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Positive forecasts lead the public and private sector to ‘celebrate’ by borrowing more, says IMF paper By Georgi Kantchev, Jun 5, 2018 Good economic forecasts may be too much of a good thing: They could help cause a recession.

by Ian Nicolas Cigaral (philstar.com), Jun 5, 2018 MANILA, Philippines — President Rodrigo Duterte’s economic team on Tuesday warned against freezing the implementation of the tax reform law, saying such a move could stunt the Philippine economy’s growth amid strong calls to suspend the law that has been partly blamed for rising consumer prices.

The Department of Education says it is ‘all systems go’ as an estimated 27,757,546 children from kindergarten to Grade 12 will troop back to public and private schools by Rappler.com, Jun 4, 2018 MANILA, Philippines – More than 27.7 million students are set to return to class as most schools across the country open on…

by Elad N. SherfRavi S. GajendranVijaya Venkataramani, Jun 04, 2018 Fair managers can reap big dividends. Extensive research finds that employees who feel fairly treated are better performers, helpful to colleagues, more committed to their workgroups and the organization, and less likely to steal or be rude to others.

At the 2018 MIT Sloan CIO Summit, a panel of AI experts discussed how machine learning will impact the workforce. By Alison DeNisco Rayome | Jun 4, 2018 We are in the midst of an “AI awakening,” as artificial intelligence technologies can now match or surpass humans in fundamental skills like image recognition, Erik Brynjolfsson,…

by Richmond Mercurio (The Philippine Star), Jun 3, 2018 MANILA, Philippines — Companies in the Philippines are recognizing that moving away from the traditional 9 a.m. to 5 p.m. office schedule is better for their businesses, a new global study showed.

By Leslie Ann Aquino, Manila Bulletin, Jun 3, 2018 With over 900,000 establishments to be inspected, Labor Secretary Silvestre Bello III has given the green light for the enlistment of 200 new labor inspectors.

By: Faye Orellana – Reporter / @FMOrellanaINQ INQUIRER.net /Jun 03, 2018 One was reported killed while one was wounded after an LPG exploded in a gas refilling warehouse in Pasay City on Sunday.

Higher inflation, coupled with the forthcoming 2019 midterm election, has suddenly turned TRAIN into a political hot potato by JC Punongbayan, Rappler, Jun 3, 2018 In Part 1, I explained the international factors behind the recent rise in inflation: a surge in world oil prices (now at a 3-year high) and the weaker peso (now…

by Jonathan Cable, Elias Glenn LONDON/BEIJING (Reuters) – Factory growth in major manufacturing hubs showed signs of cooling last month as companies braced for potential damage from rising global trade tensions while also grappling with accelerating inflation and a strong dollar.

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By Jeffrey G. Damicog, Tempo, Jun 1, 2018 Three suspected human traffickers preying on minors for prostitution were arrested by the National Bureau of Investigation during an operation in Rizal last May 28.

PART OF A ZDNET SPECIAL FEATURE: HOW BLOCKCHAIN WILL DISRUPT BUSINESS Although blockchain’s crypto-anarchist utopian dream is unlikely to be realised, it still promises plenty of benefits. By Steve Ranger | June 1, 2018 One of the most striking features of blockchain is the utopian streak that runs through it — the idea that blockchain…

By: Peter Wallace – @inquirerdotnet Philippine Daily Inquirer, May 31, 2018 I’ve had some criticism, most of it very nasty, attacking me on my support for the Tax Reform for Acceleration and Inclusion (TRAIN) packages 1 and 2, but not arguing the issue and suggesting workable alternatives. This is the mark of a small mind…

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By JUN VENERACION, GMA News, May 31, 2018 Fed up of being used and manipulated, around 300 Kalipunan ng Damayang Mahihirap or Kadamay members have called it quits, bringing into the open alleged corrupt practices of the pro-urban poor organization.

Snapchat and even Facebook’s own Instagram are getting more clicks from the kids these days than the aging social network. By Sarah Frier, Bloomberg, May 31, 2018 Three years ago, Facebook was the dominant social media site among U.S. teens, visited by 71 percent of people in that magic, trendsetting demographic. Not anymore.

By Jeffrey Damicog, Manila Bulletin, May 31, 2018 Three suspected pimps were arrested, while, 12 female victims including 10 minors were rescued by the National Bureau of Investigation (NBI) during an operation conducted in Rizal.

by Malaya, May 31, 2018 Policy changes on the tax and incentive regime may prompt the call center industry to revise its forecasts at a time when this sector has been experiencing tempered growth.

by Jessica Fenol and Warren de Guzman, ABS-CBN News, May 30, 2018 MANILA – The business process outsourcing industry expects to add as many as 70,000 jobs and $1 billion in revenues this year, as it retools its workforce to weather the shift to artificial intelligence, an industry group said Wednesday.

AMID RISING FUEL PRICES By TED CORDERO, GMA News, May 30, 2018 Budget Secretary Benjamin Diokno on Wednesday said Filipinos should not be too complaining as revenue collected from reformed excise tax rates will be used for government services.

by DAXIM L. LUCAS, Philippine Daily Inquirer, May 30, 2018 Fiscal authorities yesterday described as “laughable” the claim of the International Institute of Management Development in its 2018 World Competitiveness Report that the country’s public finances are worsening.

By Jerald Uy, CNN Philippines, May 30, 2018 Metro Manila (CNN Philippines, May 30) — The Tax Reform for Accelaration and Inclusion (TRAIN) Law should not ultimately be blamed for the rise of consumer prices, Finance Assistant Secretary Paola Alvarez asserted on Tuesday.

NO TO ‘ENDO’ By: Maila Ager – Reporter / @MAgerINQ INQUIRER.net, May 30, 2018 A bill that would prohibit labor-only contracting or “endo” in the country and impose a P5-million fine for violators has been approved by the the Senate Committee on Labor, Employment, and Human Resources Development.

The number of electric vehicles on the road around the world will hit 125 million by 2030, the International Energy Agency forecasts. The world’s fleet of electric vehicles grew 54 percent to about 3.1 million in 2017. The IEA says government policy will continue to be the linchpin for electric vehicle adoption. Tom DiChristopher |…

Nicole-Anne C. Lagrimas/KBK, GMA News, May 30, 2018 The National Bureau of Investigation (NBI) has rescued 12 women, 10 of whom are minors, and arrested three alleged human traffickers in a resort in Pililia, Rizal.

by Othel V. Campos, Manila Standard, May 30, 2018 Call centers expect to add 60,000 to 70,000 agents annually over the next five years, despite the threat of automation and artificial intelligence on the business process outsourcing sector.

By Samuel P. Medenilla, Businessmirror, May 30, 2018 The government is now readying measures to cushion the impact of automation, which could cause some 18 million workers to lose their jobs, according to the Department of Labor and Employment (DOLE).