MANILA, Philippines – 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.

MANILA, Philippines—The Department of Foreign Affairs (DFA) has so far certified less than half of more than 180 countries around the world as nations where overseas Filipino workers can be “deployed,” the Philippine Overseas Employment Administration (POEA) chief said Tuesday.

Overseas Filipino workers (OFW) vacationing in the country may now process their travel documents in at least two major malls in Metro Manila, according to the Philippine Overseas Employment Administration (POEA).

MANILA, Philippines (4th UPDATE) – President Aquino on Wednesday assumed the jurisdiction over the labor row in Philippine Airlines, effectively putting on hold an impending retrenchment of its ground crew employees and an impending strike that aims to cripple the operations of the Lucio Tan-controlled airline.

Davao City (14 December) — The National Economic and Development Authority (NEDA) is urging private institutions to tap a facility under the co-operation program between the European Union (EU) and the Philippine government that provides assistance on trade matters that impacts on poverty reduction.

PARIS (Xinhua) – Except for the Philippines, major southeastern Asian countries are to register slowing down economic recovery pace in the fourth quarter of this year mainly due to weak trade, the Organization for Economic Cooperation and Development (OECD) said on Monday.

MANILA, Philippines – 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.

Dipolog City (December 14) — City Mayor Evelyn Yu is very much thankful to President Benigno Aquino lll for appointing her as the RDC chair for region IX.

The Senate yesterday approved on third and final reading Senate Bill 78 which will increase the minimum wage of house helpers or “kasambahays” and will provide them with additional benefits.

MANILA, Philippines – Many Philippine Airlines (PAL) employees are willing to avail themselves of the retirement package being offered by the airline company and would rather not join the impending strike.

CAMP OLIVAS, Pampanga ,  – A firecracker worker died and three others were seriously injured when a Roman Candle accidentally sparked and an explosion occurred at Purok 6, Barangay Sto. Niño, Baliuag, Bulacan, Saturday.

MANILA, Philippines—For whatever it is worth, I have a vision for the Philippine economy for the year 2020, a decade from now. I do not claim that it is as an accurate a vision as the term 2020 connotes physically. It comes from a whole set of judgments I am making about present economic and…

The Justice department has issued a hold-departure order against three Korean nationals who have been charged with syndicated and large-scale illegal recruitment, an act that is tantamount to economic sabotage.

A HOUSE bill seeking to replace the 12-percent value-added tax with a 6-percent value simplified tax will make the country’s exports less competitive, increase local prices, and make it more difficult to raise government revenue, a Finance Department official said over the weekend.

MANILA, Philippines – Campaigns to declare national holidays in the Philippines that would honor pets and fishermen are fueling business anger over the mounting number of days off workers enjoy each year.

MANILA, Philippines—A bill that will provide a higher minimum wage and additional benefits for house helpers, or “kasambahays,” has been approved on third and final reading in the Senate.

MANILA, Philippines— The Philippines’ performance in meeting the Millennium Development Goals (MDGs) has remained “generally low” with barely five years into the deadline to achieve the goals set by the United Nations, according to a UN official in the Philippines.

THE Philippine National AIDS Council and its partners have launched a campaign to stop the spread of the dreaded disease following reports that one Filipino is infected with HIV every five hours, or five new cases per day.

When Quebec Health Minister Yves Bolduc was asked what he thought of Industry Minister Clement Gignac’s proposal to have the government’s workplace health and safety board conduct an annual audit on the safe use of Quebec asbestos in countries to which the product is exported, he respectfully declined. For good political reasons, if not good…

THE EUROPEAN Union (EU) Delegation launched last week a P42-million trade-related project that will provide short-term technical assistance to the Philippines to improve its access to foreign markets.

CANCUN, MEXICO — A new deal among 190 nations to slow climate change throws a lifeline to UN-led talks, but they will still struggle to find a deal extending the Kyoto Protocol for cutting carbon emissions beyond 2012. Most delegates said the main achievement of the two-week conference in Cancun, Mexico was simply to have…

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 Senate committee on banks, financial institutions and currencies has concluded that no criminal offense was committed when Home Mutual Development Fund or Pag-IBIG allegedly gave preferential treatment to Globe Asiatique (GA) as he cited the need to plug the loopholes in the agency’s dealings with developers, Sen. Sergio Osmeña III, chairman of the committee,…

OVERSEAS Filipino worker (OFW) households have reduced their expenditures on big-ticket items such as property and motor vehicles amid the peso’s strength, according to a survey by the Philippine central bank. In the latest round of its Consumer Expectations Survey, the Bangko Sentral ng Pilipinas (BSP) said OFW households that used remittances to buy consumer…

The Philippines has sought the assistance of the International Atomic Agency in its ongoing review and assessment of the possible rehabilitation of the Bataan Nuclear Power Plant (BNPP) which has been dormant for more than two decades.

MORONG, Bataan: A group of anti-nuclear power activists and a much smaller group of nuclear-energy supporters on Saturday held separate rallies as delegates of the Nuclear Power Forum arrived at the mothballed Bataan Nuclear Power Plant (BNPP) in Morong town.

CEBU, Philippines – Filipinos have a better chance of surviving three world crises  climate change, the peak oil crisis, and an unfolding economic crisis  with our frugal lifestyle of utilizing for example the small CR water dipper; our innovation of an efficient non-rail transport system with vehicles like the trisikad; and our culture where family,…

MANILA, Philippines – Multilateral lender International Monetary Fund (IMF) reiterated that the local banking system remained resilient after the Bangko Sentral ng Pilipinas (BSP) managed to put in place reforms aimed at containing the effects of the global financial crisis.

MANILA, Philippines – If the National Government will use Public Private Partnership program for the rehabilitation of Bataan Nuclear Power Plant (BNPP), the private entity’s participation should not go over 20 percent, according to a former legislator.

MANILA, Philippines – The government is expecting another double digit growth in investments next year after projecting this year’s investments to grow by more than 34 percent.