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Stocks to test 7,000 resistance
The stock market looks to sustain its momentum and advance to the 7,000 level this week, with investors keeping an eye on more corporate earnings results and positive cues abroad to fend off selling pressures......»»
Tulfo’s bill seeks to impose stricter penalties for drunk drivers
MANILA, Philippines — A bill seeking to impose stricter penalties for drunk drivers, including a fine of up to P1,000,000, has been filed by Senator Raffy Tulfo. At present, the current law penalizes drunk drivers who caused homicide with a fine ranging from P300,000 to P500,000. But Tulfo, through his Senate Bill No, 2546, proposed.....»»
More Infra Needed as BPO Workers Rises to 1.7 Million Workers by End of 2023
The business process outsourcing in the Philippines employed a total of 1.7 million workers and generated revenues worth at least 35 billion USD at the end of 2023, according to a report. But for the local industry not to get left behind by other countries, stakeholders want continued investment in infrastructure, real estate, reliable internet, […].....»»
Biz Bureau surpasses 43-K permit renewals
The Davao City Business Bureau has achieved a significant milestone by processing over 43,000 business permit renewals as of January 29, 2024, surpassing last year's numbers. Maribel Paguican, the Head of the Business Bureau, revealed this accomplishment in a radio interview on January 30, 2024. She highlighted the bureau's performance, stating that they had already exceeded the previous year's figures by 270 renewals. Despite the positive outcome, Paguican acknowledged that they are still short of reaching the 46,000 permits issued the previous year. With approximately 2,890 renewals remaining, including 291 applicants considering retirement, the bureau anticipates around 2,599 renewal applicants. Paguican emphasized the upcoming retirement deadline on January 31, urging business owners to comply to avoid penalties ranging from P1,000 to P5,000. She also advised on the required documentation for retirement, emphasizing the importance of submitting the necessary paperwork to facilitate the process......»»
Traslacion in CDO: from 110,000 last year to only 18,000 devotees this year
CAGAYAN DE ORO (MindaNews / 11 January) – A parish priest here blamed tight police security for the sharp drop in attendance during the Traslacion or the procession of the Black Nazarene here last Tuesday, with only 18,000 attendees compared with last year’s 110,000. Monsignor Rey Monsanto, parish priest of Our Lady Fatima Parish in Barangay […].....»»
Government workers call for regularization, wage hike
Public employees have decried the extended employment of job order and contract service workers in government, saying that it prolonged the exploitation of contractual workers......»»
Saudi Arabia: Migrant Workers Long Overdue Wages at Risk
(Beirut) - Representatives of two construction companies in Saudi Arabia announced recently that migrant workers will get their long overdue unpaid wages, but gaps in the repayment scheme puts the payments at risk, Human Rights Watch said today.Saudi authorities should ensure all former workers of these companies receive the full amount they.....»»
Saudi Arabia: Migrant Workers Long Overdue Wages at Risk
(Beirut) - Representatives of two construction companies in Saudi Arabia announced recently that migrant workers will get their long overdue unpaid wages, but gaps in the repayment scheme puts the payments at risk, Human Rights Watch said today.Saudi authorities should ensure all former workers of these companies receive the full amount they.....»»
Agusan mayor offers P100k bounty for arrest of suspects who killed 2 farm workers
SAN FRANCISCO, Agusan del Sur (MindaNews / 8 March) – San Francisco Mayor Grace Carmel Paredes-Bravo has offered a P100,000 cash reward for residents who can provide information leading to the apprehension of the suspects behind the fatal shooting of two oil palm workers and the injury of another during an ambush on February 29 […].....»»
Remittances up by 2.6% in March — BSP
The Bangko Sentral ng Pilipinas attributed the increase in personal remittances to the inputs of land-based workers with work contracts of one year or more and sea- and land-based workers with work contracts of less than one year......»»
Inoue KOs Nery in 6th after 1st round scare to defend titles
Japan’s undisputed super-bantamweight world champion Naoya Inoue said an early scare got him “fired up” after he stopped Mexico’s Luis Nery in the sixth round to defend his titles at the Tokyo Dome on Monday. Around 43,000 fans packed into the famous venue for the first boxing match there since 42-1 underdog James “Buster” Douglas knocked out.....»»
Korean stars look to shine in home game at The CJ Cup Byron Nelson
Seoul may be some 11,000 kilometers away from Dallas, but this week’s The CJ Cup Byron Nelson at TPC Craig Ranch will feel very much like a home game for the likes of K.H. Lee, Sungjae Im and Si Woo Kim, who are fired up to deliver a first PGA Tour victory of the season for Korean golf......»»
Czech Republic ups quota for Filipino workers to 10,000
The number of overseas Filipino workers that can enter Czech Republic has gone up from 5,500 in January to almost 10,300 per year starting May 2024, President Marcos Jr. announced during a joint press conference with Czech President Petr Pavel......»»
Labor groups rally against Charter change, call for wage hike instead
MANILA, Philippines — Labor groups are joining the opposition against Charter change (Cha-cha), with one group urging lawmakers to prioritize passing a law for a P150 wage hike for private sector workers. The Federation of Free Workers (FFW) vice president Jun Mendoza Ramirez in a statement on Sunday emphasized the need to concentrate on the immediate.....»»
Garment factory workers in PH: Over 5,000 lose jobs
MANILA, Philippines — Weak demand overseas that depressed local orders caused around 5,100 garment factory workers to either be retrenched or forced to go on leave since the start of the year. At least nine factories have been affected, including Luenthai Philippines, the country’s biggest exporter of textile goods using cotton. This is according to.....»»
Workers buck wage hike in installments
Stressing the need for a one-time significant wage increase to effectively stimulate the local economy, labor group Federation of Free Workers has rejected the proposal by some legislators and the business sector for an installment-based legislated wage increase......»»
Remove the chaff from the grains
Other than the questioned selling of the buffer stock of rice to traders, what’s happening at the National Food Authority (NFA)? With 132 of around 2,000 NFA officials and employees all around the country suspended for six months without pay, this agency attached to the Department of Agriculture (DA) is struggling to stay relevant in the over-all schemes of the government on food security......»»
Philippines accuses China Coast Guard of damaging its ship
Manila [Philipines], April 30 (ANI): Philippines on Tuesday accused the China Coast Guard fired water cannons at two of its vessels, causing damage to one of them, during a patrol near the hotly contested Scarborough Shoal in the South China Sea. It accused China of "dangerous maneuvers and obstruction" and reinstalling a barrier at the disputed Scarborough Shoal, which Beijing blockaded and seized from Manila in 2012, re.....»»
Megaworld raises P500-M selling block of MREIT at P12.30/share
Megaworlddisclosed that it sold 40,650,000 shares of its REIT subsidiary, MREIT, through a block sale transaction at a price of P12.30/share......»»
4 shabu dealers die in clash with policemen in Tawi-Tawi
Policemen shot dead four uncooperative traffickers they were supposed to arrest after selling P476,000 worth of shabu to villagers in Barangay Luuk Pandan in Bongao, Tawi-Tawi on Monday......»»