Monthly Archives: April 2018

A wave of automation across industries could inspire upheaval in work, employment, and politics … at least for countries that are unprepared. By Greg Nichols for Robotics | April 23, 2018 In early 2017, President Barack Obama’s top economic and science advisers wrote a report entitled, Artificial Intelligence, Automation, and the Economy.

by Junko Fujita, Apr 23, 2018 TOKYO (Reuters) – Japan’s new home-sharing law was meant to ease a shortage of hotel rooms, bring order to an unregulated market and offer more lodging options for foreign visitors ahead of next year’s Rugby World Cup and the 2020 Tokyo Olympics.

BY BEN KRITZ, TMT, Manila Times, Apr 22, 2018 THE country’s benchmark Philippine Stock Exchange index (PSEi) has attracted more than its usual share of media attention of late for all the wrong reasons. Except for Venezuela, which is experiencing a self-inflicted economic disaster of almost ludicrous proportions, no other stock market index in the…

by Catherine Talavera (The Philippine Star) – Apr 21, 2018 MANILA, Philippines — Efforts to deepen financial inclusion in developing countries are gaining ground as over a third of Filipino adults now have financial accounts, the World Bank Group said.

By ANUSHKA KAPAHI, APRIL 20, 2018 The ASEAN Master Plan for Connectivity (AMPC) and China’s Belt and Road Initiative have major commonalities. Both envisage transport connectivity as a way of bringing countries closer to one another, facilitating better access to trade, investment, tourism and people-to-people exchanges.

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The global economy faces three big challenges, said Tao Zhang, a deputy managing director for the International Monetary Fund.

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April 20, 2018 The National Economic and Development Authority (NEDA) allayed concerns about imminent risks of overheating, stressing that the country’s solid macroeconomic conditions and ongoing reforms make the economy disposed for sustained and even higher growth.

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By: Greg Refraccion – @inquirerdotnet Inquirer, Apr 19, 2018 MARIVELES, BATAAN — A Chinese worker of a coal-fired power plant operated by the GN Power Corp. was killed by a steel beam that accidentally fell on his back on Wednesday in Alas-asin village here, police said.

https://blogs.adb.org/blog/will-automation-create-jobs-or-destroy-them 19 April 2018 In an era of sweeping transformations, one of the most important has been the dramatic reduction in poverty in developing Asia. Since 1990, more than one billion people have escaped extreme poverty, and many of them now earn a decent wage.

BY BEN KRITZ, TMT, Manila Times, Apr 19, 2018 IF we take the news reports from earlier this week at face value, we might draw the conclusion that a key part of the Philippine’s economic growth formula will be put in serious jeopardy once Congress starts deliberating on the second phase of the government’s comprehensive…

By Melissa Luz T. Lopez, Businessworld, Apr 18, 2018 THE PHILIPPINES can be expected to lead growth across major Asian economies, except India, up to 2019, according to an International Monetary Fund (IMF) report that nevertheless showed the country suffering the worst unemployment in Southeast Asia in the same years.

By: Gabriel Cardinoza, Inquirer Northern Luzon, Apr 18, 2018 DAGUPAN CITY — A truck driver was killed on Tuesday night (April 17) after he was run over by a payloader in a quarry site at Tayug town in Pangasinan province, police said on Wednesday (April 18).

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https://news.un.org/en/story/2018/04/1007502 While the world economy continues to show broad-based momentum, a new report released Tuesday by the International Monetary Fund (IMF) is warning that there may be choppy seas ahead, caused by increasing protectionism or tit-for-tat trade wars.

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Competition policy to separate commercial, regulatory functions of GOCCs By: Ben O. de Vera, Philippine Daily Inquirer, Apr 16, 2018 The government will rationalize the functions of state-run corporations such that they could no longer have commercial and regulatory mandates at the same time, Socioeconomic Planning Secretary Ernesto M. Pernia said.

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Know how to set financial goals, manage your income, and borrow money wisely by Don Kevin Hapal, Rappler, July 6, 2016 MANILA, Philippines – Overseas Filipino workers (OFWs) are often considered modern-day heroes. Their cash remittances help keep not only millions of families provided for, but also the Philippine economy afloat.

by Paud O’Keeffe, Aug 2017 While Generation X – or those born roughly between 1964 and 1980 – have adjusted to technological innovation and digital disruption, millennials are the ones actually propelling it. Most young people today will use online apps to shop for groceries, get a cab, read the news or find rental accommodation.

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by Lawrence Agcaoili (The Philippine Star), Apr 14, 2018 CLARK FREEPORT ZONE – The inflow of foreign direct investment (FDI) may reach $12 billion this year on the back of the country’s strong macroeconomic fundamentals, according to the National Economic and Development Authority (NEDA).

by Richmond Mercurio (The Philippine Star), Apr 13, 2018 MANILA, Philippines — The Department of Finance (DOF) and the Philippine Economic Zone Authority (PEZA) are bound to clash as the latter vowed to fight for the retention of the current set of incentives it is offering investors amid ongoing moves to rationalize fiscal perks.

by Boo Chanco (The Philippine Star), Apr 13, 2018 There is no such word in the English dictionary. Endo is a word coined in this country to refer to a controversial labor practice that the presidential candidate Rodrigo Duterte promised to end once he is elected president. Two years after, Duterte concedes it is tougher…

BY WILLIAM DEPASUPIL, TMT, Manila Times, April 13, 2018 THE Department of Labor and Employment (DoLE) will put up more shelter houses for overseas Filipino workers (OFWs) in Kuwait waiting for their repatriation to the Philippines.