December 1st, 2008

Local contact centers earn P68.5B in 2007

Mary Ann Ll. Reyes
Philippine Star
The 25 leading operators of contact centers in the Philippines reported P68.5 billion or $1.67 billion in aggregate revenues in 2007.
According to Catanduanes Rep. Joseph Santiago who chairs the House information and communications technology committee, “this is the first time that we’ve actually managed to put together the reported revenues generated [...]

November 30th, 2008

Financial markets: Growing unpaid debts

Aurelio O. Angeles
Philippine Daily Inquirer
(Conclusion)
WHAT DOES it mean to the people of the United States when their economy’s current account has been on deficit not just for a year, but for 31 years?
Here are thoughts that will blow your mind.
Deficits and the American people
First, remember my statement earlier, “people make up the economy, and economics [...]

November 30th, 2008

Global crisis: Costs and responses

Cielito Habito
Philippine Daily Inquirer
THE THIRD QUARTER GDP growth figures are out, and the numbers are as everyone expected. The economy has slowed down in the face of the shocks from abroad, and what kept it from slowing down as much as most of our neighbors did was the deliberate pumping up of government spending to [...]

November 30th, 2008

Support for biotech strongest in RP - survey

Philippine Star
Philippine consumers are aware of biotechnology benefits and do not have safety concerns with GMO, a recent survey by the Asian Food Information Centre (www.afic.org) shows.
The AFIC survey covered five Asian countries, namely China, India, Japan, the Philippines and South Korea. It aimed to provide insights on how consumers in Asia perceive the use [...]

November 30th, 2008

GFIs to reinvest Meralco stake sale proceeds

Iris C. Gonzales
Philippine Star

Major government financial institutions (GFIs) intend to reinvest the proceeds from the planned sale of their stake in Manila Electric Co. (Meralco) in other stocks, particularly in the geothermal sector, and to fund priority loans, top officials said.
Land Bank of the Philippines, Social Security System (SSS) and the Development Bank of the [...]

November 30th, 2008

RP to push 50% reduction in carbon emissions by 2050

Philippine Star
The Philippine government is set to push for a shift from fossil fuel-dependent energy to renewable energy and endorse at least 50 percent reduction of emissions by 2050 during the global conference on climate change in Poznan, Poland starting next week.
Presidential Adviser on Global Warming and Climate Change Secretary Heherson Alvarez said the Philippine [...]

November 29th, 2008

Army steps up campaign vs human rights abuses

Philippine Star
The Philippine Army has intensified its campaign against human rights violations by investigating officers and men who have been implicated in such cases and to educate soldiers on international protocols.
Lt. Col. Romeo Brawner, Army spokesman, said their human rights team has started making the rounds of camps in Luzon and the Visayas to conduct [...]

November 29th, 2008

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 push for the amendment of the charter of the Bangko Sentral ng Pilipinas (BSP) to give the monetary [...]

November 29th, 2008

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 yesterday, Mrs. Arroyo said the Philippines’ economic outlook remains uncertain due to the global economic crisis but the [...]

November 29th, 2008

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 yesterday, Mrs. Arroyo said the Philippines’ economic outlook remains uncertain due to the global economic crisis but the [...]