeper http://www.economist.com/news/leaders/21701265-how-minimise-damage-britains-senseless-self-inflicted-blow-tragic-split?force=scn/tw/te/pe/ed/atragicsplit HOW quickly the unthinkable became the irreversible. A year ago few people imagined that the legions of Britons who love to whinge about the European Union—silly regulations, bloated budgets and pompous bureaucrats—would actually vote to…

Uncertainty abounds. Expect a global chilling effect on investment Jun 24th 2016, http://www.economist.com/news/finance-and-economics/21701292-uncertainty-abounds-expect-global-chilling-effect-investment-why-brexit?fsrc=scn/tw/te/pe/ed/whybrexitisgrimnewsfortheworldeconomy NIGEL FARAGE, the leader of the UK Independence Party, told elated supporters that June 23rd should go down as Britain’s Independence Day. The reaction in financial markets to Britain’s vote to leave the European Union was rather less euphoric. During the Asian…

By Rey Gamboa (The Philippine Star), June 23, 2016, http://www.philstar.com/business/2016/06/23/1595612/liberalizing-power-sector-one-slow-painful-step-time The 15-year-old Electric Power Industry Reform Act (EPIRA) continues to test the nation’s patience. Amidst calls for its repeal, one thing stands out: EPIRA has still failed to bring down power rates in the country.

By Armida Rico, Abante, June 23, 2016 Para lamang mabuhay at kumita, ilang mga overseas Filipino workers (OFWs) ang nagbebenta ng kanilang dugo dahil sa hindi nakatatanggap ng sahod sa loob ng limang buwan sa kanilang pinagtatrabauhan kumpanya sa Saudi Arabia.

By Lourdes O. Pilar, Senior Research Associate, Businessworld, http://www.bworldonline.com/content.php?section=TopStory&title=april-job-situation-better-than-a-year-ago&id=128786 THE RANKS of the jobless shrank last quarter from a year ago, as employment increased in the sectors of the economy that fueled growth in that period.

By Prinz Magtulis (The Philippine Star), June 22, 2016, http://www.philstar.com/headlines/2016/06/22/1595445/businessmens-wish-list-tax-cuts-national-id DAVAO CITY, Philippines – Lower income and corporate taxes. A national identification system. Automation of business permit processing, and faster broadband and phone services.

By Gerardo P. Sicat (The Philippine Star), June 22, 2016, http://www.philstar.com/business/2016/06/22/1595265/options-improve-labor-market-policies-and-mulitply-good-jobs-part-ii In last week’s column, I presented the discouraging aspects of employment generation in the country using a recent World Bank analysis of the problem.

By: Ben O. de Vera @BenArnolddeVera, Philippine Daily Inquirer, June 22nd, 2016, http://business.inquirer.net/211273/dont-try-to-corrupt-us#ixzz4D2o7GWFC DAVAO CITY, Philippines—If you don’t want us to be corrupt, you should do your part and not attempt to corrupt us. This was the message of the economic managers of the incoming Duterte administration to the country’s business leaders at the end…

@inquirerdotnet Philippine Daily Inquirer, June 22nd, 2016, http://newsinfo.inquirer.net/791731/ph-deadly-for-environmentalists The Philippines is not only the second most dangerous place for journalists, it is also the second deadliest country for environmental activists.

By: Philippines News Agency, June 22, 2016, http://interaksyon.com/article/129398/doh-unicef-pick-5-pilot-areas-for-hiv-aids-prevention-program-for-youth ILOILO CITY — The Department of Health (DOH) and Unicef selected five highly urbanized cities in the country as pilot areas for HIV-AIDS program, especially for young people.

By Noah Smith, June 22, 2016, http://www.bloomberg.com/view/articles/2016-06-22/the-myth-of-austerity-and-growth Greg Mankiw, a Harvard economist and a respected voice in economic policy-making, recently wrote a New York Times article discussing five possible explanations for slow growth in rich countries. The final possibility he discusses is one that I haven’t seen much in recent years — the notion that…

UP-Baguio accident: Construction firm lacks permit By DANICA GUIEB, Sunstar, June 22, 2016 APO General Construction, the firm handling the University of the Philippines – Baguio infrastructure project, has been asked to halt work, after an accident killed one worker.

By TREFOR MOSS, June 21, 2016, http://www.wsj.com/articles/robots-on-track-to-bump-humans-from-call-center-jobs-1466501401 MANILA—The Philippines’ economically important call-center industry has joined the growing list of businesses at risk of being gobbled up by automation.

The yearly ritual of doling out incremental and somewhat disappointing salary increases is quietly disappearing. by Rebecca Greenfield, rzgreenfield, June 21, 2016, https://ntucphl.org/wp-admin/post.php?post=60557&action=edit Annual pay raises don’t work. The salary increase serves two purposes: to motivate workers and to keep employees from leaving for a better-paying job. In its current form, the traditional raise does…

http://tacticalinvestor.com/inequality-crisis-62-people-own-as-much-as-3-6-billion-poor-people/?nabe=4593351574159360:0,5209553216471040:0,5652500441464832:0&utm_referrer=https%3A%2F%2Ft.co%2F4gar1BwlIf Things continue to go from bad to worse; if you look at the dates, you will notice that conditions started deteriorating rapidly after 2010. 2009 was when the world experienced one of the worst financial catastrophes of all time. How did the U.S government decide to deal with this meltdown that was perpetrated by…

By Rey Galupo (The Philippine Star), June 21, 2016,http://www.philstar.com:8080/metro/2016/06/21/1595002/guard-found-dead-elevator-shaft MANILA, Philippines – A 20-year-old security guard was found dead in the elevator shaft of a 21-story building in Tondo, Manila Sunday afternoon.

Brussels (dpa) – EU member states agreed Tuesday on measures aimed at cracking down on corporate tax cheats, but were accused of not taking firm enough action following a recent spate of tax avoidance scandals. The measures, based on proposals made by the European Commission in January, are part of a wider battle against multinationals…

By: Joann Santiago, Philippines News Agency, June 20, 2016, http://interaksyon.com/business/129301/incoming-duterte-admin-hikes-economic-agenda-to-10-items DAVAO CITY – Sustained economic growth and ensure that its impact is equitable to all Filipinos. This is the goal of the incoming Duterte administration through its 10-point economic agenda presented before some 300 delegates of the two-day business consultation dialogue dubbed “Sulong Pilipinas: Hakbang…

By Boo Chanco (The Philippine Star), May 20, 2016, http://www.philstar.com/business/2016/05/20/1584917/squatters-intramuros Squatters are now called “informal settlers.” And in the case of Intramuros, it may not even be right to call them such because many of them are renting from registered land owners.

Jose Bimbo F. Santos, InterAksyon.com, June 20, 2016, http://www.interaksyon.com/infotech/philippines-now-fastest-growing-smartphone-market-in-asean-idc MANILA — Smartphone spending in the Philippines is now the fastest in the Southeast Asian region driven by surging consumer demand on a very nascent market populated by active players according to market research firm IDC.

By: Bayani San Diego Jr. @inquirerdotnet, Philippine Daily Inquirer, June 20th, 2016, http://entertainment.inquirer.net/196355/ofw-film-wins-in-ny-fest-filipino-domestic-helper-bags-best-actress-honor According to the film’s website, “Remittance” is a “realistic portrayal of low-wage migrant workers in Singapore, shot in real locations with a cast that includes actual domestic workers.”

PNA Nation, June 20, 2016, http://www.update.ph/2016/06/duterte-administrations-10-point-economic-agenda/6652 Sustained economic growth and ensure that its impact is equitable to all Filipinos. This is the goal of the incoming Duterte administration through its 10-point economic agenda presented before some 300 delegates of the two-day business consultation dialogue dubbed “Sulong Pilipinas: Hakbang Tungo sa Kaunlaran (Philippines Onwards: A Step…

by Jeanne Sahadi @CNNMoney, June 20, 2016, http://money.cnn.com/2016/06/20/pf/workplace-benefits/index.html?sr=twmoney062116workplace-benefits0100AMStoryLink&linkId=25736855 Far more employers used to offer subsidized childcare, mortgage assistance and employee stock purchase plans than they do today.

Lalaki, patay matapos mahulog ang ino-operate na crane sa Caloocan; ina, umapela ng tulong | @jeffreyhernaez pic.twitter.com/ejcTFZgEEa — DZMM TeleRadyo (@DZMMTeleRadyo) June 14, 2016

19 Jun 2016,http://www.newshub.co.nz/nznews/more-rcep-progress-needed—mcclay-2016061915#ixzz4C5hTZjiX Progress was made in Regional Comprehensive Economic Partnership talks in Auckland, says Trade Minister Todd McClay.

Sweden’s tax cut provides a rare bit of cheer for the nuclear industry Jun 18th 2016 | From the print edition, Timekeeper, http://www.economist.com/news/business/21700678-swedens-tax-cut-provides-rare-bit-cheer-nuclear-industry-keeping-northern?fsrc=scn/tw/te/pe/ed/keepingonthenorthernlights

Now, like then, a financial crisis has left deep scars by Enda Curran, June 17, 2016, http://www.bloomberg.com/news/articles/2016-06-16/world-economy-flashes-hint-of-1937-38-redux-says-morgan-stanley