Monthly Archives: February 2011

MANILA, Philippines –  With consumption, government spending and exports already making significant contribution to growth, the government said it is adopting more measures to spur investment in a bid to move the country to a higher, broad-based and sustainable growth path.

Valentine’s Day is supposed to be the day of “lovers”. It has always been associated with the word “love” as symbolized by the heart. Hence this is the day when cards containing attractive and beautiful replica of the heart, or red roses that resembles the shape and color of the heart, or heart- shaped cakes…

THERE are about 22.8 million Filipinos travel within the country, the 2009 Household Survey on Domestic Visitors conducted by the National Statistics Office and Department of Tourism (DOT) revealed on Friday.

TACLOBAN CITY, Philippines—The Department of Health’s regional office in Eastern Visayas, DoH-8, has recorded four new cases of human immunodeficiency virus (HIV) infection in the region.

One sensitive subject that managers must have to deal with is their workers’ request for a pay increase. This becomes doubly difficult, like when you’re confronted by a high-flying associate whom you cannot afford to lose.

DESPITE THE NEED to look beyond hydro power as a source of electricity for Mindanao, there is just not enough demand on the island to justify the cost of building a nuclear plant there, the top executive of a major power producer told reporters late last week.

MANILA, Philippines (PNA) – The Department of Interior and Local Government (DILG) said on Sunday it has mobilized the country’s more than 42,000 barangays in the government’s effort to plant a billion trees nationwide during the Philippine Arbor Day celebration on June 25, this year.

MANILA, Philippines – The ground crew union and management of local carrier Philippine Airilnes (PAL) have agreed to consider a partial settlement of their disputes before the Office of the President hands down its decision over the year-long labor row.

UNITED NATIONS – Hundreds of thousands of protesters have thronged public squares; slogans have been chanted, banners waved and security forces cowed into inaction; the reviled despot has stepped down or fled abroad.

Filipino consumers will continue to save in anticipation of the proverbial rainy day as the country’s real interest rate remains positive, the Bangko Sentral ng Pilipinas (BSP) said this weekend.

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) sees the peso strengthening further, revising its foreign exchange rate assumption to a range of P42 to P45 to $1 due to the continued appreciation of the local currency against the greenback.

MANILA, Philippines – The Department of Agriculture (DA) will push for the creation of agro-industrial plantations through the Convergence Initiative rather than supporting calls from the private sector for an amendment of the Comprehensive Agrarian Reform Program (CARP).

THE Department of Trade and Industry (DTI) warned of higher prices of various basic necessities and prime commodities amid the unabated increase in global demand and prices.

PRESIDENT Benigno Aquino 3rd on Thursday issued an order standardizing salaries and bonuses of executives of government-owned and -controlled corporations (GOCCs) and government financial institutions (GFIs).

MANILA, Philippines –  President Aquino issued an executive order yesterday capping the salaries and incentives of top officials of government-owned and controlled corporations (GOCCs) and government financing institutions (GFIs).

MANILA, Philippines –  Looks are good but we need cash. This seems to be true for a majority of Filipino women who prefer to marry for money rather than looks, according to a survey by the Social Weather Stations (SWS) released yesterday.

A buyer’s market is a situation where there appears a bountiful supply of the commodity, and as a result the price tends to become lower. When economists however start using that term, they are not referring to all the commodities in the market to acknowledge the indefeasibility of the law of supply and demand, but…

President Benigno Aquino III has signed an executive order banning Cabinet and other government officials sitting in the boards of government-owned or -controlled corporations and government financial institutions from receiving salaries and any other form of compensation from those institutions.

MANILA, Philippines—(UPDATE 3) The government has approved the new rates for Metro Manila’s train lines, which will take effect by the first week of March.

The Supreme Court (SC) has upheld the power of jeepney owners/operators to suspend their drivers who repeatedly fail to pay their “boundary.”

At the start of the month, the Catholic Bishops’ Conference of the Philippines issued a strong statement reiterating its stand against the Reproductive Health bill currently up for discussion by the Lower House representatives.

The IMF ignored warnings about the financial crisis from its own top economist and acted like cheerleader for the US economy rather than monitoring it, according to a scathing watchdog report published Wednesday.

MANILA, Philippines (Xinhua) – The Banko Sentral ng Pilipinas today has decided to keep its low interest rate environment as inflation remains at a manageable level.

MANILA, Philippines –  The Philippine Overseas Employment Administration (POEA) will require all overseas Filipino workers to submit their exit clearance for validation before leaving the country.

MANILA, Philippines –  Seventeen Filipinos are among the crewmembers of a Greek-flagged supertanker captured by Somali pirates off the coast of Oman on Wednesday.

THE Philippine central bank on Thursday maintained its key interest rates at record lows, but raised its inflation forecast for this year way past the mid-point of its target range on expectations that demand-side price pressures could develop in the near future.

MANILA, Philippines –  The Department of Trade and Industry (DTI) reported yesterday that prices of some basic food products including canned meat and noodles have gone up by as much as 10 percent, while the prices of bread and flour are also expected to increase.

A friend was visiting from Washington. He’d first been here in 2001 scouting around for where to put a call center. It was to be India or the Philippines. “Americans just wouldn’t fit in in India; here they’d be right at home”. So the Philippines was it. He established a call center here with 150…

MANILA, Philippines – Recognizing that child sexual abuse and exploitation are social realities in our country and constitute two of the most severe violations against the rights of children, Presidential Proclamation No. 731 issued February 5, 1996 has declared the second week of February every year as National Awareness Week for the Prevention of Child…

President Aquino’s decision to drop the Responsible Parenthood (RP) bill from his list of priority legislative agenda for the first Legislative Executive Development Advisory Council (Ledac) he would convene is not an act of betrayal to the women’s groups, Malacañang implied yesterday.