NTUC Blog

Global deal for a new fairness and a new respect for the planet

Published by rudy Date posted on April 3, 2009

Brussels, (ITUC OnLine): A call for a ‘Global New Deal’ was launched today in Brussels by a unique coalition of progressive politicians, trade unions and NGOs from over forty countries. ITUC affiliates from every region took part in the event.

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Husband, daughter killed: Must she grieve alone?

Published by rudy Date posted on April 3, 2009

One morning last December the headlines shocked the nation. Sixteen persons had been killed the night before in a shootout in Parañaque City.

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Employment situation to get better in 3 months – DOLE

Published by rudy Date posted on March 31, 2009

MANILA, Philippines – Workers nationwide can look forward to better days, the Department of Labor and Employment said yesterday.

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Heart-healthy tips from America’s experts

Published by rudy Date posted on March 31, 2009

The new food pyramid, with emphasis on exercise, as shown by the man climbing the stairs (Source: US Department of Agriculture)

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HK mag apologizes for Pinoy ‘racial slur’

Published by rudy Date posted on March 31, 2009

The publisher and editors of Hong Kong Magazine yesterday apologized for the “politically incorrect” article written by its columnist Chip Tsao which has sparked outrage among Filipinos at home and in the former British colony.

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Rebalancing growth

Published by rudy Date posted on March 30, 2009

I MENTIONED LAST WEEK how various East Asian scholars, in a recent forum in Tokyo, affirmed the need for East Asia to rethink and rework the export-driven growth model that had propelled the region’s economies in recent decades.

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121,000 workers lost jobs, hit by pay cuts, says Labor

Published by rudy Date posted on March 30, 2009

CLARK FIELD—Over 121,000 Filipino workers have either lost their jobs or suffered pay cuts or reduced work loads because of the economic crisis, according to a Labor Department official.

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Over 121,000 RP jobs hit

Published by rudy Date posted on March 30, 2009

12,000 overseas workers laid off–Labor official The economic crisis has cost over 121,000 Filipino workers their jobs, pay cuts or reduced work loads, a government official said on Sunday.

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Amid economic slowdown, job cuts, top companies give out generous reward to owners

Published by rudy Date posted on March 30, 2009

TOP companies raised by a fifth the cash reward for their owners last year amid an economic slowdown that has seen more firms slash jobs.

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Highlights of Interactive Thematic Dialogue on World Financial Crisis

Published by rudy Date posted on March 27, 2009

UN General Assembly, 25 to 27 March, 2009 Member States of the UN General Assembly participating in the Interactive Thematic Dialogue of 25 to 27 March 2009 viewed the dialogue as an opportunity to build worldwide consensus for global action to address the deepening crisis. The Interim Report of the Commission of Experts on reforms…

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US data sparks fresh hope worst maybe over

Published by rudy Date posted on March 26, 2009

MUCH better-than-expected US industrial orders data boosted markets in the United States overnight, offering another sign that its stricken economy could finally be steadying after months of turmoil.

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Leadership lessons from Tony Blair

Published by rudy Date posted on March 25, 2009

TONY Blair knows what he is talking about. As prime minister of the United Kingdom for 10 years (assuming the office at the young age of 43), Blair knew what it was to lead a nation. Now envoy of the Quartet (United Nations , European Union, the United States and Russia) to the Middle East,…

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Fighting recession

Published by rudy Date posted on March 24, 2009

very adjustment in our projected economic growth rate for this year has been downwards. That is not very encouraging.

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US Federal Reserve launches bold $1.2-trillion effort to revive economy

Published by rudy Date posted on March 20, 2009

WASHINGTON (AP) — With the US sinking deeper into recession, the Federal Reserve launched a bold $1.2-trillion effort Wednesday to lower rates on mortgages and other consumer debt, spur spending and revive the economy.

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Slow growth of earnings alarms ADB

Published by rudy Date posted on March 20, 2009

The Asian Development Bank (ADB) said the sluggish growth in earnings of Filipino workers over the last decade is “alarming,” particularly because the figures did not expand faster than the economic growth rate.

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World economy ‘to shrink in 2009’

Published by rudy Date posted on March 19, 2009

The world economy is set to shrink by between 0.5% and 1.0% in 2009, the first global contraction in 60 years.

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Government acts to address rising unemployment

Published by rudy Date posted on March 19, 2009

MANILA, Philippines – Socioeconomic Planning Secretary Ralph Recto yesterday assured that the government would step up efforts to address the rising unemployment rate in the country.

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Economy remains sensitive to global downturn – BSP

Published by rudy Date posted on March 19, 2009

MANILA, Philippines – Despite its resilience, the Bangko Sentral ng Pilipinas (BSP) said the Philippine economy is still sensitive to a deeper and protracted global economic downturn requiring prompt and decisive policy action.

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Workers assured of soft loans

Published by rudy Date posted on March 19, 2009

As jOB losses mount, the Social Security System will make available P500 million in emergency loans for its members who have been displaced by the global economic crisis.

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10 ways to be a good manager during a recession

Published by rudy Date posted on March 19, 2009

It’s clear that the current recession is not going to be a fleeting phenomenon. Managers need to learn how to lead under extraordinary marketplace pressures and decreased morale, amid pay cuts, spending cuts on strategic projects, and staff reductions. As a leader, you can get through this mess in a positive manner if you take…

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De Castro urges delinquent housing borrowers to avail selves of restructuring

Published by rudy Date posted on March 18, 2009

Borrowers with delinquent loans from any government financing institution (GFI) or housing agency may now apply for loan restructuring and condonation under a new program that aims to save their homes from foreclosure, Vice President Noli de Castro, chairman of the Housing and Urban Development Coordinating Council (HUDCC), announced yesterday.

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Jobless rate climbs to 7.7% in January

Published by rudy Date posted on March 18, 2009

MANILA, Philippines – The National Statistic Office (NSO) reported yesterday that there are now 2.855 million jobless Filipinos in January as the local unemployment rate increased to 7.7 percent owing to the global economic crisis.

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The challenges of the global economic and social crisis – Ebrahim Patel.

Published by rudy Date posted on March 17, 2009

Edited version of address at the Employment and Social Policy Committee, International Labour Organisation, 17 March 2009.

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Government agencies ordered to provide emergency employment to poor

Published by rudy Date posted on March 16, 2009

MANILA, Philippines – Malacañang yesterday renewed President Arroyo’s call on government agencies to tighten their belts and use their savings to provide emergency employment to the poor to help tide them over in the coming months.

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Our failure: Enforcement and implementation

Published by rudy Date posted on March 15, 2009

WE OFTEN HEAR IT SAID THAT we in the Philippines have no lack of good plans, programs, policies and laws, but our problem lies in enforcement and implementation. For example, we pride ourselves as being among the first in the world to have formulated a national strategy for sustainable development after the 1992 Rio Earth…

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Arroyo on Rationalization

Published by rudy Date posted on March 13, 2009

‘No dislocation of gov’t workers’ MANILA, Philippines — President Gloria Macapagal-Arroyo said “no one shall be dislocated” in the government workforce when a rationalization program is implemented.

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Export-dependent Asian economies sink deeper

Published by rudy Date posted on February 28, 2009

ASIA’S export-dependent economies have been plunged into their worst crisis in decades as the global recession saps demand for the region’s consumer electronics, cars and semiconductors.

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Dwarfed

Published by rudy Date posted on February 17, 2009

It was like throwing a bucket of water at a house ablaze. The results might not be quite promising.

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DOLE sets up 24/7 hotline on global financial crisis

Published by rudy Date posted on January 30, 2009

MANILA, Philippines — Workers who stand to lose their jobs due to the global economic meltdown can now call the Department of Labor and Employment (DOLE) for help at (632)527-4437.

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500,000 Pinoys to lose jobs

Published by rudy Date posted on January 30, 2009

Infra spending to ease demand woes–Citigroup   Nearly half-a-million Filipinos could lose their jobs, according to Citigroup. In a report, the US financial services giant said Philippine gross domestic product (GDP) is projected to grow 3 percent this year and recover to 4.6 percent next year. A proxy for a country’s economic output, GDP measures…

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