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With 6% May jobless rate, 'creating work vital'

EFFORTS to attract more investments are crucial in providing jobs to millions of Filipinos who are unemployed or looking for better employment opportunities, according to local economists. On Thursday, the Philippine Statistics Authority (PSA) reported that 2.93 million Filipinos are unemployed while 6.67 million are underemployed in May. The PSA…

Delfinn-lorenzana , Secretary-delfin , President-ferdinand ,

Tap ₧2 billion intelligence fund for inflation relief, labor alliance urges PBBM

A LABOR group on Thursday urged President Ferdinand R. Marcos, Jr. to tap his over P2-billion intelligence funds to provide relief to people who are now reeling from the effects of high inflation. Sentro ng mga Nagkakaisa at Progresibong Manggagawa (Sentro) Secretary General Joshua T. Mata gave the proposal after Marcos…

Delfinn-lorenzana , Secretary-delfin , President-ferdinand ,

Solon: Time to lay down unemployment insurance | Jovee Marie de la Cruz

AS the Philippines’s jobs situation continues to show enduring weaknesses, an economist-lawmaker on Thursday said the government must shift the social benefits system from targeted cash transfers to some form of universal unemployment insurance. Albay Rep. Joey Sarte Salceda, a senior economist of the House of Representatives, said the current…

Delfinn-lorenzana , Secretary-delfin , President-ferdinand ,

Extend low tariffs on MDM, government urged amid price hikes

LOCAL meat processors are urging President Ferdinand R. Marcos Jr. to extend the lower tariff rate on mechanically deboned meat (MDM) of poultry to temper price increases in processed meat products due to rising costs of inputs. The Philippine Association of Meat Processors Inc. (PAMPI) said the country continues to…

Delfinn-lorenzana , Secretary-delfin , President-ferdinand ,

BSP signals 'more aggressive' monetary policy moves ahead

BANGKO Sentral ng Pilipinas (BSP) Governor Felipe Medalla signaled readiness to unleash “more aggressive” monetary policy moves in the coming months, amid rising price and currency pressures in recent weeks. In a message to reporters on Thursday, Medalla said the BSP is closely monitoring developments in the financial markets which…

Delfinn-lorenzana , Secretary-delfin , President-ferdinand ,

Manufacturing production posts 1.9% growth in May

THE country’s manufacturing production posted a 1.9-percent growth in May 2022, according to the latest data released by the Philippine Statistics Authority (PSA). Based on the Production Index and Net Sales Index, formerly the Monthly Integrated Survey of Selected Industries, the Volume of Production Index (VoPI) grew 1.2 percent in…

Delfinn-lorenzana , Secretary-delfin , President-ferdinand ,

Duterte sends off patrol ship to South China Sea - BusinessWorld Online

Duterte sends off patrol ship to South China Sea - BusinessWorld Online
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Lacson says proud of his 'legacy legis'

The Department of National Defense (DND) and the Armed Forces of the Philippines (AFP) on Tuesday welcomed President Duterte’s signing into law of Republic Act 11709 that prescribed three-year fixed terms for officials holding key positions in the military hierarchy. “The principal objective of this law is to allow general…

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DND favors ROTC for youth's military training | Rene Acosta and Manuel Cayon

The Department of National Defense (DND) on Thursday threw its support behind a proposal for mandatory military training for young Filipinos, but stressed that the Reserve Officer Training Course, ROTC, is a “much better” option. “The implementation of mandatory ROTC in private and public schools is the better alternative. We…

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Japan backs Manila in sea dispute with China, says DFA

Japan backs Manila in sea dispute with China, says DFA
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