NTUC Blog

7 Jan 2021 – ‘Philippines last to recover in Asia’

Published by rudy Date posted on January 7, 2021

by Lawrence Agcaoili (The Philippine Star), 7 Jan 2021 MANILA, Philippines — The Philippines is likely to be the last country in Asia-Pacific to fully recover from the pandemic-induced recession, with recovery seen only in the fourth quarter of 2022 while other economies are set to regain all of their lost output by the end…

Read more

More than half of adult Pinoys lost jobs, had emotional problems due to pandemic: survey

Published by rudy Date posted on January 7, 2021

Read more here.

Read more

Inflation highest in nearly 2 years

Published by rudy Date posted on January 6, 2021

by Czeriza Valencia (The Philippine Star), 6 Jan 2020 MANILA, Philippines — Prices of basic goods and services went up for the third straight month in December to reach a near two-year high at 3.5 percent, driven by higher cost of food and transportation, the Philippine Statistics Authority (PSA) said yesterday.

Read more

18 Dec 2020 – DOLE: Pandemic displaced 550,000 OFWs

Published by rudy Date posted on December 18, 2020

by Vito Barcelo and Maricel Cruz, Philippine Daily Inquirer, 18 Dec 2020 More than half million overseas Filipino workers (OFWs) were displaced by the coronavirus disease 2019 (COVID 19) pandemic abroad, while 3.8 million workers lost their jobs, the Department of Labor and Employment said Thursday.

Read more

Almost half of Filipino families feel they are poor, latest SWS survey says

Published by rudy Date posted on December 15, 2020

by Gabriel Pabico Lalu, Philippine Daily Inquirer, 15 Dec 2020 MANILA, Philippines — At least 48 percent of Filipino families feel that they are poor, results of the latest Social Weather Stations (SWS) survey on self-rated poverty (SRP) showed on Monday.

Read more

10 Dec 2020 – Pandemic saps January-September long term investments in PH

Published by rudy Date posted on December 10, 2020

by Daxim L. Lucas, Philippine Daily Inquirer, 10 Dec 2020 MANILA, Philippines—Long tern investments in the Philippines declined by over a tenth last September after four consecutive months of double-digit year-on-year growth as the lockdown in the preceeding month curtailed investor activity, according to the central bank.

Read more

World Bank: Pandemic to sink 2.7M more Filipinos in poverty

Published by rudy Date posted on December 8, 2020

by Ben O. de Vera, Philippine Daily Inquirer, 8 Dec 2020 MANILA, Philippines—The COVID-19 pandemic will make 2.7 million more Filipinos poor this year on top of a record slide in the Philippines’ gross domestic product (GDP) or economic output in what could be the worst outturn post-war, the World Bank said Tuesday.

Read more

7 Dec 2020 – Despite pandemic, SSS contribution rate hike a go in 2021

Published by rudy Date posted on December 7, 2020

by Ben O. de Vera, Philippine Daily Inquirer, 7 Dec 2020 MANILA, Philippines—Despite the COVID-19 pandemic that shed millions of jobs and shuttered thousands of businesses, the state-run pension fund Social Security System (SSS) on Monday (Dec. 7) said the scheduled increase in contribution rate to 13 percent from 12 percent at present will push…

Read more

3 Dec 2020 – Employment situation in October 2020

Published by rudy Date posted on December 3, 2020

Read more here.

Read more

20 Nov 2020 – Finance secretary C Dominguez joins call for climate justice

Published by rudy Date posted on November 20, 2020

by Mary Grace Padin (The Philippine Star), 20 Nov 2020 MANILA, Philippines — The Department of Finance (DOF) has joined the call for climate justice, saying that the Philippines continues to bear the brunt of the impact of climate change despite being among the world’s lowest carbon emitters.

Read more

PopCom moves to curb rise in teen pregnancy

Published by rudy Date posted on November 20, 2020

(The Philippine Star), 20 Nov 2020 MANILA, Philippines — The Commission on Population is moving to stop the rising prevalence of teenage pregnancy in the country, with 75,000 young women likely to become first-time mothers next year.

Read more

OFW remittances up 9% to $2.89 billion in September

Published by rudy Date posted on November 17, 2020

by Lawrence Agcaoili (The Philippine Star), 17 Nov 2020 MANILA, Philippines — Remittances from overseas Filipino workers bounced backed strongly in September, recording the fastest growth in 29 months as OFWs scrambled to send more money to their loved ones in the country during the ‘ber’ months in preparation for the Christmas holidays, according to…

Read more

10 Nov 2020 – Philippine economy shrinks 11.5% in Q3, easing from record

Published by rudy Date posted on November 10, 2020

Read more here.

Read more

Economic contraction in Q2 worse at 16.9%

Published by rudy Date posted on November 10, 2020

by Czeriza Valencia (The Philippine Star), 10 Nov 2020 MANILA, Philippines — Economic output in the second quarter was found to have declined at a faster rate of 16.9 percent from preliminary estimates of 16.5 percent, the Philippine Statistics Authority (PSA) reported yesterday.

Read more

Global recovery ‘running out of steam’

Published by rudy Date posted on November 8, 2020

(The Philippine Star), 8 Nov 2020 MANILA, Philippines — Businesses worldwide believe the current pace of global economic recovery may not be sustained in the short term due to repeated pandemic waves, results of a survey conducted by Oxford Economics showed.

Read more

Nov 1, 2020 – The perfect storm: Why the Philippines faces prolonged economic pain

Published by rudy Date posted on November 1, 2020

Read more here.

Read more

30 Oct 2020 – Bilyonaryos back to pre-pandemic level: Lucio Tan gains $800M in October, leapfrogs Sy-blings to No. 3

Published by rudy Date posted on October 30, 2020

By Bilyonaryo, 30 Oct 2020 The Philippines’ ultra-wealthy had a feast in October as their collective fortunes bounced back to pre-coronavirus level.

Read more

25 Oct 2020 – Time to reset expectations for world economy with virus untamed

Published by rudy Date posted on October 25, 2020

Read more here.

Read more

23 Oct 2020 – 1.6M OFWs displaced by pandemic

Published by rudy Date posted on October 23, 2020

by Dona Z. Pazzibugan, Nestor Corrales, Philippine Daily Inquirer, 23 Oct 2020 More than half million overseas Filipino workers (OFWs) were displaced by the pandemic abroad while an estimated 1.1 million more were unable to resume or start working overseas since January, official figures showed.

Read more

23 Oct 2020 – A better economy

Published by rudy Date posted on October 23, 2020

by Tony Lopez, Manila Standard, 23 Oct 2020 “You cannot possibly get a better economic team than these two whiz kids of management and economics.” During the world’s worst crisis of the last 100 years, President Duterte has been blessed to have in his economic team the tandem of Finance Secretary Carlos “Sonny” Dominguez and…

Read more

20 Oct 2020 – Mental health issues skyrocket as pandemic wears on

Published by rudy Date posted on October 20, 2020

Read more here.

Read more

15 Oct 2020 – Over 254K OFWs flown home amid COVID-19 pandemic—Lorenzana

Published by rudy Date posted on October 15, 2020

by Darryl John Esguerra, Philippine Daily Inquirer, 15 Oct 2020 MANILA, Philippines — More than 254,000 overseas Filipino workers (OFWs) have been sent home amid the ongoing COVID-19 pandemic, National Task Force (NTF) Against COVID-19 chair Secretary Delfin Lorenzana said Wednesday night.

Read more

3.5 million workers displaced by COVID-19 pandemic—DOLE

Published by rudy Date posted on October 15, 2020

by Darryl John Esguerra, Philippine Daily Inquirer, 15 Oct 2020 MANILA, Philippines — Some 3.5 million workers have been displaced by the coronavirus disease 2019 (COVID-19) pandemic, the Department of Labor and Employment (DOLE) said Thursday.

Read more

SWS: 67% of those who got financial aid from gov’t received it only once

Published by rudy Date posted on October 15, 2020

by Gabriel Pabico Lalu, Philippine Daily Inquirer, 15 Oct 2020 MANILA, Philippines — Despite 71 percent of Filipino families saying they got financial assistance from the government, a recent survey revealed that at least two-thirds claimed they received aid only once.

Read more

14 Oct 2020 – Philippines contraction seen deepest in SouthEast Asia

Published by rudy Date posted on October 14, 2020

by Lawrence Agcaoili (The Philippine Star), 14 Oct 2020 MANILA, Philippines — Multilateral lender International Monetary Fund (IMF) said the Philippines is expected to suffer the biggest blow from the coronavirus disease 2019 or COVID-19 pandemic in the region with a deeper economic recession this year despite the projected less severe global contraction.

Read more

8 Oct 2020 – DepEd reaches ‘100 percent enrollment’ in public schools

Published by rudy Date posted on October 8, 2020

by Cathrine Gonzales, Philippine Daily Inquirer, 8 Oct 2020 MANILA, Philippines — The Department of Education (DepEd) has achieved a “100 percent” enrollment in public schools amid the adverse impacts of the coronavirus disease 2019 (COVID-19) pandemic on the education sector.

Read more

4 Oct 2020 – Here we go again with this nuclear nonsense

Published by rudy Date posted on October 4, 2020

By Ben Kritz, Manila Times, 4 Oct 2020 Promoting nuclear power anywhere in the world at this point makes about as much sense as promoting zeppelins as a practical transportation option, and nowhere more so than in the Philippines. Reality and common sense, however, have never been much of an impediment to this country’s “nuclear…

Read more

DTI allows more businesses to operate at 100% capacity

Published by rudy Date posted on October 3, 2020

by Louella Desiderio (The Philippine Star), 3 Oct 2020 MANILA, Philippines — Businesses in the service sector and wholesale and retail trade can now operate at full capacity, while restaurants and fast food outlets may seat beyond 50 percent capacity in general community quarantine (GCQ) areas, the Department of Trade and Industry (DTI) said yesterday.

Read more

25 Sept 2020 – Philippine GDP contraction likely highest in Asia-Pacific – S&P

Published by rudy Date posted on September 25, 2020

by Lawrence Agcaoili, Czeriza Valencia (The Philippine Star), 25 Sep 2020 MANILA, Philippines — The Philippines may post the biggest economic contraction in Asia-Pacific at almost 10 percent this year after imposing one of the world’s longest and strictest lockdowns to slow the spread of COVID-19, according to S&P Global Ratings.

Read more

BSP to impose 24% credit card rate cap starting Nov. 3

Published by rudy Date posted on September 24, 2020

by Daxim L. Lucas, Philippine Daily Inquirer, 24 Sep 2020 MANILA, Philippines — Credit card users will soon be required to pay no more than 2 percent a month — or 24 percent annually — on this type of debt after the central bank’s Monetary Board recently approved an interest rate cap.

Read more

3rd Sunday of January
is Day of sanctity
and protection
of human life!

#WearMask #WashHands
#Distancing
#TakePicturesVideos

Time to support & empower survivors.
Time to spark a global conversation.
Time for #GenerationEquality to #orangetheworld!
Trade Union Solidarity Campaigns
Get Email from NTUC
Article Categories