philippine news

Dec 30, 20081

Winners, Lossers in Financial Crisis

Cris Evert Lato
Cebu Daily News

CEBU CITY, Philippines – About 30 percent of overseas Filipino workers (OFWs) are working in the United States, according to research group Ibon Foundation.

At least 52 percent of OFW remittances… Read the rest

Dec 29, 20080

DOLE to hold talks on layoffs

Kristine L. Alave
Philippine Daily Inquirer

MANILA Philippines—The Labor department will conduct surveys and meetings with companies in export zones next month to gain a full picture of how the global credit squeeze affects them and to… Read the rest

Dec 29, 20080

Gov’t says export sector jobs at risk

Agence France-Presse
Inquirer.net

MANILA, Philippines — Jobs in the Philippines’ export sector will be at risk next year as the global financial crisis worsens, Labor Secretary Marianito Roque warned Monday.

His comments came after Texas Instruments, one of the… Read the rest

Dec 29, 20080

Roque: Wage increase unlikely in 2009

Kristine L. Alave
Philippine Daily Inquirer

MANILA, Philippines—A wage increase next year is unlikely as pressures on the pockets of workers appear to be easing, Labor Secretary Marianito Roque said.

In an interview recently, Roque said there will be… Read the rest

Dec 28, 20080

Toledo Mining lays off 90% of workforce (Cites drastic cut in nickel demand)

Ronnel Domingo
Philippine Daily Inquirer

MANILA, Philippines – Toledo Mining Corp. said it had laid off some 600 workers and contractors while some directors took pay cuts as dampened demand took its toll on nickel operations in… Read the rest

Dec 28, 20081

Foreign debt stock fell to $53.5B in Q3

Philippine Daily Inquirer

MANILA, Philippines – The Philippines’ foreign debt burden fell by $1.3 billion in the third quarter to $53.5 billion from $54.8 billion in the previous quarter, as local borrowers reduced their foreign currency exposure in view of… Read the rest

Dec 28, 20080

A puzzling economy

Cielito Habito
Philippine Daily Inquirer

MANILA, Philippines – Ever notice how our economy has been behaving strangely lately? The latest strange (but welcome) behavior is how job generation based on the last two quarterly Labor Force Surveys (July and… Read the rest

Dec 28, 20081

DOLE notes industrial peace in 2008 (Strikes at lowest in 4 decades–Roque)

Jerome Aning
Philippine Daily Inquirer

MANILA, Philippines–The Department of Labor and Employment regards 2008 as another year when industrial peace “reigned,” with only only five strikes recorded, the lowest in the seven decades of the agency’s existence.

DOLE’s… Read the rest

Dec 27, 20080

Hike in GSIS, SSS pensions pushed

Michelle Remo
Philippine Daily Inquirer

The Government Service Insurance System (GSIS) and the Social Security System (SSS) have been urged to consider raising the monthly pension received by its retired members as one way to help stimulate household spending… Read the rest

Dec 27, 20080

Banks’ exposure in property hits P224B

Doris Dumlao
Philippine Daily Inquirer

The exposure of Philippine commercial banks to the real estate sector expanded in the third quarter despite the worsening US property downturn that triggered a global financial turmoil, the central bank reported.

It reached… Read the rest

  • Categories

  • Also Visit

  • RSS Inquirer.net

    • Global rice production set to hit record in 2011-2012—FAO
      The harvest of rice around the world in 2011-2012 should hit a new record of 721 million tons and lead to lower prices, the UN's Food and Agricultural Organization said Wednesday.Keep on reading: Global rice production set to hit record in 2011-2012—FAO […]
    • Corona has only 24, not 45 properties
      Chief Justice Renato Corona has 24 properties and not 45 as earlier reported in the media, the head of the prosecution team admitted on Thursday.Keep on reading: Corona has only 24, not 45 properties […]
    • Bankrupt Kodak asks to pull name from Oscars theater
      The century-old photography trailblazer Eastman Kodak has filed a request to pull its name from the Los Angeles theater hosting the Oscars as part of bankruptcy proceedings launched last month.Keep on reading: Bankrupt Kodak asks to pull name from Oscars theater […]

  • RSS The Philippine Star

    • Death toll in Visayas quake continues to rise
      (UPDATE 4) More than a dozen people have been reported killed in Negros Oriental province after it was hit by a strong quake before noon today. Do you think Chief Justice Renato Corona will be convicted by the Senate? Vote here! Live streaming of the Corona impeachment trial […]
    • Fil-Chinese federation worried over bid to open CJ bank accounts
      The business sector expressed alarm yesterday over the bid of House prosecutors in the impeachment trial to disclose bank accounts of Chief Justice Renato Corona just to prove their case. […]
    • Corona trial seen over by March 23
      The Senate impeachment trial of Chief Justice Renato Corona will most likely be finished by March 23, lead prosecutor Rep. Niel Tupas Jr. said yesterday. Do you think Chief Justice Renato Corona will be convicted by the Senate? Vote here! […]

  • RSS Manila Bulletin

    • Prudential Guarantee Requirement Is Equally Imposed On Open Access Suppliers
      MANILA, Philippines — Stakeholders in the power industry are proposing that the prudential guarantee requirement being imposed on distribution utility-participants for trading at the Wholesale Electricity Spot Market (WESM) be equally enforced to the retail electricity suppliers (RES) under open access regime. […]
    • Government Lifts Tariff On Wheat
      MANILA, Philippines — The government has removed for good the tariff on wheat imports, a move that would give local flour millers a level playing against flour imports and hopefully bring down prices of flour. Trade and Industry Secretary Gregory L. Domingo told reporters the zero tariff on wheat imports is part of the government’s Comprehensive Tariff Refor […]
    • Obama's Report
      MANILA, Philippines — It’s that time of year, when the US President reports on the state of the nation, and plans for the future. With the 2012 elections coming up, President Obama’s speech was both the conventional report and a bid for reelection. […]

Subscribe

Stay updated on my meandering thoughts & activities via RSS (Syndicate).