The figure reflects losses from absenteeism, presenteeism, and reduced performance, echoing long-standing warnings from the World Health Organization that poor mental health carries heavy economic costs for employers and governments across ASEAN.
The recognition bolsters Megaworld’s positioning in the war for talent as it expands its township, residential, hotel, and lifestyle portfolio across the Philippines. It also signals to investors and partners that the company is doubling down on people-centered growth alongside its business ambitions.
The discontinuation touches a small segment of the bank’s Philippine workforce. The roughly 250 Aumni roles represent around one percent of J.P. Morgan’s more than 25,000 employees in the country, spread across major hubs in Metro Manila, Cebu and Baguio. These sites serve as critical support centers for global operations.
SM Group is taking its J.O.B.S. (Job Opportunities Building Skills) program to the next level by integrating TESDA-accredited training into its nationwide job fairs. The move underscores its commitment to addressing the country’s widening skills gap while creating a more competitive workforce.
Through its educational institutions—Asia Pacific College (APC), National University (NU)—and the scholarship programs of SM Foundation Inc. (SMFI), the SM group is equipping students with the technical skills, industry experience, and mindset needed to thrive in a competitive, evolving job market.
President Marcos on Wednesday said that the Philippine unemployment rate fell to its lowest level in two decades, attributing the improvement to strong investor inflows and job creation initiatives across the country.
Despite spending millions of pesos on flight training and type ratings, hundreds of young Filipino pilots remain unemployed, victims of a mismatch between training expectations and industry requirements.
The initiative aligns with SM Foundation’s J.O.B.S. (Job Opportunities Building Skills) program, which aims to address unemployment and job distribution gaps by enhancing employability through skills development and job matching.