Archives

By: Roy Stephen C. Canivel, Philippine Daily Inquirer, Apr 27, 2018 Employers expect an increase in the cost of labor amid the government’s move to regularize more workers, officials in the private sector said.

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by Liz Lee, Reuters, Apr 27, 2018 KUANTAN – When Malaysia’s political parties unfurled their election flags and banners this month, Prime Minister Najib Razak’s critics sniggered on social media that the manufacturer named on banners of his ruling coalition was Chinese.

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By: Julius N. Leonen – @JLeonenINQ INQUIRER., Apr 27, 2018 Three people were killed in a fire that hit a commercial establishment in Sta. Cruz, Manila early Friday.

It’s a go: Banks offer real-time fund transfer service Money can move in a jiffy through this platform. The Bangko Sentral ng Pilipinas (BSP) has rolled out the InstaPay service on Monday, April 23 meant to process real-time fund transfers across different banks and digital wallets.

By Agence France-Presse Payments from immigrants back to their home countries rebounded to reach a new record in 2017 but the costs of transferring funds also increased, the World Bank said Monday.

by Michelle Ong, ABS-CBN News, Apr 26, 2018 MANILA – Some Japanese companies may relocate their operations to other countries in Southeast Asia if fiscal incentives are removed in the second package of tax reforms in the Philippines, the head of the Japanese business lobby warned on Thursday.

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By Samuel P. Medenilla, Businessmirror, Apr 26, 2018 LOOKING for a job in the country is usually a monthlong gamble. This was revealed by the Philippine Statistics Authority (PSA) in the agency’s data from 2010 to 2015, which showed job seekers would usually spend from a month (4.6 weeks) or more (5.3 weeks) to find…

The payments encouraged beneficiaries to take work that doesn’t pay a living wage. By Leonid Bershidsky, Apr 26, 2018 KELA, the Finnish social security agency, has failed to secure the funding it needs to extend its universal basic income experiment beyond this year. Although it’s sad that this grand leftist idea is suffering another setback,…

By Eimor P. Santos, CNN Philippines, Apr 25, 2018 Metro Manila (CNN Philippines, April 24) — Two years ago, then presidential candidate Rodrigo Duterte promised to end contractualization in a week.

by ABS-CBN News, Apr 25, 2018 MANILA – The European business lobby on Wednesday again cautioned against removing fiscal incentives for companies currently enjoying them and said the government’s proposed new corporate income tax rate still falls short when compared to those in other countries.

Most of the broadsides ignore how much the field has changed. By Noah Smith, Apr 25, 2018 In last July, writer and researcher John Rapley penned an article in the British newspaper the Guardian entitled “How Economics Became a Religion.” This followed on the heels of shorter but equally acerbic critiques by Simon Jenkins in…

Manama, Apr.25 (BNA): The Undersecretary for International Affairs of the Ministry of Foreign Affairs, Dr. Shaikh Abdullah bin Ahmed Al Khalifa, met at the Ministry’s General Court today, the Undersecretary for Migrant Workers Affairs at the Philippine Department of Foreign Affairs, Sarah Lou Y. Arriola, currently on visit to Bahrain.

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In a landmark ruling, the Supreme Court says the State shall now recognize one form of divorce in a country that bans absolute divorce by Lian Buan, Rappler, Apr 24, 2018 BAGUIO, Philippines – The Supreme Court (SC) en banc issued a landmark ruling on Tuesday, April 24, recognizing divorce in marriages with foreigners.

https://www.philstar.com/happens/349#VJ7bKuFAuOViFRqd.99 The same Pulse Asia poll shows that Filipinos are most appreciative of the Duterte administration’s performance in responding to the needs of areas affected by calamities (86%).

By ELI MEIXLER, Apr 24, 2018 Finland has decided not to extend its trial in universal basic income, the first welfare experiment of its kind by a European government that gave citizens an unconditional monthly payment.

by Ian Nicolas Cigaral (philstar.com) – Apr 24, 2018 MANILA, Philippines — The country’s policymakers on Tuesday said they expect the Philippine peso to trade at a range of P50 to P53 against the dollar this year until 2022 amid the normalization path taken by the US Federal Reserve.

by Richmond Mercurio (The Philippine Star) – Apr 24, 2018 MANILA, Philippines — The Philippines climbed a notch higher in the list of the most preferred investment destinations of Japanese companies in the world despite the country’s political situation and security becoming a more prevalent concern for investors.

By: Daxim L. Lucas, Philippine Daily Inquirer, Apr 24, 2018 Amid criticism that it failed to act preemptively to keep price hikes in check, the Bangko Sentral ng Pilipinas on Tuesday gave the strongest indication yet that it is ready to increase its key interest rate in a bid to rein in inflation which currently…

by Janina C. Lim, Businessworld, Apr 24, 2018 THE JAPANESE business lobby has warned that the second tax reform package may prompt investors to leave the Philippines, in response to the reduction in incentives called for by the proposed reforms.

by Ian Nicolas Cigaral (philstar.com), Apr 24, 2018 MANILA, Philippines — The country’s policymakers on Tuesday said they expect the Philippine peso to trade at a range of P50 to P53 against the dollar this year until 2022 amid the normalization path taken by the US Federal Reserve.

A wave of automation across industries could inspire upheaval in work, employment, and politics … at least for countries that are unprepared. By Greg Nichols for Robotics | April 23, 2018 In early 2017, President Barack Obama’s top economic and science advisers wrote a report entitled, Artificial Intelligence, Automation, and the Economy.

by Junko Fujita, Apr 23, 2018 TOKYO (Reuters) – Japan’s new home-sharing law was meant to ease a shortage of hotel rooms, bring order to an unregulated market and offer more lodging options for foreign visitors ahead of next year’s Rugby World Cup and the 2020 Tokyo Olympics.

BY BEN KRITZ, TMT, Manila Times, Apr 22, 2018 THE country’s benchmark Philippine Stock Exchange index (PSEi) has attracted more than its usual share of media attention of late for all the wrong reasons. Except for Venezuela, which is experiencing a self-inflicted economic disaster of almost ludicrous proportions, no other stock market index in the…

by Catherine Talavera (The Philippine Star) – Apr 21, 2018 MANILA, Philippines — Efforts to deepen financial inclusion in developing countries are gaining ground as over a third of Filipino adults now have financial accounts, the World Bank Group said.

By ANUSHKA KAPAHI, APRIL 20, 2018 The ASEAN Master Plan for Connectivity (AMPC) and China’s Belt and Road Initiative have major commonalities. Both envisage transport connectivity as a way of bringing countries closer to one another, facilitating better access to trade, investment, tourism and people-to-people exchanges.