The Bangko Sentral ng Pilipinas (BSP) and the Department of Labor and Employment (DoLE) are in the process of crafting new guidelines governing outsourcing of jobs in the banking industry.
The new guidelines are intended to harmonize the regulations on outsourcing currently covered by BSP Circular 268 and DoLE Department Order 18-02, which both contain conflicting provisions on outsourcing in the banking industry.
The move to craft new guidelines was prompted by grave concerns of National Union of Bank Employees (NUBE) on the outsourcing of jobs of regular workers in the banking industry in the face of very liberal provisions in BSP Circular 268. “Outsourcing has become rampant since the enactment of BSP Circular 268 and has resulted in job losses,” NUBE national president Jose Umali Jr. stressed.
During the colloquium on “What Makes a Bank a Bank” organized jointly by the DoLE’s Bureau of Labor Relations and NUBE held recently, Johnny Noe Ravalo, BSP managing director, outlined seven proposed areas that “will effectively be deemed as inherent to a bank.”
These areas are deposit-taking, lending, management functions, activities covered by specific guideline and license, compliance functions, internal audit and risk management. According to Ravalo, these areas are the core of the proposed revisions to the existing outsourcing framework. –Daily Tribune
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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