MANILA, Philippines – The automotive industry expect to sell 127,000 units this year or a 2.3-percent growth from last year’s level, the Chamber of Automotive Manufacturers Association of the Philippines Inc. (CAMPI) said yesterday.

MANILA, Philippines – First Metro Investment Corp. (FMIC), the investment arm of the Metrobank Group, said it expects a four- to six-percent growth in remittances this year despite a strengthening peso against the dollar.

MANILA, Philippines – Families of Filipinos working and living abroad are expected to save at least P92 million to as high as P922 million after the Bangko Sentral ng Pilipinas (BSP) and a group of universal as well as commercial banks inked an agreement reducing the fees on fund transfers.

MANILA, Philippines – Reporters covering the high-risk election campaign should not just be provided with firearms but also with decent insurance coverage to protect them and their families should a tragedy like the Maguindanao massacre befall them, an opposition lawmaker said.

MANILA, Philippines – The Department of Labor and Employment (DOLE) yesterday ruled out the possibility of mass displacement of Filipino workers in the United Arab Emirates (UAE) despite the prevailing Dubai debt crisis.

MANILA, Philippines – The Philippines and other major export-led economies are expected to experience substantial recovery next year, according to the United Nations.

MANILA, Philippines – Two young Filipinos won the recent CNN/YouTube Debates and their prize includes a free trip to Copenhagen, Denmark to attend the United Nations Climate Change Conference.

Local vehicle assemblers expect to end the year with a growth of 2.3 percent in sales to more than 127,000 units, which remains far behind the sales figures of its neighbors as a result of unabated smuggling of used vehicles.

KOREA Electric Power Corp. (Kepco) has found the mothballed Bataan nuclear power plant suitable for rehabilitation, state-run National Power Corp. (Napocor) said. Froilan Tampinco, Napocor president, said Kepco has completed its studies on the Bataan nuclear plant.

LIMAY, Bataan — A diver died while a colleague is in critical condition when they plunged into a nine-meter chlorination tank inside the Alstom compound (former ABB power plant) in Barangay Alangan, Limay, Bataan, last Monday.Superintendent Luisito Bolivar, newly designated police chief, reported that Peter Jao, a diving expert of the CJMS Diving Services, did…

MANILA, Philippines – Local vehicle and parts makers expressed their support for the revision of the Motor Vehicle Development Program (MVDP) under EO156. The Philippine Automotive Competitiveness Council Inc. (PACCI) said.

MANILA, Philippines – Filipino math whiz kids lorded it over their counterparts from 21 countries, bagging a hundred medals and winning for the Philippines the overall championship in the just-concluded Philippine International Mathematics Competitions (PIMC) hosted by Iloilo City.

Power Corp. (Kepco) to rehabilitate the Bataan Nuclear Power Plant (BNPP), which has been mothballed for two decades.

A STRONG peso risks undermining the recovery of the Philippine export sector, which has yet to bounce back from a global slump, according to pundits. Last week, the government announced that the country’s gross domestic product (GDP) hardly grew at 0.8 percent in the third quarter. Worse, second-quarter GDP growth was recast downward to 0.8…

MANILA, Philippines – United Nations Secretary General Ban Ki-moon yesterday urged governments worldwide to remove punitive laws applying to people afflicted with Human Immunodeficiency Virus (HIV) and Acquired Immune Deficiency Syndrome (AIDS), and instead protect their rights.

MANILA, Philippines – The Supreme Court (SC) yesterday allowed appointed government officials seeking to run in next year’s elections to stay on in their posts and actively campaign even after filing their certificates of candidacy (COC).

Message of Rep. Raymond Democrito T. Mendoza Trade Union Congress of the Philippines (TUCP) At the Opening of the Follow-Up National Tripartite Conference on Freedom of Association: Towards Fair Globalization and Decent Work 02 December 2009, Hotel Sofitel, Manila

TUCP MESSAGE National Tripartite Conference on Principles of Freedom of Association: Towards Fair Globalization and Decent Work 03 December 2009, Sofitel Philippine Plaza, Pasay City

Last week, we saw that there have been two parties called Lapiang Manggagawa (LM, Labor Party) — one formed in the 1920s which acted as a stepping-stone to the formation of the Partido Komunista ng Pilipinas (PKP) in 1930, and the second founded on the initiative of the PKP in 1963 as a legal means…

Pilipinas Shell Petroleum Corp., the smaller of the two oil refineries in the country, posted a net income of P7.6 billion in the first nine months of the year, up 50 percent from P5 billion year-on-year, despite sharply lower sales.

Air pollution costs the Philippines billions of dollars a year and kills thousands of people annually, according to the World Bank report released Monday. The World Bank, in its report “The Philippines: Country Environmental Analysis,” said that outdoor air pollution has cost the Philippines more than 1 percent of gross national product (GNP).

“Where the law is subject to some other authority and has none of its own, the collapse of the state, in my view, is not far off; but if law is the master of the government and the government is its slave, then the situation is full of promise and men enjoy all the blessings…

Analysts forecast cut in remittances MANILA, Philippines – A brewing debt crisis in Dubai has raised a specter of gloom on the Philippines, where many households have been relying on petrodollars sent home by a large pool of overseas workers in the Middle East.

MANILA – The Philippines is watching 3 key areas that may take a hit from the ongoing Dubai debt crisis: volume of remittances, foreign exchange rates, and the cost of foreign borrowings sourced from global bond market. The 3 indicates the Philippines’ possible areas of vulnerability when a global economic or financial event ensues.

MANILA, Philippines – Total residential real estate and auto loans continued to post double-digit growth rates in the first nine months of the year despite a slower economic growth brought about by the global economic crisis.

MANILA, Philippines – Due to recent calamities that hit the country and the coming Holiday season, Filipino workers in Canada and other countries have sent home more money to their families back home.

MANILA, Philippines – The International Monetary Fund (IMF) said the local banking system remained resilient after the Bangko Sentral ng Pilipinas (BSP) managed to put in place reforms aimed at containing the effects of the global financial crisis.

MANILA, Philippines – The number of Filipino families who consider themselves poor slightly declined, following typhoons “Ondoy” and “Pepeng” that hit the country, according to a latest survey by the Social Weather Stations (SWS).

MANILA, Philippines – There are around 3,000 Filipinos detained overseas on criminal charges, the Department of Foreign Affairs (DFA) reported yesterday.

MANILA, Philippines—After suffering quarter after quarter of volume and revenue declines, the worst may finally be over for the global semiconductor industry, according to research firm iSuppli Corp. While the year was still seen to close on a low note, iSuppli senior vice president Dale Ford said full-year results would likely be better than originally…