Monthly Archives: April 2009

MANILA, Philippines – Economic growth in the Philippines is expected to further slow to 1.9 percent this year, marking its worst performance since the Asian financial crisis more than a decade ago, the World Bank said yesterday.

MANILA, Philippines – The government announced they will continue to give tax incentives to the logistics industry because of the crucial role it plays in all functions of companies.

MANILA, Philippines – Various groups have banded together to form a new organization called One Organic Movement that will work for the development of organic agriculture in the Philippines.

MANILA, Philippines – Treasury bill (T-bill) rates fell across the board during yesterday’s auction due to easing inflation concerns of market investors and a healthy appetite for government debt papers, National Treasurer Roberto Tan said yesterday.

One of the best e-mails I got in recent days asked: do you know how the Apostles died? The answers are verifiable historically or from church accounts:

MANILA, Philippines – Four government agencies have attested that the Bataan Nuclear Power Plant (BNPP) does not rest on an active fault.

MANILA, Philippines – Customers of Manila Electric Co. (Meralco) will pay an additional 54.55 centavos per kilowatt-hour (kWh) of electricity this month (April) due to higher generation charge brought about by the summer heat.

Int’l watchdog says crime rate increasing faster than population   AN international human rights watchdog on Tuesday directly linked the Davao City killings to police and local officials saying that these officials are providing the training and armaments needed by the Davao Death Squad.

Three government agencies attest that there is no active faultline beneath the Bataan Nuclear Power Plant, or within the BNPP area, supporting claims that there is no danger in reviving the mothballed nuclear plant.

TOKYO: Developing nations in East Asia face a sharp slowdown in economic growth and a “painful surge” in unemployment that will prevent millions of people escaping poverty, the World Bank warned Tuesday.

The number of Filipinos without jobs is likely to worsen until 2010 as the domestic economy is seen to grow at a slower pace because of declining demand for export products, the World Bank warned on Tuesday.

Officials also eye cutsin economic targets   The World Bank on Tuesday downgraded the country’s economic growth this year to 1.9 percent because of weak remittances from overseas Filipino workers (OFWs) that could dampen consumer spending.

BERLIN: As demand booms for ever dwindling stockpiles of rare metals used in high-tech appliances, industries and countries are scrambling to secure their supplies, according to German research.

Survey finds preponderance of service companies   MAJORITY of privately held businesses in the country conduct relatively shorter planning periods compared with most firms around the world, according to an international business report.

Cebu distributors seek similar increase   THE Philippines’ largest electricity distributor jacked up its rates in its franchise, blaming the increase on rising temperatures that have driven up power consumption.

In a bid to hasten the solution of murders cases involving journalists, politicians and activists, Philippine National Police (PNP) chief Director General Jesus Verzosa yesterday ordered the activation of the PNP Task Force Usig’s regional units.

With just about a year to go before the 2010 presidential elections, Comelec and Congress still have some work to do to assure clean and honest elections.

OECD chief Angel Gurria said there were no countries left on the blacklist. The Organisation for Economic Co-operation and Development (OECD) has removed all four countries from its blacklist of tax havens.

Constitutional reforms, including the proposed shift to a unicameral parliamentary government, would make the Philippines stronger politically and economically, President Arroyo said yesterday.

MANILA, Philippines — Around the world, the general experience is that economic growth is accompanied by falling poverty. And nowhere has this been truer than in Asia, where data clearly show that poverty reduction associated with economic growth has actually been stronger than elsewhere in the world.

HONG KONG (Reuters) — Global car and truck sales will take more than a decade to recover to their 2007 peak as the sector faces a recession that’s likely to be deeper than in the 1970s and ’80s, auto industry author Graeme Maxton said on Tuesday.

MANILA, Philippines—(UPDATE) The growth rate of consumer prices eased in March, settling at 6.4 percent year-on-year from 7.3 percent in January, according to the National Statistics Office’s (NSO) latest report on inflation.

Starting this month, electricity costs will go up nationwide as a result of government regulators having allowed the National Power Corp. to provisionally adjust its basic charges.

MANILA, Philippines – Lawmakers are crossing party lines in an effort to amend the Juvenile Justice Law to make it more effective in reaching out to children in conflict with the law.

When Justice Ruben Reyes retired in January this year, he left more than a thousand (1159) unresolved cases. A month later, when it was Justice Adolf Azcuna’s turn to retire, he left a little over a thousand cases (1008), data from the Supreme Court show.

WASHINGTON—Sallie Mae on Monday announced plans to move 2,000 overseas jobs back to the United States from India and the Philippines, reversing a cost-savings measure the company took a year ago.

THE Department of Trade and Industry (DTI) is not receptive to the call of domestic industries to delay the full elimination of tariffs on intraregional trade, as mandated for 2010 by the Asean Free Trade Area-Common Effective Preferential Tariff (Afta-CEPT) scheme. The agency, however,  recognized that it remains a possibility, as it is still a…

One attends a meeting or seminar or a conference. One doesn’t attend to a meeting or seminar … … but a doctor attends to (treats) a patient. One participates in a seminar or a conference. One doesn’t participate to a seminar … … but one goes to a seminar. Action results in an outcome. Action…

MANILA, Philippines – Speaker Prospero Nograles continued to receive a low satisfaction rating among top government officials, excluding President Arroyo, a recent survey by the Social Weather Stations (SWS) revealed yesterday.

MANILA, Philippines – As the nation enters the Holy Week, Chief Justice Reynato Puno yesterday reiterated his call for a moral force and asked Filipinos to work together to combat widespread corruption in government.