Monthly Archives: August 2009

S&P forecasts 1-1.5% growth for RP this year

Published by rudy Date posted on August 24, 2009

MANILA, Philippines – The Philippine economy is expected to expand anywhere between one percent and 1.5 percent this year, according to the latest forecast of international credit rating agency Standard & Poor’s (S&P).

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Hot money flowing back to RP – BSP official

Published by rudy Date posted on August 24, 2009

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) expects hot money flows or investments in foreign stocks, government securities and peso-denominated assets to continue pouring into the Philippines on the back of improving investor confidence.

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Property sector projected to grow slightly

Published by rudy Date posted on August 24, 2009

MANILA, Philippines – The country’s property sector is expected to post a slight growth this year despite the slowdown of most economies worldwide, international real estate firm CB Richard Ellis said.

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‘World emerging from deep slump, but can it last?’

Published by rudy Date posted on August 24, 2009

WASHINGTON — Turnabouts in European and Asian economies, along with recent gains in the US, are raising hopes that the worldwide recession is drawing to a close. That’s not to say the coast is clear.

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Asbestos inhalation a danger for firefighters

Published by rudy Date posted on August 23, 2009

In the line of duty, firefighters are exposed to fire, smoke and extreme heat. Asbestos exposure is another hazard they also face when fighting fires. When a fire breaks out in a building that contains asbestos or the building collapses, asbestos fibers can be released into the air. Firefighters generally wear air masks with self-contained…

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The Philippine Star Job Fair

Published by rudy Date posted on August 23, 2009

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OFWs defy ban for high pay in Afghanistan

Published by rudy Date posted on August 23, 2009

COMPENSATION at least four times bigger than that offered in the Middle East is enticing Filipinos to work in forward operating bases of the North Atlantic Treaty Organization (NATO) in Afghanistan despite the dangers and the ban on deploying them to the war-torn country.

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Oregon corporation fined following unlicensed asbestos removal

Published by rudy Date posted on August 23, 2009

Walla Walla, Oregon – The Tektoniks Corporation is facing a $2,400 fine after a botched asbestos removal project. The company received the fine after allegedly removing tile and flooring that contained asbestos without a license. This could have endangered many lives in the area. During the process of removing the asbestos-laden materials, many tiny asbestos…

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RP debt swells to P4.2 trillion under GMA

Published by rudy Date posted on August 22, 2009

MANILA, Philippines – The country’s debt has risen to P4.2 trillion during President Arroyo’s prolonged incumbency, surpassing the debts incurred by her predecessors, latest data from the Department of Finance show.

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World Bank study: Public-private partnerships making quality education accessible for all

Published by rudy Date posted on August 22, 2009

MANILA, Philippines – The responsibility of educating people has always fallen on the shoulders of governments across the globe because of the complexity of the task, but a new World Bank study shows that deepening partnerships with the private sector in the Philippines is becoming a reliable way of financing quality education and making it…

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PhilHealth woes blamed on lawmakers

Published by rudy Date posted on August 22, 2009

A LABOR group blamed lawmakers for the financial difficulties besetting the Philippine Health Insurance Corp. and called on the national government to save the state-run health care financier from becoming insolvent.

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Escudero caps credit card fees

Published by rudy Date posted on August 22, 2009

Banks and other financial companies will have to follow a 12-percent cap on interest rates on credit card payments under a bill that is nearing approval by the Senate.

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Thousands of tax cheats exposed

Published by rudy Date posted on August 22, 2009

MANILA, Philippines—About 13,400 corporate tax cheats have been exposed and penalized by the Bureau of Revenue over the last three years using data uncovered though a lottery partnership with publicly listed technology provider Philweb.com Inc.

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Labor groups protest maltreatment of Pinoy workers in Honolulu hotel

Published by rudy Date posted on August 22, 2009

Local labor groups on Thursday picketed the Makati City headquarters of the primary investor of a hotel in Honolulu accused of maltreating its workers, a majority of whom are Filipinos.

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US economy on track to recovery

Published by rudy Date posted on August 22, 2009

WASHINGTON, D.C.: A comprehensive recovery strategy by US President Barack Obama’s administration has steered the world’s largest economy from the brink of collapse, his economic pointman said Thursday.

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US mortgage delinquencies hit record high in second quarter

Published by rudy Date posted on August 22, 2009

WASHINGTON (AP) — With the recession throwing thousands of people out of work daily, more than 13 percent of American homeowners with a mortgage have fallen behind on their payments or are in foreclosure.

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Weak job market could hamper US recovery

Published by rudy Date posted on August 22, 2009

WASHINGTON (AP)- The job market is thawing at a snail’s pace, raising doubts about whether consumer spending will become vigorous enough to sustain an economic recovery anytime soon.

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Australia gives RP P123 million for climate change mitigation projects

Published by rudy Date posted on August 22, 2009

MANILA, Philippines – The Australian government donated yesterday P123 million to finance three new projects that aim to further strengthen the country’s capacity to mitigate and adapt to climate change.

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WHO warns nations to prepare for flu explosion

Published by rudy Date posted on August 22, 2009

BEIJING: World Health Organization chief Margaret Chan on Friday urged governments to prepare for a likely second wave of swine flu cases, cautioning they will face tough decisions on how to dispense vaccines.

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Treaty urges govt to protect indigenous peoples

Published by rudy Date posted on August 22, 2009

Human Rights commissioner says fighting in Mindanao has caused concern among United Nations experts A United Nations human rights treaty has urged the Philippines to protect indigenous peoples (IPs) from armed conflict, extrajudicial killings and discrimination, as the body examined the Philippines’ compliance with the international Convention on the Elimination of Racial Discrimination(CERD) .

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NPA rebels raid budget hotel in Bukidnon

Published by rudy Date posted on August 22, 2009

ZAMBOANGA CITY: Suspected communist rebels raided a budget hotel and restaurant in Bukidnon and seized weapons allegedly being used by hotel owners to threaten peasants.

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SMEntrepreneurs & women employees

Published by rudy Date posted on August 22, 2009

Most small and medium enterprises (SMEs) thrive on a mean and lean organization. They do not want to have a bloated organization because they cannot afford that fixed manpower cost.

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Tax agency shutters small firms due to delinquencies

Published by rudy Date posted on August 22, 2009

THE Bureau of Internal Revenue (BIR) said it shut the operations of 70 establishments, mostly small- and medium-sized enterprises (SMEs) nationwide, for failing to pay correct taxes.

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Comelec needs more protection from hackers, NSA officials say

Published by rudy Date posted on August 22, 2009

The National Security Agency (NSA) on Friday reported that as much as P2.5 billion was needed to protect the poll automation computers from hackers and other would-be saboteurs of the 2010 elections.

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Global economic index rises for second straight quarter

Published by rudy Date posted on August 22, 2009

PARIS – The world economic climate index rose significantly in the third quarter, its second consecutive increase resulting mainly from favorable future economic expectations but also from a slight improvement in the global economy.

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NorthWind to proceed with Cagayan wind power project

Published by rudy Date posted on August 22, 2009

MANILA, Philippines – Northpoint Wind Power Corp., a subsidiary of NorthWind Power Development Corp., is pushing through with its 40-megawatt wind power project in Aparri, Cagayan.

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Residential sector showing signs of recovery

Published by rudy Date posted on August 22, 2009

MANILA, Philippines – The residential sector is reportedly showing some signs of recovery after a sluggish first quarter, international property consultant Colliers International said.

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Asbestos water pipes are still in use?

Published by rudy Date posted on August 22, 2009

If there’s any truth to one of the many screaming banners that can now be seen in most of the strategic corners of BF Homes (Paranaque), then the developer and former water supplier of this biggest residential subdivision in the Philippines and perhaps in the region should not be allowed to revive its water distribution…

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Approval of Congress’ own witness protection program seen

Published by rudy Date posted on August 22, 2009

MANILA, Philippines – The Senate is expected to approve the proposed measures that would allow Congress to establish its own witness protection program and set up a reward system for whistleblowers against corrupt government officials.

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RP urged to enact law banning racial discrimination

Published by rudy Date posted on August 22, 2009

MANILA, Philippines – A United Nations body has urged the Philippines to enact a law banning discrimination based on race and ethnicity.

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Month – Workers’ month

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