Cash lesson for Pinoys cited in crisis-hit Japan

Written by Jeremaiah Opiniano on . Posted in 2010-News-Packet-Vol-09-05-06

PASIG CITY – A REAL-TIME crash course in cash management still grips Filipinos in Japan as the world’s second-largest economy still attempts to clamber out of recession.

“They [Filipinos] have to start saving or investing rather than just spending” in these times of crisis, sociologist Ma. Rosario Piquero-Ballescas of Toyo University in Bunkyo-ku district said.

Asia structurally dependent on labor migration –analysts

Written by Jeremaiah Opiniano on . Posted in 2010-News-Packet-Vol-09-05-06

PASIG CITY – ANALYSTS claim the movement of workers from home countries in Asia already reached a level wherein their economies are now “structurally dependent” on migration.

Labor migration for Asia is “not a mom-and-pop story anymore,” Ma. Alcestis Mangahas of the International Labor Organization (ILO) told migration analysts and stakeholders at a recent forum here.