Monthly Archives: April 2009

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.

DAVAO CITY, Philippines–Business Process Outsourcing (BPO) companies and tourism in Mindanao were expected to bring in revenues of more than US$10 million by the end of 2009, a projection made by the Department of Trade and Industry (DTI) showed.

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.

MANILA, Philippines – Employment opportunities for Filipino professionals in the United States of America seem to be getting bleaker.

MANILA, Philippines – Consumers are still buying appliances despite the economic crisis but their purchases have shifted to cheaper brands and more cost-efficient products, Automatic Appliances Inc. president Samie Lim said.

BAYOMBONG, Nueva Vizcaya, Philippines – Sexual abuse charges have been filed against a 50-year-old school head of a government institution for allegedly molesting two graduating high school students in northernmost Cagayan province.

MANILA, Philippines – The Municipal Trial Court in Rosario, Cavite has ordered the arrest of 33 militant leaders for charges of grave coercion, including direct assault upon agents or persons in authority, according to Merly Grafe, chairperson of the Solidarity of Cavite Workers (SCW).

A flatoxin in pistachios? Are you nuts? In a nutshell, this is how pistachios — those expensive nuts with greenish kernels that our dear thoughtful relatives abroad bother to send us by the bushels via balikbayan box — may get contaminated by aflatoxin: The pistachio shell is enclosed in a protective hull. A month or…

MANILA, Philippines – Dr. Michael Eades in his article “Meat and mortality” said, “The news is abuzz with reports of the latest study to come out showing that eating meat, especially red meat, kills us off before our time.”

Study says poverty threshold rose MORE than two million Filipinos fell below the country’s poverty threshold because of the increases in the prices of rice and fuel, according to a government think tank.

Among top government officials, Filipinos are satisfied with Vice-President Noli de Castro the most, according to the latest Social Weather Stations (SWS) survey done in the first quarter of 2009.

The eurozone economy shrank more than previously estimated in the last three months of 2008, official figures say.

The government provided 75,000 jobs for unemployed Filipinos during the first quarter of the year under the Comprehensive Livelihood and Emergency Employment Program (CLEEP), an official said Monday.

With the United States still feeling the pinch of the global financial crisis, two American senators are seeking to limit the number of foreign information-technology professionals entering the country through the H1-B visa program, an advisory on the senators’ websites said.

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Bankruptcies are soaring in the US and UK. With jobs increasing hard to find, the Downturn Pushes More Toward Bankruptcy.

MANILA, Philippines – It’s all about the 3Cs — and what the consumers really, really want.

WASHINGTON: From the ashes of global prosperity the International Monetary Fund emerged this week as the bulwark against the economic crisis, its  role and finances heavily bolstered by world leaders.

MANILA, Philippines – The Department of Finance (DOF) warned against the negative impact of income tax holidays granted to foreign and local investors.

MANILA, Philippines – The Civil Service Commission (CSC) has formally charged the board of regents of the Technological University of the Philippines with indirect contempt for refusing to execute an order suspending its president, who is facing a sexual harassment case.

FOR fear of losing their jobs abroad, more Filipinos working overseas have cancelled orders here for new homes and cars and will send less money for their amortization, a major trade union group said yesterday.