Monthly Archives: July 2018

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RAID ON CHINESE-OWNED FISH FARM By: Joey A. Gabieta, Philippine Daily Inquirer, Jul 30, 2018 TACLOBAN CITY — Lured by a P5,000 monthly pay, a 15-year-old boy left his home here to join other male neighbors to work in a province in Luzon to help his family.

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Pernia: Security of tenure bill must be fair to both employers, workers Ben O. de Vera July 24, 2019 04:26pm MANILA, Philippines – The country’s chief economist on Wednesday said the pending security of tenure bill awaiting President Duterte’s signature needed to be tweaked in order to be fair to both business and labor sectors.…

by Lawrence Agcaoili (The Philippine Star), Jul 23, 2018 MANILA, Philippines — Economists of private banks expect higher inflation over the next three years amid higher and volatile global oil prices, weak peso, and the effects of the implementation of the tax reform program.

by Louella Desiderio (The Philippine Star), Jul 23, 2018 MANILA, Philippines — The Department of Trade and Industry (DTI) opposes the plan of the Philippine Economic Zone Authority (PEZA) to amend the Special Economic Zone Act to become a government owned and controlled corporation (GOCC) directly under the Office of the President and have the…

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By Tim Bross , Margaret Cronin Fisk , and Jef Feeley, Jul 13, 2018 Johnson & Johnson must pay $4.14 billion in punitive damages to women who claimed asbestos in the company’s talc products caused them to develop ovarian cancer. The company’s shares dropped in afterhours trading.

by Lawrence Agcaoili (The Philippine Star), Jul 12, 2018 MANILA, Philippines — A total of 52.8 million Filipino adults do not have bank accounts amid the heightened efforts of the Bangko Sentral ng Pilipinas (BSP) to promote financial inclusion. Results of the BSP’s 2017 Financial Inclusion Survey (FIS) show 60 percent of the respondents reported…

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By Greg Nichols for Robotics | Jul 10, 2018 New data confirms anecdotal reports of the blistering hot global automation industry That’s according to new data from the International Federation of Robotics, a major industry trade group. The data confirms previous anecdotal reports, as well as data from the Association for Advancing Automation (A3).

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‘Philippines on track to cut poverty’ by Julito G. Rada, Manila Standard, Jul 7, 2018 The 6.8-percent growth experienced in the first quarter this year puts the Philippines on track to sharply reduce poverty over the next four years, the country’s top economic managers said Friday.

By Juzel Danganan, Jul 6, 2018 MANILA — Filipinos are reaping the benefits, around PHP32.5 billion per month, due to the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law, an official of the Department of Finance (DOF) said.

(5TH UPDATE) Inflation climbs to another fresh high, exceeding market expectations and government forecasts by Ralf Rivas, Rappler, Jul 5, 2018 MANILA, Philippines (5th UPDATE) – Inflation continued to accelerate in June, reaching a fresh high of 5.2%, the Philippine Statistics Authority (PSA) reported on Thursday, July 5.

By Martin Mühleisen, http://www.ipsnews.net/2018/06/long-short-digital-revolution/ WASHINGTON DC, Jun 26 2018 (IPS) – Digital platforms are recasting the relationships between customers, workers, and employers as the silicon chip’s reach permeates almost everything we do—from buying groceries online to finding a partner on a dating website.

The Department of Labor and Employment says PLDT has been trying to ‘skirt’ around the law for years, violating labor laws and workers’ rights by Aika Rey, Rappler, Jul 3, 2018 MANILA, Philippines – The Department of Labor and Employment (DOLE) maintained that PLDT Incorporated must regularize more than 7,000 workers instead of terminating them.