Monthly Archives: October 2020

by Agence France-Presse, 13 Oct 2020 Washington, United States — The global economic crisis will not be quite as grim as feared this year, but GDP will still contract 4.4 percent and the pandemic means the outlook remains uncertain, the IMF said Tuesday.

by Daxim L. Lucas, Philippine Daily Inquirer, 12 Oct 2020 MANILA, Philippines—More long-term capital from overseas entered the Philippines in July marking the third consecutive month of increases for this key economic barometer.

by Ben O. de Vera, Philippine Daily Inquirer, 12 Oct 2020 MANILA, Philippines—The Philippines cannot revert to stringent COVID-19 lockdowns if it wanted to save jobs and lift more out of poverty when the pandemic ends, according to economic managers as two weeks of strict quarantine in Metro Manila and four provinces last August weighed…

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by Janvic Mateo (The Philippine Star), 11 Oct 2020 MANILA, Philippines — A Malaysian court has convicted the former employers of a Filipino for violation of the country’s anti-trafficking in persons and smuggling of migrants law, the Department of Foreign Affairs (DFA) said on Friday.

by Sheila Crisostomo (The Philippine Star), 11 Oct 2020 MANILA, Philippines — The number of healthcare workers infected with COVID-19 has hit 10,000, but a majority of them have recovered, the Department of Health (DOH) said yesterday.

by Ben O. de Vera, Philippine Daily Inquirer, 10 Oct 2020 The value of goods exported and imported by the Philippines in August fell by more than a fifth due to still weak global demand caused by the COVID-19 pandemic.

by Philippine Daily Inquirer, 10 Oct 2020 The Washington-based Institute of International Finance (IIF) has downgraded its 2020 and 2021 gross domestic product (GDP) projections for the Philippines due to the country’s slow COVID-19 containment.

By Eimor Santos, CNN Philippines, 10 Oct 2020 Metro Manila (CNN Philippines, October 10) — The Malaysian employers of a Filipina human trafficking victim have been convicted in court in their homeland, the Philippines’ Department of Foreign Affairs has announced.

by Louella Desiderio (The Philippine Star), 10 Oct 2020 MANILA, Philippines — Two German electronics firms are shutting down operations in the country due to the uncompetitive business environment, the Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) said.

by Paolo Romero (The Philippine Star), 10 Oct 2020 MANILA, Philippines — Senators and organized labor hit yesterday the proposal of the Department of Labor and Employment (DOLE) to allow distressed employers to defer the release of the 13th month pay to their workers.

by Ben O. de Vera, Philippine Daily Inquirer, 10 Oct 2020 The Washington-based Institute of International Finance (IIF) has downgraded its 2020 and 2021 gross domestic product (GDP) projections for the Philippines due to the country’s slow COVID-19 containment.

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By: Leila B. Salaverria, Philippine Daily Inquirer, 8 Oct 2020 MANILA, Philippines — Senior citizens should be able to go to groceries and shopping malls during designated hours in a day in order to get their necessities, according to the National Commission of Senior Citizens, a newly formed government body.

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by Cathrine Gonzales, Philippine Daily Inquirer, 8 Oct 2020 MANILA, Philippines — The Department of Education (DepEd) has achieved a “100 percent” enrollment in public schools amid the adverse impacts of the coronavirus disease 2019 (COVID-19) pandemic on the education sector.

by Reuters, 8 Oct 2020 NEW DELHI — Millions of people in South Asia are being pushed into extreme poverty as the region where a quarter of humanity lives suffers its worst-ever recession due to the devastating impact of the coronavirus pandemic, the World Bank said on Thursday.

by Gabriel Pabico Lalu, Philippine Daily Inquirer, 8 Oct 2020 MANILA, Philippines — The Department of Labor and Employment (DOLE) is considering to let companies and businesses “distressed” by the COVID-19 pandemic to defer its payout of the 13th-month bonus of their workers.

by Gabriel Pabico Lalu, Philippine Daily Inquirer, 8 Oct 2020 MANILA, Philippines — An overwhelming majority of Filipino adults — 86 percent — have admitted that they have been stressed over the prevalence of the COVID-19 pandemic, the latest Social Weather Stations (SWS) survey showed.

Workers, labor groups look to DOLE, lawmakers to fill the gaps in the government response to their sector’s pains during the pandemic—hopeful that moving forward, the pain will be better shared among all stakeholders. By Samuel Medenilla, Businessmirror, 8 Oct 2020 In this May 20, 2020 file photo, garment workers in Taytay, Rizal, whose livelihood…

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October 7 is World Day for Decent Work. Stay safe! Wear mask. Wash hands. Physical distancing. Build unions. Build decent work!

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by Alexis Romero (The Philippine Star), 7 Oct 2020 MANILA, Philippines — The country’s financial position is still “good” despite the pandemic, but strict quarantine restrictions are holding back the economy, according to the Department of Finance (DOF).