Category Archives: Economy

Economy, Finance, Government, International

Countries Using Peso Agree To Create Alternative World Currency!

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MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – There is a new world currency brewing and it’s not the U.S. dollar nor the BRICS currency being planned by Brazil, Russia, India, China and South Africa.

Rather it is the currency being used by Argentina, Chile, Colombia, Cuba, the Dominican Republic, Mexico, the Philippines and Uruguay — the peso.

The Bangko Sentral ng Pilipinas (Central Bank of the Philippines) is very excited about the peso initiative. “It will make the Philippines competitive in the world market,” a BSP spokesperson told The Adobo Chronicles.

This is a developing story.

Economy, Government

Sen. Risa Hontiveros Proposes Double Pay For Daily Wage Earners!

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MANILA, Philippines (The Adobo Chronicles, Manila Bureau)- It’s the month of February, that time of year when daily wage earners lose two full days of pay in a non-leap year.

But no worries, Senator Risa Hontiveros has filed a bill that would grant double pay for daily wage earners in the days missing in the February calendar.

Under her proposal, Hontiveros wants daily wage earners to be paid double during the last two days in February (February 27 and 28) during non-leap years and one day (February 29) during leap years.

The opposition senator told The Adobo Chronicles that if passed into law, her proposal will bring the much-needed equity between monthly and daily wage earners.