Monthly Archives: October 2012

The world must make sure that girl children find their rightful places at home, school and, as they grow up, at work – on equal terms with boys. GENEVA (ILO News) – ILO Director-General Guy Ryder has called for a coherent set of measures to ensure that girl children around the world attain social justice…

MERCHANDISE exports took a dive in August — the weakest performance in eight months — weighed down by a strong peso and a sustained drop in outbound electronics shipments. Raw sugar exports mulledExports down by 9% in August’Sin’ tax bill criticizedCorn exports seen by yearendOutbound shipments pick up.

STANDARD & Poor’s (S&P) has hiked its Philippine growth forecasts for 2012 and 2013, but external threats may dent the country’s chances of getting an investment grade credit rating. The economy could grow by 4.9% this year and 5% next year, S&P yesterday said in a report, up from the 4.3% and 4.5%, respectively, that…

It’s more fun in the Philippines? A recent global study suggests otherwise, at least for people who have to live there. The country has a reputation as a happy place with friendly people, but the 2012 World Happiness Report ranks the country among the least happy, or 103rd out of 155 surveyed countries worldwide. The…

Foreign direct investment (FDI), the kind that stays for the long haul in the country and generates not just employment but taxes for the national coffers as well, almost doubled in the first seven months to $1.025 billion.

Ako Bicol Assails Comelec For Using Party-List As Test Case The Commission on Elections (Comelec) disqualified yesterday the Ako Bicol (AKB) party and 12 other party-list groups from participating in the May 2013 polls. Comelec Chairman Sixto Brillantes, in an interview, said they are denying the participation of AKB in next year’s polls mainly because…

Investors should double the amount of gold they hold as the value of paper currency diminishes along with the prospects for global economic growth, said a senior executive at Coutts, the private banking arm of Britain’s Royal Bank of Scotland.

The IMF prodded the world’s rich countries for swifter action on Thursday as Europe’s debt crisis drags on while the United States and Japan show scant progress handling their budget deficits.

BEIRUT — An official said Tuesday that an employee of Lebanon’s national airline MEA was fired after a passenger complained in a social media campaign that the worker humiliated travelers from the Philippines at the Beirut airport and told them over the loudspeaker, “Filipino people, stop talking.”

THE PHILIPPINES has garnered the standing as leader in the thriving BPO (business process outsourcing) sector. This steady route to progress has consequently provided for a substantial increase in employment opportunities for women workers. This has further shifted the paradigm of women’s role within the context of Philippine culture. The rise of the BPO has…

MANILA, Philippines – A slowdown in investments in China’s economy is seen to adversely affect exporters in Southeast Asia, including the Philippines, according to the International Monetary Fund (IMF).

MANILA – Fitch Ratings on Tuesday said clinching peace in Mindanao may boost investments in the area, but warned that any lasting contribution to the Philippine economy would depend on addressing the “weak overall investment climate and low fiscal revenue base.”

MANILA, Philippines – A Moro Islamic Liberation Front (MILF) official on Tuesday disclosed that they want a 75% share in the revenues that will be generated from the economic activities of the proposed Bangsamoro.

LOCAL output for the Philippines, measured as the gross domestic product this year and next, was seen flattening at 4.8 percent, according to the International Monetary Fund (IMF). In an originally embargoed statement, the IMF said growth for the $225-billion economy would prove flattish for 2012 and 2013 as the global economy succumbs to weaker-than-expected…

THE INTERNATIONAL Monetary Fund (IMF) has maintained its 2012 growth forecast for the Philippines amid a deteriorating global economic environment, choosing not to follow upgrades announced by two other multilateral lenders.

THE INTERNATIONAL Monetary Fund (IMF) announced that it is cutting its global economic forecasts once more. The IMF called the risks of a slowdown “alarmingly high,” primarily because of policy uncertainty in the United States and Europe. The IMF staff’s Global Projection Model (GPM) estimates suggest, that in 2013, recession probabilities are about 15% in…

The National Economic and Development Authority (Neda) is upbeat on the country’s economic prospects in the years ahead, expecting the Philippines to scale even greater heights.

The IMF said the eurozone crisis was the main cause of instability in the global financial system Continue reading the main story Risks to global financial stability have increased in the past six months despite efforts by policymakers to make the financial system safer, according to the International Monetary Fund.

PRESIDENT Aquino was asked on Monday to explain and account for the P3.77 billion of conditional cash-transfer (CCT) funds which government auditors found to be missing or unaccounted for in 2011.

The commitment of the Asian Development Bank to provide up to $1.8 billion until 2015 to help the Philippines achieve its development goals speaks highly of the success so far of the government initiatives to reduce poverty.

MANILA, Philippines – Step aside economic powerhouses of the past, and get ready to share the spotlight. In a special report, business news site Market Watch christened the Philippines and Indonesia as “the new tigers” or economies that have been overlooked in the past and are now “poised to drive future growth and grab more…

MANILA, Philippines – The Philippine government can increase the value of foreign direct investment (FDIs) in the country by creating a more competitive environment and by addressing barriers to investment such as corruption, an International Monetary Fund (IMF) official said.

The IMF said the ESM was key to tackling the debt crisis and restoring confidence Continue reading the main story The global economic recovery is weakening as government policies have failed to restore confidence, the International Monetary Fund has said.

The Philippine Supreme Court on Tuesday suspended implementation of the country’s anti-cybercrime law while it decides whether certain provisions violate civil liberties.

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The International Monetary Fundurged European policymakers to deepen the financial and fiscal ties within the euro area with some urgency to restore sagging confidence in the global financial system.

MANILA, Philippines – The passage of a measure that would rationalize fiscal incentives could help the Philippines achieve the much-awaited credit rating upgrade, the International Monetary Fund’s new resident representative for the Philippines said.

President Benigno Aquino on Sunday said the government had reached a preliminary peace agreement with the Moro Islamic Liberation Front (MILF) in a major breakthrough toward ending a decadeslong insurgency in the country’s impoverished south.

MANILA, Philippines – The government has reached a preliminary peace agreement with the Moro Islamic Liberation Front (MILF), with a new political entity called Bangsamoro to be created. The deal was seen as a major breakthrough in ending a decades-long separatist insurgency in Mindanao. President Aquino yesterday described the deal in a nationally televised announcement…

MANILA, Philippines – President Benigno Aquino III is expected to issue soon an executive order creating a transition commission that will craft a new law on the proposed Bangsamoro region.