President Aquino bragged to reporters that his government was among the first that immediately offered humanitarian aid of some $14 million to Japan, but he now refuses to order the evacuation of some 300,000 Filipinos in Japan, and unconscionably tells its citizens in Japan not to expect his government to pay for their airfare to…
MANILA, Philippines – The Philippine capital is woefully unprepared for a major quake that could hit at any time and kill tens of thousands of people, flattening nearly half the city’s homes, experts warn.
It’s really too early to tell the impact of the deadly earthquake on the Japanese and the global economy, but stock market pundits agree that the catastrophe will result in a massive reconstruction job that, in the medium-term period, could finally prop up the gross domestic product in the devastated nation.
Honda Cars Philippines said the massive quake and destructive tsunami in Japan will not affect its local operations, adding it can produce completely knocked-down vehicles due to available parts and components from other countries.
If true character is what we show when no one is looking, real civility (or the lack of it) will definitely be on display in times of widespread calamity. And the recent disaster in Japan brought to the fore both the character and the deep respect for others that the citizens of that country possess.…
ALCATEL-LUCENT, ICAP and Infosys Technologies are among the companies moving employees in Japan elsewhere after Prime Minister Naoto Kan warned the risk of leaks from an earthquake-damaged nuclear plant was rising.
MANILA, Philippines – It’s been called a “life-saver” to impoverished families but to former Senator Aquilino Pimentel Jr. and 2 barangay officials, the P21 billion conditional cash transfer (CCT) program allocation in the 2011 national budget is an unconstitutional campaign and a “grave abuse of discretion of the Executive Department.”
TOTAL earnings of Philippine industries grew by double digits in the third quarter of 2010 mostly because of higher growth in banks and non-bank sectors, the National Statistical Coordination Board (NSCB) said.
THE number of Filipino women in senior management positions fell at its fastest pace for over seven years partly because of the economic crisis, according to Grant Thornton’s International Business Report (IBR).
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PHILIPPINE businesses have begun counting the possible economic costs of Japan’s worst disaster since the Second World War, with electronics exporters warning of disruption in their raw material sourcing.
MANILA, Philippines – Investments are expected to breach the P300-billion mark again this year as figures for the first two months jumped by 185 percent, the Board of Investments (BOI) reported yesterday.
Technology firms are facing major disruption to supplies in the wake of the earthquake and tsunami which have devastated parts of Japan.
CREDIT card companies were warned Tuesday against mobbing their prospective customers to avail of their services, because not all people have the capacity to pay credit cards.
The Philippine population has been growing at a high pace compared to neighboring countries. At the same time, the economies of neighbors with which our country is often compared have been growing faster than ours over the last few decades. Part of their success comes from their ability to deal with their population growth.
CAMP OLIVAS, Pampanga, Philippines – Five minors working as entertainers in videoke bars in Olongapo City and Zambales were rescued by policemen and personnel of the Department of Social Welfare and Development (DSWD) over the weekend.
State pension fund Government Service Insurance System’s (GSIS) thrift bank unit GSIS Family Bank said it has resolved issues with its employees union, following the recent signing of a collective-bargaining agreement (CBA).
MANILA, Philippines – The retail prices of sugar and cooking oil are going down despite the rising cost of petroleum, the Department of Trade and Industry (DTI) said.
MANILA, Philippines – More Filipinos are jobless this year. Results of the National Statistics Office’s (NSO) Labor Force Survey yesterday showed that the number of unemployed people in the country totaled to 2.91 million in January this year from 2.82 million in the same period last year. Overall unemployment rate stands at 7.4 percent this…
MANILA, Philippines – The Bureau of Internal Revenue (BIR) would withdraw its controversial regulation requiring private taxpayers to file the equivalent of a statement of assets, liabilities and net worth (SALN) mandatory for government officials.
LINGAYEN, Pangasinan, Philippines – Despite the nuclear crisis in the tsunami-ravaged northeastern Japan, a Pangasinan official said the provincial board is not rescinding a resolution to have a nuclear power plant built along its coastline.
Labor and Employment Secretary Rosalinda Dimapilis-Baldoz has approved and signed the rules of procedure of the single entry approach (SEnA), an administrative mechanism aimed at providing a speedy, impartial, inexpensive, and accessible settlement procedure to all labor issues or conflicts, thereby preventing them from turning into full-blown disputes.
Despite the UN General Assembly declaring that access to safe water is a human right, thousands die each day because of water-related diseases, and many countries are not expected to meet the UN Millennium Development Goals on water. The ILO is working with governments, employers’ and workers’ organizations to identify priorities for investment infrastructure in…
Manila, Philippines (16 March 2011) – The House of Representatives Committee on Ecology approved House Bill Nos. 479 and 896. The approval came after the bill authors agreed to an amendment addressing installed asbestos-containing materials in houses and buildings. A Technical Working Group (TWG) tasked to consolidate the bills would craft the amendment.
TOKYO – Japan’s central bank continued to flood money markets with cash on Wednesday, bringing its total emergency funding to nearly $700 billion as it tries to soothe fears about the economic impact of the catastrophic earthquake, tsunami and unfolding nuclear crisis.
THE Bangko Sentral said Monday it will review its economic assumptions for the year, including remittance and inflation forecasts, taking into consideration the recent earthquake and tsunami and Japan as well as the political tension in the Arab nations.
PARIS (Xinhua) – The Association of Southeast Asian Nations (ASEAN) economies are likely to maintain growth momentum in the first quarter of 2011, the Organization for Economic Cooperation and Development (OECD) said Monday.
BAGUIO CITY, Philippines – The implementation of the national government’s conditional cash transfer under the Pantawid Pamilyang Pilipino Program or 4Ps to help alleviate the living conditions of the country’s poorest of the poor is being set back by the fact that some beneficiaries do not belong to marginalized families.
MANILA, Philippines – Taiwan has lifted the restrictions it imposed on visa applications and work permits for Filipino workers.