CLARK – Over 121,000 Filipino workers have either lost their jobs or suffered pay cuts or reduced work loads because of the economic crisis, a government official said Sunday.

MANILA, Philippines – Some P50 billion worth of tourism investments, mostly hotels and resorts, would be opened in the country this year until 2010 despite the global economic crisis, according to President Arroyo.

MANILA, Philippines – Sen. Pia Cayetano called yesterday for a public apology from a top Hong Kong publication and one of its columnists for a racial slur against Filipinos over the country’s right to claim the Spratly Islands.

PARIS (Xinhua) — The head of the International Monetary Fund (IMF), Dominique Strauss-Kahn, said on Friday the world economy may need more stimulus in 2010, and governments should be prepared to do more.

MANILA, Philippines – The Asian Development Bank (ADB) said the Philippines is dealing with the global financial crisis better than most countries in the Asia Pacific region.

MANILA, Philippines – Four party-list lawmakers accused of being involved in the killings of three former rebels in Nueva Ecija have sought relief from the Supreme Court (SC) in the cases that they believe are part of their political persecution under the administration of President Arroyo.

Dear PAO, Please help me with my concerns: a. Our school has amended our Employees’ Manual under its Revised Retirement Plan. Retirement age is set at 60. However, the company may extend the services of an employee beyond retirement age in meritorious cases. 

The 4th World Health Tourism Congress closed on Saturday with the Tourism secretary’s aim, expressed last year when the Philippines won the honor to host this year’s congress, achieved.

The most stubborn kind of poverty is that passed down from generation to generation. The poorest Filipino households are those whose heads have the barest formal education—or none at all. And they transmit their poverty, as a kind of negative inheritance, to their children and grandchildren.

12,000 overseas workers laid off–Labor official The economic crisis has cost over 121,000 Filipino workers their jobs, pay cuts or reduced work loads, a government official said on Sunday.

CLARK Field, Pampanga: The business process outsourcing (BPO) industry is calling on the government to fast track the passage of bills aimed at advancing the interests of the sector amid a global economic slowdown.

TOP companies raised by a fifth the cash reward for their owners last year amid an economic slowdown that has seen more firms slash jobs.

Ethical road map for business leaders: Jon Huntsman’s new book Winners Never Cheat (Even in Difficult Times).

MANILA, Philippines – Trade Union Congress of the Philippines (TUCP), the country’s largest labor group, reported yesterday that they might defer plans to seek wage hike for minimum wage earners nationwide because of the global economic crisis.

Men may feel younger than their age, but their sperm isn’t fooled. Increasing age in men is associated with a number of significantly worse reproductive outcomes, according to several studies presented at the American Society for Reproductive Medicine annual meeting.

MANILA, Philippines – A congresswoman yesterday called on a Hong Kong magazine to apologize to the Philippine government for offensive and defamatory comments on Filipinos in an article on the country’s claim over the Spratly islands which China also claims.

MANILA, Philippines – The local tobacco industry continues to defy the economic odds for the second straight year, following reports of another bumper harvest and good prices this year which augurs well for the two million Filipinos dependent on this industry.

MANILA, Philippines – The National Tax Research Center (NTRC) of the Department of Finance (DOF) has thumbed down a proposal at the House of Representatives seeking to exempt from property tax the families of senior citizens.

MANILA, Philippines – MG Leasing Corp. (MGL), a joint venture between Japanese industrial giants Sumitomo Mitsui Finance and Leasing Corp. (SMFLC) and Marubeni Corp., is planning to invest in renewable energy projects in the Philippines.

HIGHER food prices in Asia and the Pacific pushed up the number of undernourished people in the region from 542 million in 2003 to 2005, to 583 million in 2007.

THREE global crises converged to threaten development in Asia and the Pacific in 2008: A Great Recession in developed countries, food and fuel price volatility and climate change calamities.

AS a result of continued inflows of remittances, the Philippines remain largely stable to render support for consumption demand, according to the 2009 Economic and Social Survey of Asia and the Pacific.

MANILA, Philippines – The Association of Southeast Asian Nations (ASEAN) does not have the political will and capacity to create a human rights court in the region because there are member states that are still getting acquainted with the real meaning of human rights and are just beginning to manage and internalize it in their…

MANILA, Philippines – Lots of jobs and other incentives await workers on Labor Day.

MANILA, Philippines – Jesus Is Lord (JIL) founder and evangelist Eduardo “Bro. Eddie” Villanueva will launch today a multi-sectoral organization and present its 25,000 “zero corruption army” in a bid to rid the country of corruption.

A non-governmental organization said yesterday that no Filipino company alone has the capacity to pursue the automation project for the local and national elections in 2010.

THE Philippines’ ranking on a global list of network-ready economies slipped four notches this year, according to the World Economic Forum (WEF).

STATE-RUN National Tax Research Center (NTRC) is bucking a congressional bill that proposes exempting from property tax the homes and land owned by senior citizens.

STATE-RUN Social Security System (SSS) said it sued delinquent employers for violations of the Social Security Law. In a statement, Romulo Neri, SSS president, said the pension fund brought to court 1,623 delinquent employers. Penalties include fines of up to P20,000 and a maximum imprisonment of 12 years.

THE Asia-Pacific region is not recession proof.