global financial crisis

“The condition of the Filipino women has gotten from bad to worse eight years after President Arroyo took over in Malacañang. President Arroyo’s government has spawned widespread misery, poverty, unbridled corruption, and violence against Filipino women, with her contemptuous servility to foreign interests and flagrant perpetuation of herself in power.”  read more »

"Social Security System Chief Romulo Neri is gambling away the hard-earned money of the SSS members by committing to invest P12.5B of its reserve funds. Clearly, the SSS Charter states that the SSS reserve funds should be invested with more care, prudence and diligence in line with the principles of safety, good yield and liquidity. Thus, it is all the more crucial that they adhere to these strict criteria before SSS funds are committed, given the intensity of the impact of the financial crisis."  read more »

The continuous implementation of Philippine Overseas Employment Administration Memorandum Circular 04 (MC-04), which sets illogical and unreasonable requirements for the direct hiring of OFWs, is highly detrimental to the rights and wellbeing of Filipino migrant workers in the face of global financial meltdown and massive retrenchments abroad.  read more »

At the hearing on the impact of the global financial crisis at the House Committees on Economic Affairs and Banks today, Gabriela Women's Party Representative Liza Maza said Social Security System chief Romulo Neri should explain the use of the P12.5B funds of the SSS for the economic stimulus package prescribed to cushion the impact of the crisis, as this "may be tantamount to cheating off funds from the workers and SSS beneficiaries."  read more »

"Increasing the price of LPG due to higher acquisition costs and supply tightness is a lame excuse by Shell and Petron. Indeed, this is another burden passed on to the poor Filipino families who have always put up with the brunt of this crisis," said Gabriela Women's Party Rep. Liza Maza.  read more »

Gabriela Women's Party Representative Liza Maza today said that SSS chief Romulo Neri's authority to commit Social Security System (SSS) funds for the Malacanang's P300 billion economic stimulus package is questionable.  read more »

Gabriela Women’s Party on Monday urged the House of Representatives to investigate where the P250 million OWWA fund set aside last year for OFWs affected by the global financial crisis went.   read more »