Monthly Archives: January 2019

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by Janvic Mateo with Alexis Romero, Edith Regalado, The Philippine Star, Jan 18, 2019 MANILA, Philippines — Some 2.4 million Filipino families experienced involuntary hunger in the last quarter of 2018, fewer than the estimated 3.1 million recorded by the Social Weather Stations (SWS) in the preceeding survey period.

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by Ian Nicolas Cigaral, philstar.com, Jan 17, 2019 MANILA, Philippines — The Philippine economy will likely post sluggish growth this year, according to the latest projections of a regional think tank and of economists at HSBC Private Banking.

by Gerardo P. Sicat, The Philippine Star, Jan 16, 2019 The Philippine business community was rocked on Jan. 8 by the announcement of the bankruptcy of Hanjin Heavy Industries and Construction Philippines – the Korean shipbuilding company based in the country.

by Bebot Sison Jr., The Philippine Star, Jan 16, 2019 SUBIC BAY FREEPORT , Philippines — The Olongapo City Regional Trial Court (RTC) Branch 72 on Monday granted Hanjin Heavy Industries and Construction-Philippines’ petition for receivership and put the Korean shipbuilding firm under corporate rehabilitation.

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by Raymund Catindig, The Philippine Star, Jan 15, 2019 TUGUEGARAO CITY, Cagayan, Philippines — Two salesmen died of electrocution in Barangay Centro, Sta. Ana, Cagayan on Sunday.

Industry groups blame higher taxes, inflation; see recovery this year By: Roy Stephen C. Canivel, Philippine Daily Inquirer, Jan 15, 2019 Vehicle sales fell by 16 percent last year, the worst full-year decline since the financial crisis in 1998. Members of two large automotive groups in the country sold 357,410 units last year, much less…

BY BEN KRITZ, TMT, Manila Times, Jan 15, 2019 THE unexpected bankruptcy of Hanjin Heavy Industries and Construction Philippines (HHIC) late last week has been characterized as a disappointing but manageable situation by government and banking officials. This is an altogether predictable response, and one that they are perhaps duty-bound to offer the public.

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by Pathricia Ann V. Roxas, Philippine Daily Inquirer, Jan 14, 2019 MANILA, Philippines — The House of Representatives unanimously approved on Monday a bill seeking to punish catcalling and other gender-based harassment in public spaces and online.

by Iris Gonzales, The Philippine Star, Jan 14, 2019 MANILA, Philippines — Two other shipping giants operating in the Philippines are braving the rough waves of the global shipping business and are even expanding their business in the country.

by Louella Desiderio, The Philippine Star, Jan 14, 2019 MANILA, Philippines — Investment pledges with the Philippine Economic Zone Authority (PEZA) fell 41 percent last year from 2017 amid investor concerns on government’s plan to change the incentives regime under its tax reform program.

by Stelian Coros, 14 Jan 2019 In the future, robots will be ubiquitous but they will not take everyone’s jobs. Advances in the field should pave the way to a future in which robots and humans can work together with ease.

by Janvic Mateo, The Philippine Star, Jan 13, 2019 MANILA, Philippines — The number of Filipinos who consider their families poor went down to 11.6 million in the fourth quarter of last year, according to a recent survey by Social Weather Stations (SWS).

by Consuelo Marquez, Philippine Daily Inquirer, Jan 12, 2019 MANILA, Philippines — About 11.6 million Filipino families or 50 percent consider themselves poor, a recent survey result from Social Weather Stations (SWS) showed.

by Margaret Claire Layug/BAP, GMA News, Jan 12, 2019 The workers of a Subic-based shipbuilding company that filed for a voluntary rehabilitation with the Olongapo Regional Trial Court are highly skilled so they may find job opportunities in other industries, according to a Department of Labor and Employment (DOLE) official.

By CNN Philippines Staff, Jan 11, 2019 Metro Manila (CNN Philippines, January 10) — President Rodrigo Duterte has signed the Telecommuting Act, which allows employees in the private sector to work from home.

Top 5 lenders take control of $1.6-B Hanjin shipyard By: Daxim L. Lucas, Miguel R. Camus, Philippine Daily Inquirer, Jan 11, 2019 Five of the country’s largest banks are rushing to cover a combined loan exposure of $412 million, most of it lent without the benefit of collateral protection, after the local shipbuilding unit of…

BY WILLIAM DEPASUPIL, TMT, Manila Times, Jan 11, 2019 THE Department of Labor and Employment (DoLE) has issued an order limiting the deployment of household service workers (HSWs) or domestic helpers to the Middle East by 10 percent.

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By Don Reisinger, Jan 10, 2019 An artificial intelligence expert and venture capitalist predicts automation will cause major changes in the workforce. Speaking to CBS News’ Scott Pelley in an interview for 60 Minutes on Sunday, Kai Fu Lee said that he believes 40% of the world’s jobs will be replaced by robots capable of…

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by Alexis Romero, The Philippine Star, Jan 10, 2019 MANILA, Philippines — President Duterte has signed into law a measure that aims to prevent the spread of HIV and AIDS and provide more services to people living with the health condition.