NTUC Blog

By Czeriza Valencia (The Philippine Star), Feb 22, 2017 MANILA, Philippines – The National Economic and Development Authority (NEDA) has come up with a new medium-term economic blueprint for the country, targeting an upper-middle class economy status with a per capita income of $5,000 by 2022.

by Abby Jackson, Feb 21, 2017 This new trade agreement will add $1 trillion to the world economy Self-driving cars threaten the job security of millions of American truck drivers. At banks, automated tellers are increasingly common. And at wealth management firms, robo -advisers are replacing humans.

by PHILIP PERRY, Feb 21, 2017 Like any other system, capitalism has its positive and negative qualities. Inarguably, it has lifted nearly a billion across the globe out of extreme poverty, between 1990 and 2010. But as with other socioeconomic systems of the past, such as with feudalism, a time can come when revolutionary changes…

By: Jerome Aning, Philippine Daily Inquirer, Feb 18, 2013 The Supreme Court has upheld the policy of the Commission on Higher Education (CHEd) requiring teachers of tertiary schools to acquire postgraduate degrees to become tenured or regular employees.

by Rita Linda V. Jimeno, Manila Standard, Feb 13, 2017 Tomorrow will be Valentine’s Day. With Filipinos having a reputation for being naturally romantic, expect restaurants, hotels and motels to be fully booked. Without wanting to be a square, I believe it timely to talk about the worrisome trend, not only in the Philippines but…

By Digital Editor, Jan. 27, 2017 The increasing global inequality gap is the most important global trend facing the world in the next ten years, ahead of other urgent global problems such as climate change, polarization, cyber dependency, and ageing populations. At least so says the World Economic Forum (WEF) in its Global Risk Report…

by Roy Stephen C. Canivel, Businessworld, Jan. 20, 2017 THE MOVE to address illegal contractualization is now “back to square one” after President Rodrigo R. Duterte rejected a proposed department order addressing some issues with the employment practice, persons affiliated with the labor movement and employers’ groups said.

By Alex Morales, Bloomberg, Jan. 17, 2017 If you go outdoors you could get hit by lethal hurricanes, floods, tremors and terrorists. Stay inside huddled over your computer and you could lose your data and your identity. And, in the minds of some, there’s no point in going to work: An immigrant has already taken…

By ACE JUNE RELL S. PEREZ, Sun Star, Jan. 16, 2017 THE Department of Labor and Employment (Dole) reported that they have reduced end of contractualization (Endo)-related cases in the Philippines by 50 percent as of December 2016. Dole Secretary Silvestre Bello III said Sunday, January 15, with their intensified campaign against unlawful contractual arrangements,…

By Adva Saldinger @deveximpact, Jan. 16, 2017 In an environment where trust in CEOs is dropping, distrust in corporations is growing and the markets with the greatest future opportunities are in emerging economies, a group of business and civil society leaders are calling for business models to radically change and become more socially focused.

By Cai Ordinario, Businessmirror, Jan. 16, 2017 The government’s plan to end endo, or contractualization, could lead to layoffs and greater inequality in the country, according to a study released by the Philippine Institute for Development Studies (PIDS).

By Associated Press, Jan. 16, 2017 DAVOS, Switzerland—The gap between the super-rich and the poorest half of the global population is starker than previously thought, with just eight men, from Bill Gates to Michael Bloomberg, owning as much wealth as 3.6 billion people, according to an analysis by Oxfam released on Monday.

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BY THE MANILA TIMES, January 11, 2017 GENEVA: Rising income inequality is seen as the top risk for the global economy in 2017, with reforms to market capitalism increasingly viewed as necessary to ward off a populist backlash, the World Economic Forum said Wednesday.

By Maria Eloisa I. Calderon, Businessworld, January 10, 2017 “THIS MORNING, I formally told them, there is no signed department order yet,” Labor Secretary Silvestre H. Bello III said in a Jan. 5 interview at his office, emerging from a meeting with labor leaders.

INQUIRER.net / January 06, 2017 One of the fears revolving around the development of artificial intelligence rises from the possibility that it may eventually replace humans as a workforce. This fear has now become a reality for a number of employees working for a Japanese company.

By Mayen Jaymalin (The Philippine Star), January 6, 2017 MANILA, Philippines – The Department of Labor and Employment (DOLE) decided yesterday to defer the implementation of the new government policy on contractual employment.

BY REY ELBO, Manila Times, JANUARY 2, 2017 WHICH Philippine employer should be awarded as the most evil to workers, at least for this year? In Japan, advertising giant Dentsu Inc. has been given the 2016 Black Company Award, a.k.a. the Most Evil Corporation of the Year. A group of journalists and rights activists gave…

By Mayen Jaymalin (The Philippine Star), December 29, 2016 MANILA, Philippines – The practice of “endo” or end-of-contract is officially no longer allowed. The Department of Labor and Employment (DOLE) yesterday issued a new regulation banning it and other “labor only” contracting practices.

Sunstar, December 28, 2016 AFTER outlawing subcontracting, the Department of Labor and Employment (Dole) told contractors Wednesday that they are also being prohibited from letting go of their workers once a project with a principal ends.

by PHILIP PERRY, December 27, 2016 The Trump campaign ran on bringing jobs back to American shores, although mechanization has been the biggest reason for manufacturing jobs’ disappearance. Similar losses have led to populist movements in several other countries. But instead of a pro-job growth future, economists across the board predict further losses as AI,…

Dec. 20, 2016 President Duterte’s bloody war on drugs is striking fear in the hearts of the people he wants to protect from the evils of illegal narcotics.

Donald Trump’s presidency sets the stage for future (and potentially lasting) economic hardships for Filipinos across the globe by JC Punongbayan, November 12, 2016 Donald Trump’s win has shocked the world, and the Philippines will inevitably feel the consequences one way or another.

Nov 9th 2016, 13:39 BY R.A. | WASHINGTON Timekeeper FROM late January, Donald Trump will have all the authority of the American executive, and the support of a unified Republican Congress, behind him. He will, therefore, be in a position to deliver profound and lasting change. The near-term economic effect of a Trump presidency is…

Purpose-driven work and non-traditional workspaces are now some of the most sought-after features in a job

By: Francis Ed Lim / @inquirerdotnetPhilippine Daily Inquirer / November 03, 2016 (Last of four parts) If you are a credit card holder but find it difficult to pay your credit card liabilities as they fall due, is it the end of the world for you? Absolutely not. Not known to everybody, the Financial Rehabilitation…

By Atty. Josephus B. Jimenez (The Freeman), August 4, 2016 With all due respect to our beloved President Rodrigo Duterte and to DOLE Secretary Silvestre Bello III, the sweeping generalization to abolish “contractualization” emanates from the failure to understand the true meaning and philosophy behind the term, and the blanket pronouncement to abolish it altogether…

Inaugural Address of President Rodrigo Duterte Oath-taking of the President of the Philippines Malacañang Palace | June 30, 2016 President Fidel Ramos, sir, salamat po sa tulong mo (thank you for your help) making me President; President Joseph Ejercito Estrada; Senate President Franklin Drilon and the members of the Senate; Speaker Feliciano Belmonte and the…

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Former London Mayor Boris Johnson gets a boost, while big banks face a world of chaos Matthew Campbell and Sofia Horta E Costa, June 24, 2016, http://www.bloomberg.com/news/articles/2016-06-24/revealing-the-biggest-winners-and-losers-from-u-k-vote-to-leave Today’s victory for the Leave campaign in the U.K.’s referendum on European Union membership will roil business, markets and politics. Below is a sampling of some of the…