Monthly Archives: March 2010

This is another case of dismissal based on loss of trust and confidence. It is the case of Art who started employment on November 2, 1982 as Quality Controller of Feeds in an agricultural company engaged in hog and cattle raising and corn milling (BFMI). By 1998 after almost 16 years of employment Art already…

There is no excerpt because this is a protected post.

There is no excerpt because this is a protected post.

If incoming Trade Secretary Jesli Lapus had his way, gift certificates should have no expiry date and airlines should be stopped from implementing a no-refund policy on their promos.

The screeching opposition came out crowing the other week over an observation by the President’s economic adviser, the redoubtable Governor Joey Salceda, that hunger has gone up from 11.4 percent in 2002—the year before President Arroyo took office—to 20.3 percent by 2009.

PRIVATE power distributors will lease diesel-powered generators to produce 200 megawatts of electricity a day in Mindanao to add to the grid, which has been producing less power than needed as a result of a drought, an official said Monday.

MANILA, Philippines – The Social Security System (SSS) expects to collect at least P3.9 billion in five years from employers who are delinquent in the payment of their employee contributions.

Here’s my list for the healthiest and locally-available fruits. Enjoy these super fruits for your health.

MANILA, Philippines—The US State Department has reported that extrajudicial killings remained a major problem in the Philippines last year and that security forces and insurgent groups were both responsible.

With the country suffering one of its longest stretches of power shortage since the 1990s, various quarters are pointing to nuclear power as a possible solution not only to make future electricity supply stable and secure but also to lower consumers’ electricity bills.

MANILA – Philippine regions with higher growth rates used remittances for development efficiently, a paper by a University of Santo Tomas economist finds.

TOKYO – Japan may lift work visa restrictions for foreign nurses and dentists, to help care for its fast-ageing and shrinking population, the government said Monday.

With Angat dam nearing its critical level, the state-run Metropolitan Waterworks Sewerage System (MWSS) has warned of a “double whammy” crisis in Metro Manila when the dam’s power component is privatized in April.

(Second of five parts) C. Reasons for privatization There exist many reasons for a country to privatize its assets but the following constitute the most common and compelling why many countries undertook or advocate privatization:

MANILA, Philippines – With more positive data favoring faster economic recovery, the World Bank is sticking to its 3.5 percent growth forecast for the Philippine economy this year despite the adverse impact of El Niño and government’s massive stimulus spending last year.

MANILA, Philippines – Money sent home by overseas Filipino workers (OFWs) surged by 8.5 percent to $1.372 billion in January or $107 million more than the $1.265 billion sent home in the same period last year, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

Can employees who already signed waivers and quitclaims later on still file a complaint for illegal dismissal? This is the issue raised in this case of Lina and her ten other co-employees (Lina’s group) in the machine and maintenance operations of a multi-national tire manufacturing company (GMC).

According to documents captured by the military, the CPP-NPA plans to raise between three to five billion pesos from collecting “permit to campaign” fees from politicians this election season. In which case, the Maoist insurgents aspire to be the single biggest campaign expense this year.

MANILA, Philippines – Malacañang reiterated yesterday that it would not stop the condom distribution program of the Department of Health (DOH), saying it is legal and consistent with public policy.

MANILA, Philippines – The Philippine National Police (PNP) yesterday admitted that there are human rights abuses in the organization but has assured the public that it is not tolerating such abuses and is now in the process of cleansing its ranks.

MANILA, Philippines – The Commission on Elections (Comelec) was asked yesterday to investigate six party-list groups for alleged links to President Arroyo.

MANILA, Philippines – An election watchdog group on Monday began its formal battle against purportedly bogus party-list groups by filing a complaint before the Commission on Elections (Comelec) against six groups it said were government fronts and were actually headed by administration figures.

RP’s 10 biggest banks post combined profits of P50b The 10 largest banks in the Philippines posted a combined net income of close to P50 billion last year amid the recovery of the global economy in the fourth quarter.

THE Export Development Council (EDC) will recommend the removal of the mandatory export requirement so that micro, small and medium enterprises (MSMEs) could also avail of perks granted to businesses that ship their products abroad.

What should electricity consumers believe of the brownouts, yellow and red alerts and invocation of emergency powers supposedly to address the power crisis?

MANILA, Philippines – Awash with dollars from $18 billion in overseas Filipino workers’ (OFW) remittances a year, the Philippine economy is now afflicted with the Dutch Disease, a malady that sees the decline of local industries, fuels an overvalued peso, makes exports costly and imports cheap and results in jobless growth.

MANILA, Philippines – The Board of Investments (BOI) is proposing to include the vertical mass housing component in the list of investments that will receive tax breaks from the government to spur the construction of more tenement style, low cost medium rise mass housing projects in Metro Manila.

THE government is using $8 million from the $19-million Global Fund grant to fight AIDS, tuberculosis and malaria to buy condoms from the United Nations, Health Secretary Esperanza Cabral said Sunday.

The term of Reynato Puno as Chief Justice of the Republic of the Philippines is coming to a close. Sill, true to his vision of expanding and upgrading the Filipino people’s access to justice, he led another summit on Friday, March 12—this time on family courts. Why a summit on family courts, one might ask.…

I have lately been asking fellow economists and other friends what they think to be the three most critical impediments to achieving high and inclusive (broadly beneficial) economic growth in the Philippines. The runaway winner in my little survey has been the new big, bad G word (no, not globalization; that was the old one):…