Monthly Archives: July 2016

By Melissa Luz T. Lopez, Reporter, Businessworld, July 07, 2016 THE NEW government’s economic managers warned against being too reliant on the business process outsourcing (BPO) industry, as advances in technology could take the place of workers, thereby reducing the segment’s contribution to the economy.

by Anders Borg, Chair, World Economic Forum’s Global Financial System Initiative, 6 July 2016 The world after the Brexit referendum is fundamentally different. It will take decades before we will see the full consequences for Great Britain and the European Union. The process of negotiating a way forward for the co-existence of the United Kingdom…

By Helen Flores (The Philippine Star), July 6, 2016 MANILA, Philippines – The number of unemployed Filipinos rose by nearly two million in the first quarter of the year, according to the latest survey conducted by the Social Weather Stations (SWS).

By Prinz Magtulis (The Philippine Star), July 6, 2016 MANILA, Philippines – Growth targets and other macroeconomic assumptions were slashed yesterday as the new administration opted to be “conservative” despite planned aggressive spending focused on infrastructure. Gross domestic product (GDP), the sum of all products and services created, is targeted to rise between six and…

Laura El-Katiri, JULY 06, 2016, https://hbr.org/2016/07/saudi-arabias-labor-market-challenge?utm_source=twitter&utm_medium=social&utm_campaign=harvardbiz Saudi Arabia is in the middle of a major economic transformation, one whose scope and intensity may merit the label “unprecedented.”

Some 1,000 delegates, guests, and observers attended the 8th National Convention on 1 May 2016 in Quezon City, with the theme “Towards Decent Work and Equitable Development”, in compliance with the Court of Appeals Order (CA-G.R. SP No. 130863) and Supreme Court Decision (G.R. 213188), and in accordance with the TUCP Constitution and Bylaws. The…

Labor strikes, wage increase, and historical issues are reasons many Japanese manufacturers want to exit China and enter the Philippines Chrisee Dela Paz, June 05, 2015, http://www.rappler.com/business/industries/95369-japanese-manufacturers-china-relocate-philippines MANILA, Philippines – Around 200 Japanese companies in China want to relocate their bases here in the Philippines, as declining economic growth and rising wages there are making…

by Chito A. Chavez, July 4, 2016 (updated), http://www.mb.com.ph/involuntary-hunger-up-by-13-7-percent-sws/ A survey network said that the number of families that experienced involuntary hunger rose to 3.1 million in the first quarter of 2016, up from the previous quarter’s 2.6 million families.

By Edu Punay (The Philippine Star), July 4, 2016 – 12:00am In a one-page legal opinion sent to the Office of the President last June 23, the DOJ expressed its full support to House Bill 5417, the Proposed Philippine Credit Card Industry Regularion Law. Philstar.com/File photo MANILA, Philippines – The Department of Justice (DOJ) has…

by PERSIDA ACOSTA, Manila Times, July 4, 2016 Persida Acosta Dear PAO, I currently employ several household helpers in our home in Manila. Most of them are from far-flung provinces. In order to get their services, I usually pay for their transportation expenses, which include their food for the trip and financial allowance they need…

By Sheila Crisostomo (The Philippine Star), July 3, 2016 MANILA, Philippines – The Philippines ranks 15th out of the 23 countries in the Western Pacific with youth smokers.

By Nonnie Ferriol, Abante, July 2, 2016 Wala ng buhay na bumagsak sa lupa ang isang electrician makaraang aksidenteng mahulog mula sa bubungan ng isang bahay sa Quezon City, kamakalawa.

By: Joseph Jadway D. Marasigan @inquirerdotnet, July 1st, 2016 Twenty years ago, we didn’t have social media. Ten years before then, we didn’t have the web. If you work in web programming, online marketing, or mobile apps development, your job didn’t exist 20 years ago. Who knows the kind of jobs that will exist, say,…

by Boo Chanco (The Philippine Star), July 1, 2016 Today is the first day of the Duterte administration and there is a mountain range of high expectations. The past administration is leaving behind a number of crisis situations and new ones seem to be erupting every day. Over the last month, there had been five…

By WAYNE COLE, Reuters, July 1, 2016, http://www.gmanetwork.com/news/story/572024/money/economy/asian-factories-struggle-brexit-throws-up-new-threats?utm_source=GMANews&utm_medium=Twitter&utm_campaign=GMANewsTwitter SYDNEY – China’s factories flatlined in June as exports shrank and jobs were cut, a worrying trend evident across Asia that argues for yet more policy stimulus as doubts gather over the potency of measures taken so far.