Monthly Archives: June 2018

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By Dionisio Dennis, Jr. June 13, 2018 http://www.pna.gov.ph/articles/1038199 BAGUIO CITY — Two construction firm employees died when the barracks they were staying in was carried away by a landslide caused by gushing waters along Sandico Sreet in Barangay Salud Mitra here around 3 p.m. on Wednesday.

by Paolo Romero (The Philippine Star), Jun 13, 2018 MANILA, Philippines — Saying that prices of goods in the country have gone out of control, Sen. Paolo Benigno Aquino IV is urging the government to contain it by amending certain inflationary provisions of the Tax Reform for Acceleration and Inclusion (TRAIN) law.

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by Jess Diaz (The Philippine Star), Jun 10, 2018 MANILA, Philippines — State universities and colleges (SUCs) were urged yesterday to post within their campuses guidelines on the government’s free college education program.

by Emmanuel Tupas (The Philippine Star), Jun 10, 2018 MANILA, Philippines — At least 30 people could face criminal and administrative complaints in connection with the mall fire in Davao City in December 2017 that killed 38 people, the Department of the Interior and Local Government (DILG) said.

by Mary Grace Padin (The Philippine Star), Jun 10, 2018 MANILA, Philippines — A suspension of the Tax Reform for Acceleration and Inclusion (TRAIN) Law would ultimately increase the country’s debt burden, slowdown economic growth and exacerbate poverty, according to fiscal policy advocate Action for Economic Reforms (AER).

by Catherine Talavera (The Philippine Star), Jun 10, 2018 MANILA, Philippines — The National Home Mortgage Finance Corp. (NHMFC) plans to implement a guarantee model for its reverse home mortgage program in a bid to lure more senior citizen borrowers.

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by Gaea Katreena Cabico (philstar.com), Jun 8, 2018 MANILA, Philippines — The Philippines has been listed again as one of the worst countries for workers in the world by the International Trade Union Confederation’s 2018 Global Rights Index.

by Janina C. Lim, BusinessWorld, Jun 8, 2018 THE International Labor Organization (ILO) said the Philippines is moving forward both in terms of its compliance with international labor laws and resolving the issue of contractualization.

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By TED CORDERO, GMA News A typical Filipino family needs a monthly income of P42,000 to live decently, Socioeconomic Planning Secretary and National Economic and Development Authority (NEDA) Director General Ernesto Pernia said on Thursday.

By BusinessMirror Editorial, Jun 7, 2018 The American Chamber of Commerce of the Philippines (AmCham) is an important part of the local business scene and has been for nearly 100 years. Its stated purpose: “The Chamber exists to serve the interests of Philippine and American businesses through the participation of members in promoting their long-term…

35% of women – 818 million women globally – over the age of 15 have experienced sexual or physical violence at home, in their communities or in the workplace. (Source: World Health Organisation)

by Gerardo P. Sicat (The Philippine Star), Jun 6, 2018 Concern about rising prices has led to renewed demand to raise the minimum wage. In fact, it has led to proposals to radically raise the country’s already high national minimum wage.

by Dharel Placido, ABS-CBN News, Jun 06 2018 MANILA—President Rodrigo Duterte on Wednesday said he will put problematic government offices, which are beyond his jurisdiction, under his personal control.

by Lawrence Agcaoili, Czeriza Valencia, with Christina Mendez(The Philippine Star), Jun 6, 2018 MANILA, Philippines — The rate of increase in consumer prices hit a fresh five-year high of 4.6 percent in May and monetary authorities said inflation remains a concern despite signs it is slowing down. Last month’s inflation – or the rate of…

by Ian Nicolas Cigaral (philstar.com), Jun 6, 2018 MANILA, Philippines — Respect for both labor and human rights is important to investors, the European Union reminded the Philippines.

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By: Ben O. de Vera – Reporter / @bendeveraINQ Philippine Daily Inquirer, Jun 05, 2018 The jobless rate slightly declined to 5.5 percent in April although underemployment inched up to 17 percent, the government reported Tuesday.

By Siegfrid Alegado, Bloomberg, Jun 5, 2018 It’s not only consumers who are taking a hit from rising prices in the Philippines. Companies are feeling the pressure as higher oil prices and a weak currency boost their costs.

By: Anthony Q. Esguerra – Reporter / @AEsguerraINQ INQUIRER.net, Jun 05, 2018 European Union (EU) Ambassador to the Philippines Franz Jessen on Tuesday said foreign investors are more concerned about “red tape” in the country rather than increasing the daily minimum wage.

By CNN Philippines Staff, Jun 5, 2018 Metro Manila (CNN Philippines, June 5) — Inflation rate rose to 4.6 percent in May from a year ago, the highest level in five years, the Philippine Statistics Authority announced Tuesday.

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Positive forecasts lead the public and private sector to ‘celebrate’ by borrowing more, says IMF paper By Georgi Kantchev, Jun 5, 2018 Good economic forecasts may be too much of a good thing: They could help cause a recession.