MGBEA Forum: Fostering Workplace Wellness

The Mines and Geosciences Bureau conducted the Mines and Geosciences Bureau Employees Association Continuing Employees Welfare Program and Benefits Forum (Series VI) on May 17 to 19, 2023 at the Swiss-Belhotel Blulane in Sta. Cruz, Manila. The theme of this year’s forum is Building a Healthy and Productive MGB Workforce through a Sustained Workplace Wellness Program. It was spearheaded by the MGBEA National Chapter and participated by Officers of MGBEA National, Central and Regional Chapters. The three-day event aimed to introduce and promote the basic concepts and principles of Workplace Wellness to strengthen the Collective Negotiation Agreement (CNA) provisions on Employees Welfare and Development. Day One focused on the lecture presentations (re-echo of CSC-CSI Course) on the Eight (8) Dimensions of Workplace Wellness given by the selected MGBEA National Officers. These dimensions are physical, mental/emotional, occupational health and safety, social/community, career, spiritual, financial, and intellectual. A continuation of the lectures continue reading : MGBEA Forum: Fostering Workplace Wellness

Nickel prices weakened in the 1st quarter of CY 2023

Based on the platform London Metal Exchange (LME), the trend as to the performance of nickel prices declined in the first three months of the year 2023. As shown in the graph, there was a big drop of approximately 23.39% in the prices from US$31,118 per metric ton (MT) on the 3rd day of January 2023 to US$23,838 per MT on the last day of March 2023.  The LME is a world center for the trading of industrial metals. Some of the observed factors considered in the decrease of the nickel prices are as follows: Increasing supply from Indonesia coupled with a slower-than-forecast demand rebound from China that hit the market in the first quarter, which created a slowdown at a time when the industry is still recovering from the year 2022 LME meltdown. (The LME nickel meltdown is attributed to Russia’s invasion of Ukraine in February 2022 which sparked continue reading : Nickel prices weakened in the 1st quarter of CY 2023