MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) reported yesterday that foreign portfolio investments inflow registered in the first 11 months of the year amounted to $431.42 million on the back of sustained remittances, strong international reserves, healthy banking system, robust corporate earnings, and rising price of gold.

WASHINGTON (Reuters) – Treasury Secretary Timothy Geithner on Wednesday extended the government’s $700 billion financial bailout fund to October next year, saying the economy still faced “significant challenges.”

MANILA, Philippines – Foreign direct investments (FDI) climbed by 6.8 percent in the first nine months of the year amid higher equity infusions and robust reinvested earnings, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

WASHINGTON – The Philippines was thwarted in its bid to get a multimillion-dollar grant from the US Millennium Challenge Corp. (MCC) for failing to meet performance benchmarks, particularly control of corruption, but was allowed to continue the process of developing a compact grant in 2010.

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MANILA, Philippines – Senator Panfilo Lacson revealed that more than P568 million has been used to fund at least eight non-working call centers for the “Patrol 117” hotline last year.

MANILA, Philippines–The Bangko Sentral ng Pilipinas will likely keep its policy rates at current record lows until the middle of 2010 to further boost the economy, which is seen to recover only modestly from the impact of the global economic crunch.

MANILA, Philippines—Global food prices are on the rise again, the United Nations Food and Agriculture Organization (FAO) said Thursday, with the agency’s Food Price Index registering four straight months of increases.

MANILA, Philippines—The rising number of HIV and AIDS cases in the country has so worried the Saudi embassy here that it advised medical clinics processing overseas Filipino workers bound for Middle East countries to intensify medical exams and screening for workers to be deployed there, it was learned Thursday.

MANILA, Philippines–Household spending in overseas remittance-rich Philippines as well as around Asia is rebounding in a big way despite the recent global financial turmoil—and the boom appears sustainable, according to British banking giant HSBC.

MANILA, Philippines – The Department of Budget and Management on Thursday said all national government workers will get an additional P7,000 as Christmas bonus starting next week.  

This is one for Ripley’s. The total number of registered voters for the May 2010 polls has climbed to more than 49 million, or some 54 percent of the total Philippine population and rising.

MANILA, Philippines – Senate President Juan Ponce Enrile and Sen. Manuel Roxas II asked major cellular phone companies yesterday to comply with the “per pulse” billing system required by the National Telecommunications Commission (NTC).

MANILA, Philippines – Is there lead in the paint of your house? A local waste and pollution watchdog yesterday sought the elimination of lead in paints, as it warned the public against the high lead content in household paints being sold in the Philippine market based on a recent worldwide study conducted by the International…

MANILA, Philippines – At least 49.1 million voters have registered for next year’s elections, the Commission on Elections (Comelec) said yesterday. Comelec Commissioner Gregorio Larrazabal said the figure does not include voters in 22 municipalities that have not yet submitted their official list of voters.

MANILA, Philippines – The Japan-Philippines Economic Partnership Agreement (JPEPA) is starting to render wide-ranging benefits to both countries as seen in the 24-percent increase in Philippine banana export to Japan due to tariff reduction and the dispatch of more than 300 Filipino candidates for nurses and caregivers to Japan this year, according to Japanese Ambassador…

LONDON (AFP) – Ratings agency Moody’s warned on Tuesday of a “fiscal crisis” lasting “several years” in Britain, France, Germany and the United States, but saw no immediate threat to their top AAA credit assessments.

President Barack Obama laid out a slate of job-creating ideas in a speech at the Brookings Institution Tuesday – a sort of “stimulus lite” — but carefully avoided saying how much the new plans would cost.

OFFICE space is likely to remain in surplus next year with rents remaining steady as the global credit crisis trims demand and builders boost supply, the multinational real estate services company CB Richard Ellis said Wednesday.

SAYS TUCP MANILA, Philippines — The money sent home by overseas Filipino sailors rose by $108 million or 4.51 percent to a new record of $2.501 billion in the nine months to September this year, from $2.393 billion over the same period in 2008, the Trade Union Congress of the Philippines (TUCP) said.

MANILA , Philippines – The country’s real estate companies maintained strong sales throughout the year despite the effects of the economic crisis and recent typhoons, according to property consultancy firm CB Richard Ellis (CBRE).

MANILA, Philippines – Global investment bank Goldman Sachs said the Philippines performed better than most of the next 11 emerging economies (N-11) during the global crisis. “Within the N-11, Indonesia and the Philippines have positively surprised,” Goldman Sachs said in its latest Global Economics Paper.

NEW YORK, United States — The Philippines overwhelmingly won another three-year term in the Committee on the Protection of All Migrant Workers and Members of Their Families (CMW), the Philippine Mission to the United Nations said in a statement Wednesday.

The Philippine National Police yesterday assured the workers of the Commission on Human Rights (CHR) of their personal safety and security, more particularly during the conduct of field investigations and other official activities.

An illegally dismissed employee is entitled to reinstatement as a matter of right. But if the relation between employer and employee is already strained, it is more prudent to order the payment of separation pay in lieu of reinstatement. This case of Rey explains the meaning of “strained relations”.

MANILA, Philippines – The National Economic and Development Authority has allayed fears that a full-blown financial crisis could occur in Dubai and displace Filipino workers.

MANILA, Philippines – Filipinos continue to suffer from hunger and malnutrition despite efforts of the Arroyo administration to reduce poverty, a latest government survey revealed yesterday. A survey conducted by the Department of Science and Technology’s Food and Nutrition Research Institute (FNRI) showed that “the nutrition situation of Filipinos has not improved from 2005 to…

MANILA, Philippines – Liberal Party standard-bearer Sen. Benigno “Noynoy” Aquino III has again topped the latest survey of the Social Weather Stations on the preferred presidential candidates of Filipinos in the May 2010 elections. Aquino’s candidacy for the highest position in the land was approved by 47 percent of 1,200 registered voters, surveyed from Nov.…

MANILA, Philippines – The local auto industry is on track to surpassing its target this year, with sales from January to November growing by 3.7 percent, the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) said yesterday.

MANILA, Philippines – The Department of Finance (DOF) has reiterated its previous position that a bill seeking to grant hefty tax perks to publicly-listed companies operating as a real estate investment trust (REIT) would translate to billions in yearly losses for the government.