Philippine government shuns hard lockdown
The government is adopting a “granular” approach instead of hard lockdowns to address a stubbornly high unemployment rate.
“No vaccination, no work” policy is illegal in the Philippines
The Department of Labor and Employment (DOLE) has said a “no vaccination, no work” policy enforced by any company or employer is illegal.
DOLE proposes wage subsidy for workers in the Philippines
Assistant Secretary Dominique Tutay of the Department of Labor and Employment (DOLE) is proposing a three-month wage subsidy for workers.
Philippine MSMEs cannot afford wage increase amid pandemic
Employers Confederation of the Philippines (ECOP) believes that raising daily wages by P100 (US$2.1) will likely result in more unemployment.
Philippine House speaker submits US$8.7billon COVID-19 relief bill
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.
Task force set up in the Philippines to create jobs
Key government agencies have signed a joint memorandum circular to set up the National Employment Recovery Strategy (NERS) Task Force.
Union calls for wage subsidies in the Philippines
The Trade Union Congress of the Philippines (TUCP) has called on the government to provide immediate subsidies for workers struggling financially.
Workers in the Philippines to be upskilled in AI
The Department of Science and Technology (DOST) has launched an AI programme to prepare workers for disruption from technological advancement.
IMF projects full recovery for Vietnam, Indonesia and Malaysia in 2021
Out of the six leading economies in Southeast Asia, three countries are expected to expand in 2021, while others will struggle to recover.
Good fundamentals crucial to recovery in the Philippines
The Department of Finance (DoF) said maintaining good fundamentals will be key to the recovery from the pandemic.
Foreign investments to create 3 million new jobs in the Philippines
Three million new jobs may be created with US$50 billion of new foreign direct investments (FDI) entering the country.
Philippines set to cut corporate taxes to attract investors
The government has also launched a dedicated campaign to highlight the country’s potential as an ideal business destination in Asia.
Philippines: Hiring falls by more than 50%, fierce competition for jobs
COVID-19 has caused hiring in the country to decline by more than 50%, with more applicants vying for the same job.
Philippines: Third-quarter GDP shrinks by 11.5%
The Philippine economy shrank for a third consecutive quarter, though at a slower rate compared to second quarter’s plunge of 16.5%.
Businesses in the Philippines receive payment deferment
The move comes as about 90,000 businesses in the country remain closed due to the COVID-19 lockdown imposed by the government.
Philippines employers not allowed to defer 13th month pay
Employees in the Philippines must be given their 13th month pay even if their companies are financially impacted by the COVID-19 pandemic.
Economic recovery to be sluggish in the Philippines
The country’s GDP is likely to return to pre-pandemic level only in 2022, the World Bank has predicted.
Businesses in the Philippines struggling to cope with COVID-19
More micro, small and medium businesses have been forced to temporarily close in the Philippines than any other country in ASEAN.
Philippines’ unemployment rate declines as economy reopens
The reopening of the economy in the Philippines has helped the country reduce its unemployment numbers.
Businesses in the Philippines to be granted more access to credit
The Philippines government has set aside 120 billion pesos for a credit guarantee programme that will help small businesses gain access to loans.
Philippines falls into recession for the first time in almost 3 decades
This represents the biggest slump in quarterly GDP data dating back to 1981, and plunges the Philippines into recession.
69,000 jobs openings launched in the Philippines
The Philippines is looking to revive its economy and job market with the launch of over 69,000 jobs across the country.
Digital transformation on the rise in the Philippines
Driven by wider digital transformation initiatives taken by local enterprises, the ICT market in the Philippines is set for continued growth in 2020.
8 million people could lose jobs in the Philippines
The Philippines is set to have the highest unemployment rate in Southeast Asia this year, according to the latest report.
WFH set to be mandatory in the Philippines
A proposed new bill will require employers to offer work-from-home arrangements for their employees, and comes as lockdown measures continue.
570,000 aviation jobs in the Philippines at risk
The International Air Transport Association (IATA) warns that the aviation industry’s recovery will be long and challenging.
Violation of workers’ rights at seven-year high
Four Asian countries make the International Trade Union Confederation’s list of top 10 worst countries for working people.
COVID-19 pushes businesses to change IT priorities
Businesses in South-east Asia, Australia and Newland are prioritising improving ICT and security resilience for business continuity plans.
Over 7.3 million jobs lost in the Philippines due to COVID-19
The shutdown of businesses to help curb the outbreak of the pandemic has led to the country’s highest-ever unemployment rate.
Philippines to create one million jobs as part of COVID-19 recovery plan
The COVID-19 recovery plan, which will cost US$493 million, looks to provide 1 million jobs in provinces and rural areas for workers.