Monthly Archives: November 2009

MANILA, Philippines – President Arroyo has ordered the lifting of the price freeze on petroleum products and basic commodities, effective Monday, after making oil firms and traders promise to recover their losses on a staggered basis, stabilize prices and supply of goods, and put in more investments and programs for the poor.

A LEGAL test case over the death of a Clitheroe man could trigger millions of pounds worth of claims over asbestos-related deaths.

Members of the House of Representatives are calling on President Arroyo to sign into law the proposed Anti-Torture Act which was transmitted to Malacañang last Oct.13.

(Conclusion) 5.2. Procedures for filing application to operate an extension classes/academic program: 5.2.1 An HEI intending to offer an extension classes/academic program shall file its application, with the Office of the CHED Chairman through the Regional Office (CHEDRO), which has jurisdiction over the main campus one year prior to the intended operation of the program.

The local construction industry is banking on housing and commercial projects for growth this year as companies continue to expand nationwide, a Philippine Constructors Association Inc. (PCA) official said.

For at least 30 years, the main obstacle to developing small and medium enterprises (SMEs) has been access to capital, an officer of the Philippine Chamber of Commerce and Industry (PCCI) told The Manila Times Thursday. “The financial system is awash with liquidity, but the funds are not flowing to SMEs,” Francisco Floro, vice president…

A government task force has recommended the lifting of the controversial Executive Order 839 to President Gloria Arroyo, acting Justice Sec. Agnes Devanadera announced on Thursday. Devanadera said that the recommendation came after the Joint Department of Energy-Department of Justice (DOE-DOJ) Task Force on Oil Deregulation received on Wednesday night the assessment report from the…

MANILA, Philippines – Portfolio investments posted a net inflow of $328.3 million in the first 10 months of the year as foreign investors remained upbeat on the Philippine market, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

MANILA, Philippines – Vendors in Metro Manila can kiss loan sharks goodbye.

MANILA, Philippines – Aware of opposition to artificial contraception from groups including the Catholic Church, US Secretary of State Hillary Clinton said yesterday her government would leave it up to the Philippines to decide if it would accept Washington’s offer of assistance in promoting planned parenthood and reproductive rights.

MANILA, Philippines – The Department of Labor and Employment (DOLE) sees brighter employment opportunities for jobseekers nationwide with the onset of election fever.

MANILA, Philippines – The Department of Education (DepEd) said that it was seeing improvement from its efforts to improve English proficiency among public school students if students’ performance in achievement tests are to be considered.

MATI, Davao Oriental, Philippines — An early morning flight via Philippine Airlines brought the UNESCO Philippine NatCom team of 14 marine scientists and six secretariat personnel to Davao City. This is our 18th annual Marine Science Outreach Programme (2-6 November) organized by the National Committee on Marine Sciences (NCMS) to popular islands and coastal sites…

MANILA, Philippines – Almost a million Filipinos lost their jobs between the fourth quarter of 2008 and the first quarter of 2009, the peak of the prevailing global financial crisis, the Asian Development Bank (ADB) said in a report.

MANILA, Philippines – President Arroyo has instructed Energy Secretary Angelo Reyes to address the problems facing the oil industry and to avert any fuel shortage in the market.

JEEPNEY transport groups yesterday criticized stricter requirements for vehicle registration as an added burden to operators and drivers, amounting to phasing out an entire sector.

MANILA, Philippines—At least 50,000 information technology (IT) people are needed for the automated elections in May, the Commission on Elections (Comelec) announced Tuesday.

MANILA, Philippines—Warning of food riots and a stagnating economy should a fuel shortage occur because oil firms were not importing new stocks, three senior senators on Tuesday urged President Gloria Macapagal-Arroyo to take over the oil industry.

Says meltdown had little effect on Philippines MANILA, Philippines—The global financial meltdown resulted in the loss of 950,000 jobs in the country between October 2008 and March 2009, the Asian Development Bank said in the paper, “How has Asia fared in the global crisis? A tale of three countries: Republic of Korea, Philippines, and Thailand.”

Export receipts dived 18.3 percent from a year earlier to $3.63 billion in September to mark the 11 straight months of double-digit contraction as sales of electronics products remained weak, government data released yesterday showed.

WAY back in the 14th century, the Arabs began teaching the world the “serious” enjoyment of coffee.

Insists chrysotile asbestos is safe Manila, Philippines – The IARC (International Agency for Research on Cancer) study in March 2009 reconfirming the carcinogenicity of all forms of asbestos – including chrysotile – and confirming that there is sufficient evidence that asbestos causes ovarian cancer provides the ‘new evidence’ and ‘scientific reality’ on the issue, replied…

Credit card use, auto loans rise amid weak business credit take-up BANKS extended loans to the business sector at a slower pace in September, but an uptick in borrowings by households kept overall lending growth steady from August. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the outstanding loans of universal and commercial…

PNOC ready to supply fuel if need arises Officials said Tuesday that they were considering lifting price controls on oil products after Energy Sec. Angelo Reyes warned that the typhoon-ravaged country could end up running out of fuel within weeks, if not days.

The twin typhoons that recently hit the Philippines were the costliest storms recorded in more than six decades, cutting economic growth by 0.4 percentage point in the second half of the year, according to the National Statistical Coordination Board.

Susan McCarthy, a financial adviser in Oklahoma City and author of The Value of Money, lists her top four credit card don’ts:

In illegal dismissal cases, one of the employer’s usual defenses is that there is no dismissal but that the employee abandoned his job. This is illustrated in this case of Willy, the owner of a moviehouse who even advanced the argument that his burden of proving the validity of the dismissal of his employee only…

WASHINGTON – The Philippines received a poor report card from the US Millennium Challenge Corp. (MCC) this year but so did everyone else, some faring worse than others.

MANILA, Philippines – The National Economic and Development Authority (NEDA) expects the economy to recover next year now that most of the major economies, including the United States have started registering positive growth again.

MANILA, Philippines – Against the backdrop of a global economy weakened by recession, remittance inflows to developing countries are seen to drop six percent in 2009, a recent World Bank study said.