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PRESIDENT Ferdinand Marcos Jr. will bring home $4 billion, or P220 billion worth of investment deals from his visit to Germany.On Tuesday, March 12, 2024, the Department of Trade and Industry held the Philippine-Germany business forum in Berlin where eight different types of agreements, three letters of intent (LOI) from different German companies, two memoranda of agreement (MOA), and three memoranda of understanding (MOU), covering various sectors, were signed.The LOIs were for the development of a partner hospital to become a training center to support the training needs of other lower tier hospitals, Innovation Think Tank (ITT) hub and “spoke model” to address the strategic target of an inclusive innovation ecosystem in the Philippines, and for the strategic and digital partnership in healthcare with the Department of Health (DOH) with the goal of revolutionizing healthcare in the Philippines, ensuring safety, quality, accessibility and affordability.Through a memorandum of agreement the Philippine government and a German company will embark into a Public Private Partnership to rehabilitate, reclaim, and recultivate degraded farm lands in the Philippines, while another MOA is aimed at expanding potential collaborations in mobility solutions, software services, manufacturing, factory automation, logistics services, energy, security, safety systems for buildings, consumer appliances, and healthcare.Marcos also witnessed the signing of MOU for the establishment of fully integrated solar cell manufacturing facility in the country, manufacturing facility that will modify automobiles into high-end 1 of 1 version and armor protected cars, as well as manufacture military grade armored personnel carriers for the Asian market and data centers that will host a digital insurance platform that will serve the Philippines and Asean region as the group’s main expansion outside of the European Union.In his speech, Marcos expressed gratitude to the German business leaders for participating in the event.He touted the Philippines as the “best choice for investments,” as he reiterated his administration’s commitment to ensure efficient support to foreign investors through purposeful reforms of key legislative amendments.“Together with you as our strategic partner, we can make these investments happen in the Philippines. I invite esteemed German business leaders to continue to keep in mind the Philippines as a reliable partner that can support your market expansion and your operations,” he said.“We prioritize the ease of doing business, exemplified by efforts to simplify tax payments and to streamline regulations, showcasing our unwavering support for businesses,” he added.Marcos noted the amendments to the Public Service Act (PSA), Foreign Investments Act (FIA), Retail Trade Liberalization Act (RTLA), and Renewable Energy (RE) Act, which “mark a new era for strategic investments.”He added the streamlined business registration, infrastructure development and the Comprehensive Tax Reform Program (Create Act), which made the Philippines one of the fastest-growing economies in Asia.The President also highlighted other government efforts such as the overhaul of fiscal incentive structures and responsive policies and the public-private partnership (PPPs), which all play pivotal roles in promoting private sector participation.Marcos also cited the establishment of the Maharlika Investment Fund, “which underscores the government’s dedication to financing priority projects and driving socioeconomic impact.”The chief executive also said that the Philippines is turning to Germany to further foster strong business partnerships and collaboration particularly in renewable energy being European Union’s biggest economy both in Gross Domestic Products and population and a global force in technology and innovation.He said he is always elated by the interest of German companies to support the country’s commitment to sustainability and climate resiliency.“To further support these investments, we have put in place several energy transition policies including investment enablers designed to incentivize energy efficiency,” said Marcos.“We are also working on developing programs that will support and facilitate the efforts to decarbonize our economy. I have high hopes that we can welcome the opportunity for greater cooperation on climate change and energy transition,” he added.He noted that the Philippines is positioning itself as a regional hub for smart and sustainable manufacturing by attracting sustainability-driven strategic investments powered by renewable energy.Marcos said the country recognizes that there are complementarities to be explored in critical minerals, and it is open to having a dedicated dialogue with German companies on the sustainable processing of green metals to be supported by strong adherence to high labor and environmental standards.With the recent global challenges, the President underscored the dangers of limited sourcing, or concentrating supplies in a single country, as he urged for the urgent need to diversify production locations and explore alternative materials to de-risk and minimize disruptions in supply chains.“Moreover, the transition to a low-carbon or net-zero scenario has further propelled the de-risking trend,” Marcos said.“The Philippines and Germany both have aspirations for de-risked and diversified production and market value chains, which future-proofs our economies from the geo-political vagaries of our times,” he added.Marcos also expressed gratitude to the Filipino community in Berlin for their unwavering support as they contributed to the government’s efforts to secure foreign investments through their invaluable work.“You are the envoys, para kayong mga ambassador lahat ng ating kultura. You exemplify the values of family, faith, honesty, hard work, compassion, and solidarity wherever you go,” Marcos told the Filipino community gathering.“Your presence in host countries fosters, hindi lamang dito sa Germany kundi lahat ng ating mga kababayan na nagtatrabaho sa iba’t-ibang bansa at -- the host countries foster goodwill and understanding. It strengthens the bonds between our two nations. It enriches the global community,” he added.Marcos vowed that his administration will continue to work hard and match their contributions by reforms and programs under the “Bagong Pilipinas” agenda.Marcos was the first Philippine president to address German business leaders in 10 years, coinciding with the 70th anniversary of the Philippine-Germany diplomatic relations. (TPM/SunStar Philippines) Philippines sports and recreation Philippines THE Philippines’ unemployment rate recorded a slight decrease to 3.5 percent in February 2024 from 4.8 percent in the same month last year, according to the latest report of the Philippine Statistics Authority on Thursday, April 11.This translates to 1.80 million unemployed individuals for the month. In January this year, unemployment stood at 4.5 percent.The employment rate, on the other hand, increased to 96.5 percent from 95.2 percent in the same month in 2023. This translates to 48.95 million employed Filipinos. January’s employment rate was at 95.5 percent.The country’s Labor Force Participation Rate (LFPR) or those who were either employed or unemployed in February this year was posted at 64.8 percent which translates to 50.75 million Filipinos. This was lower than the recorded LFPR in February 2023 at 66.6 percent (51.27 million), but higher than the January 2024 LFPR at 61.1 percent (48.09 million).On average, employed persons worked 40.1 hours per week, which was higher than the average hours worked in a week in February 2023 at 39.5 hours but lower than the reported average hours worked in a week in January 2024 at 42.1 hours. Moreover, the underemployment rate in February 2024 was posted at 12.4 percent, lower than the recorded rate in February 2023 at 12.9 percent and in January 2024 at 13.9 percent. Underemployment refers to a situation where individuals are employed, but their employment falls short of full utilization of their skills, qualifications, or availability to work.In terms of magnitude, 6.08 million of the 48.95 million employed individuals expressed the desire to have additional hours of work in their present job, to have an additional job, or to have a new job with longer hours of work in February 2024.Winners, losers The top five sub-sectors that gained employment were construction (470 thousand); transportation and storage (444 thousand); administrative and support service activities (344 thousand); manufacturing (313 thousand); and accommodation and food service activities (210 thousand).On the other hand, sectors that posted the highest annual decreases in the number of employed persons were agriculture and forestry (-834 thousand); fishing and aquaculture (-490 thousand); public administration and defense; compulsory social security (-418 thousand); information and communication (-107 thousand); and wholesale and retail trade; repair of motor vehicles and motorcycles (-102 thousand). Government interventionAccording to National Economic and Development Authority Secretary Arsenio Balisacan, the government remains resolute in creating an enabling policy and regulatory environment to attract employment-generating investments.“We will also continue to implement measures to address bottlenecks and expedite processes to realize investment pledges, particularly in priority sectors holding much promise, such as renewable energy and critical minerals.”  Balisacan added that the government will revisit the existing policy governing alternative work modes, such as the Telecommuting Act, and adapt it to the evolving work landscape to address the growing preference for remote work.  “The government will explore enhancing the potential of part-time work to help promote lifelong learning. A framework for part-time work and similar set-ups can allow workers to retool or upskill without leaving the workforce,” he said. Moreover, to facilitate the development of soft and hard skills among workers and create a more agile and adaptive workforce, the government continues to advocate for the passage of the Apprenticeship Bill, Lifelong Learning Bill and Enterprise Productivity Act. / (TPM, KOC / SunStar Philippines)

THE Philippines’ unemployment rate recorded a slight decrease to 3.5 percent in February 2024 from 4.8 percent in the same month last year, according to the latest report of the Philippine Statistics Authority on Thursday, April 11.This translates to 1.80 million unemployed individuals for the month. In January this year, unemployment stood at 4.5 percent.The employment rate, on the other hand, increased to 96.5 percent from 95.2 percent in the same month in 2023. This translates to 48.95 million employed Filipinos. January’s employment rate was at 95.5 percent.The country’s Labor Force Participation Rate (LFPR) or those who were either employed or unemployed in February this year was posted at 64.8 percent which translates to 50.75 million Filipinos. This was lower than the recorded LFPR in February 2023 at 66.6 percent (51.27 million), but higher than the January 2024 LFPR at 61.1 percent (48.09 million).On average, employed persons worked 40.1 hours per week, which was higher than the average hours worked in a week in February 2023 at 39.5 hours but lower than the reported average hours worked in a week in January 2024 at 42.1 hours. Moreover, the underemployment rate in February 2024 was posted at 12.4 percent, lower than the recorded rate in February 2023 at 12.9 percent and in January 2024 at 13.9 percent. Underemployment refers to a situation where individuals are employed, but their employment falls short of full utilization of their skills, qualifications, or availability to work.In terms of magnitude, 6.08 million of the 48.95 million employed individuals expressed the desire to have additional hours of work in their present job, to have an additional job, or to have a new job with longer hours of work in February 2024.Winners, losers The top five sub-sectors that gained employment were construction (470 thousand); transportation and storage (444 thousand); administrative and support service activities (344 thousand); manufacturing (313 thousand); and accommodation and food service activities (210 thousand).On the other hand, sectors that posted the highest annual decreases in the number of employed persons were agriculture and forestry (-834 thousand); fishing and aquaculture (-490 thousand); public administration and defense; compulsory social security (-418 thousand); information and communication (-107 thousand); and wholesale and retail trade; repair of motor vehicles and motorcycles (-102 thousand). Government interventionAccording to National Economic and Development Authority Secretary Arsenio Balisacan, the government remains resolute in creating an enabling policy and regulatory environment to attract employment-generating investments.“We will also continue to implement measures to address bottlenecks and expedite processes to realize investment pledges, particularly in priority sectors holding much promise, such as renewable energy and critical minerals.”  Balisacan added that the government will revisit the existing policy governing alternative work modes, such as the Telecommuting Act, and adapt it to the evolving work landscape to address the growing preference for remote work.  “The government will explore enhancing the potential of part-time work to help promote lifelong learning. A framework for part-time work and similar set-ups can allow workers to retool or upskill without leaving the workforce,” he said. Moreover, to facilitate the development of soft and hard skills among workers and create a more agile and adaptive workforce, the government continues to advocate for the passage of the Apprenticeship Bill, Lifelong Learning Bill and Enterprise Productivity Act. / (TPM, KOC / SunStar Philippines) Will Peraplay show the Champions League? A MANILA lawmaker has urged the Department of Energy (DOE) and Department of Transportation (DOTr) enter into agreements with select and strategically located gasoline stations to sell discounted fuel to drivers in the public transport sector. Rep. Joel R. Chua (Manila, 3rd district), in a statement Wednesday, April 17, 2024, suggested that the style of National Government's Kadiwa, which sells discounted basic goods, could be applied to fuel subsidies for motorcycle riders, motorcycle taxis, tricycles, and public utility jeepneys (PUJs).Chua said the use of Pantawid Pasada debit may still continue or not if the DOE and DOTr succeed in finding partner gasoline stations.According to Chua, the DOE and DOTR will be responsible for choosing which fuel companies and stations shall sell the discounted fuel at the designated pumps. In consultation with the Department of Finance and Department of Budget and Management, they would also determine the amount of the discount and the budget.The lawmaker's proposal would expand the current coverage of targeted fuel subsidies for land transport, which are currently limited only to legitimate PUJs and tricycles who have Pantawid Pasada cards. "I am suggesting the expansion because the current coverage is too limited and does not include other Filipinos who are in the poor and low-income segments of our population," Chua said.The selling of the discounted fuel could also be done on a schedule, perhaps once a week or on Sundays, to avoid the high costs of daily sales, according to Chua. The lawmaker said if his proposal is adopted by the DOE and DOTr, the expanded fuel subsidies could be pilot tested in Manila and a few other cities and towns before being rolled out to other areas.Last Tuesday, April 16, oil companies implemented a minimal price hike.Pilipinas Shell, Cleanfuel and Seaoil implemented a P.95 per liter price increase for diesel, P.40 per liter for gasoline and P.85 per liter on kerosene.On Tuesday, April 9, these three oil companies implemented a P1.10 per liter price increase for gasoline, P1.55 per liter on diesel and P1.40 per liter on kerosene.Last week, DOE-Oil Industry Management Bureau Director Rino Abad said the continuous increase of oil prices may be expected in the coming months considering the higher demand from China, India and the United States, which were the top three oil consumers.Abad said the Organization of Petroleum Exporting Countries has also implemented a production cut of 2.2 million barrels per day, affecting the global oil supply. These oil price hikes in the past two weeks have prompted Alliance of Transport Operators and Drivers Association of the Philippines to file a petition before the Land Transportation Franchising and Regulatory Board asking for a P2 increase in the minimum fare of traditional jeepneys, raising it from P13 to P15. (KAL)

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A MANILA lawmaker has urged the Department of Energy (DOE) and Department of Transportation (DOTr) enter into agreements with select and strategically located gasoline stations to sell discounted fuel to drivers in the public transport sector. Rep. Joel R. Chua (Manila, 3rd district), in a statement Wednesday, April 17, 2024, suggested that the style of National Government's Kadiwa, which sells discounted basic goods, could be applied to fuel subsidies for motorcycle riders, motorcycle taxis, tricycles, and public utility jeepneys (PUJs).Chua said the use of Pantawid Pasada debit may still continue or not if the DOE and DOTr succeed in finding partner gasoline stations.According to Chua, the DOE and DOTR will be responsible for choosing which fuel companies and stations shall sell the discounted fuel at the designated pumps. In consultation with the Department of Finance and Department of Budget and Management, they would also determine the amount of the discount and the budget.The lawmaker's proposal would expand the current coverage of targeted fuel subsidies for land transport, which are currently limited only to legitimate PUJs and tricycles who have Pantawid Pasada cards. "I am suggesting the expansion because the current coverage is too limited and does not include other Filipinos who are in the poor and low-income segments of our population," Chua said.The selling of the discounted fuel could also be done on a schedule, perhaps once a week or on Sundays, to avoid the high costs of daily sales, according to Chua. The lawmaker said if his proposal is adopted by the DOE and DOTr, the expanded fuel subsidies could be pilot tested in Manila and a few other cities and towns before being rolled out to other areas.Last Tuesday, April 16, oil companies implemented a minimal price hike.Pilipinas Shell, Cleanfuel and Seaoil implemented a P.95 per liter price increase for diesel, P.40 per liter for gasoline and P.85 per liter on kerosene.On Tuesday, April 9, these three oil companies implemented a P1.10 per liter price increase for gasoline, P1.55 per liter on diesel and P1.40 per liter on kerosene.Last week, DOE-Oil Industry Management Bureau Director Rino Abad said the continuous increase of oil prices may be expected in the coming months considering the higher demand from China, India and the United States, which were the top three oil consumers.Abad said the Organization of Petroleum Exporting Countries has also implemented a production cut of 2.2 million barrels per day, affecting the global oil supply. These oil price hikes in the past two weeks have prompted Alliance of Transport Operators and Drivers Association of the Philippines to file a petition before the Land Transportation Franchising and Regulatory Board asking for a P2 increase in the minimum fare of traditional jeepneys, raising it from P13 to P15. (KAL) Will Peraplay show the Champions League? PRESIDENT Ferdinand Marcos Jr. will bring home $4 billion, or P220 billion worth of investment deals from his visit to Germany.On Tuesday, March 12, 2024, the Department of Trade and Industry held the Philippine-Germany business forum in Berlin where eight different types of agreements, three letters of intent (LOI) from different German companies, two memoranda of agreement (MOA), and three memoranda of understanding (MOU), covering various sectors, were signed.The LOIs were for the development of a partner hospital to become a training center to support the training needs of other lower tier hospitals, Innovation Think Tank (ITT) hub and “spoke model” to address the strategic target of an inclusive innovation ecosystem in the Philippines, and for the strategic and digital partnership in healthcare with the Department of Health (DOH) with the goal of revolutionizing healthcare in the Philippines, ensuring safety, quality, accessibility and affordability.Through a memorandum of agreement the Philippine government and a German company will embark into a Public Private Partnership to rehabilitate, reclaim, and recultivate degraded farm lands in the Philippines, while another MOA is aimed at expanding potential collaborations in mobility solutions, software services, manufacturing, factory automation, logistics services, energy, security, safety systems for buildings, consumer appliances, and healthcare.Marcos also witnessed the signing of MOU for the establishment of fully integrated solar cell manufacturing facility in the country, manufacturing facility that will modify automobiles into high-end 1 of 1 version and armor protected cars, as well as manufacture military grade armored personnel carriers for the Asian market and data centers that will host a digital insurance platform that will serve the Philippines and Asean region as the group’s main expansion outside of the European Union.In his speech, Marcos expressed gratitude to the German business leaders for participating in the event.He touted the Philippines as the “best choice for investments,” as he reiterated his administration’s commitment to ensure efficient support to foreign investors through purposeful reforms of key legislative amendments.“Together with you as our strategic partner, we can make these investments happen in the Philippines. I invite esteemed German business leaders to continue to keep in mind the Philippines as a reliable partner that can support your market expansion and your operations,” he said.“We prioritize the ease of doing business, exemplified by efforts to simplify tax payments and to streamline regulations, showcasing our unwavering support for businesses,” he added.Marcos noted the amendments to the Public Service Act (PSA), Foreign Investments Act (FIA), Retail Trade Liberalization Act (RTLA), and Renewable Energy (RE) Act, which “mark a new era for strategic investments.”He added the streamlined business registration, infrastructure development and the Comprehensive Tax Reform Program (Create Act), which made the Philippines one of the fastest-growing economies in Asia.The President also highlighted other government efforts such as the overhaul of fiscal incentive structures and responsive policies and the public-private partnership (PPPs), which all play pivotal roles in promoting private sector participation.Marcos also cited the establishment of the Maharlika Investment Fund, “which underscores the government’s dedication to financing priority projects and driving socioeconomic impact.”The chief executive also said that the Philippines is turning to Germany to further foster strong business partnerships and collaboration particularly in renewable energy being European Union’s biggest economy both in Gross Domestic Products and population and a global force in technology and innovation.He said he is always elated by the interest of German companies to support the country’s commitment to sustainability and climate resiliency.“To further support these investments, we have put in place several energy transition policies including investment enablers designed to incentivize energy efficiency,” said Marcos.“We are also working on developing programs that will support and facilitate the efforts to decarbonize our economy. I have high hopes that we can welcome the opportunity for greater cooperation on climate change and energy transition,” he added.He noted that the Philippines is positioning itself as a regional hub for smart and sustainable manufacturing by attracting sustainability-driven strategic investments powered by renewable energy.Marcos said the country recognizes that there are complementarities to be explored in critical minerals, and it is open to having a dedicated dialogue with German companies on the sustainable processing of green metals to be supported by strong adherence to high labor and environmental standards.With the recent global challenges, the President underscored the dangers of limited sourcing, or concentrating supplies in a single country, as he urged for the urgent need to diversify production locations and explore alternative materials to de-risk and minimize disruptions in supply chains.“Moreover, the transition to a low-carbon or net-zero scenario has further propelled the de-risking trend,” Marcos said.“The Philippines and Germany both have aspirations for de-risked and diversified production and market value chains, which future-proofs our economies from the geo-political vagaries of our times,” he added.Marcos also expressed gratitude to the Filipino community in Berlin for their unwavering support as they contributed to the government’s efforts to secure foreign investments through their invaluable work.“You are the envoys, para kayong mga ambassador lahat ng ating kultura. You exemplify the values of family, faith, honesty, hard work, compassion, and solidarity wherever you go,” Marcos told the Filipino community gathering.“Your presence in host countries fosters, hindi lamang dito sa Germany kundi lahat ng ating mga kababayan na nagtatrabaho sa iba’t-ibang bansa at -- the host countries foster goodwill and understanding. It strengthens the bonds between our two nations. It enriches the global community,” he added.Marcos vowed that his administration will continue to work hard and match their contributions by reforms and programs under the “Bagong Pilipinas” agenda.Marcos was the first Philippine president to address German business leaders in 10 years, coinciding with the 70th anniversary of the Philippine-Germany diplomatic relations. (TPM/SunStar Philippines)

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PRESIDENT Ferdinand Marcos Jr. will bring home $4 billion, or P220 billion worth of investment deals from his visit to Germany.On Tuesday, March 12, 2024, the Department of Trade and Industry held the Philippine-Germany business forum in Berlin where eight different types of agreements, three letters of intent (LOI) from different German companies, two memoranda of agreement (MOA), and three memoranda of understanding (MOU), covering various sectors, were signed.The LOIs were for the development of a partner hospital to become a training center to support the training needs of other lower tier hospitals, Innovation Think Tank (ITT) hub and “spoke model” to address the strategic target of an inclusive innovation ecosystem in the Philippines, and for the strategic and digital partnership in healthcare with the Department of Health (DOH) with the goal of revolutionizing healthcare in the Philippines, ensuring safety, quality, accessibility and affordability.Through a memorandum of agreement the Philippine government and a German company will embark into a Public Private Partnership to rehabilitate, reclaim, and recultivate degraded farm lands in the Philippines, while another MOA is aimed at expanding potential collaborations in mobility solutions, software services, manufacturing, factory automation, logistics services, energy, security, safety systems for buildings, consumer appliances, and healthcare.Marcos also witnessed the signing of MOU for the establishment of fully integrated solar cell manufacturing facility in the country, manufacturing facility that will modify automobiles into high-end 1 of 1 version and armor protected cars, as well as manufacture military grade armored personnel carriers for the Asian market and data centers that will host a digital insurance platform that will serve the Philippines and Asean region as the group’s main expansion outside of the European Union.In his speech, Marcos expressed gratitude to the German business leaders for participating in the event.He touted the Philippines as the “best choice for investments,” as he reiterated his administration’s commitment to ensure efficient support to foreign investors through purposeful reforms of key legislative amendments.“Together with you as our strategic partner, we can make these investments happen in the Philippines. I invite esteemed German business leaders to continue to keep in mind the Philippines as a reliable partner that can support your market expansion and your operations,” he said.“We prioritize the ease of doing business, exemplified by efforts to simplify tax payments and to streamline regulations, showcasing our unwavering support for businesses,” he added.Marcos noted the amendments to the Public Service Act (PSA), Foreign Investments Act (FIA), Retail Trade Liberalization Act (RTLA), and Renewable Energy (RE) Act, which “mark a new era for strategic investments.”He added the streamlined business registration, infrastructure development and the Comprehensive Tax Reform Program (Create Act), which made the Philippines one of the fastest-growing economies in Asia.The President also highlighted other government efforts such as the overhaul of fiscal incentive structures and responsive policies and the public-private partnership (PPPs), which all play pivotal roles in promoting private sector participation.Marcos also cited the establishment of the Maharlika Investment Fund, “which underscores the government’s dedication to financing priority projects and driving socioeconomic impact.”The chief executive also said that the Philippines is turning to Germany to further foster strong business partnerships and collaboration particularly in renewable energy being European Union’s biggest economy both in Gross Domestic Products and population and a global force in technology and innovation.He said he is always elated by the interest of German companies to support the country’s commitment to sustainability and climate resiliency.“To further support these investments, we have put in place several energy transition policies including investment enablers designed to incentivize energy efficiency,” said Marcos.“We are also working on developing programs that will support and facilitate the efforts to decarbonize our economy. I have high hopes that we can welcome the opportunity for greater cooperation on climate change and energy transition,” he added.He noted that the Philippines is positioning itself as a regional hub for smart and sustainable manufacturing by attracting sustainability-driven strategic investments powered by renewable energy.Marcos said the country recognizes that there are complementarities to be explored in critical minerals, and it is open to having a dedicated dialogue with German companies on the sustainable processing of green metals to be supported by strong adherence to high labor and environmental standards.With the recent global challenges, the President underscored the dangers of limited sourcing, or concentrating supplies in a single country, as he urged for the urgent need to diversify production locations and explore alternative materials to de-risk and minimize disruptions in supply chains.“Moreover, the transition to a low-carbon or net-zero scenario has further propelled the de-risking trend,” Marcos said.“The Philippines and Germany both have aspirations for de-risked and diversified production and market value chains, which future-proofs our economies from the geo-political vagaries of our times,” he added.Marcos also expressed gratitude to the Filipino community in Berlin for their unwavering support as they contributed to the government’s efforts to secure foreign investments through their invaluable work.“You are the envoys, para kayong mga ambassador lahat ng ating kultura. You exemplify the values of family, faith, honesty, hard work, compassion, and solidarity wherever you go,” Marcos told the Filipino community gathering.“Your presence in host countries fosters, hindi lamang dito sa Germany kundi lahat ng ating mga kababayan na nagtatrabaho sa iba’t-ibang bansa at -- the host countries foster goodwill and understanding. It strengthens the bonds between our two nations. It enriches the global community,” he added.Marcos vowed that his administration will continue to work hard and match their contributions by reforms and programs under the “Bagong Pilipinas” agenda.Marcos was the first Philippine president to address German business leaders in 10 years, coinciding with the 70th anniversary of the Philippine-Germany diplomatic relations. (TPM/SunStar Philippines), check the following table to see what categories most online casinos in the Philippines fit in.

THE Philippines’ unemployment rate recorded a slight decrease to 3.5 percent in February 2024 from 4.8 percent in the same month last year, according to the latest report of the Philippine Statistics Authority on Thursday, April 11.This translates to 1.80 million unemployed individuals for the month. In January this year, unemployment stood at 4.5 percent.The employment rate, on the other hand, increased to 96.5 percent from 95.2 percent in the same month in 2023. This translates to 48.95 million employed Filipinos. January’s employment rate was at 95.5 percent.The country’s Labor Force Participation Rate (LFPR) or those who were either employed or unemployed in February this year was posted at 64.8 percent which translates to 50.75 million Filipinos. This was lower than the recorded LFPR in February 2023 at 66.6 percent (51.27 million), but higher than the January 2024 LFPR at 61.1 percent (48.09 million).On average, employed persons worked 40.1 hours per week, which was higher than the average hours worked in a week in February 2023 at 39.5 hours but lower than the reported average hours worked in a week in January 2024 at 42.1 hours. Moreover, the underemployment rate in February 2024 was posted at 12.4 percent, lower than the recorded rate in February 2023 at 12.9 percent and in January 2024 at 13.9 percent. Underemployment refers to a situation where individuals are employed, but their employment falls short of full utilization of their skills, qualifications, or availability to work.In terms of magnitude, 6.08 million of the 48.95 million employed individuals expressed the desire to have additional hours of work in their present job, to have an additional job, or to have a new job with longer hours of work in February 2024.Winners, losers The top five sub-sectors that gained employment were construction (470 thousand); transportation and storage (444 thousand); administrative and support service activities (344 thousand); manufacturing (313 thousand); and accommodation and food service activities (210 thousand).On the other hand, sectors that posted the highest annual decreases in the number of employed persons were agriculture and forestry (-834 thousand); fishing and aquaculture (-490 thousand); public administration and defense; compulsory social security (-418 thousand); information and communication (-107 thousand); and wholesale and retail trade; repair of motor vehicles and motorcycles (-102 thousand). Government interventionAccording to National Economic and Development Authority Secretary Arsenio Balisacan, the government remains resolute in creating an enabling policy and regulatory environment to attract employment-generating investments.“We will also continue to implement measures to address bottlenecks and expedite processes to realize investment pledges, particularly in priority sectors holding much promise, such as renewable energy and critical minerals.”  Balisacan added that the government will revisit the existing policy governing alternative work modes, such as the Telecommuting Act, and adapt it to the evolving work landscape to address the growing preference for remote work.  “The government will explore enhancing the potential of part-time work to help promote lifelong learning. A framework for part-time work and similar set-ups can allow workers to retool or upskill without leaving the workforce,” he said. Moreover, to facilitate the development of soft and hard skills among workers and create a more agile and adaptive workforce, the government continues to advocate for the passage of the Apprenticeship Bill, Lifelong Learning Bill and Enterprise Productivity Act. / (TPM, KOC / SunStar Philippines) Philippines sports and recreation . here is how to register at an online casino site in the Philippines:

PRESIDENT Ferdinand Marcos Jr. will bring home $4 billion, or P220 billion worth of investment deals from his visit to Germany.On Tuesday, March 12, 2024, the Department of Trade and Industry held the Philippine-Germany business forum in Berlin where eight different types of agreements, three letters of intent (LOI) from different German companies, two memoranda of agreement (MOA), and three memoranda of understanding (MOU), covering various sectors, were signed.The LOIs were for the development of a partner hospital to become a training center to support the training needs of other lower tier hospitals, Innovation Think Tank (ITT) hub and “spoke model” to address the strategic target of an inclusive innovation ecosystem in the Philippines, and for the strategic and digital partnership in healthcare with the Department of Health (DOH) with the goal of revolutionizing healthcare in the Philippines, ensuring safety, quality, accessibility and affordability.Through a memorandum of agreement the Philippine government and a German company will embark into a Public Private Partnership to rehabilitate, reclaim, and recultivate degraded farm lands in the Philippines, while another MOA is aimed at expanding potential collaborations in mobility solutions, software services, manufacturing, factory automation, logistics services, energy, security, safety systems for buildings, consumer appliances, and healthcare.Marcos also witnessed the signing of MOU for the establishment of fully integrated solar cell manufacturing facility in the country, manufacturing facility that will modify automobiles into high-end 1 of 1 version and armor protected cars, as well as manufacture military grade armored personnel carriers for the Asian market and data centers that will host a digital insurance platform that will serve the Philippines and Asean region as the group’s main expansion outside of the European Union.In his speech, Marcos expressed gratitude to the German business leaders for participating in the event.He touted the Philippines as the “best choice for investments,” as he reiterated his administration’s commitment to ensure efficient support to foreign investors through purposeful reforms of key legislative amendments.“Together with you as our strategic partner, we can make these investments happen in the Philippines. I invite esteemed German business leaders to continue to keep in mind the Philippines as a reliable partner that can support your market expansion and your operations,” he said.“We prioritize the ease of doing business, exemplified by efforts to simplify tax payments and to streamline regulations, showcasing our unwavering support for businesses,” he added.Marcos noted the amendments to the Public Service Act (PSA), Foreign Investments Act (FIA), Retail Trade Liberalization Act (RTLA), and Renewable Energy (RE) Act, which “mark a new era for strategic investments.”He added the streamlined business registration, infrastructure development and the Comprehensive Tax Reform Program (Create Act), which made the Philippines one of the fastest-growing economies in Asia.The President also highlighted other government efforts such as the overhaul of fiscal incentive structures and responsive policies and the public-private partnership (PPPs), which all play pivotal roles in promoting private sector participation.Marcos also cited the establishment of the Maharlika Investment Fund, “which underscores the government’s dedication to financing priority projects and driving socioeconomic impact.”The chief executive also said that the Philippines is turning to Germany to further foster strong business partnerships and collaboration particularly in renewable energy being European Union’s biggest economy both in Gross Domestic Products and population and a global force in technology and innovation.He said he is always elated by the interest of German companies to support the country’s commitment to sustainability and climate resiliency.“To further support these investments, we have put in place several energy transition policies including investment enablers designed to incentivize energy efficiency,” said Marcos.“We are also working on developing programs that will support and facilitate the efforts to decarbonize our economy. I have high hopes that we can welcome the opportunity for greater cooperation on climate change and energy transition,” he added.He noted that the Philippines is positioning itself as a regional hub for smart and sustainable manufacturing by attracting sustainability-driven strategic investments powered by renewable energy.Marcos said the country recognizes that there are complementarities to be explored in critical minerals, and it is open to having a dedicated dialogue with German companies on the sustainable processing of green metals to be supported by strong adherence to high labor and environmental standards.With the recent global challenges, the President underscored the dangers of limited sourcing, or concentrating supplies in a single country, as he urged for the urgent need to diversify production locations and explore alternative materials to de-risk and minimize disruptions in supply chains.“Moreover, the transition to a low-carbon or net-zero scenario has further propelled the de-risking trend,” Marcos said.“The Philippines and Germany both have aspirations for de-risked and diversified production and market value chains, which future-proofs our economies from the geo-political vagaries of our times,” he added.Marcos also expressed gratitude to the Filipino community in Berlin for their unwavering support as they contributed to the government’s efforts to secure foreign investments through their invaluable work.“You are the envoys, para kayong mga ambassador lahat ng ating kultura. You exemplify the values of family, faith, honesty, hard work, compassion, and solidarity wherever you go,” Marcos told the Filipino community gathering.“Your presence in host countries fosters, hindi lamang dito sa Germany kundi lahat ng ating mga kababayan na nagtatrabaho sa iba’t-ibang bansa at -- the host countries foster goodwill and understanding. It strengthens the bonds between our two nations. It enriches the global community,” he added.Marcos vowed that his administration will continue to work hard and match their contributions by reforms and programs under the “Bagong Pilipinas” agenda.Marcos was the first Philippine president to address German business leaders in 10 years, coinciding with the 70th anniversary of the Philippine-Germany diplomatic relations. (TPM/SunStar Philippines) Will Peraplay show the Champions League? . 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THE Philippines’ unemployment rate recorded a slight decrease to 3.5 percent in February 2024 from 4.8 percent in the same month last year, according to the latest report of the Philippine Statistics Authority on Thursday, April 11.This translates to 1.80 million unemployed individuals for the month. In January this year, unemployment stood at 4.5 percent.The employment rate, on the other hand, increased to 96.5 percent from 95.2 percent in the same month in 2023. This translates to 48.95 million employed Filipinos. January’s employment rate was at 95.5 percent.The country’s Labor Force Participation Rate (LFPR) or those who were either employed or unemployed in February this year was posted at 64.8 percent which translates to 50.75 million Filipinos. This was lower than the recorded LFPR in February 2023 at 66.6 percent (51.27 million), but higher than the January 2024 LFPR at 61.1 percent (48.09 million).On average, employed persons worked 40.1 hours per week, which was higher than the average hours worked in a week in February 2023 at 39.5 hours but lower than the reported average hours worked in a week in January 2024 at 42.1 hours. Moreover, the underemployment rate in February 2024 was posted at 12.4 percent, lower than the recorded rate in February 2023 at 12.9 percent and in January 2024 at 13.9 percent. Underemployment refers to a situation where individuals are employed, but their employment falls short of full utilization of their skills, qualifications, or availability to work.In terms of magnitude, 6.08 million of the 48.95 million employed individuals expressed the desire to have additional hours of work in their present job, to have an additional job, or to have a new job with longer hours of work in February 2024.Winners, losers The top five sub-sectors that gained employment were construction (470 thousand); transportation and storage (444 thousand); administrative and support service activities (344 thousand); manufacturing (313 thousand); and accommodation and food service activities (210 thousand).On the other hand, sectors that posted the highest annual decreases in the number of employed persons were agriculture and forestry (-834 thousand); fishing and aquaculture (-490 thousand); public administration and defense; compulsory social security (-418 thousand); information and communication (-107 thousand); and wholesale and retail trade; repair of motor vehicles and motorcycles (-102 thousand). Government interventionAccording to National Economic and Development Authority Secretary Arsenio Balisacan, the government remains resolute in creating an enabling policy and regulatory environment to attract employment-generating investments.“We will also continue to implement measures to address bottlenecks and expedite processes to realize investment pledges, particularly in priority sectors holding much promise, such as renewable energy and critical minerals.”  Balisacan added that the government will revisit the existing policy governing alternative work modes, such as the Telecommuting Act, and adapt it to the evolving work landscape to address the growing preference for remote work.  “The government will explore enhancing the potential of part-time work to help promote lifelong learning. A framework for part-time work and similar set-ups can allow workers to retool or upskill without leaving the workforce,” he said. Moreover, to facilitate the development of soft and hard skills among workers and create a more agile and adaptive workforce, the government continues to advocate for the passage of the Apprenticeship Bill, Lifelong Learning Bill and Enterprise Productivity Act. / (TPM, KOC / SunStar Philippines) licensed online casinos A MANILA lawmaker has urged the Department of Energy (DOE) and Department of Transportation (DOTr) enter into agreements with select and strategically located gasoline stations to sell discounted fuel to drivers in the public transport sector. Rep. Joel R. Chua (Manila, 3rd district), in a statement Wednesday, April 17, 2024, suggested that the style of National Government's Kadiwa, which sells discounted basic goods, could be applied to fuel subsidies for motorcycle riders, motorcycle taxis, tricycles, and public utility jeepneys (PUJs).Chua said the use of Pantawid Pasada debit may still continue or not if the DOE and DOTr succeed in finding partner gasoline stations.According to Chua, the DOE and DOTR will be responsible for choosing which fuel companies and stations shall sell the discounted fuel at the designated pumps. In consultation with the Department of Finance and Department of Budget and Management, they would also determine the amount of the discount and the budget.The lawmaker's proposal would expand the current coverage of targeted fuel subsidies for land transport, which are currently limited only to legitimate PUJs and tricycles who have Pantawid Pasada cards. "I am suggesting the expansion because the current coverage is too limited and does not include other Filipinos who are in the poor and low-income segments of our population," Chua said.The selling of the discounted fuel could also be done on a schedule, perhaps once a week or on Sundays, to avoid the high costs of daily sales, according to Chua. The lawmaker said if his proposal is adopted by the DOE and DOTr, the expanded fuel subsidies could be pilot tested in Manila and a few other cities and towns before being rolled out to other areas.Last Tuesday, April 16, oil companies implemented a minimal price hike.Pilipinas Shell, Cleanfuel and Seaoil implemented a P.95 per liter price increase for diesel, P.40 per liter for gasoline and P.85 per liter on kerosene.On Tuesday, April 9, these three oil companies implemented a P1.10 per liter price increase for gasoline, P1.55 per liter on diesel and P1.40 per liter on kerosene.Last week, DOE-Oil Industry Management Bureau Director Rino Abad said the continuous increase of oil prices may be expected in the coming months considering the higher demand from China, India and the United States, which were the top three oil consumers.Abad said the Organization of Petroleum Exporting Countries has also implemented a production cut of 2.2 million barrels per day, affecting the global oil supply. These oil price hikes in the past two weeks have prompted Alliance of Transport Operators and Drivers Association of the Philippines to file a petition before the Land Transportation Franchising and Regulatory Board asking for a P2 increase in the minimum fare of traditional jeepneys, raising it from P13 to P15. (KAL)

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THE Philippines’ unemployment rate recorded a slight decrease to 3.5 percent in February 2024 from 4.8 percent in the same month last year, according to the latest report of the Philippine Statistics Authority on Thursday, April 11.This translates to 1.80 million unemployed individuals for the month. In January this year, unemployment stood at 4.5 percent.The employment rate, on the other hand, increased to 96.5 percent from 95.2 percent in the same month in 2023. This translates to 48.95 million employed Filipinos. January’s employment rate was at 95.5 percent.The country’s Labor Force Participation Rate (LFPR) or those who were either employed or unemployed in February this year was posted at 64.8 percent which translates to 50.75 million Filipinos. This was lower than the recorded LFPR in February 2023 at 66.6 percent (51.27 million), but higher than the January 2024 LFPR at 61.1 percent (48.09 million).On average, employed persons worked 40.1 hours per week, which was higher than the average hours worked in a week in February 2023 at 39.5 hours but lower than the reported average hours worked in a week in January 2024 at 42.1 hours. Moreover, the underemployment rate in February 2024 was posted at 12.4 percent, lower than the recorded rate in February 2023 at 12.9 percent and in January 2024 at 13.9 percent. Underemployment refers to a situation where individuals are employed, but their employment falls short of full utilization of their skills, qualifications, or availability to work.In terms of magnitude, 6.08 million of the 48.95 million employed individuals expressed the desire to have additional hours of work in their present job, to have an additional job, or to have a new job with longer hours of work in February 2024.Winners, losers The top five sub-sectors that gained employment were construction (470 thousand); transportation and storage (444 thousand); administrative and support service activities (344 thousand); manufacturing (313 thousand); and accommodation and food service activities (210 thousand).On the other hand, sectors that posted the highest annual decreases in the number of employed persons were agriculture and forestry (-834 thousand); fishing and aquaculture (-490 thousand); public administration and defense; compulsory social security (-418 thousand); information and communication (-107 thousand); and wholesale and retail trade; repair of motor vehicles and motorcycles (-102 thousand). Government interventionAccording to National Economic and Development Authority Secretary Arsenio Balisacan, the government remains resolute in creating an enabling policy and regulatory environment to attract employment-generating investments.“We will also continue to implement measures to address bottlenecks and expedite processes to realize investment pledges, particularly in priority sectors holding much promise, such as renewable energy and critical minerals.”  Balisacan added that the government will revisit the existing policy governing alternative work modes, such as the Telecommuting Act, and adapt it to the evolving work landscape to address the growing preference for remote work.  “The government will explore enhancing the potential of part-time work to help promote lifelong learning. A framework for part-time work and similar set-ups can allow workers to retool or upskill without leaving the workforce,” he said. Moreover, to facilitate the development of soft and hard skills among workers and create a more agile and adaptive workforce, the government continues to advocate for the passage of the Apprenticeship Bill, Lifelong Learning Bill and Enterprise Productivity Act. / (TPM, KOC / SunStar Philippines) Philippines sports and recreation

Some of the most important trends revolve around the changes to the legalisation of online gambling for offshore operators, with President Rodrigo Duterte cracking down on illegal operations in recent years. Otherwise, we’ve identified that the growth in the land-based gambling industry has resulted in job creation for locals, with more than half of all employees in the entertainment sector being employed for gambling and betting activities.

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