NTUC Blog

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

Published by rudy Date posted on October 25, 2020

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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.

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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…

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

Published by rudy Date posted on October 20, 2020

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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.

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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.

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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.

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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.

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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.

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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…

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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.

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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.

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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.

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SWS: 45% of Filipino adults use internet; 1 in 4 read news through Facebook

Published by rudy Date posted on September 8, 2020

by Gabriel Pabico Lalu, Philippine Daily Inquirer, 8 Sep 2020 MANILA, Philippines — Almost half of Filipino adults nationwide are utilizing the internet, a survey taken by the Social Weather Stations (SWS) before the COVID-19 pandemic struck showed.

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4 Sept 2020 – Unemployment rate eases to 10% in July

Published by rudy Date posted on September 4, 2020

by Czeriza Valencia (The Philippine Star), 4 Sep 2020 MANILA, Philippines— The number of Filipinos without jobs fell in July from a record high in April following the easing of community quarantine restrictions, according to the Philippine Statistics Authority (PSA).

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27 Aug 2020 – Philippines among countries with lowest average wage

Published by rudy Date posted on August 27, 2020

By JON VIKTOR D. CABUENAS, GMA News, 27 Aug 2020 The average wage in the Philippines is among the lowest in the world as of August 2020, data compiled by e-commerce platform Picodi revealed.

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ILO study: COVID-19, digitalization double whammy for 18-M PH workers

Published by rudy Date posted on August 19, 2020

by Bernie Cahiles-Magkilat, Manila Bulletin, 19 Aug 2020 More than 18 million workers in the Philippines are affected by the dual destructive impact of digitalization and COVID-19 disruption, according to a study by the International Labor Organization (ILO).

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18 Aug – Over 1M Filipino youth may be jobless this year due to pandemic – report

Published by rudy Date posted on August 18, 2020

By Melissa Luz Lopez, CNN Philippines, 18 Aug 2020 Metro Manila (CNN Philippines, August 18) — Up to a million Filipino youth are at risk of going jobless this year due to the pandemic if lockdown rules stretch on, a joint report of the Asian Development Bank and the International Labour Organization said.

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16 Aug 2020 – Adult joblessness surged to record-high 45.5% in July —SWS poll

Published by rudy Date posted on August 16, 2020

By JON VIKTOR D. CABUENAS,GMA News, 16 Aug 2020 Adult joblessness in the Philippines rose to a record-high of 45.5% in July with half of the unemployed saying they lost their jobs during the coronavirus pandemic, a recent poll of the Social Weather Stations (SWS) revealed.

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4 in 5 Filipinos say life worsened in past 12 months – SWS

Published by rudy Date posted on August 14, 2020

by Gabriel Pabico Lalu, Philippine Daily Inquirer, 14 Aug 2020 MANILA, Philippines — Seventy-nine percent or four in five Filipinos have claimed that their lives worsened in the last 12 months, a recent Social Weather Stations (SWS) survey released Thursday has shown.

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Workers cannot lose regular status due to pandemic: Labor chief

Published by rudy Date posted on August 10, 2020

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7 Aug 2020 – Economy to shrink by over 5% in 2020

Published by rudy Date posted on August 7, 2020

By Anna Leah E. Gonzales, Manila Times, 7 August 2020 The interagency Development Budget Coordination Committee (DBCC) on Thursday further trimmed its economic growth forecast for this year to -5.5 percent from its earlier -2 to -3.4-percent range to take into account the worsening impact of the coronavirus crisis on tourism, trade and remittances.

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Inflation quickens to 2.7 percent in July

Published by rudy Date posted on August 5, 2020

By: Cathrine Gonzales, INQINQUIRER.net, 5 Aug 2020 MANILA, Philippines — The country’s headline inflation “continued to exhibit a faster pace” as it picked up to 2.7 percent in July, the Philippine Statistics Authority (PSA) said Wednesday.

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5 Aug 2020 – With looming deficit, PhilHealth to ‘collapse’ by 2022

Published by rudy Date posted on August 5, 2020

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ADB sees 20.2% drop in PH remittances in 2020

Published by rudy Date posted on August 3, 2020

by Ben O. de Vera, Philippine Daily Inquirer, 3 Aug 2020 MANILA, Philippines — Remittances from Filipinos abroad are expected to drop by 20..2 percent this year amid a COVID-19 pandemic-induced global recession, putting households dependent on these cash transfers at risk of falling into poverty, the Asian Development Bank (ADB) said.

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‘My world stopped spinning’ – life on hold for millions of Philippine migrant workers

Published by rudy Date posted on July 23, 2020

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22 July 2020 – PH oldest labor center voted — against the workers

Published by rudy Date posted on July 22, 2020

By Marlen V. Ronquillo, The Manila Times, 22 Jul 2020 ORGANIZED labor during the Marcos regime was structured along the three major ideologies: right, center and left. On the right of the ideological spectrum, and the first labor center to be formed in the country, was the Trade Union Congress of the Philippines or TUCP.…

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21 July 2020 – More than 3 million workers affected by pandemic – DOLE

Published by rudy Date posted on July 21, 2020

by Mayen Jaymalin (The Philippine Star), 21 Jul 2020 MANILA, Philippines — The number of workers who suffered loss of income and employment nationwide due to the coronavirus disease 2019 (COVID-19) pandemic has exceeded three million, the Department of Labor and Employment (DOLE) reported.

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21 July 2020 – 1 out of 5 Pinoys have gone hungry in last 3 months, highest rate since 2014 – SWS

Published by rudy Date posted on July 21, 2020

by Gabriel Pabico Lalu, Philippine Daily Inquirer, 21 Jul 2020 MANILA, Philippines — At least one out of every five Filipinos have experienced involuntary hunger in the past three months, according to recent survey conducted by the Social Weather Stations (SWS), the results of which were released Tuesday.

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7 Jul 2020 -Growth, even just for a quarter, unlikely this year — BSP chief

Published by rudy Date posted on July 7, 2020

By Ian Nicolas Cigaral(Philstar.com), 7 Jul 2020 MANILA, Philippines — There is no chance for economic growth this year, the Bangko Sentral ng Pilipinas (BSP) chief said on Tuesday.

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