Monthly Archives: February 2009

MANILA, Philippines – Global research firm International Data Corp. (IDC) has lowered its growth rate forecast for the information technology services market in the Asia-Pacific region (excluding Japan) this year to a ‘post-crisis’ forecast of 9.6 percent, from the previous forecast of 11.2 percent.

MANILA, Philippines – Bangko Sentral ng Pilipinas (BSP) officials ruled out the possibility that remittances would decline this year but admitted that inflows would not increase for the first time since the country started deploying workers abroad.

ANGELES CITY, Philippines — President Arroyo said yesterday she is convinced that the country, despite the exports slowdown and rising layoffs, remains outside the scope of the global recession.

It seems that worrying about your next job isn’t just limited to private sector employees anymore. Once Executive Order 366 (E.O. 366) or the Rationalization Plan of the government is implemented around 420,000 government employees, or 30 percent of the workforce in the bureaucracy, will be laid off. The executive order was issued in October…

The global financial crisis has cost 5,400 Filipinos abroad and 34,000 in the country their jobs, Labor Secretary Marianito Roque said Wednesday.

MANILA, Philippines – Foreign investments in Philippine stocks and government securities recover in January after investors became optimistic over the “inauguration of a new US president” and the country’s single-digit inflation rate.

THE government has spent close to half a billion pesos to place the previously unemployed or underemployed nationwide in various government projects, the National Anti-Poverty Commission (NAPC) reported.

The Philippines is expected to sustain economic growth this year and outperform many of its Asian neighbors, according to a report by Moody’s Eco­nomy.com Inc.

Former President Fidel Ramos said Tuesday that the time for Charter change has already passed, adding that the “Hyatt 10” incident in July 2005 should have been the “day of reckoning.”

Consumers will bear the burden of repairing the Bataan Nuclear Power Plant under a proposal put forward yesterday by Rep. Mark Cojuangco of Pangasinan.

Certain political issues as sensitive as human rights remain a stumbling block to forging an expanded economic, political and security cooperation between the Philippines and the European Union, a top diplomat said at the end of the first round of talks for a Partnership Cooperation Agreement (PCA).

MANILA, Philippines (Xinhua) — The Philippine export revenue declined by 40.4 percent in December 2008, providing evidence of a worse-than-expected impact of the global economic crisis on the country’s trade sector, the government data showed today.

MANILA, Philippines – Foreign direct investments surged by 68.1 percent to $232 million in November last year, a rare increase fueled largely by huge capital inflows into the mining sector.

Q: Do you believe in natural beauty? How is it possible to grow old with dignity? — Niña Gavino, Marikina, Rizal

BACOLOD CITY – Sugar cooperatives no longer have to pay the value-added tax (VAT) on their sugar produce with the signing into law of the Philippine Cooperative Code of 2008, Sen. Juan Miguel Zubiri said on Tuesday.

MANILA, Philippines—The number of unemployed in Asia could swell to 113 million in 2009, or 22.3 million more than last year, due to the global economic crisis, according to the most pessimistic scenario of the International Labor Organization (ILO).

https://ntucphl.org/news/wp-content/uploads/2009/04/bm_no_20121.pdf

Pursuant to the doctrine of res judicata, a final judgment or decree on the merits by a court of competent jurisdiction is conclusive on the rights of the parties or their privies in all later suits between them on points and matters determined in said judgment. This is the doctrine involved in this case between…

MANILA, Philippines –  President Arroyo unveiled yesterday fresh measures to help stem rising unemployment in the country due to the global economic crisis, including the creation of “green collar jobs” to protect the environment.

MANILA, Philippines –  The head of the European Union panel in the first negotiating round on the Partnership and Cooperation Agreement (PCA) between the EU and the Philippines said yesterday that the existence of this framework agreement on cooperation should be the basis to enter into Free Trade Agreement (FTA) commitments.

MANILA, Philippines – President Arroyo steered clear yesterday of calls for a moratorium on wage hikes and the grant of benefits to help employees cope with the global financial crisis.

Participants attending a day-long summit in Malacañang reached yesterday a national consensus on measures to support government efforts in promoting job security and helping Filipino workers cope with the global economic crisis. 

MANILA, Philippines – The Philippine National Police (PNP) welcomed yesterday the proposal of an international media organization to create special courts to handle murder cases involving journalists.

MANILA, Philippines – The Philippines is facing a big cut in foreign aid because corruption in government is “deeply entrenched” and the World Bank report is “worrying” a big donor country, a diplomat disclosed yesterday.

AS THOUSANDS of Filipinos face the prospect of being laid off due to the global financial crisis, President Arroyo has called for an intensified effort to place more workers overseas.

CITIBANK is hiring 1,000 more people as it expands its Philippine operations this year, country manager Mark Jones said yesterday.

THE government will allocate P25.12 billion to create 1.3 million new jobs and to send nurses to 1,000 of the poorest municipalities and “green-collar” workers to work in environment-related projects.

bm_no._2012 click here

The government is considering to provide incentives to the opening of the smallest business units such as the operations of sari-sari stores and tricycle services which up to now many are considered part of the so-called underground economy since these do not pay income taxes.

Fifty-three Cebuano employees breathed a collective sigh of relief as Immigration Commissioner Marcelino Libanan recently revoked the visa of their employer, a New Zealander, for his anti-labor practices and illegal activities.