Monthly Archives: January 2018

(2nd UPDATE) For the 4th quarter of 2017 alone, the Philippine economy grows by 6.6%. Its 2017 growth places it 3rd in Asia behind China and Vietnam. Chris Schnabel and Chrisee Dela Paz, Rappler, Jan 23, 2018 MANILA, Philippines (2nd UPDATE) – A recovered agriculture sector, strong government consumption, as well as better exports and…

By Ivana Kottasová, CNN Money, Jan 22, 2018 (CNN Money) — More than $8 of every $10 of wealth created last year went to the richest 1%. That’s according to a new report from Oxfam International, which estimates that the bottom 50% of the world’s population saw no increase in wealth.

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by Ben O. de Vera, Inquirer, Jan 22, 2018 Even as the planned cut in corporate income tax rates will depend on the revenue gains of the second tax reform package, Finance Secretary Carlos G. Dominguez III expressed confidence that investors will understand the government’s thrust of balancing the grant of fiscal perks.

by Maila Ager, Inquirer, Jan 22, 2018 The signing into law of a landmark legislation that would institutionalize a national qualifications framework was a “dream come true” for the Philippine education sector, Senator Joel Villanueva said on Monday.

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SMEs paying 30% tax while big firms pay close to nil, DOF says This is a huge issue which the government wants to correct. Too many laws providing tax incentives and benefits to companies have essentially exempted big corporations from paying taxes, while the small fry suffer with the whopping 30 percent duty, the Department…

by Jennifer Artley, Jan 19, 2018 We often underestimate the scale and speed of change that occurred in the 20th century. Wave upon wave of scientific discovery and technological advance has transformed many aspects of our daily and working lives. As we strike out into the digital age it is our responsibility as business leaders…

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by ABS-CBN New, Jan 19, 2018 Nanganganib na mawalan ng kita ang humigit kumulang 40,000 transport network vehicle service (TNVS) drivers sa oras na maipatupad sa Pebrero 2 ang supply cap na iniutos ng Land Transportation Franchising and Regulatory Board (LTFRB).

Developments in the region suggest that the goal remains far from becoming a reality anytime soon. By Pavin Chachavalpongpun, Jan 19, 2018 Last month, the Philippines handed over the chairmanship of the ASEAN Intergovernmental Commission of Human Rights (AICHR) to Singapore. Immediately, Singapore’s representative to the AICHR, Shashi Jayakumar, vowed to take an active role in…

by ABS-CBN News, Jan 19, 2018 MANILA – The Department of Labor and Employment (DOLE) has enforced a ban on the deployment of overseas Filipino workers to Kuwait over recent deaths of seven migrant workers.

by Nima Elmi, Jan 18, 2018 In the face of rising inequality and falling levels of trust, political leaders and their citizens are becoming increasingly sceptical about the potential of further global integration to contribute to national interests. Yet at the same time, public and private sector organisations and individuals are embracing a range of…

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by Rosette Adel (philstar.com) – Jan 18, 2018 MANILA, Philippines — Prices of basic commodities and goods are expected to increase this year after the Tax Reform for Acceleration and Inclusion Law was enacted last December 19.

LTFRB spokesperson Aileen Lizada says Grab has around 55,000 units, while Uber has around 70,000 by Rambo Talabong, Rappler, Jan 18, 2018 MANILA, Philippines – The Land Transportation Franchising and Regulatory Board (LTFRB) has set the maximum number of cars operating ride-hailing applications like Grab and Uber at 45,700.

by Donna Lavares, ABS CBN News, Jan 18, 2018 Patay ang isang guwardiya matapos siyang tamaan ng naputol na crane hook, Miyerkoles sa Cebu City. Dead on the spot si Junrel Tenebroso matapos mabagsakan ng naputol na crane hook mula sa ika-14 na palapag ng isang construction site sa IT Park sa Cebu City.

by Jhesset O. Enano, Inquirer, Jan 18, 2018 The Department of Labor and Employment (Dole) is considering the proposal of the Associated Labor Unions-Trade Union Congress of Philippines (ALU-TUCP) to provide minimum wage earners P500 in monthly subsidy, according to Labor Secretary Silvestre Bello III.

by Brian Spaen, Jan 17, 2018 The cost of renewable energy sources like wind and solar continue to fall drastically, and it was only a matter of time before they were cheaper than fossil fuels. The International Renewable Energy Agency (IRENA) believes that’ll happen by 2020 based on their new report. Prices could be as…

by Julius N. Leonen, Inquirer, Jan 17, 2018 About 10 million Filipino families said they were suffering from poverty, according to a recent nationwide survey taken during the last quarter of 2017.

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By: Ben O. de Vera, Philippine Daily Inquirer, Jan 17, 2018 The state-run Government Service Insurance System (GSIS) will hire two foreign fund managers to invest a total of $800 million overseas in a bid to diversify the pension fund’s portfolio and almost double its rate of investment returns.

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(The Philippine Star) – Jan 16, 2018 MANILA, Philippines — The Board of Investments (BOI) said it expects approved investment pledges to further soar to P680 billion this year following a record high P617 billion in 2017.