NTUC Blog

MANILA, Philippines – Fewer Filipino workers are now getting hired abroad contrary to the government’s claim, the recruitment industry said yesterday.

The current dispute between the book industry and the Department of Finance regarding the imposition of taxes on book importation boils down to this.

ADB compares living standards around the world   It would take nearly two centuries for the Philippines to catch up with the living standards of industrialized countries at its current pace of economic growth, the Asian Development Bank (ADB) reported Thursday.

WASHINGTON (AP) — Evidence that housing is poised to improve and optimism about the results of banking “stress tests” raised hopes Monday, May 4, that the recession is easing.

WASHINGTON, D.C.: President Barack Obama, decrying “egregious” tax abuses, announced Monday (Tuesday in Manila) savings of $210 billion by squeezing offshore havens and US firms’ ability to profit from outsourcing jobs.

CEBU CITY – Labor Secretary Marianito Roque said unemployment in the country was slowly starting to ease as companies have started to hire workers.

The head of the US central bank, Ben Bernanke, has said he expects the recession to end this year unless there is a major financial setback.

To understand the rally, recognize that the GDP statistics you are reading are already out of date.

It was good to have met up with former Senator Ernesto Herrera just a few days from Labor Day. Herrera, a pillar of the Philippine labor movement, is the quintessential laborite. I had not seen him for a while but I was keen to hear his views in a financial crisis that has profoundly affected…

I can’t say I am ecstatic over the addition of more party-list congressmen as a consequence of the Supreme Court’s reading of the law.

MANILA, Philippines (Xinhua) – The government is gearing up for a “rebound mode” following upbeat indicators in the global economy, officials said yesterday.

MANILA, Philippines – The slowdown in the country’s growth and overseas sales is not directly related to the global economic crunch but rather the lack of competitiveness that has plagued the different industries for years, a top economist said.

WASHINGTON — Finance chiefs from the G7 powers said on Friday the global economy may be past the worst phase of a recession although recovery was not yet assured, and they pledged to make sure that big financial firms are sound.

WASHINGTON, D.C.: The International Monetary Fund (IMF) on Wednesday forecast a severe global contraction this year, sharply downgrading its already bleak outlook from earlier this year.

MANILA, Philippines – Despite efforts to simplify business processes in the country, the cost of doing business in the Philippines is one of the highest in Southeast Asia and very little protection is given to investors.

MANILA, Philippines — The worst shock waves from the global financial crisis and commodity price spikes may be over for the Philippines and other emerging markets which can now “decouple” from the slump in the West, an economist from British banking giant HSBC said yesterday.

With the Supreme Court (SC) opening the door to more party-list members of Congress, former Maj. Gen. Jovito Palparan, known to militants as “The Butcher” and being a top nominee of his party, Bantay, won a seat and is expected to join Congress soon.

MANILA, Philippines – As inflationary pressures drop this year, the Bangko Sentral ng Pilipinas (BSP) decided yesterday to cut its policy rates by another 25 basis points, bringing the cumulative reduction to 150 basis points since December 2008.

It’s becoming more evident that this crisis is not going to be as bad as feared—it’s going to be worse, the news that comes out each day is of ever worsening conditions. Now the expectation is that the world economy will shrink by 1 percent this year. A recovery in 2009 is no longer a…

WASHINGTON — The International Monetary Fund on Thursday forecast a prolonged, deep global recession in a crisis “nobody is escaping,” with recovery slow and difficult.

President Gloria Macapagal Arroyo has declared April 21 to May 1, 2009 as International Labor Organization (ILO) Week, Malacañang said Friday.

MANILA, Philippines — Local and foreign firms operating in the country have resorted to cutting employee bonuses and benefits just to keep from laying people off.

MORE Filipinos are poised to lose their jobs as the government is set to cut anew its economic growth target for this year, according to pundits.

This case of Tony, a Filipino seafarer, is an example of the judicial power of the Courts to review and declare as unconstitutional the acts of a co-equal branch like Congress.

MANILA, Philippines—Economic Planning Secretary Ralph Recto has announced that job losses resulting from the global financial crisis were “tapering off.”

Fear of losing their jobs has forced a growing number of migrant Filipino workers to save more, and lessen their home-bound remittances, the Trade Union Congress of the Philippines (TUCP) said. The TUCP now expects remittances from overseas Filipino workers (OFWs) to fall by 5 percent to 10 percent this year, down from a prior…

Freddy and the Lord stood by to observe a baseball game. The Lord’s team was playing Satan’s team.

THE National Economic and Development Authority (Neda) sees even slower growth in 2009 and 2010 in light of the possible increase in export-earnings losses and rising unemployment for Filipinos here and abroad as a result of the global economic recession.

MANILA, Philippines—After a bad first quarter, the electronics industry seems to be showing signs of recovery, although at a very slow pace, according to an industry executive.

MANILA, Philippines – There is a Filipino in every country in the world.