Monthly Archives: July 2011

MANILA, Philippines — There’s one out of 12 in the world. In the Philippines, there’s one of 10. That’s the number of people who carry hepatitis B surface antigen (HBsAg), a potentially life-threatening liver infection hyperendemic in the country. The sad part is, despite the figures, it’s not as “popular” as say HIV or AIDS…

MANILA, Philippines — Eyeing Mindanao as the future hub of the successful and influential techno-preneurs in the Philippines, the Technical Education and Skills Development Authority (TESDA) has joined hands with the Mindanao Technical Vocational Education and Training (MinTVET) Association to help pave the path of opportunities for budding techno-preneurs.

EXPORTS allowed the Asia-Pacific region to avoid the worst of the global financial crisis but growth is not expected to be sustained given the continued weakness of traditional developed markets, a United Nations agency said.

The Inquirer looks back at the promises President Benigno Aquino III made to the Filipino people during his campaign for the presidency, in his Inaugural Address on June 30, 2010 and in his first State of the Nation Address (Sona) a month after.

MANILA, Philippines — Eyeing Mindanao as the future hub of the successful and influential techno-preneurs in the Philippines, the Technical Education and Skills Development Authority (TESDA) has joined hands with the Mindanao Technical Vocational Education and Training (MinTVET) Association to help pave the path of opportunities for budding techno-preneurs. TESDA Director General Joel Villanueva said…

RECOGNIZED as the top destination for voice contact center business, the Philippines must take advantage of the stronger projected growth in the non-voice sector to expand its share in the global business process outsourcing market, an industry leader said.

THE Bangko Sentral ng Pilipinas has tightened the rules of the Truth in Lending Act to increase bank transparency and disclosure practices and protect consumers. The policy-making Monetary Board, through MB Resolution 1018 dated July 7, 2011, approved the updated rules implementing the law.

MANILA, Philippines – The bad loans ratio of universal and commercial banks fell to its lowest level since the Asian financial crisis battered major economies in the region, including the Philippines, in 1997 as the industry’s total loan portfolio grew while non-performing loans declined on the back of the country’s resilient economy, the Bangko Sentral…

MANILA, Philippines – Saudi Arabia has virtually extended the stay of overseas Filipino workers (OFWs) facing displacement because of the implementation of its new hiring policy, local recruiters said yesterday.

ILOILO CITY, July 24 (PIA) — Department of Labor and Employment OIC-Regional Director Crispin Dannug has urged employers in Western Visayas to to make sure that Wage Order No. 19, which took effect last July 15 this year, is implemented.

The word “Aquinomics” has gained some popularity among people who think and talk economy, business and finance since former Economic Planning Secretary Cielito Habito used it in an opinion article last month. He said it’s two things: the rise in total private investment even as foreign investment and government spending drop, and (related to the…

MANILA, Philippines – Investors laud President Aquino’s anti-corruption and good governance campaigns to plug the holes in the tax system and cut waste in the national budget. But while these have generated gains and savings for government — as evidenced by the improved fiscal situation — the same are blamed in part for the slowdown…

MANILA, Philippines – Consumers may have to pay higher power bills within the next three months once the Energy Regulatory Commission (ERC) approves the universal charge (UC) application of the Power Sector Assets and Liabilities Management Corp. (PSALM).

MANILA, Philippines – The government intends to pursue the development and promotion of “Brand Philippines” that aims to also promote the country as producer and supplier of quality world-class products and services.

Globe Telecom was named one of the top five Philippine companies by international research and advisory firm RepuTex for outstanding sustainability initiatives and corporate governance policies.

School owners or administrators are facing penalty if found guilty of prohibiting students with delinquent tuition to take the mid-term or final examinations.

MANILA, Philippines – A multinational risk consultancy firm claimed that cybercrime would continue to pose a threat to business and individuals in the Philippines if lawmakers do not address it.

MANILA, Philippines – Beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps) believe that access to a regular job rather than conditional cash assistance would help them rise from poverty, a recent study by Social Watch Philippines (SWP) showed.

MANILA, Philippines – The government is standing by its order in 2005 for the distribution of land, not shares of stocks, to farmer-beneficiaries of Hacienda Luisita, the sugar estate owned by President Aquino’s family in Tarlac.

The issue of the non-release of the Priority Development Assistance Fund (PDAF) to some members of the House of Representatives is getting out of control as Navotas Rep. Toby Tiangco yesterday challenged Budget and Management Secretary Florencio “Butch” Abad and presidential spokesman Edwin Lacierda to be man enough to own up responsibility over the pork…

MANILA, Philippines – Migration analysts are recommending a different tack for negotiating better terms for Filipino domestic workers with host countries.

BAGUIO CITY: Baguio-La Trinidad-Itogon-Sablan-Tuba-Tublay or BLIST should be taken as a complete unit to address over-population and map out the city’s plans to adapt to climate change.

WITH the much needed push, Mindanao could become hub of the Philippines’ version of Bill Gates, Steve Jobs, Sergey Brin and other successful and influential technopreneurs.

If most Filipinos find it hard and laborious to visit libraries to read books and other materials, then “let’s bring libraries closer to our people,” Camarines Sur Rep. Diosdado “Dato” Macapagal Arroyo said.

President Benigno Aquino addresses students and government workers in Manila on June 30, 2011, at a ceremony marking his first year in office. Aquino said he was on track to rid the country of corruption and bring economic development despite his falling popularity ratings.

The Department of Labor and Employment (DOLE), in partnership with labor groups and “green” advocates, have launched a “green” website aimed at generating awareness on green jobs in the workplace.

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The Housing and Land Use Regulatory Board (HLURB) had approved new rules of procedure to fast-track the resolution of cases involving housing developers and home buyers as well as conflicts within homeowners associations, Vice President and housing czar Jejomar Binay said.

A total of 178 new human immunodeficiency virus (HIV) cases were diagnosed in the Philippines in June, an increase of 63 percent compared to the 109 reported in the same month last year.

Manila, Philippines – The Government Service Insurance System (GSIS) is extending emergency loan assistance to eligible members residing in flood-hit areas in Mindanao and in some provinces in the north.