Labor Secretary Sivestre Bello III is looking into adding more personnel to the Philippine Overseas Labor Offices (POLO) to help more OFWs, particuarly those who are jobless due to oil price drop. “Unang-una, we will recommend additional officers kasi dito lang sa Jeddah there are more than 300,000 migrant workers. Ilan lang ang tao dito, wala pa yatang 20. How can you cater the needs of our contract workers kung ganyan lang ang manpower mo?”, […]
Tag: oil slump
Asian shares skid to 2011 levels as oil slump intensifies
Asian shares slid to their lowest levels since late 2011 on Monday (January 18) after weak U.S. economic data and massive falls in oil prices stoked further worries about a global economic downturn. Oil prices fell as much as four percent on Monday, with international benchmark Brent futures falling below $28 per barrel, touching their lowest level since 2003. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.0 percent in early trade, extending its […]
