SINGAPORE: The International Monetary Fund (IMF) warned Asia on Wednesday of potential spillovers from the European debt crisis, which is unfolding a decade after the region underwent its own financial turmoil.

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House committee on suffrage and electoral reforms chairman Makati Rep. Teddyboy Locsin yesterday backtracked on his earlier statement clearing Smartmatic on the allegations of poll fraud saying it is too early to absolve the PCOS machines supplier from any wrongdoing.

President-elect Sen. Benigno “Noynoy” Aquino 3rd is “open to nuclear power” as an alternative energy resource to plug the country’s energy crisis, his second cousin Rep. Mark Cojuangco of Pangasinan told The Manila Times on Wednesday.

MANILA, Philippines – Standard & Poor’s (S&P) said the Philippines is less vulnerable to shifts in external sentiment brought about by the debt crisis in Europe on the back of its strong external liquidity supported by robust overseas Filipino workers’ remittances and international reserves of the Bangko Sentral ng Pilipinas (BSP).

“Ten dead and 300 injured”. This is not the toll of a natural disaster, but of the repression faced by workers attempting to exercise their trade union rights during 2009 in the Asia-Pacific region. The latest ITUC Survey of Violations of Trade Union Rights also reports on the cases of over 2000 workers who were…

MORE than 2 million workers will benefit from the P22 hike on the daily minimum wage in Metro Manila granted by the Regional Tripartite Wages and Productivity Board-National Capital Region (RTWPB-NCR) but labor groups are angry, calling the pay hike a pittance and an insult to laborers.

SINGAPORE – The IMF warned Asia Wednesday of the potential spillovers of the European debt crisis, saying it could dampen trade, make capital flows volatile and overheat economies in the region.

CANADA – The Toronto Star reported that a new Canadian law inspired by a Filipino caregiver who died of cancer last year has a gigantic loophole that leaves caregivers who fall sick open to deportation.

With the school opening almost upon us, the debate continues to rage about that age-old question: Should sex education be taught in schools?

The local auto industry has jacked up its growth target following robust sales during the first five months of the year.

MANILA, Philippines – Monetary authorities said the P22 increase in the daily minimum wage for workers in the National Capital Region (NCR) would not fan inflation and would give the Bangko Sentral ng Pilipinas (BSP) enough room to keep its accommodative policy stance to support the economy.

MANILA, Philippines – The Department of Education (DepEd) is already looking into 13 complaints of public schools violating its “no fee collection” policy.

ECONOMIC managers on Tuesday doused fears that the latest wage hike order would fuel inflation. The Bangko Sentral ng Pilipinas (BSP) said its baseline forecast of manageable inflation for this year and 2011 could likely hold despite the P22 increase in the minimum wage for Metro Manila.

If Health Secretary Esperanza Cabral ever needs a new career, she should apply for the position of Senior Lightning Rod in the next administration or in a public relations firm.

Despite the P22 across-the-board wage increase, minimum wage earners in the National Capital Region (NCR) will still be exempted from paying income tax, an official of the Department of Labor and Employment said Tuesday, adding that the increase in monthly salary of workers in the private sector and government office will be implemented on July…

MANILA, Philippines – The Regional Tripartite Wages and Productivity Board in Metro Manila has approved the P22 increase in the daily take-home pay of two million minimum wage earners in Metro Manila. Beginning July 1, the minimum monthly basic pay of Metro Manila workers will go up to P13,042.                                

MANILA, Philippines – Small and medium scale drugstores are opposing the exemption of the elderly from paying the 12 percent value added tax (VAT) on goods and services, including medicines, under the Expanded Senior Citizens Act of 2010.

AFFLUENT young Filipinos are expected to spend more time surfing the Internet through mobile phones because of attractive tariffs and demand for social networking, according to Nielsen Media Philippines.

MANILA, Philippines – Whether or not they would like to work abroad in the future, high school students may soon find themselves studying lessons on safe migration and overseas employment.

MANILA, Philippines – The Commission on Elections (Comelec) will tap volunteers to audit the statements of contributions and expenditures filed by winning and losing candidates in the May 10 polls, an official reported yesterday.

PARIS — Electric cars offer a chance to develop lucrative new technologies, and suppliers would benefit from grabbing more of this work — but they will have to fight car makers keen to hold on to control of future profits.

MANILA, Philippines – An environmental group yesterday welcomed the promise made by the Department of Education to investigate the use of toxic chemicals in school supplies and products for children.

COMBINED profits of listed companies ballooned by more than three-fourths to P357.84 billion last year due mainly to one-time gains and some improvements in performance, the stock exchange said yesterday.

AN ESTIMATED 4.6 million senior citizens are expected to enjoy a full 20% discount tax-free for goods and services, particularly medicines as the Implementing Rules and Regulations (IRR) of the Expanded Senior Citizens Act of 2010 or Republic Act 9994 will be out this month.

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THE central bank on Tuesday indicated the P22 wage hike decreed by the Metro Manila regional wage and productivity board for the metropolis would not have as great an impact as feared on inflation, but the modest rate has grimly disturbed employers. Malacañang Palace indicated the rise is reasonable under existing conditions, when business recovery…

CAR SALES this year are now projected to top 2009 levels by 11%, better than the 4% growth forecast made earlier, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) said in a statement yesterday.

BAGUIO CITY: Two young farmers died and six others were hurt when a lightning struck them while planting rice in Purok San Bernabe, Barangay Malayugan in Flora, Apayao province.

Filipino men could be as vain as women, according to a recent survey conducted by global market research firm Synovate. The survey showed that 91 percent of men living in Metro Manila (National Capital Region) believe “looks are important,” so they see the need to use beauty and personal-care products.