President Arroyo ordered yesterday the reduction of the tariff on petroleum imports in an effort to ease the impact of record-high global crude prices on the local economy, particularly on poor Filipinos.
President Arroyo has lined up a number of directives aimed at providing relief to the masses from the rising cost of oil in the world market.
Philippine auto industry breaches the 100,000th unit mark, posting its best figures in a decade
The peso broke into the 40-to-$1 territory for the first time since March 2000, briefly hitting an intra-day high of 40.99 before closing at 41 to a dollar.
A year-long study conducted by a stakeholder relations firm showed many Filipinos now consider renewable energy development as the solution to the swelling global prices of fuel and other petroleum products.
2007 is likely to be a banner year for the economy. After last year’s respectable 5.4 percent, gross domestic product (GDP) should grow by between 6.9 percent and 7.3 percent—a 20-year record. The surge should continue in 2008 (6.4 percent to 6.7 percent) and peak in 2009, when Citigroup projects GDP to expand by as…
Sugar industry leaders in the country yesterday called for a review of the Comprehensive Agrarian Reform Program (CARP), as it criticized its “inherent flaws” which, they claimed, even defeats its noble purpose of liberating farmers from the bondage of tenancy.
The local auto industry may experience a flat growth in terms of sales this year as a result of the expected drop in demand due to the global economic slowdown.
How many undersecretaries and assistant secretaries does it take to run a government?
In the name of the riding public, retrenched employees of the Philippine National Construction Corp. (PNCC) sought a court order to stop a foreign-owned firm from operating the Skyway.
THE Philippines runs the risk of losing jobs to low-wage countries because of a strong peso, according to an economist from the University of Asia and the Pacific (UA&P).
Malacañang is working hard to uphold human rights in the Philippines under the watch of President Gloria Arroyo.
THE Philippine car industry has yet to recover from the Asian financial crisis as it still faces weak domestic demand and competition from used imported vehicles, the Philippine Institute for Development Studies (PIDS) said.
The National Government (NG) has raised its privatization target for 2008 as it expects to fetch better-than-expected prices for the assets on the pipeline.
The Japan-Philippines Economic Partnership Agreement is expected to cost the national coffers as much as P4.75 billion in the first year of its implementation, according to a study conducted by the Department of Finance.
It is not immoral under the law for a government employee to give birth out of wedlock if she and the father are not married to other people, the Supreme Court has ruled.
Chief Justice Reynato Puno introduced far-reaching reforms in the judiciary as 2007 was coming to a close, making authorities answerable to allegations of extrajudicial killings and enforced disappearances.
Over P35 billion in loans have been extended to various micro, small and medium enterprises (MSMEs) in 2007, generating nearly half a million new jobs, Malacañang said yesterday.
MANILA, Philippines — An organization of smaller call center operations in the Philippines is pushing to have its voice heard in the contact center industry.
WASHINGTON – The Philippines is ranked sixth among 128 countries in the race for gender equality, outshining its competitors including the United States and other members of the Association of Southeast Asian Nations (ASEAN).
The Philippine Overseas Employment Administration (POEA) yesterday maintained that the government has no intention of taking over the country’s booming recruitment industry.
I was in Iloilo last week when I stumbled into a story that had dangerous overtones. This was when Iloilo City Mayor Jerry Treñas declared that water refilling stations without sanitary permits would be closed.
The Trade Union Congress of the Philippines (TUCP) gave yesterday its full support for moves to lower money transfer charges.
THE Supreme Court has issued a writ of amparo against Armed Forces of the Philippines (AFP) personnel allegedly responsible for the enforced disappearance of three persons, including two students of the University of the Philippines (UP).
The government has assured local car makers that the ban on the entry of used vehicles will stay when the Japan-Philippines Economic Partnership Agreement takes effect.
MANILA, Philippines — Will signing the Japan-Philippines Economic Partnership Agreement (JPEPA) give Japan carte blanche to export its toxic and other hazardous wastes to the Philippines? No. The fact that with JPEPA the Philippines imposes zero tariffs on wastes from Japan (and vice versa) is immaterial, because Philippine laws and regulations — in particular Republic…
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Organized labor wants an inquiry into reports that the Philippine Health Insurance Corp. (Philhealth) is nearing bankruptcy due to widespread fraudulent claims.
The presence of asbestos as a persistent pollutant in soil and water is of major environmental concern, but scientists at the University of Torino, Italy, may have found a way to clean it up.
Italian ship owners need more than 20,000 seafarers and they want Filipinos for the job.