Monthly Archives: December 2021

by Philstar.com, 14 Dec 2021 MANILA, Philippines — The Senate on Tuesday unanimously approved on third and final reading a bill that would create a separate department for overseas Filipino workers despite opposition from economic officials who have warned about bloating the government with new agencies.

by Ramon Royandoyan – Philstar.com, 14 Dec 2021 MANILA, Philippines (Update 1, 6:51 p.m.) — A faster-than-expected growth in the third quarter prompted the Duterte administration to hike its economic target for this year, which officials said would be feasible if vaccination further picks up and pandemic curbs become looser.

by Philstar.com, 14 Dec 2021 MANILA, Philippines — The Quezon City government opened Tuesday the country’s first unified database to track cases of violence against women and children in the city.

by Helen Flores – The Philippine Star, 13 Dec 2021 MANILA, Philippines — The Philippines ranked 23rd in the Climate Change Performance Index (CCPI) 2022, Malacañang has announced.

by Philstar.com, 13 Dec 2021 MANILA, Philippines — UNESCO’s Media and Information Literacy Alliance has awarded Manila-based Out of the Box Literacy Initiative first prize in the 2021 Global Media and Information Literacy Awards for its projects for media literacy and against disinformation.

by Lawrence Agcaoili – The Philippine Star, 12 Dec 2021 MANILA, Philippines — Financial technology (fintech) companies continue to threaten Philippine banks that remain slow in developing digital services, Moody’s Investors Services said in a report.

by Alexis Romero – The Philippine Star, 12 Dec 2021 MANILA, Philippines — President Duterte has signed an executive order (EO) instituting measures to ensure consistent and reliable electricity service in inadequately served areas, including transferring the power to take over the operations of ailing electric cooperatives to the Office of the President.

by Elfren S. Cruz – The Philippine Star, 12 Dec 2021 For those who truly love the Philippines and the Filipino people, it is such a frustrating experience to read the history of this country and see how backward we are. For some people there is an image of wealth because there are a very…

by 12 Dec 2021 THE LABOR department on Sunday said it would monitor the economic activities of foreigners in the Philippines, after relaxing border controls amid a coronavirus pandemic.

By: Cathrine Gonzales, INQUIRER.net, 12 Dec 2021 MANILA, Philippines — The Department of Labor and Employment (DOLE) has suspended all labor inspection activities this December to enable the agency to finish all pending labor standards cases and prepare the inspection program for 2020, Labor Secretary Silvestre Bello said Sunday.

by Richmond Mercurio – The Philippine Star, 11 Dec 2021 MANILA, Philippines — Companies in the Philippines need to refresh the technologies and solutions in their cybersecurity infrastructure as more than a third of the cybersecurity technologies they use are considered outdated, a new study by Cisco showed.

by Louise Maureen Simeon – The Philippine Star, 11 Dec 2021 MANILA, Philippines — The country’s trade deficit has ballooned to its highest level in almost three years, with imports outpacing exports as the economy regains momentum to recover from the pandemic, according to the Philippine Statistics Authority (PSA).

by Lawrence Agcaoili – The Philippine Star, 11 Dec 2021 MANILA, Philippines — The asset quality of Philippine banks improved for the second straight month in October as the industry’s gross non-performing loan (NPL) ratio eased to a six-month low of 4.42 percent from the revised 4.44 percent in September, according to the Bangko Sentral…

by Lawrence Agcaoili – The Philippine Star, 11 Dec 2021 MANILA, Philippines — The net inflow of foreign direct investments (FDIs) expanded for a fourth straight month in September, prompting the Bangko Sentral ng Pilipinas (BSP) to raise its 2021 target to $8 billion.

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by Elijah Felice Rosales – The Philippine Star, 9 Dec 2021 MANILA, Philippines — The government has borrowed $23.4 billion, or about P1.18 trillion, from overseas sources to fund its pandemic efforts, but plans to bring down its financing program starting next year as revenue collections recover with the economy’s reopening.

By: Agence France Presse, 8 Dec 2021 PARIS — With Chilean lawmakers approving a same-sex marriage bill Tuesday, we look at the situation across the globe.

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by Louise Maureen Simeon – The Philippine Star, 8 Dec 2021 MANILA, Philippines — The return of restrictive lockdown measures in the third quarter discouraged foreign investments during the period, with overall resources being poured into the country nowhere near recovery.

by Eva Visperas – The Philippine Star ALCALA, Pangasinan, Philippines — A woman was arrested in Barangay Poblacion East in this town over the weekend for alleged exploitation of minors online.

by Louise Maureen Simeon – The Philippine Star, 8 Dec 2021 MANILA, Philippines — Inflation slowed as widely expected for the third straight month in November as prices of food items dropped, the Philippine Statistics Authority (PSA) said.

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by Ian Nicolas Cigaral – Philstar.com, 7 Dec 2021 MANILA, Philippines — There were fewer jobless Filipinos recorded in October, thanks to looser pandemic restrictions that have allowed people to find work. However, the quality of available jobs deteriorated in the face of hard economic times and high inflation.

by Ramon Royandoyan – Philstar.com, 7 Dec 2021 MANILA, Philippines — The World Bank on Tuesday upgraded its growth projection for the Philippines this year, but warned that effects of pandemic-induced economic scarring would mean the road to recovery would be rocky.

By: Doris Dumlao-Abadilla – Reporter, Philippine Daily Inquirer, 7 Dec 2021 The Philippine office property segment is seen to end this year on a strong note, with demand for additional office space rising by 38 percent from the level in 2020 when the pandemic disrupted most businesses, thanks to the resilient business process outsourcing (BPO)…

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BY CAI ORDINARIO, Businessmirror, 7 Dec 2021 OVER two million women rejoined the labor force in October but not all of them may have found decent jobs, according to the latest data released by the Philippine Statistics Authority (PSA), which reported higher underemployment on Tuesday.

By CNN Philippines Staff, 7 Dec 2021 Metro Manila (CNN Philippines, December 7) — The latest Social Weather Stations survey revealed that around 2.5 million Filipino families experienced involuntary hunger at least once in the past 3 months.

by December 6, 2021, Philstar.com MANILA, Philippines — Fourty-eight local agriculture groups are up in arms over the looming ratification of the Regional Comprehensive Economic Partnership (RCEP) trade agreement, which they said was finalized without consulting stakeholders in the farm sector.