Manufacturers of construction materials want the Department of Trade and Industry (DTI) to clarify whether the price ceiling on their products should be based on the average prices in the last three months, or on the prices just before the state of calamity was declared. Jesus Arranza, Federation of Philippine Industries president, said that manufacturers…

WASHINGTON, D.C.: The International Monetary Fund (IMF), rising from villain to savior through the fires of the global economic crisis, faces steep hurdles in trying to transform into the champion of the new world order. The IMF’s annual meetings with the World Bank in Istanbul last week showcased the newfound punching weight of the major…

To help members, especially those hit by tropical storm “Ondoy,” get back on their feet, the Government Service Insurance System (GSIS) has said it will give borrowers of housing and consolidated loans the chance to hold off monthly payments for one year.

MANILA, Philippines – Moody’s Economy.com, the economic research and analysis arm of New York-based credit-rating firm Moody’s Investors Service, said the impact of tropical storm Ondoy (international name: Ketsana) and typhoon Pepeng (Parma) on the country’s domestic output is minimal.

MANILA, Philippines – State-run Home Guaranty Corp. (HGC) is allotting at least 3,000 residential units, mostly sequestered assets, for victims of the two typhoons that recently battered the country.

MANILA, Philippines – The Government Service Insurance System (GSIS), the state-owned pension fund for employees in the public sector, is giving borrowers of housing and consolidated loans the chance to hold off monthly payments for one year.

MANILA, Philippines – The Economist Intelligence Unit (EIU), the business information arm of The Economist Group, ranked the Philippines third overall worldwide in terms of microfinance business environment.

CLARK FREEPORT, Philippines — Labor Secretary Marianito Roque has ordered emergency employment of workers in areas hit by storm “Ondoy” and typhoon “Pepeng.”

DUBAI – ECONOMIC growth of Gulf Arab oil exporters is set to slow to 0.7 per cent this year but will rebound in 2010 to grow by 5.2 per cent on rising oil revenue, the International Monetary Fund said on Sunday.

VEHICLE assemblers and parts makers are pushing to extend up to 2013 the tariff cover under the Japan Philippines Economic Partnership Agreement in parallel moves to protect the automotive industry from being displaced by Japanese imports.

THE 3-percent interest rate that local credit card companies charge their cardholders is “excessive and unconscionable,” the Supreme Court has ruled.

What do the Jesus is Lord Movement, the Iglesia Ni Cristo, the Office of Muslim Affairs, the Council of Christian Bishops of the Philippines, the Philippine Council of Evangelical Churches, the Philippines for Jesus Movement, the United Church of Christ in the Philippines, the International Bible Society, the Christian and Missionary Alliance Churches of the…

IF YOU bring your flood-damaged car to a dealership today, chances are it will be worked on next year, according to Toyota Marikina.

MANILA, Philippines – Businesses have lost up to P1 billion because of the devastation caused by tropical storm “Ondoy,” according to the Philippine Chamber of Commerce and Industry.

PARIS, Oct 09, 2009 (AFP) – Oil demand is firming but the global market is still weak, riven by doubts over how a groggy recovery from the global crisis will affect energy consumption next year, the IEA said on Friday.

MANILA, Philippines – The non-performing loans (NPL) ratio of universal and commercial banks was practically unchanged at 3.50 percent in August from 3.49 percent in July, well below the 3.90 percent ratio over the same month in 2008.

Jakarta (ANTARA News) – ASEAN`s secretary general has called on the global community to act immediately on climate change issues to save the planet from irreversible damage due to global warming.

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BANGKOK — The United States was heavily criticized Friday at the U.N. climate talks in Bangkok for failing to offer emission cuts or financing for developing countries – both considered crucial to reaching a global warming pact this year.

THE Philippine economy is expected to recover right away from the devastation wrought by Tropical Storm “Ondoy” and Typhoon “Pepeng” in recent weeks.

THE rehabilitation of the mothballed 630-megawatt Bataan Nuclear Power Plant (BNPP) may be highly feasible, based on the official verification reports submitted by Korea Electric Power Co. to National Power Corp.

News reported by our Reporter Maricel Burgonio on Saturday that according to the Philippine Deposit Insurance Corp. (PDIC) president, Jose Nograles, 103 out of the country’s 690 rural banks are undercapitalized (as of June 2009) should not make people begin thinking dark thoughts about the rural banking sector.

THE Philippines was named the best country in Asia and the third-best in the world in terms of promoting the microfinancing industry. This, officials said, was in recognition of public- and private-sector efforts to support micro-entrepreneurs.

The House of Representatives has approved on final reading the proposed law granting additional retirement and other benefits to members of the Judiciary.

The Supreme Court has been asked to put a stop to aerial spraying of pesticides and fungicides in banana plantations in Davao City.

While the watery floods killed and damaged hundreds of people in the Philippines, many of them children, another kind of flood is continuously destroying the innocent lives of children and youth. That’s the flood of child pornography coming into the Philippines and more of it made here with Filipino children being abused, videotaped and transmitted…

President Gloria Arroyo lifted the “state of calamity” imposed because of the menace of two destructive storms over the central and southern Philippines a week ago, an official said Saturday.

From here to 2010: A view of the Philippine economy I. Perspective Ondoy and Pepeng devastated many sectors in our economy, aggravating the destruction already brought about by the global recession. The recession brought down the 7.2-percent growth rate of Philippine GDP in 2007 to 3.8 percent in 2008 and threatened to do even worse…

MANILA, Philippines – Thinking of getting some documents from the civil registry of the Manila City Hall? Keep your fingers crossed and a blow dryer handy.