If only SSS management had some moral authority, it should be easy to understand why P-Noy had to veto that proposal to increase SSS pensions. The math is pretty straightforward. But there are valid issues about SSS management, the record earnings of the trust fund notwithstanding.

MANILA – The Philippines made marginal gains in the United Nations Human Development Report (HDR) 2015 as deep structural issues prevent the country from making substantial improvements in improving access to knowledge, life expectancy, and the standard of living of Filipinos.

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LOS ANGELES – Social security is a hot topic here specially in the light of a disappearing middle class amidst growing income inequality. According to Forbes last week, 56 percent of Americans in a recent survey said they have less than $1,000 in their checking and savings accounts combined. About 25 percent have less than…

MANILA, Philippines – Improving collection efficiency will not solve the Social Security System (SSS)’ problem of not having the funds to cover the proposed increase in retirees’ pension. “Collection efficiency is not the solution,” Michael Victor Alimurong, representative of the general public to the SSS commission, said yesterday.

Labor and Employment Secretary Rosalinda Dimapilis-Baldoz yesterday called for a more enlightened, objective, and sober assessment of President Benigno S. Aquino III’s veto of House Bill 5842, the proposed law providing for a P2,000 across-the-board hike in Social Security System (SSS) pensioners’ benefits, saying it was a judicious move to uphold the greater welfare of…

Despite its optimism on the local economy’s dynamics, the International Monetary Fund (IMF) has revised downward its Philippine growth outlook for this year, as the region’s sluggish performance and the global economy continued to drag the country’s potential growth going forward.

The Social Security System (SSS) fired back at critics of President Aquino’s unpopular decision to veto a bill seeking an across-the-board pension increase of P2,000, saying it was the “right move” that saved the fund from an early bankruptcy.

Mario Draghi may have to up the ante, and he has oil to blame. More than 60 percent of economists surveyed by Bloomberg predict the European Central Bank president will announce more stimulus this year, up from 40 percent in December, after a renewed oil-price slump depressed the outlook for euro-area inflation. Fifty-seven percent of…

MANILA — President Benigno Aquino, Senate President Franklin Drilon, and House Speaker Feliciano Belmonte are among the country’s top executies that would benefit from the proposed Salary Standardization Law (SSL) 2015 pushed by the administration, a public workers’ group said Monday.

The Fourth Industrial Revolution is interacting with other socio-economic and demographic factors to create a perfect storm of business model change in all industries, resulting in major disruptions to labour markets. New categories of jobs will emerge, partly or wholly displacing others. The skill sets required in both old and new occupations will change in…

Filipinos, especially first-time workers, may be getting hard to please in terms of the jobs they apply for. At the official launch of the Human Development Report on Monday, Labor Secretary Rosalinda Dimapilis-Baldoz said that this is one of the reasons the Phil-JobNet’s job vacancies have accumulated to whopping 6.18 million openings as of the…

Republic Act No. 8187, also known as the Paternity Leave Act of 1996, grants paternity leave of seven days with full pay to all married male employees in the private and public sectors to enable the married male employee to effectively lend support and assistance to his wife in her period of recovery and in…

Bacolod City, Negros Occ. – Domestic workers or “kasambahay,” in Western Visayas, including Negros Occidental, will receive a P500-salary increase starting February, based on the latest wage order approved by the Regional Tripartite Wages and Productivity Board (RTWPB) in Region 6.

MANILA, Philippines – A 19-year-old housemaid reportedly committed suicide by jumping from the 15th floor of a hotel in Sta. Cruz, Manila on Friday night.

An elevator operator of SM City The Block in Quezon City died after falling from the mall’s fifth floor on Saturday morning.

The Philippines’ information technology-business process outsourcing (IT-BPO) sector needs to move to more high-value added and non-routine jobs to remain its competitive, the World Bank said.

You’ve already heard that sitting is the new smoking. Now, scientists reveal exactly how it hurts the body—and novel ways to undo the damage (without clocking hours at the gym). You might want to stand up for this.

It is really quite alarming to note that some people, including those in the media, are giving their own interpretations and conclusions about certain items currently hugging the headlines. This is very noticeable especially in the latest development on the Grace Poe disqualification cases pending in the Supreme Court (SC) as well as the recent…

The impact of remittances by Filipinos living or working abroad, even if such inflows have been threatened or challenged in recent months, still cannot be discounted in helping chart the country’s sustained growth in the next five to 10 years.

MANILA, Philippines – After years of delay, the multibillion-peso international research project of the Commission on Higher Education (CHED) is now in full swing.

MANILA, Philippines – The local automotive industry sustained its strong growth, rising by nearly a quarter last year to 288,609 units, mainly driven by the robust performance of the passenger car segment. Based on a joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA), vehicle…

Before leaving work each day, employees at Ubiquity Retirement + Savings press a button in the lobby. They’re not punching out—not in the traditional sense, anyway. They’re actually registering their emotions. They have five buttons to choose from: a smiley face if they felt happy at work that day, a frowny face if they felt…

Collaboration is taking over the workplace. As business becomes increasingly global and cross-functional, silos are breaking down, connectivity is increasing, and teamwork is seen as a key to organizational success. According to data we have collected over the past two decades, the time spent by managers and employees in collaborative activities has ballooned by 50%…

The number of Filipino families who said they have experienced involuntary hunger due to lack of anything to eat has decreased by 900,000 households in the last quarter of 2015, the latest Social Weather Stations survey said.

The social and economic implications of an aging population are becoming increasingly apparent in many industrialized nations around the globe. With populations in places such as North America, Western Europe and Japan aging more rapidly than ever before, policymakers are confronted with several interrelated issues, including a decline in the working-age population, increased health care…

2015 was a very rough year for the world economy, and it may not let up in 2016. The headwinds facing many national economies are getting stronger, rather than weakening, and that is having an impact on the world economy. In this article, we will look at five financial threats to watch out for in…