Dec 30, 2008
Cris Evert Lato
Cebu Daily News
CEBU CITY, Philippines – About 30 percent of overseas Filipino workers (OFWs) are working in the United States, according to research group Ibon Foundation.
At least 52 percent of OFW remittances… Read the rest
Dec 29, 2008
Kristine L. Alave
Philippine Daily Inquirer
MANILA Philippines—The Labor department will conduct surveys and meetings with companies in export zones next month to gain a full picture of how the global credit squeeze affects them and to… Read the rest
Dec 29, 2008
Agence France-Presse
Inquirer.net
MANILA, Philippines — Jobs in the Philippines’ export sector will be at risk next year as the global financial crisis worsens, Labor Secretary Marianito Roque warned Monday.
His comments came after Texas Instruments, one of the… Read the rest
Dec 29, 2008
Kristine L. Alave
Philippine Daily Inquirer
MANILA, Philippines—A wage increase next year is unlikely as pressures on the pockets of workers appear to be easing, Labor Secretary Marianito Roque said.
In an interview recently, Roque said there will be… Read the rest
Dec 28, 2008
Ronnel Domingo
Philippine Daily Inquirer
MANILA, Philippines – Toledo Mining Corp. said it had laid off some 600 workers and contractors while some directors took pay cuts as dampened demand took its toll on nickel operations in… Read the rest
Dec 28, 2008
Philippine Daily Inquirer
MANILA, Philippines – The Philippines’ foreign debt burden fell by $1.3 billion in the third quarter to $53.5 billion from $54.8 billion in the previous quarter, as local borrowers reduced their foreign currency exposure in view of… Read the rest
Dec 28, 2008
Cielito Habito
Philippine Daily Inquirer
MANILA, Philippines – Ever notice how our economy has been behaving strangely lately? The latest strange (but welcome) behavior is how job generation based on the last two quarterly Labor Force Surveys (July and… Read the rest
Dec 28, 2008
Jerome Aning
Philippine Daily Inquirer
MANILA, Philippines–The Department of Labor and Employment regards 2008 as another year when industrial peace “reigned,” with only only five strikes recorded, the lowest in the seven decades of the agency’s existence.
DOLE’s… Read the rest
Dec 27, 2008
Michelle Remo
Philippine Daily Inquirer
The Government Service Insurance System (GSIS) and the Social Security System (SSS) have been urged to consider raising the monthly pension received by its retired members as one way to help stimulate household spending… Read the rest
Dec 27, 2008
Doris Dumlao
Philippine Daily Inquirer
The exposure of Philippine commercial banks to the real estate sector expanded in the third quarter despite the worsening US property downturn that triggered a global financial turmoil, the central bank reported.
It reached… Read the rest