MANILA, Philippines – Amending the economic provisions of the Constitution might just delay economic progress, according to President Aquino. “Changing the Constitution changes the rules of the game which might only delay the progress,” he said.
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Manila, Philippines – Foreign portfolio investments – also called “hot money” for the ease with which they enter and exit economies – posted a net outflow last month as uncertainties in Europe resulted into risk aversion, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Manila, Philippines – The 2nd Philippine Retirement and Healthcare Summit held at the Dusit Thani Hotel Grand Ballroom on June 26 indicated that the Philippine Retirement and Ageing Agenda mapped out by the Philippine Retirement Authority is on the right track.
The Teachers’ Dignity Coalition (TDC) challenged President Aquino to take action on several bills for teachers’ compensation pending before the houses of Congress. Benjo Basas, the group’s chairman said “this is the high time to discuss the pending bills on teachers’ salaries and this is far more important than the proposed K+12 program of the…
MANILA, Philippines – The Philippine Drug Enforcement Agency (PDEA) expressed concern yesterday over the increasing number of women who are getting involved in illegal drug activities. Allegedly, more and more women are being arrested, particularly for drug pushing as evidenced by the 213 women who were nabbed nationwide during the last six months.
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ABOUT 100 delegates from the government sector, non-government organizations and sugar industry stakeholders gather Thursday at the L ‘Fisher Hotel in Bacolod City to address the issue of child labor in the sugar industry.
A concerted government and private sector effort is needed to put a stop to child labor in Western Visayas, which has the third highest number in the Philippines, a Department of Interior and Local Government official said yesterday.
MANILA, Philippines – The Philippine economy could still grow by five percent to six percent this year despite the difficult global environment, the country’s economic planning chief said yesterday.
MANILA, Philippines – Public school teachers want the Aquino administration to further hike their pay instead of pushing ahead with the implementation of the Department of Education’s ambitious K (Kindergarten) to 12 basic education curriculum (BEC) reform program that will add two years of senior high school in 2016.
MANILA, Philippines – President Aquino has remained firm in his stand against introducing amendments to the 1987 Constitution but nevertheless expressed willingness to listen to the wisdom of Senate President Juan Ponce Enrile and Speaker Feliciano Belmonte Jr.
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The Department of Transportation and Commu-nications (DoTC) is reviewing and not canceling the franchise of the country’s formerly biggest bus companies, the defunct Pantranco North Express Inc., an official of the agency assured the bus firm’s former employees who expressed worries over the claims of some bus operators that Pantranco’s franchise was already canceled or…
Provisions in President Aquino’s recently released Executive Order (EO) that seeks to increase taxes on the mining sector and extend a ban on new permits may deter investors, the country’s biggest foreign trade group said. The Joint Foreign Chambers (JFC) in a statement said EO 79 that fleshes out mining policy, details of which were…
Despite all Malacañang’s spins and excuses, the administration’s own data showed a high level of poverty and hunger, with the incidence of involuntary hunger shown in the Cabinet’s anti-poverty cluster’s commissioned survey hitting a record-high 23.8 percent in March.
PHNOM PENH, Cambodia – The Philippines and the European Union (EU) signed a landmark treaty on Wednesday, July 11, that will pave the way for a full-scale free trade agreement between the two countries. The Partnership Cooperation Agreement (PCA) provides legal basis for Manila and EU states and territories to cooperate in a wide range…
MANILA, Philippines – The country’s new mining policy will ensure an equitable share in revenues for local government units (LGUs) as well as give them a voice in the soon-to-be-formed council that will prepare the implementing rules and regulations for Executive Order 79 which seeks to give the industry a clearer direction. The council is…
The Cebuana Lhuiller Pawnshop’s Pera Padala is still the preferred money remittances service of Filipinos worldwide. With over 1,400 Cebuana Lhuiller Pawnshop branches nationwide, it offers convenient, fast and reliable money remittance service for Filipinos.
Here is a portion of a report on a survey of education done in 2001 by the RAND Corporation: “RAND’s analysis identified key system strengths and weaknesses, most of which were already well-known. A key problem was the rigidity of the Department of Education, whose insular, bureaucratic structure discouraged innovation and limited communication both within…
A month ago, the UNA (United Nationalist Alliance) looked like they’ll be dominating the 2013 senatorial elections. Recent developments, a good part of it the making of UNA itself, would now indicate that the administration’s coalition will win more seats.
BRUISED VETERAN: As a taxpayer who drives on EDSA daily — and has been bumped and bruised a number of times — I claim vested rights to comment on how this 23.8-kilometer highway arching around the megacity is being mismanaged.
The Supreme Court (SC) has dismissed a suit filed by the Philippine Economic Zone Authority (Peza) against the Commission on Audit (CoA) in connection with the latter’s decision to disallow more than P5 million in per diem allowances sought by ex-officio members of the Peza board of directors.
In so short a time, the Corona-less Supreme Court (SC) appears to have quickly become an Aquino court, with the high court, led by acting Chief Justice Antonio Carpio calling for a special en banc session to reverse its status quo ante (SQA) order issued in less than 24 hours.
After 21 years as Secretary General of the National Statistical Coordination Board (NSCB), Romulo “Romy” A. Virola has hung up his spurs, so to speak, having reached age 65 and therefore forced to retire, per government fiat. His retirement is not only a loss to the NSCB and the Philippine Statistical System (PSS) but also…
WASHINGTON DC – Cash remittances sent home by migrants, a major part of developing world revenue, have grown faster than expected despite the world financial crisis, the World Bank said Tuesday.
A useful principle to remember in governance is the aphorism “The enemy of the good is the perfect.” President Aquino could have waited another six months, maybe a year, and perhaps issued a better executive order on mining. He could have conducted another set of consultations with stakeholders and delayed releasing Executive Order No. 79.
PARIS — Signs are growing that Europe’s economic and monetary union may be fragmenting faster than policymakers can repair it. Euro zone leaders agreed in principle on June 29 to establish a joint banking supervisor for the 17-nation single currency area, based on the European Central Bank (ECB), although most of the crucial details remain…
Despite exports posting a 17-month high toward the middle of the year, the National Economic and Development Authority (Neda) and some economists expressed concern that the appreciation of the peso and the global slump in electronics may still threaten export growth in the coming months.
MANILA, Philippines – A key Cabinet member hinted yesterday that President Aquino is still not keen on proposals to introduce amendments to the 1987 Constitution, but nonetheless stressed that this can be discussed in the Legislative-Executive Development Advisory Council (Ledac).
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