Philippine economic growth would continue to underperform this year and next as the country faces not only headwinds from a prolonged war in the Middle East but also domestic challenges related to politics and corruption, according to the Institute of International Finance (IIF). The IIF’s latest...
The ongoing conflict in the Middle East is beginning to threaten jobs, remittances, and labor markets across the Asia-Pacific region, including the Philippines, according to the Geneva-based International Labor Organization (ILO). In its latest Employment and Social Trends: May 2026 Update titled...
Philippine economic growth in 2026 would have hit the government’s downgraded target range had the war in the Middle East been short-lived, according to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). However, the Bangkok-headquartered UNESCAP said a...
If the war in the Middle East prolongs and global oil prices continue to skyrocket, the Philippine peso could breach the ₱61:$1 level in the second quarter of 2026 and even hit as low as ₱62 to ₱64 against the United States (US) dollar. “Our base case forecasts for the US dollar-Philippine...
State-run pension fund Social Security System (SSS) has reassured its members in the Middle East that they can continue accessing benefits and services through its digital platforms, even amid escalating regional conflicts. SSS President and Chief Executive Officer (CEO) Robert Joseph M. de Claro...
Senator Joseph Victor "JV" Ejercito has urged the Department of Migrant Workers (DMW) to improve and build more temporary shelters for distressed workers abroad and to expand mental health interventions as the Senate continues its budget deliberations. He made this call as he pushed for stronger...
Sen. Raffy Tulfo recently conducted a random inspection at the National Labor Relations Commission (NLRC) Main Office in Quezon City, where he spoke with victims of unfair labor practices by some companies. Tulfo made the surprise visit on Monday, Oct. 13, as the new chairperson of the Senate...
A bill supported by United States (US) President Donald Trump, currently pending approval in the US Senate, would likely only minimally reduce remittances to the Philippines as more Filipinos who used to work overseas have returned home, according to Deutsche Bank Research. In a June 20 report,...
Navotas City lone district Rep. Toby Tiangco (Facebook) The Alyansa para sa Bagong Pilipinas senatorial ticket is urging overseas Filipino workers (OFWs) to go in droves to designated polling areas upon the start of overseas absentee...
(Left) PLDT Global President and CEO Albert Villa-Real and Staffhouse Chief Strategy Officer Rocky Dela Vega (PLDT photo) PLDT Global Corp., the international unit of PLDT Inc., is teaming up with a leading recruitment agency for Filipinos working abroad to expand access to...
Senate President Pro Tempore Jinggoy Ejercito Estrada is now pushing for a measure expanding the compulsory insurance coverage for agency-hired overseas Filipino workers (OFWs). Estrada filed Senate Bill No. 2948 which primarily seeks to amend the provisions of Republic Act (RA) No....
Senator Joel Villanueva hailed the Philippines' removal from the Paris-based Financial Action Task Force (FATF) so-called "grey list” that is poised to rake in financial and economic benefits for the country. On Friday, Feb. 21 (Paris time), the FATF, a global anti-money laundering watchdog,...
