Lagarde says Europeans essentially are responsible for their own fate. WASHINGTON — The head of the International Monetary Fund said Wednesday the greatest threat to a lasting economic recovery in Europe is “the fatigue of both governments and populations” over painful steps taken to boost growth and combat national debt.

FOREIGN PORTFOLIO investments remained strong in March but profit taking pulled the net result down for a second straight month, the Bangko Sentral ng Pilipinas (BSP) yesterday reported.

GENEVA, Switzerland – The United Nations launched a plan Friday, April 12, aimed at all but eradicating childhood deaths from diarrhea and pneumonia by 2025, in a bid to save the lives of some two million children every year.

A faulty airbag part that can explode and send shrapnel into the passenger cabin is responsible for the global recall of more than 3 million cars manufactured by Honda, Nissan, Toyota and General Motors and will likely lead to more recalls.

TOKYO – Up to 3.39 million vehicles made by major Japanese manufacturers will be recalled worldwide because of possible problems with airbags, the companies said Thursday.

GROWTH LIKELY remained strong in the first quarter given healthy domestic demand and supply conditions, monetary authorities noted during a policy meeting last month.

FOREIGN DIRECT investments (FDI) took a nosedive in January as equity capital shrank, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

The International Labor Rights Forum (ILRF) is skeptical of the ability of the Philippine government’s interagency committees to deal with labor issues such as labor-related killings, the transcript of a United States Trade Representative (USTR) hearing showed.

That is what is driving the rate of human immunodeficiency virus (HIV) infection in the Philippines.

The world economy looks better than it did half a year ago, but uneven pace of growth among regions have brought about a “three-speed” global economy, said International Monetary Fund chief Christine Lagarde.

Phl asked to provide plans for labor legislation MANILA, Philippines – The Office of the US Trade Representative (USTR) is asking the Philippine government to provide plans regarding passage of legislation concerning union registration as well as cases when the Armed Forces of the Philippines (AFP) and Philippine National Police (PNP) were involved in labor…

DESPITE CLAIMS to the contrary, the Philippines’ fiscal space is narrow and will continue to tighten unless steady, sustainable sources of revenues are generated. For a country that is on a catch-up mode, the Philippines has large and increasing public expenditure needs for education, health, public infrastructure and military pension.

The Department of Social Welfare and Development (DSWD) should extend the period of assistance given to current beneficiaries of its conditional cash transfer program instead of adding more families to the program, the Philippine Institute for Development Studies (PIDS) said in a statement.

The American Chamber of Commerce (AmCham) here is urging the government to look at the possibility of allowing full foreign ownership in public utilities without necessarily amending the Constitution.

The World Trade Organization (WTO) has cut its trade growth forecast for 2013 because of risks from the eurozone crisis and from greater protectionism. Global trade is now expected to grow by 3.3% this year, the WTO says, down from its earlier forecast of 4.5%.

NEW YORK AND LONDON (April 10, 2013) – The outsourcing industry is failing to invest in the skills needed to capture the full value from outsourcing engagements, an HfS Research study, sponsored by Accenture, reveals. The report, entitled ” Is Good Enough Really Good Enough? The Great Talent Paradox in Outsourcing ,” confirms that in…

The Department of Social Welfare and Development (DSWD) should consider an extended period of assistance to current beneficiaries of the Conditional Cash-Transfer Program instead of increasing the number of its beneficiaries, according to a study undertaken by researchers from government think tank Philippine Institute for Development Studies (PIDS).

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DESECRATION: Welcome to the super rich, the over-represented and even political parties — and goodbye to the dreams of the truly marginalized sectors to become lawmakers themselves to enact laws to benefit them.

MANILA – The Philippine economy is likely to sustain its strong growth this year until 2014, but unemployment and underemployment remain a key concern, the Asian Development Bank (ADB) said on Tuesday.

Austerity measures have not addressed the root causes of the crisis nor have they brought down unemployment, according to a snapshot of EU countries based on an upcoming ILO report on the state of global labour markets.News | 08 April 2013

MANILA, Philippines—Filipino workers in Taiwan stand to benefit from a new minimum wage increase approved by the island’s highest administrative organ this month, Labor Secretary Rosalinda Baldoz said Friday.

The ILO will cooperate with the European Commission in tackling the employment crisis facing young people, including through youth guarantee schemes. GENEVA (ILO News) – As young people continue to be disproportionately affected by the employment crisis, the International Labour Organization (ILO) has said it is ready to join forces with the European Commission to…

Every year, the first week of April is known as Asbestos Awareness Week. Asbestos, a naturally occurring fibrous material, is a known human carcinogen and has been linked as a cause to asbestos-related cancers and mesothelioma. Despite such serious results from exposure to this mineral, asbestos is still not banned completely in the United States…

As the business process outsourcing (BPO) industry in the Philippines continues to grow, more and more Filipinos are finding themselves working at odd hours, risking mostly their health.

‘Maybe it’s time to think out of the box.’ THE poverty rate has remained unchanged since 2006 according to the National Statistical Coordination Board (NSCB). And the bad news is that the rate is likely to stay that way three years from now.

MANILA — The Department of Health (DOH) has recorded 339 new human immunodeficiency virus (HIV) cases last February, a few notches lower than the 380 recorded a month earlier.

339 new infections recorded for February, including 45 OFWs HIV ( human immunodeficiency virus) cases in the Philippines are expected to reach over 4,000 this year, following the 339 fresh infections recorded for February and 380 in January.

WASHINGTON—People age 65 and older who eat fish may live an average of two years longer than people who do not consume the omega-3 fatty acids found mainly in seafood, a US study suggested on Monday.

WASHINGTON – The author of an influential 2006 study on climate change warned Tuesday that the world could be headed toward warming even more catastrophic than expected but he voiced hope for political action.