philippine news

Nov 29, 20080

Eco managers urged to push reforms to shield RP from crisis

Iris C. Gonzales
Philippine Star

Government economic managers should push for reforms that would help the Philippines cope with the impact of the global financial turmoil, Senator Edgardo Angara said yesterday.

The lawmaker noted for instance that the government should … Read the rest

Nov 29, 20080

RP won’t slip into recession – GMA

Paolo Romero
Philippine Star

President Arroyo does not see the Philippines slipping into a recession despite contractions and slowdowns experienced in developed economies in Europe, Asia and the United States.

In an interview with Biz News Asia publisher Antonio Lopez … Read the rest

Nov 29, 20080

RP won’t slip into recession – GMA

Paolo Romero
Philippine Star

President Arroyo does not see the Philippines slipping into a recession despite contractions and slowdowns experienced in developed economies in Europe, Asia and the United States.

In an interview with Biz News Asia publisher Antonio Lopez … Read the rest

Nov 28, 20080

Domestic demand to fuel growth next year – officials

Des Ferriols
Philippine Star

Economic officials said domestic demand created by private consumption and public spending would have to take up the slack in global demand and support the country’s economic growth in 2009.

The economy grew 4.6 percent in … Read the rest

Nov 28, 20080

RP posts slower growth of 4.6% in third quarter

Ted P. Torres
Philippine Star

The economy posted a slower growth in the third quarter of 2008 at 4.6 percent from 7.1 percent a year ago as the country started to feel the adverse effects of the global financial crisis.… Read the rest

Nov 26, 20080

US forces here to stay, says US envoy

Julie Alipala
Inquirer.net

ZAMBOANGA CITY–The United States will not likely pull out its military forces in the Philippines under the incoming Obama administration despite the demand of some sectors, according to US Ambassador Kristie Kenney.

Prof. Octavio Dinampo, chair of … Read the rest

Nov 25, 20080

Kenney sees no job cuts by US firms in RP

Roel Pareño
Philippine Star

ZAMBOANGA CITY – US Ambassador Kristie Kenney is optimistic that American investors will not cut their labor force in the Philippines amid recession in the US economy which has forced several businesses to reduce their work … Read the rest

Nov 22, 20080

Consumer coping with hard times

Mahar Mangahas
Philippine Daily Inquirer

Last Tuesday, I had the pleasure of attending marketing guru Ned Roberto’s premiere presentation of his First Nationwide Consumer Coping Behavior Study to representatives of the 24 companies that sponsored the study, and other clients … Read the rest

Nov 21, 20080

Mellon: Philippines may gain from crisis

Doris Dumlao
Philippine Daily Inquirer

The Bank of New York Mellon, a global leader in asset management and securities servicing, sees the Philippines to be in good shape, capable of hurdling, and even profit from, the global financial crisis.

“The … Read the rest

Nov 20, 20080

Manpower head sees big layoffs globally

Agence France-Presse
Inquirer.net

NEW DELHI — Employee numbers will be cut sharply in many Western nations as companies pare costs to survive the global financial crisis, according to an international recruitment company boss.

Layoff plans are expected to gain momentum … Read the rest

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