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Gov’t investing more for human capital dev’t

MANILA, Philippines — The Department of Finance (DOF) said the government is investing heavily on human capital development programs to train its young workf.....»»

Category: financeSource: philstar philstarOct 7th, 2017

Private sector investing heavily in regions – BDO exec

THE private sector is now investing heavily in areas outside Manila as part of its commitment to support the government’s goal of distributing growth across the country, BDO Capital & Investment Corp. President Eduardo Francisco said during The Manila Times 7th Business Forum. “The private sector is investing heavily in the provinces and supporting businesses to [...] The post Private sector investing heavily in regions – BDO exec appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsFeb 9th, 2018

Robot makes coffee at new cafe in Japan’s capital

TOKYO --- Japan has a new cafe where customers can enjoy coffee brewed and served by a robot barista. The robot named Sawyer debuted this week at Henna Cafe in Tokyo's downtown business and shopping district of Shibuya. The shop's name in Japanese means "strange cafe." The single-armed robot scans a ticket purchased from a vending machine and greets the customer. "Would you care for a delicious coffee?" the barista, with a screen showing a pair of cartoon eyes, asks in a flat tone. "I can make one better than human beings around here." It grinds the coffee beans, fills a filter and pours hot water over a paper cup for up to five people at once. A cup of brewed coffee cost...Keep on reading: Robot makes coffee at new cafe in Japan’s capital.....»»

Category: newsSource:  inquirerRelated NewsFeb 3rd, 2018

Philab invests in a US-based genomics company

PHILAB Holdings Corp. is investing P500 million in a US-based genomics company in a deal seen to boost the Philippine-listed company’s bid to expand overseas. In a statement on Friday, Philab said it has signed a collaboration deal with Veritas Genetics which it described as a “globally known genomics innovator” that screens human DNA through […] The post Philab invests in a US-based genomics company appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 2nd, 2018

SSS considering to invest in PSE

The Social Security System is considering to participate as one of the cornerstone investors in its P2.5 billion stock rights offering. In an interview on Friday, SSS chair Amado Valdez said the state-controlled pension fund was now studying the possibility of investing in the local bourse. "We're talking about it. (PSE president Ramon) Monzon has visited me. We're trying to study," Valdez said, when asked whether the SSS was interested in participating in local capital market regulation as an investor in PSE. Valdez said discussions on the matter had slowed because the person involved in studying the prospective investment in PSE was among those personal stock trades were...Keep on reading: SSS considering to invest in PSE.....»»

Category: newsSource:  inquirerRelated NewsJan 15th, 2018

More businesses investing in training of workers

MANILA, Philippines — More businesses are investing in the development of their human resources by providing job-related trainings, according to the results.....»»

Category: financeSource:  philstarRelated NewsDec 25th, 2017

One Rohingya’s struggle to empower women in Malaysia – Al Jazeera

Tucked away upstairs at a shopping plaza in this city’s north end is a small storefront turned classroom for dozens of Rohinyga women and children. The sound of these women reciting English phrases, laughing and the occasional cries of kids can be heard in the stairwell. Its founder, Sharifah Husain, 24, said she wanted to do something to help women and children in her community, who are not allowed to work or study in Malaysia. “I noticed we didn’t have a Rohingya women’s organisation that was standing up for women – to be the voice of women,” Husain said. Husain comes from Buthidaung village in Myanmar’s restive Rakhine state. Her father fled to Malaysia when she was five-years old, fearing for his life. Husain was left behind with her mother and two younger siblings. The village was attacked soon afterward, so Husain’s mother took them to Yangon, the former capital of Myanmar – then known as Burma. Her recollection of the traumatic moment when a local mob attacked her village is hazy. It took place almost 20 years ago. But it mirrors the accounts of Rohingya refugees now in Bangladesh, who’ve recently fled the Myanmar’s army clearance operations and local Buddhist mobs. “My mother was arrested in Yangon and sentenced to prison for not having official [identification or travel] documents,” Husain recounted. “This left me in charge.” Husain can’t remember how long she spent in Yangon, but she said she was separated from her siblings and sent north to Mandalay and forced into servitude. She spoke to her father in Malaysia, over the phone, and he agreed to pay human traffickers to bring Husain and her siblings to Kuala Lumpur, Malaysia’s largest city. All three, including Husain, were smuggled by land, into Thailand and Malaysia. At that time the Southeast Asia trafficking route wasn’t as defined as it is today. Human trafficking groups in Bangladesh and Thailand now make a lot of money off of poor, desperate refugees fleeing war and violence in Myanmar. Today, the concern faced by the Malaysia government is if it recognises its refugees then that could send a signal to more to make the perilous journey, now taken by sea from Myanmar and Bangladesh to sanctuary in Malaysia, where they don’t face violent persecution. The UN refugee agency, UNHCR, states there are 152,170 registered refugees in Malaysia. The majority are Rohingya, displaced from their homes in Myanmar, like Husain. But the amount of unregistered refugees varies widely from 40,000 to 140,000, according to Asylum Access Malaysia. “The big question is – when are the boats going to come? There’s no indication they will now, but there’s definitely a high possibility that they will. And once new groups arrive, that complicates [the] situation,” said Deepa Nambiar, Asylum Access Malaysia director. UNHCR runs what it calls a “parallel school system” for refugees in Malaysia, allowing children to  access basic, primary-level education. Refugee groups and local faith-based organisations fund these schools, staffed by volunteers. One-hundred and twenty-eight informal refugee schools in Malaysia access funding from the UN. It provides education to 7,154 children, according to UNHCR. Malaysia’s Prime Minister’s Office states 16,809 Rohingya refugee children are registered with UNHCR. This means about 10,000, or more, refugee children in Malaysia are unable to access any form of education. A dozen or so more informal refugee schools exist but rely solely on donations and are understaffed, said Asylum Access. “To live in Malaysia, yes you can live, but you don’t have a future. You are in a box. You can’t go out of the box,” Husain said. Husain has received no formal education in Malaysia. This is remarkable considering her drive to educate refugee women and children. Malaysians are supporting Rohingya Women’s Development Network by volunteering as teachers and support staff. Rohinyga Women’s Development Network started officially last year. But Husain has spent the last decade educating her community’s most vulnerable women and children in their own homes. “I have built up a trust. The men especially trust me. They feel safe sending their wives to our centre because they know me,” Husain said. Word has spread and more refugee families are now attending Rohingya Women’s Development Network classes, where they receive English-language instruction, leadership training and brand new self-defence classes. “We want to stop domestic violence. We want to stop child marriages in the community. We want to build up women’s empowerment,” Husain said. “We really need the Malaysia government to recognise us.” Husain is trying to change the mentality in the Rohingya and wider refugee community in Malaysia, that women and girls can’t study, work, or earn an income. She receives some funding from UNHCR to run programmes but uses her own money to keep them going. “Of course I have support from my family. My father is my hero. My husband is my hero. Both of these men have really pushed me forward,” Husain added. The Rohingya Women’s Development Network has teamed up with Asylum Access Malaysia on a refugee theatre project. This will allow refugee women to educate the community on issues of sexual violence. “What I think is so innovative about Sharifah and the team is that when we were discussing this project they said ‘we need to get men involved’,” Nambiar said. Husain is appealing to others in the refugee community to support initiatives set up by the Malaysia government and civil society groups to help […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsNov 30th, 2017

Tax haven secrets of ultra-rich exposed – BBC News

A huge new leak of financial documents has revealed how the powerful and ultra-wealthy, including the Queen’s private estate, secretly invest vast amounts of cash in offshore tax havens. Donald Trump’s commerce secretary is shown to have a stake in a firm dealing with Russians sanctioned by the US. The leak, dubbed the Paradise Papers, contains 13.4m documents, mostly from one leading firm in offshore finance. BBC Panorama is part of nearly 100 media groups investigating the papers. As with last year’s Panama Papers leak, the documents were obtained by the German newspaper Süddeutsche Zeitung, which called in the International Consortium of Investigative Journalists (ICIJ) to oversee the investigation. The Guardian is also among the organisations investigating the documents. Sunday’s revelations form only a small part of a week of disclosures that will expose the tax and financial affairs of some of the hundreds of people and companies named in the data, some with strong UK connections. Many of the stories focus on how politicians, multinationals, celebrities and high-net-worth individuals use complex structures of trusts, foundations and shell companies to protect their cash from tax officials or hide their dealings behind a veil of secrecy. The Paradise Papers show that about £10m ($13m) of the Queen’s private money was invested offshore. It was put into funds in the Cayman Islands and Bermuda by the Duchy of Lancaster, which provides the Queen with an income and handles investments for her £500m private estate. There is nothing illegal in the investments and no suggestion that the Queen is avoiding tax, but questions may be asked about whether the monarch should be investing offshore. There were small investments in the rent-to-buy retailer BrightHouse, which has been accused of exploiting the poor, and the Threshers chain of off-licences, which later went bust owing £17.5m in tax and costing almost 6,000 people their jobs. The Duchy said it was not involved in decisions made by funds and there is no suggestion the Queen had any knowledge of the specific investments made on her behalf. The Duchy has in the past said it gives “ongoing consideration regarding any of its acts or omissions that could adversely impact the reputation” of the Queen, who it says takes “a keen interest” in the estate. Wilbur Ross helped stave off bankruptcy for Donald Trump in the 1990s and was later appointed commerce secretary in Mr Trump’s administration. The documents reveal Mr Ross has retained an interest in a shipping company which earns millions of dollars a year transporting oil and gas for a Russian energy firm whose shareholders include Vladimir Putin’s son-in-law and two men subject to US sanctions. It will again raise questions about the Russian connections of Donald Trump’s team. His presidency has been dogged by allegations that Russians colluded to try to influence the outcome of last year’s US election. He has called the allegations “fake news”. Democratic Senator Richard Blumenthal has called for an investigation, telling NBC News that Mr Ross had given Congress the impression he no longer held shares in the shipping company. “Our committee was misled, the American people were misled by the concealment of those companies.” Most of the data comes from a company called Appleby, a Bermuda-based legal services provider at the top end of the offshore industry, helping clients set up in overseas jurisdictions with low or zero tax rates. Its documents, and others mainly from corporate registries in Caribbean jurisdictions, were obtained by Süddeutsche Zeitung. It has not revealed the source. The media partners say the investigation is in the public interest because data leaks from the world of offshore have repeatedly exposed wrongdoing. In response to the leaks, Appleby said it was “satisfied that there is no evidence of any wrongdoing, either on the part of ourselves or our clients”, adding: “We do not tolerate illegal behaviour.” Essentially it’s about a place outside of your own nation’s regulations to which companies or individuals can reroute money, assets or profits to take advantage of lower taxes. These jurisdictions are known as tax havens to the layman, or the more stately offshore financial centres (OFCs) to the industry. They are generally stable, secretive and reliable, often small islands but not exclusively so, and can vary on how rigorously they carry out checks on wrongdoing. The UK is a big player here, not simply because so many of its overseas territories and Crown dependencies are OFCs, but many of the lawyers, accountants and bankers working in the offshore industry are in the City of London. It’s also about the mega-rich. Brooke Harrington, author of Capital Without Borders: Wealth Managers and the One Percent, says offshore finance is not for the 1% but the .001%. Assets of around $500,000 (£380,000) would just not meet the offshore fees the schemes would need, she says. Well, it is a lot of cash. The Boston Consulting Group says $10tn is held offshore. That’s about the equivalent of the gross domestic products of the UK, Japan and France – combined. It may also be a conservative estimate. Critics of offshore say it is mainly about secrecy – which opens the door to wrongdoing – and inequality. They also say the action of governments to curb it has often been slow and ineffective. Brooke Harrington says if the rich are avoiding tax, the poor pick up the bill: “There’s a minimal amount the governments need to function and they recoup what they lose from […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsNov 6th, 2017

Commentary: Enhancing human capital in the 10-point agenda

What do we need to advance this country over the long term?  .....»»

Category: newsSource:  philstarRelated NewsSep 20th, 2017

Developing human capital

Developing human capital.....»»

Category: newsSource:  thestandardRelated NewsSep 16th, 2017

PH slips 1 notch in human capital index

PH slips 1 notch in human capital index.....»»

Category: newsSource:  manilatimes_netRelated NewsSep 13th, 2017

Philippines falls a notch in WEF’s Human Capital Index

MANILA, Philippines — The Philippines has dropped anew in a global ranking which measures countries’ ability to make the most of their populations’ economic.....»»

Category: financeSource:  philstarRelated NewsSep 13th, 2017

Human Capital of Maritime Philippines

Human Capital of Maritime Philippines.....»»

Category: newsSource:  manilatimes_netRelated NewsAug 11th, 2017

HR office: From personnel to human capital

HR office: From personnel to human capital.....»»

Category: newsSource:  manilatimes_netRelated NewsMay 11th, 2017

Opinion: Thinking Beyond Politics -- Victor Andres Manhit: "Harnessing the Filipino potential"

While the Philippines has enjoyed rapid economic growth, poverty and inequality rates remain high. Unsurprisingly, in terms of human development, the Philippines ranks behind its peers in ASEAN. To ensure that growth becomes more inclusive, the current administration should address persistent concerns on human capital formation and start preparing for the potentially disruptive effects of new technologies. If they do so, our people will gain a better chance of enjoying the benefits of economic and technological progress......»»

Category: financeSource:  bworldonlineRelated NewsApr 4th, 2017

Myanmar’s great hope fails to live up to expectations – The Guardian

The script called for the lead actor, a Nobel prize winner, to seize control of a country, bring peace where there was conflict and prosperity where there was poverty. A nation emerging from years of military dictatorship was to become a beacon of hope not only for its cowed population but also for much of a fractured and turbulent south-east Asia. But like many political dramas – especially over the past 12 months – the script has not been followed by Myanmar and its de facto leader, Aung San Suu Kyi. Now, a year since one of the world’s most famous prisoners of conscience came to power in the specially created position of state counsellor, the talk is not of progress. Instead, it is of drastically escalating ethnic conflicts that have simmered and sporadically exploded for decades; a new Rohingya Muslim insurgency that has prompted an army crackdown some say may amount to crimes against humanity; a rash of online defamation cases that have fostered a panic over freedom of speech; and a repressive legal framework that allowed the generals to jail so many still being in place. And all the while, Aung San Suu Kyi is accused of remaining mostly silent, doggedly avoiding the media. Many who led the campaign [to free her] were on the liberal side. I think she’s closer to a Margaret Thatcher. Interviews by the Guardian with more than a dozen diplomats, analysts and current and former advisers reveal frustrations with a top-down government struggling to cope with immense challenges. Aung San Suu Kyi’s questionable leadership style, her inability or unwillingness to communicate a vision, and her reluctance to speak out against the persecution of minorities have raised the question of whether the popular narrative is misplaced. And although some defend her, saying it takes time to right the wrongs of decades, others see a fundamental misunderstanding of the woman herself. “Many of the people who led the campaign [to free Aung San Suu Kyi] … were more on the liberal side of the spectrum,” one diplomat put it. “I think she’s closer to a Margaret Thatcher.” It’s a stark contrast to the Aung San Suu Kyi who, during 15 years of house arrest at her lakeside villa on University Avenue in Yangon, stood on rickety tables and delivered speeches about human rights over the gate. “And she was electric,” said David Mathieson, a longtime Myanmar researcher for Human Rights Watch who is now an independent consultant. “She was funny. She was informative. She was principled … And I think it’s lamentable that she’s not doing the equivalent of that now.” Five hours north by car from Yangon, Myanmar’s dystopian capital Naypyidaw stands surrounded by densely forested mountains. It is here, in the so-called Abode of Kings supposedly built to insulate Myanmar’s generals from attack, amid a landscape of deserted 20-lane highways and grandiose hotels, that Aung Sun Suu Kyi lives her life in power. The 71-year-old is a disciplined ruler. Her habit, established during imprisonment, is to wake before dawn and meditate in the house she shares with her pet dog and a small retinue of maids. She has breakfast with an adviser, often Kyaw Tint Swe, a former ambassador who spent decades defending the junta’s actions. An aide, Win Htein, says Aung San Suu Kyi eats very little. “The amount of food she is taking is like a kitten,” he said. “She doesn’t eat carbohydrates. Fruit and vegetables. No pork, or mutton, or beef. Only fish.” Her few indulgences include a vast wardrobe of luxurious silk longyis and evening film viewings, musicals being her favourite. Win Htein recently gave her a copy of La La Land. But mostly she works. And there is a lot of work. As well as state counsellor – a position created to get around the military-drafted constitution that bars her from the presidency – she is foreign minister, minister of the president’s office and chair of numerous committees. Widely described as a micromanager, she pores over documents after hours. A source close to the attorney general’s office says she asks to see a copy of every draft bill before it is submitted to parliament. Ministers routinely pass decisions upwards. “The problem is there are no policymakers in her cabinet,” said Burmese political analyst Myat Ko. People who know her say Aung San Suu Kyi inspires both devotion and fear. She is variously described as charming and charismatic, and sharp and authoritarian. “She feels like a real leader,” one diplomat said. “Intelligent, quick-witted, quite funny.” At the same time, he added: “I would say that she has appeared to be very keen to be the sole decision-maker to have no chance of establishing rival power centres.” Echelons above her subordinates in stature, the state counsellor is often depicted as living in a bubble, surrounded by a cabal of advisers who are too nervous to convey hard truths. A Yangon-based analyst working on the peace process said bad news often does not reach her. “In meetings, she is dismissive, dictatorial – in some cases, belittling,” said a senior aid worker who, like many others interviewed for this story, insisted on anonymity because he works with the administration. The government, he said, has become “so centralised, there is complete fear of her”. This is not the administration many hoped for when the National League for Democracy (NLD) took over the government [&'].....»»

Category: newsSource:  mindanaoexaminerRelated NewsMar 31st, 2017

Clashes in Syria’s Damascus after surprise rebel attack – Al Jazeera

Heavy clashes rocked eastern districts of the Syrian capital on Sunday after rebel fighters launched a surprise assault on government forces, a monitor and state television said. Steady shelling and sniper fire could be heard across Damascus on Sunday as rebel factions allied with former al-Qaeda affiliate Jabhat Fateh al-Sham launched an attack on government positions in the city's east. The clashes centered on a government-held gap between two besieged opposition enclaves, the Jobar and Qaboun neighborhoods. The Ahrar al-Sham rebel group said fighters had &'8220;liberated&'8221; the area. Tahrir al-Sham &'' a umbrella group of rebels formed by Jabhat Fateh al-Sham last month &'' and the independent Failaq al-Rahman group also participated in the attack. Syrian state media said the military had repelled an attack by one group after &'8220;terrorists&'8221; infiltrated through tunnels in the middle of the night. Rebels detonated two large car bombs at 5:20am on Sunday close to the Jobar neighborhood. Tahrir al-Sham claimed responsibility for the attack. Rebels then advanced into the nearby Abbasiyn Square area, seizing several buildings and firing a barrage of rockets into multiple Damascus neighbourhoods, according to Rami Abdelrahman of the UK-based Syrian Observatory for Human Rights. Government forces responded with nearly a dozen air strikes on Jobar, he added. Al Jazeera's Mohamed Al Jazaeri, reporting from near Damascus, said that at least 15 civilians had been killed after government forces shelled residential neighborhoods in Eastern Ghouta, but that the fighting had since become less intense. &'8220;This advance is the largest for opposition groups in over a year and a half,&'8221; Al Jazaeri said. &'8220;Military operations have not stopped in the area but it has calmed down. There remains sniper shooting from both sides and regime forces are shelling Jobar neighborhood, as well as other areas controlled recently by the opposition.&'8221; Control of Jobar &'' which has been a battleground district for more than two years &'' is divided between rebels and allied fighters on one side, and government forces on the other. It is one of three pockets in the Syrian capital still in opposition hands. The recent fighting has resulted in rebel control of industrial areas in Al-Qaboun in addition to parts of Abbasiyn breaking a siege on the area and linking it to Jobar neighborhood, which is connected to Eastern Ghouta, Al Jazaeri said. Joshua Landis, an expert on Syria at the University of Oklahoma, told Al Jazeera that the offensive had taken the government by surprise and that its response was likely to be very significant. &'8220;I don't think it's going to change the trajectory of the war, which has been seeing the regime make important gains and the opposition getting increasingly restricted. But it shows the opposition is far from dead. It shows also that this new combination led by [Tahrir al-Sham] is very potent,&'8221; Landis said. &'8220;The regime is going to realise that it cannot allow these two areas to linger there because they are beachheads for this Tahrir a-Sham group to make inroads into the Damascus area,&'8221; he said, adding the government would likely withdraw some forces from areas such as Homs and Hama to refocus on Damascus. &'8220;It means that the fight is still on, there are many fronts to this war, and the opposition remains powerful.&'8221; Syrian state TV aired footage from Abbasiyn Square, typically buzzing with activity but now empty except for the sound of shelling. Residents said artillery shells and rockets were landing in the heart of the city. The Observatory said rebel shells hit several nearby districts in Damascus, including Bab Touma, Rukn al-Din and the Abbasiyin area. Several schools announced they would close through Monday, and many civilians cowered inside in fear of stray bullets and shelling. According to the Observatory, the Faylaq al-Rahman group and the Fateh al-Sham Front &'' known as al-Nusra Front before it broke ties with al-Qaeda &'' were present in Jobar. &'8220;This neighbourhood is the most important front line because it's the closest rebel position to the heart of the capital,&'8221; said Abdel Rahman. Government forces have long sought to push the rebels out of the district because of its proximity to the city centre in Damascus. But with Sunday's attack, Abdel Rahman said, &'8220;rebels have shifted from a defensive position in Jobar to an offensive one&'8221;. &'8220;These are not intermittent clashes &'' these are ongoing attempts to advance,&'8221; he said. One rebel commander told the Associated Press news agency they launched the assualt from Jobar as a way to relieve allied fighters in the nearby districts of Barzeh, Tishreen, and Qabun from government attacks. &'8220;This is to relieve the pressure on rebels with the regime not stopping its bombardment and artillery shelling,&'8221; said Abu Abdo, a commander from Failaq al Rahman. The attack on Damascus comes just days before a fresh round of UN-brokered peace talks in Geneva aiming to put an end to Syria's six-year war. Rebels and government troops agreed to a nationwide cessation of hostilities in December, but fighting has continued across much of the country, including in the capital. Rebels said the army had advanced in the last two days after weeks of bombardment and aerial strikes aimed at regaining control of strategic areas inside the capital, a few kms away from President Bashar al Assad's seat of power. The army had advanced towards a road between Qaboun and Barza, whose capture severed the links between the two besieged rebel districts where tens of thousands of [&'].....»»

Category: newsSource:  mindanaoexaminerRelated NewsMar 20th, 2017

DTI: Invest in Job-Generating Industries, Human Capital

DTI: Invest in Job-Generating Industries, Human Capital.....»»

Category: newsSource:  metrocebuRelated NewsDec 5th, 2016

Diokno vows no delay in massive infra projects

DAVAO CITY (MindaNews / 9 Nov) – Budget secretary Benjamin Diokno has vowed that the implementation of massive hard infrastructure projects and human capital development will not be delayed even if the proposed tax reform measure will not be passed.....»»

Category: newsSource:  mindanewsRelated NewsNov 9th, 2016

DOF unveils final draft of 4 tax reform packages

The Duterte administration will submit to Congress next month four tax reform packages that support programs for infrastructure and human capital, while bringing down the oppressive tax burden on wage earners, Finance Secretary Carlos G. Dominguez III sa.....»»

Category: newsSource:  mb.com.phRelated NewsAug 29th, 2016

Gov’t agencies must improve absorptive capacit amid Duterte’s plan to ramp up public spending

QUEZON CITY &'8212; The Duterte administration’s plan to ramp up spending in physical and human capital is on the right track to sustain high economic growth and make it inclusive, but government agencies should first improve their absorptive capac.....»»

Category: newsSource:  bicolmailRelated NewsAug 25th, 2016