Ending ‘endo’—a path to prosperity or poverty?

REMOVAL of ‘endo’, or contractualization, is not as simple as proponents want it to be because it has major implications on the employment situation and, hence, on poverty as well.

Without careful study, some workers who are normally working under the current labor contractual arrangements could end up on a path toward poverty.

This is why government action is needed on the policy front, and to balance against such undesirable outcomes, three essential policy counter-measures should be put in place—namely, cheaper food available to workers, especially rice; more private investments at home, including foreign direct investments; and acceleration of infrastructure…

Read more: Ending ‘endo’—a path to prosperity or poverty?

Employment rate drops in January

THE losses in agriculture caused by natural calamities led to declines in employment rate in January 2017, from 94.3 percent (in 2016) to 93.4 percent during the comparative period.

In a report, the National Economic and Development Authority also said the whole unemployment rate in the country increased to 6.6 percent in January 2017 from last year’s 5.7 percent. 

While higher than the previous year, it is lower than the average of 7.4 percent recorded from 2006-2015.

The January 2017 Labor Force Survey (LFS) of the Philippine Statistics Authority showed that the decline in…

Read more: Employment rate drops in January

The employment situation is still bad

DESPITE the country’s impressive economic growth, which averaged 5.4 percent a year during the past decade, the overall labor market scenario has been less positive—limiting progress on social development and inclusive growth.

Existing weaknesses in the labor market show that the number of workers living on less than $2 per day rose from 11.2 million to 13 million between 1991 and 2009. 

Aside from this, inequality remained high while poverty reduction remained impeded by poor labor quality often associated with low earnings and high vulnerability.

There are reports that vulnerable employment, measured as the share of own…

Read more: The employment situation is still bad

Women empowerment boosts Phl economy

By Tracy Cabrera

WOMEN are gaining more influence in the corporate boardrooms in the Philippines than in most other places in the world, making the country the third highest employer of senior female executives globally.

Based on a Grant Thornton International Business Report (IBR), four out of 10 senior roles in the Philippines are filled by women, an improvement from last year’s 37 percent and higher than the 24 percent global average.

This boosted the country’s ranking in the global league of countries with the highest proportion of women holding senior posts to third place this 2014 from fifth in…

Read more: Women empowerment boosts Phl economy

Moncupa it should be

ANTONIO Moncupa stands out among the candidates to replace retiring Bangko Sentral ng Pilipinas Governor Amando Tetangco in that he is well-grounded in banking—starting from a mere accountant and rising to the ladder of industry leadership-- and with his extensive background in dealing with both the left and right spectrums of society.

In other words, of all the candidates, he is well-grounded and has the heart for both the rich and the poor having been exposed in his student days to the plight of the masses during his militancy. In fact he had a taste of what it is to…

Read more: Moncupa it should be

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