Monthly Archives: October 2009

CEBU, Philippines – The Regional Tripartite Wage and Productively Board has decided to refer back to the Cebu Labor Coalition the latter’s petition for a wage hike owing to some technical requirements that the labor group reportedly failed to comply.

The past five years have brought discovery and advancement in all aspects of breast cancer. More importantly, these advances have resulted in not only better diagnosis and treatment but more individualized care as well. There’s no longer a one-treatment-fits-all approach to breast cancer. Instead, a team of doctors from various specialties is able to work…

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) is giving rural banks at least one year reprieve to comply with stricter regulations in meeting capitalization requirements.

MANILA, Philippines – Foreign direct investments (FDIs) breached the $1-billion mark in the first seven months of this year, rising by 33.8 percent to $1.239 billion from $926 million in the same period last year.

MANILA, Philippines – Italian Ambassador to the Philippines Rubens Fedele dubbed as misleading the article that came out in The STAR’s issue last Saturday, Oct. 10, titled “Italians define ‘Filippina’ as ‘cleaning woman’.”

MANILA, Philippines – The Philippines dropped from 48th to 50th in ranking among 55 of the world’s leading financial systems and capital markets, according to the World Economic Forum Financial Development Report 2009.

MANILA, Philippines – Health officials warned the public yesterday of an increase in cases of leptospirosis and other water-borne diseases in calamity areas that are still flooded after Luzon was ravaged by tropical storm “Ondoy” and typhoon “Pepeng” in the past two weeks.

MANILA, Philippines –  State-run pension funds, which have been swamped with loan applications after the destruction brought by two killer typhoons, are now bending over backwards in an effort to service the growing number of claims.

This headline may come as a bit of a surprise, so too might that fact that the warmest year recorded globally was not in 2008 or 2007, but in 1998. But it is true. For the last 11 years we have not observed any increase in global temperatures.

AN environment group on Monday blamed the government for the “miserable implementation” of the Ecological Solid Waste Management Act, making the country vulnerable to serious problems brought about by perennial flooding during heavy rains as what Metro Manila experienced when Typhoon Ondoy hit the country last month.

NEGROS-based groups on Monday condemned the alleged human-rights violation committed by members of the Communist Party of the Philippines-New People’s Army (NPA), who are reportedly targeting unarmed civilians.

Manufacturers of construction materials want the Department of Trade and Industry (DTI) to clarify whether the price ceiling on their products should be based on the average prices in the last three months, or on the prices just before the state of calamity was declared. Jesus Arranza, Federation of Philippine Industries president, said that manufacturers…

WASHINGTON, D.C.: The International Monetary Fund (IMF), rising from villain to savior through the fires of the global economic crisis, faces steep hurdles in trying to transform into the champion of the new world order. The IMF’s annual meetings with the World Bank in Istanbul last week showcased the newfound punching weight of the major…

To help members, especially those hit by tropical storm “Ondoy,” get back on their feet, the Government Service Insurance System (GSIS) has said it will give borrowers of housing and consolidated loans the chance to hold off monthly payments for one year.

MANILA, Philippines – Moody’s Economy.com, the economic research and analysis arm of New York-based credit-rating firm Moody’s Investors Service, said the impact of tropical storm Ondoy (international name: Ketsana) and typhoon Pepeng (Parma) on the country’s domestic output is minimal.

MANILA, Philippines – State-run Home Guaranty Corp. (HGC) is allotting at least 3,000 residential units, mostly sequestered assets, for victims of the two typhoons that recently battered the country.

MANILA, Philippines – The Government Service Insurance System (GSIS), the state-owned pension fund for employees in the public sector, is giving borrowers of housing and consolidated loans the chance to hold off monthly payments for one year.

MANILA, Philippines – The Economist Intelligence Unit (EIU), the business information arm of The Economist Group, ranked the Philippines third overall worldwide in terms of microfinance business environment.

CLARK FREEPORT, Philippines — Labor Secretary Marianito Roque has ordered emergency employment of workers in areas hit by storm “Ondoy” and typhoon “Pepeng.”

DUBAI – ECONOMIC growth of Gulf Arab oil exporters is set to slow to 0.7 per cent this year but will rebound in 2010 to grow by 5.2 per cent on rising oil revenue, the International Monetary Fund said on Sunday.

VEHICLE assemblers and parts makers are pushing to extend up to 2013 the tariff cover under the Japan Philippines Economic Partnership Agreement in parallel moves to protect the automotive industry from being displaced by Japanese imports.

THE 3-percent interest rate that local credit card companies charge their cardholders is “excessive and unconscionable,” the Supreme Court has ruled.

What do the Jesus is Lord Movement, the Iglesia Ni Cristo, the Office of Muslim Affairs, the Council of Christian Bishops of the Philippines, the Philippine Council of Evangelical Churches, the Philippines for Jesus Movement, the United Church of Christ in the Philippines, the International Bible Society, the Christian and Missionary Alliance Churches of the…

IF YOU bring your flood-damaged car to a dealership today, chances are it will be worked on next year, according to Toyota Marikina.

MANILA, Philippines – Businesses have lost up to P1 billion because of the devastation caused by tropical storm “Ondoy,” according to the Philippine Chamber of Commerce and Industry.

PARIS, Oct 09, 2009 (AFP) – Oil demand is firming but the global market is still weak, riven by doubts over how a groggy recovery from the global crisis will affect energy consumption next year, the IEA said on Friday.

MANILA, Philippines – The non-performing loans (NPL) ratio of universal and commercial banks was practically unchanged at 3.50 percent in August from 3.49 percent in July, well below the 3.90 percent ratio over the same month in 2008.

Jakarta (ANTARA News) – ASEAN`s secretary general has called on the global community to act immediately on climate change issues to save the planet from irreversible damage due to global warming.

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