The Bangko Sentral ng Pilipinas (BSP) said the timing and amount of wage increase is crucial to revisiting its baseline inflation forecast for this year and 2011.

While going abroad to work is generally believed to bring financial blessings, at least 60 percent of families of overseas Filipino workers (OFWs) remain poor, Catholic Church officials said on Wednesday.

A Commission on Elections (Comelec) official came under fire on Wednesday after it was discovered that he had “blanket authority” to control issuance of computer flash (CF) cards and card burners, two features of the country’s first automated elections held on May 10.

MANILA, Philippines – Only a few private elementary and high schools have raised tuition fees for school year 2010-11.

This is another case illustrating that a final decision can no longer be modified. This is the case of Lito who was hired as technical salesman by a company engaged in the distribution of various chemicals from foreign suppliers (MTI). After more than six years of employment, MTI terminated Lito’s services on July 15, 1997.

MANILA, Philippines – The Philippines rose to 39th place (four notches from its previous ranking of 43rd) in the World Competitiveness Yearbook 2010 of the Switzerland-based IMD World Competitiveness Center (WCC).

MANILA, Philippines – Monetary authorities are awaiting the decision of the regional wage boards on the amount of salary increase that would be approved to be able to assess its impact on consumer prices, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said yesterday.

MANILA, Philippines – Investments in the electronics industry are expected to exceed $1 billion this year with January to May investments hitting $418.53 million.

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THE National Wages and Productivity Commission’s may decide on the petitions to raise the minimum daily pay as early as this week.

Driven by corporate desires to save money and improve efficiencies, Forrester Research is predicting the green IT services market will grow 60 percent per year into 2013, when it will peak at $4.8 billion before leveling off. More enterprises are investigating hiring IT services firms to help plan and implement green IT initiatives, and while…

While the politicians grab at each others’ throats to take credit for (or take credit from) the economic results, the truth is that the government may have very little to do with economic activity outside of the broad framework of regulation and incentives.

MALACAÑANG’S announcement of a wage increase—possibly “within the week”—appears to be premature because the regional wage boards are still holding consultations and deliberations on whether they will approve one.

MANILA, Philippines – A much-sought-after facility for call center and English proficiency programs in Quezon City is offering Free Basic English Training (FBEST) to job applicants.

The year’s International Labour Conference will see the second, and final discussion on the development of a labour standard on HIV/AIDS and the world of work. If adopted, the recommendation will be the first international human rights instrument on AIDS in the workplace. ILO Online spoke to ILO/AIDS Director, Dr. Sophia Kisting about the Recommendation.

FIRMS in economic zones continued to post growth in export sales and employment as of April, data released yesterday showed.

Despite the higher growth rates forecast for the region, the Manila-based Asian Development Bank (ADB) reminded developing member-countries (DMCs) like the Philippines of the importance of fiscal prudence after the global economic crisis.

BUSINESS LEADERS want Asia-Pacific Economic Cooperation (APEC) ministers meeting in Japan this week to move a long-planned regional trade deal forward. Efforts towards open and fair trade in the 21-nation group are needed to keep up the “changing nature of modern… regional supply chains,” the APEC Business Advisory Council (ABAC) said in a statement yesterday.

PUBLIC and private economic zones in different parts of the country reported a combined 42.88-percent increase in export earnings in the first four months of the year to $12.69 billion.

PHILIPPINE-BASED contact centers view as a potential threat the proposal of a US senator to impose restrictions and charges on companies that will outsource some operations to other countries. The US bill is meant to protect American jobs and discourage outsourcing, but some experts say outsourcing actually helps US businesses seeking to survive the crisis…

If stupidity got us into this mess, why can’t it get us out of it? The top story in this paper’s Monday edition was “Experts pitch BNPP to Aquino.” They didn’t actually pitch the Bataan Nuclear Power Plant (BNPP) to Aquino. They pitched it to the media at an orientation seminar and tour of the…

CEBU, Philippines – The petitions for wage increase filed by the Trade Union Congress of the Philippines and the Cebu Labor Coalition remain in the shelf of the Regional Tripartite Wages and Productivity Board until now.

Dear PAO, Do employees who have been working for almost 10 years have a right to make contributions to the Social Security System (SSS)? Louie

Japanese companies have raised the high local electricity prices, the lack of infrastructure and the need to improve the tax refund system between Japan and the Philippines as among the major constraints to the exchange of benefits under the Japan-Philippines Economic Partnership Agreement (Jpepa), the first free trade agreement for the country.

CONSUMER and sex education will be taught to students in elementary and high-school students beginning this school year, the Department of Education has announced.

CEBU, Philippines – The small and medium industries that don’t have their own generator sets are taking the brunt of the recent power outages brought about by the lack of supply for the Cebu-Negros-Panay Grid.

While there is no denying the fact that the quality of today’s local lifestyle and fashion magazines has improved a hundredfold both in visual appeal and content since the days of newsprint and smudgy ink, personally I have yet to find a magazine that speaks to me and talks about women my age. Sure, I…

MANILA, Philippines – Local parts makers yesterday expressed support for the newly signed Comprehensive Motor Vehicle Development Plan (MVDP) or Executive Order 877 saying the new law will be a big help in ensuring that the industry remains competitive.

Once again Tuesday last week, it was made painfully clear to me why we need to have reproductive health information and family planning options readily available from responsible channels to prevent tragedies. My wife was riding with a friend when her friend’s driver got a cell phone call that got him very troubled. My wife…

CAMP OLIVAS, Pampanga  , Philippines – Two construction workers were buried alive when heavy rains triggered a mudslide on a mountainside in Olongapo City Monday afternoon, authorities said.