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(UPDATED) The Philippine government’s economic team must play catch up, as growth slows down again in the 2nd quarter of 2019 – the lowest in 17 quarters by Ralf Rivas, Rappler, Aug 8, 2019 MANILA, Philippines (UPDATED) – The impact of politicians bickering over the 2019 national budget lingers on, as the country’s gross domestic…
by (Philexport News and Features), Aug 2, 2019 THE Philippines has to take decisive action to prepare for the challenges that new forces—technology, climate change and demography—are bringing to the world of work, according to the head of the International Labor Organization (ILO)-Philippines.
by Roy Stephen C. Canivel, Philippine Daily Inquirer, Jul 25, 2019 The Department of Trade and Industry (DTI) is already preparing for the impact of automation on the Philippine labor force, anticipating a massive loss of jobs and finding ways to keep Filipinos employed amid fierce competition from robots.
By Cai Ordinario, Businessmirror, Jul 24, 2019 The Philippines may not achieve 127 targets listed under the Philippine Development Plan (PDP) as of 2018, according to the Philippine Statistics Authority (PSA).
by Ben O. de Vera, Philippine Daily Inquirer, Jul 24, 2019 MANILA, Philippines – The country’s chief economist on Wednesday said the pending security of tenure bill awaiting President Duterte’s signature needed to be tweaked in order to be fair to both business and labor sectors.
by Karl R. Ocampo, Philippine Daily Inquirer, Jul 18, 2019 Industry stakeholders are appealing to President Duterte to order a review of the rice import liberalization law after palay prices reached its breakeven point, leaving local rice producers without any profit.
by Louella Desiderio (The Philippine Star) – Jul 12, 2019 MANILA, Philippines — The next round of talks for a free trade agreement (FTA) with the Philippines would take place when the conditions are right as the country’s implementation of conventions on human rights, labor rights, environment as well as good governance are seen by…
Inflation slows down to 2.7% in June 2019 (UPDATED) This is well within the government’s target and the lowest inflation rate since September 2017 Ralf Rivas Published: 9:03 AM July 5, 2019 Updated: 1:20 AM July 6, 2019 MANILA, Philippines (UPDATED) – After the slight increase in May, inflation slowed down to 2.7% in June,…
by Agence France-Presse, Jun 26, 2019 WASHINGTON, United States—Robots are expected to take over some 20 million manufacturing jobs worldwide by 2030, extending a trend of worsening social inequality while boosting overall economic output, a new study shows.
Despite robust growth, income inequality widening — NEDA
It’s good jobs, stupid … which are “xxx the best way to generate shared prosperity xxx.”
By Elijah Felice Rosales, Business Mirror, Jun 12, 2019 Workers cook brown sugar in a factory in Bacolod, Negros Occidental. Trade Secretary Ramon M. Lopez told the BusinessMirror the government remains firm in keeping sugar prices low by shunning plans to liberalize the sugar trade industry.
BUTUAN CITY, June 7 (PIA) — Union members from the different national unions under the National Trade Union Center (NTUC) are pushing for decent work, including living wages, and job security for employees. In the recent workshop on Employment Security and Constructive Industrial Relations held in Quezon City, NTUC union members called on the national…
By Samuel P. Medenilla, Businessmirror, May 27, 2019 THE Department of Labor and Employment (DOLE) said contractualization will still be allowed under the pending of Security of Tenure (SOT) bill, allaying fears of employers the legislation will abolish the controversial work arrangement.
By John Mangun, Business Mirror, May 9, 2019 BACK in the late 1990s, a friend of mine owned a factory. A factory is a business where raw materials come in a door at one end. That raw materials pass through a system of technology, machinery and workers, coming out at another door as finished products.
by Ian Nicolas Cigaral, Philstar.com, May 8, 2019 MANILA, Philippines — The Philippines posted a wider trade gap in March as exports continued to contract while imports grew, the country’s statistics agency reported Wednesday.
by Czeriza Valencia (The Philippine Star), May 8, 2019 MANILA, Philippines — The increase in consumer prices slowed further in April, hitting its lowest level in 16 months primarily due to the falling cost of food, housing and utilities, the Philippine Statistics Authority (PSA) reported yesterday.
by Neil Arwin Mercado, Philippine Daily Inquirer, May 7, 2019 MANILA, Philippines — While the signing of the new law waiving fees on documents needed by first-time jobseekers will lead to reduced revenue for the government, Senator Sonny Angara on Tuesday said the move will give financial relief to over one million in the country…
By: Cielito F. Habito, Philippine Daily Inquirer, May 03, 2019 In July 2016, when President Duterte assumed the presidency, the Philippine Statistics Authority’s quarterly Labor Force Survey (LFS) counted 40,974,000 employed persons in the country. The latest figure, for January 2019, is 41,368,000. Simple arithmetic shows that 394,000 net new jobs came about in the…
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By Cai U. Ordinario & Jasper Emmanuel Y. Arcalas, BusinessMirror, Apr 10, 2019 FARMERS may have to wait until the third quarter at the earliest to benefit from a fund that will consist of tariffs from rice imports, according to the National Economic and Development Authority (Neda).
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by ABS-CBN News, Apr 09 2019 MANILA – An official of the National Economic and Development Authority (NEDA) said it was “too early to say” if the entry of imported rice was causing a slump in rice farm-gate prices.
by Nestor Corrales, Philippine Daily Inquirer, Mar 20, 2019 MANILA, Philippines — An “outraged” President Rodrigo Duterte berated officials of the Metropolitan Waterworks and Sewerage System (MWSS), Maynilad and Manila Water as he warned to fire officials over recent water interruptions in parts of Metro Manila and nearby provinces.
by Darryl John Esguerra, Philippine Daily Inquirer, Mar 13, 2019 MANILA, Philippines – President Rodrigo Duterte has signed into law a measure that will extend free technical-vocational education to qualified recipients.
By: Daxim L. Lucas, Inquirer Business, Mar 11, 2019 MANILA, Philippines – Long term equity investments into the country weakened in 2018 as foreign firms infused less capital into local ventures — capping off five straight months of weaker inflows — the latest data from the Bangko Sentral ng Pilipinas (BSP) showed.
