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READ: Foreign selloff shows 'discomfort' with Duterte rhetoric, analyst says!

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<span style="font-family: inherit;"><b><span style="color: magenta;">MANILA – A foreign selloff in the stock market indicates “discomfort” with President Rodrigo Duterte’s tough rhetoric, as investors gauge whether the government’s economic reform agenda is on track, an analyst said Friday</span></b>.</span></h3>
<span style="font-family: inherit;">Foreign portfolio investments posted net outflows of $600,000 on Thursday, bringing the weekly total to $34.3 million and the monthly total to $344.8 million, according to Bloomberg data.<br />
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<i>“The foreign selling demonstrates the discomfort that they have with, maybe, what they hear from the President,” John Padilla, investment management head at Metrobank Trust Banking Group told ANC’s “Market Edge with Cathy Yang.”</i></span><br />
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<a href="http://go.ad2up.com/afu.php?id=787282"><span style="color: magenta;">View more here (Link1)</span></a></h4>
In the last few weeks, Duterte directed curse-filled jabs at the United States, the United Nations and the European Union for criticizing his bloody war on drugs. On Thursday, he said he did not care about credit ratings agencies.<br />
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<span style="text-align: center;">                                                          <span style="color: magenta;">  </span></span><span style="color: magenta;"><a href="http://go.ad2up.com/afu.php?id=786809" style="text-align: center;">(Link2)</a> </span></h4>
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American debt-watcher Standard & Poor’s said this week that the predictability of the country’s economic policy-making had “diminished somewhat” following the President’s attacks on the country’s traditional allies and as he focuses on his anti-crime drive.<br />
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<span style="text-align: center;">                                                       <span style="color: magenta;">    </span></span><a href="http://go.ad2up.com/afu.php?id=774878" style="text-align: center;"><span style="color: magenta;">(Link3)</span></a></h4>
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Investors will be “watching more on deviations” from policy, Padilla said.<br />
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“Investors like the infrastructure story, the tax reform story, all the other reforms that the government is pushing forward. If there won’t be any deviations from there, I think, the patience on the market will remain, will be sustained,” he said.<br />
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While it maintained its investment grade score on the Philippines’ sovereign debt, S&P said a rating upgrade was unlikely in the next two years.<br />
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“The move to investment garde really catapulted the Philippines to a new dimension. I think we were back on the radar screen of major investmwent houses and major investors as well,” Padilla said.<br />
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“To lose that, would be like, look at us in the same way that they were looking at us – the Sick Man of Asia. I really wouldn’t want to see that happen,” he said.<br />
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The Philippines enjoys investment grade status in all three major debt-watchers—S&P, Fitch Ratings, and Moody’s Investors Service.<br />
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An investment grade rating gives the country access to a wider market for its debt offerings, which will help raise funds to spend on infrastructure and other development projects<br />
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<br />SOURCE: <a href="http://news.abs-cbn.com/business/09/23/16/foreign-selloff-shows-discomfort-with-duterte-rhetoric-analyst-says">ABS-CBN</a></h4>

MANILA – A foreign selloff in the stock market indicates “discomfort” with President Rodrigo Duterte’s tough rhetoric, as investors gaug...

WATCH: US, PH officials help abused Filipino workers

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SAN FRANCISCO - A memorandum has signed by the United States Labor Department and the Philippine Consulate to promote and defend labor rights of all Filipino workers regardless of their immigration status.</div>
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The US Department of Labor Wage & Hour division is working with Philippine officials to help kababayans who have been abused by their employers through wage theft. </div>
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“I can tell you that we have been able to put more than $5 million into the hands of Philippine workers who have been working long hours in the residential healthcare industry,” said Susana Blanco, Director of US Department of Labor Wage & Hour.</div>
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US officials created a program called EmpleoPinoy, specifically to help Filipino workers understand their rights. They stressed, all cases are confidential.</div>
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“So what’s important is that they shouldn’t fear coming forward. We don’t release that information and we’re here to protect them. It doesn’t matter what their immigration status is and if they have something to report, we’re here to assist them,” said Blanco.</div>
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“To take that fear away, we must be able to disseminate these information and we have to work together through the community as well,” said Henry Bensurto Jr., Philippine Consul General at San Francisco.</div>
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Bensurto welcomes the partnership with the US Dept. of Labor because it could encourage abused Filipino workers to come forward and seek justice. </div>
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He said kababayans in dire situation should not feel alone and should always reach out to consul officials if they are abused in the workplace. </div>
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“When we talk of fair wages, when we talk of welfare, all of this sums up to one thing, which for me is the bottom line—it speaks about the dignity of the human person. If you’re able to deliver this, and are able to help so that these are delivered to the people, then we’re helping elevate humanity to its appropriate dignity,” he said.</div>
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For more information of EmpleoPinoy or to request for their assistance, people are encouraged to call 1-877-885-6641. </div>
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SOURCE: <a href="http://news.abs-cbn.com/overseas/09/13/16/us-ph-officials-help-abused-filipino-workers" target="_blank">ABS-CBN</a></div>

A Memorandom to defend labor rights of all OFW OFW WATCH: US, PH officials help abused Filipino workers

SAN FRANCISCO - A memorandum has signed by the United States Labor Department and the Philippine Consulate to promote and defend labor ri...