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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

Peso touches 12-year low

The Philippine peso hit its lowest level in almost 12 years during intraday trading yesterday as traders braced themselves for the possibility of more capital outflows next month. The local currency declined to as low as P52.60 to the dollar during the morning session after the US Federal Reserve released details from their latest meeting pointing to the possibility of a rate hike in June. Higher interest rates in the world's largest economy make investing in securities more attractive, resulting in investors selling pesos to buy dollars. The peso opened the session weaker at 52.50 and slid to 52.60 --- the lowest since July 2006 --- before recovering slightly to 52.45 to a doll...Keep on reading: Peso touches 12-year low.....»»

Category: newsSource:  inquirerRelated NewsMay 24th, 2018

NMP remains with the Department of Labor and Employment (DOLE)

NMP should remain as part of the human capital development rather than as part merely of the shipping and transportation or whatever the DOTr has planned, says Labor Undersecretary Jacinto V. Paras......»»

Category: newsSource:  samarnewsRelated NewsMay 14th, 2018

NCRPO to deploy human rights cops at May 1 rallies

Aside from thousands of police units, the National Capital Region Police Office (NCRPO) is also set to deploy human rights officers in the series of Labor Day rallieson Tuesdayto respond to any incident of human rights violations. NCRPO chief Regional Dir. Camilo Pancratius P. Cascolan saidon Mondaythat human rights officers from the regional and district headquarters would be deployed together with representatives of the Commission of Human Rights (CHR). The team is in addition of the civil disturbance management (CDM) team stationed in different rally points in Metro Manila. "Together representatives from the Commission on Human Rights, Chief of Regional Human Rights Affairs O...Keep on reading: NCRPO to deploy human rights cops at May 1 rallies.....»»

Category: newsSource:  inquirerRelated NewsApr 30th, 2018

SEC flags 14 cryptocurrency investment companies

THE Securities and Exchange Commission (SEC) warned the investing public against 14 online investment scams, including entities riding on the growing popularity of Bitcoin and other cryptocurrencies to lure investors. The country’s corporate regulator advised against investing in the following entities: NewG, Smart Capital, Gener8X, Paid2Prosper, CMT (Coins and Mining Trading), PSO (PSOPOWER Apps), TradeConnect, […] The post SEC flags 14 cryptocurrency investment companies appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 18th, 2018

World Bank says Philippine human capital investments to counter overheating

The Philippines needs more investments in infrastructure and human capital, particularly upgrading the skill sets of workers for higher-paying jobs to be able to counter risks of an overheating economy, the World Bank Group said......»»

Category: financeSource:  philstarRelated NewsApr 18th, 2018

WB sees Ph sustaining 6.7% growth

The World Bank expects the Philippines to sustain stable economic growth this year and the next, noting the country should invest more in infrastructure and human capital to achieve further growth. In its East Asia and Pacific Economic Update released on Thursday, the Bank said the Philippine gross domestic product….....»»

Category: newsSource:  journalRelated NewsApr 17th, 2018

WB Sees PH Sustaining 6.7% GDP Growth

The World Bank (WB) expects the Philippines to sustain stable economic growth this year and the next, noting the country should invest more in infrastructure and human capital to achieve further growth. In its East Asia and Pacific Economic Update released on Thursday, the Bank said the Philippine gross domestic product (GDP) is projected to […].....»»

Category: newsSource:  metrocebuRelated NewsApr 14th, 2018

Duterte touts innovation investments at Boao

PRESIDENT Rodrigo R. Duterte expects the Philippines to join the world’s most innovative economies by the end of his term in 2022, citing initiatives to upgrade worker skills and raise the competitiveness of small businesses. “We are investing in innovation — in government processes, in technology and in human development. By 2022, the Philippines sees […] The post Duterte touts innovation investments at Boao appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 10th, 2018

ALPSIDE DOWNED: Human (rights) targets

BERN, Switzerland (MindaNews / 27 March) –  In a human rights forum that I helped organize here in the Swiss capital early this month, I became acutely aware of the imminent threats now being faced by human rights workers in the Philippines. Carlos Conde, Philippines researcher of the Human Rights Watch Asia division, was telling […] The post ALPSIDE DOWNED: Human (rights) targets appeared first on MindaNews......»»

Category: newsSource:  mindanewsRelated NewsMar 27th, 2018

Alpside Downed: Human (rights) targets

BERN, Switzerland (MindaNews / 27 March) –  In a human rights forum that I helped organize here in the Swiss capital early this month, I became acutely aware of the imminent threats now being faced by human rights workers in the Philippines. Carlos Conde, Philippines researcher of the Human Rights Watch Asia division, was telling […] The post Alpside Downed: Human (rights) targets appeared first on MindaNews......»»

Category: newsSource:  mindanewsRelated NewsMar 27th, 2018

2Go invests in Mober online delivery service

SM Investments Corp.’s integrated transport solutions provider 2GO Group, Inc. (2GO) is investing in the online delivery service Mober Technology PTE. In a statement issued Friday, Mober said it has received a capital infusion from 2GO, effectively linking it to SM Investments Corp. (SMIC). The holding firm of the country’s richest man Henry Sy, Sr. […] The post 2Go invests in Mober online delivery service appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 24th, 2018

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