The Department of Labour and Employment would provide emergency employment to informal workers who lost their jobs.
The inception of Republic Act 11337 will help entrepreneurs bring their innovative ideas to fruition by providing them with government support.
Senator Manny Pacquiao has filed a bill calling for a 335-billion-peso (US$6.9 billion) stimulus package in the Senate.
The Department of Labor and Employment (DOLE) has launched a Q&A educational video series – Sagot Ka Ng DOLE.
The senator’s call came after Quezon City’s local government confirmed that the rise in COVID-19 cases was also stemming from the workplace.
Workers who refuse to be vaccinated shall not be discriminated against in terms of tenure, promotion, training, pay, and other benefits.
“Joblessness is a result of ‘jablessness’ ... Mass inoculation is the cure to mass unemployment,” senate president pro tempore Ralph Recto has said.
The government is adopting a “granular” approach instead of hard lockdowns to address a stubbornly high unemployment rate.
The Department of Labor and Employment (DOLE) has said a “no vaccination, no work” policy enforced by any company or employer is illegal.
Assistant Secretary Dominique Tutay of the Department of Labor and Employment (DOLE) is proposing a three-month wage subsidy for workers.
Employers Confederation of the Philippines (ECOP) believes that raising daily wages by P100 (US$2.1) will likely result in more unemployment.
Lord Allan Velasco has submitted a pandemic-relief bill of 420 billion peso (US$8.7 billion) to Congress to spur the economy into recovery.
Key government agencies have signed a joint memorandum circular to set up the National Employment Recovery Strategy (NERS) Task Force.
The Trade Union Congress of the Philippines (TUCP) has called on the government to provide immediate subsidies for workers struggling financially.
The Department of Science and Technology (DOST) has launched an AI programme to prepare workers for disruption from technological advancement.
Out of the six leading economies in Southeast Asia, three countries are expected to expand in 2021, while others will struggle to recover.
The Department of Finance (DoF) said maintaining good fundamentals will be key to the recovery from the pandemic.
Three million new jobs may be created with US$50 billion of new foreign direct investments (FDI) entering the country.
The government has also launched a dedicated campaign to highlight the country’s potential as an ideal business destination in Asia.
COVID-19 has caused hiring in the country to decline by more than 50%, with more applicants vying for the same job.
The Philippine economy shrank for a third consecutive quarter, though at a slower rate compared to second quarter’s plunge of 16.5%.
The move comes as about 90,000 businesses in the country remain closed due to the COVID-19 lockdown imposed by the government.
Employees in the Philippines must be given their 13th month pay even if their companies are financially impacted by the COVID-19 pandemic.
The country’s GDP is likely to return to pre-pandemic level only in 2022, the World Bank has predicted.
More micro, small and medium businesses have been forced to temporarily close in the Philippines than any other country in ASEAN.
The reopening of the economy in the Philippines has helped the country reduce its unemployment numbers.
The Philippines government has set aside 120 billion pesos for a credit guarantee programme that will help small businesses gain access to loans.
This represents the biggest slump in quarterly GDP data dating back to 1981, and plunges the Philippines into recession.
The Philippines is looking to revive its economy and job market with the launch of over 69,000 jobs across the country.
Driven by wider digital transformation initiatives taken by local enterprises, the ICT market in the Philippines is set for continued growth in 2020.