मैगज़्टर गोल्ड के साथ असीमित हो जाओ

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BPO workers urge legislators to pass law regulating industry safety, permanent employment, pay levels

Business World Philippines

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November 21, 2025

SENATE BILL (SB) NO. 1493, or the proposed BPO Workers’ Welfare and Protection Act, represents the latest effort to ensure that industry employees are protected, a business process outsourcing (BPO) employee association said.

Mylene Cabalona, president of the BPO Industry Employees Network (BIEN), said the industry is beset by limited safeguards, weak labor standards, meager pay, and unsafe work hours.

The Cebu earthquake raised questions about the 1.8 million-worker strong industry’s labor practices, with employees allegedly refused permission to leave their workstations after the quake struck in the evening Cebu time, which coincided with the period during which BPO workers were servicing key Western markets.

“We'vebeen pushing this in Congress since 2013. The BPO industry has been largely self-regulating,” Ms. Cabalona said by telephone.

Business World Philippines से और कहानियाँ

Business World Philippines

DoF warns VAT rate cut could slash P1 trillion in revenue and risk credit rating downgrade

THE Department of Finance (DoF) expressed “strong reservations” regarding a proposal to lower the value-added tax (VAT) rate, warning it could cost the government more than P1 trillion in foregone revenues through 2030 and undermine its fiscal consolidation efforts.

time to read

3 mins

November 21, 2025

Business World Philippines

Peso dips on hawkish Fed minutes

THE PHILIPPINE PESO weakened against the dollar on Thursday after minutes from the US Federal Reserve's last policy meeting dampened expectations of an interest rate cut next month.

time to read

2 mins

November 21, 2025

Business World Philippines

Business World Philippines

A matter of kindness

In the cyberage of materialism, speed, and convenience, the concept of spirituality is dismissed as irrelevant, obsolete, and archaic.

time to read

2 mins

November 21, 2025

Business World Philippines

Manulife and SSS expand Group Credit Life coverage

MANULIFE Philippines and the Social Security System (SSS) have expanded their Group Credit Life (GCL) insurance coverage to include pensioners participating in the SSS Pension Loan Program, providing additional financial protection to families of deceased borrowers.

time to read

1 mins

November 21, 2025

Business World Philippines

Banks’ 9-month trust assets rise to P4.9T

PHILIPPINE BANKS’ trust assets had climbed to P4.867 trillion as of September, reflecting stronger demand for professionally managed funds amid continued caution in financial markets, based on data from the Bangko Sentral ng Pilipinas (BSP).

time to read

1 min

November 21, 2025

Business World Philippines

Digital VAT collection nears P7 billion - BIR

THE PHILIPPINE government has collected almost P7 billion from a 12% value-added tax (VAT) on digital services, the Department of Finance said, providing a lift to revenue intake at a time when slower growth and a corruption probe are weighing on collections.

time to read

2 mins

November 21, 2025

Business World Philippines

Business World Philippines

DICT chief targets to raise digital economy's share to GDP to 12.5%

THE DEPARTMENT of Information and Communications Technology (DICT) is aiming to increase the share of the digital economy to gross domestic product (GDP) to 12.5% by 2028, by fast-tracking digital infrastructure projects and attracting more hyperscalers to operate in the country.

time to read

3 mins

November 21, 2025

Business World Philippines

‘While the Guitar Weeps’ for the nation

The Philippines today feels like a land in quiet sorrow — deeply disillusioned.

time to read

3 mins

November 21, 2025

Business World Philippines

Business World Philippines

Saavedra-led Megawide raises P3B in oversubscribed follow-on offering

MEGAWIDE Construction Corp. raised P3 billion from its Series 7 preferred shares follow-on offering, which was oversubscribed 2.3 times, signaling investor confidence in the company’s expansion plans, its president said.

time to read

2 mins

November 21, 2025

Business World Philippines

BOP position swings to $706-M surplus in Oct.

THE PHILIPPINES' balance of payments (BoP) position swung to a surplus in October, narrowing the country's external position gap in the 10-month period, the central bank said.

time to read

2 mins

November 21, 2025

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