That man is richest whose pleasures are cheapest. — Henry David Thoreau The real source of wealth and capital in this new era is not material things… it is the human mind, the human spirit, the human imagination, and our faith in the future.— Steve Forbes

Last week, the Philippine peso plunged to a new low.  Depending on what business paper you read, it was a six month low for the Business Mirror and a nine month low in BusinessWorld. The Philippine Star had it also at a nine month low. The peso has recovered somewhat towards weekend but the direction…

MANILA, Philippines – Another housemaid of Mariano Tanenglian, estranged brother of business tycoon Lucio Tan, filed criminal complaints before the Department of Justice (DOJ) yesterday against her former employer.

MANILA, Philippines – The fate of the country’s first automated national elections will be known tomorrow.

MANILA, Philippines – The Philippines dropped from 71st place to 87th in the latest Global Competitiveness Index prepared by the World Economic Forum.

BENCHMARK interest rates went up on Tuesday’s auction of Treasury bills (T-bills) ahead of the government’s planned borrowing through the sale of retail Treasury bonds (RTBs) next week.

THE Philippine government should increase the Light Rail Transit (LRT) Line 2 fare to make the system “sustainable,” a joint study by the Japan International Cooperation Agency (JICA) and the National Economic and Development Authority (NEDA) said.

The Times’ front-page story “Fewer Filipinos can afford medical care, says ADB study” on Tuesday, September 8, gave concrete figures to something obvious to most thinking Filipinos.

REYKJAVIK, Iceland: US economist Joseph Stiglitz, winner of the 2001 Nobel Prize in economics, warned that the global economy could suffer a double dip, a pronounced rebound giving way to another slide.

Filipino chronicle article in pdf format

Filipinos make mistakes mixing metaphors. So do Americans! Can you spot the errors? English professors love to catch the errors students make in their term papers, and they love nothing better than to catch mixed metaphors. The “friends and survivors” of Calvin College English department collected this list of mixed metaphors and posted them on…

ONE MIGHT SAY IT WAS HOUSING THAT brought the US economy down—and much of the world economy with it. It was, after all, the bubble created by the infamous subprime housing loans that led to the financial meltdown, tracing in turn to the US government’s laudable policy of making housing accessible to all American families.

MANILA, Philippines—Oil refiner and retailer Petron Corp. has warned that the current ethanol-blended gasoline (E-10) could damage car engines and urged the Department of Energy to come up with clearer specifications for the fuel blend.

BERLIN—A conference here made a breakthrough Sunday after delegates approved in plenary to ask the United Nations’ 179 members to legalize abortion as a mode of family planning, provide universal access to contraceptives, and uphold sex workers’ rights.

CINCINNATI (AP) – President Barack Obama declared yesterday that modern benefits like paid leave, minimum wage and Social Security “all bear the union label,” as he appealed to unions to help him win the health care fight in Congress.

MANILA, Philippines—The International Labor Organization (ILO), the United Nations’ arm for labor concerns, is sending a fact-finding mission to the Philippines to investigate complaints of trade-union rights violations in the country.

MANILA, Philippines — As the global financial crisis continue to wreak havoc across the global, companies in Australia might lay off foreign migrant workers, including Filipinos, Australian Ambassador to the Philippines Rod Smith said.

The Supreme Court has exempted indigent clients of the Integrated Bar of the Philippines (IBP) from payment of legal fees. The High Court, in a 25-page resolution penned by Associate Renato Corona, approved the Rule on the Exemption from the Payment of Legal Fees of the Clients of the National Committee on Legal Aid (NCLA)…

Together with Union Impresores de Filipinas (UIF) president Alfredo Pullarca and Union Network International-Philippine Liaison Council (UNI-PLC) chairman Angelito Calderon, National Press Club of the Philippines (NPC) legal counsel and auditor Berteni “Toto” Causing administered the oath of office of the newly elected officers of the Kapisanan ng mga Kawani ng Koreo sa Pilipinas (KKKP…

The dramatic events which happened on Sept. 1 at the Club Filipino, where Mar Roxas, quoting from a speech of his grandfather, Manuel A. Roxas, the first president of the Republic, said he was putting “Country above self,” tossed the baton of leadership and, effectively, the presidential nomination, to the junior senator from Tarlac, Benigno…

The government yesterday blamed communist rebels of scuttling the resumption of Norwegian-brokered peace negotiations due to “unreasonable” demands by the armed group.

Nobel Prize-winning economist Joseph Stiglitz has cast doubt on the strength of any US economic recovery, warning it may be hit by a “double-dip” recession.

The Magna Carta of Women (MCW) has been enacted at last. It not only reinforces the existing laws’ command to the government, national and local, to physically protect women and girl-children, it also promotes the welfare of marginalized women and enumerates the rights that women have and the state must make sure no ones deprives…

More than 45 million registered voters are expected to vote in the 2010 elections, an official from the Commission on Elections (Comelec) said Monday.

Fewer poor Filipinos are seeking treatment from private and government hospitals because of costlier medicines and healthcare services, an Asian Development Bank (ADB) study said.

I received so many e-mails for my previous article on “The top 20 healthiest foods.” This time, let’s look at the opposite side of the coin. It’s the “unhealthy” or fatty foods we can’t resist eating, maybe because they’re sweet and succulent or we’re simply adventurous. Let’s start our list with number 10.

MANILA, Philippines -Dollar remittances from overseas Filipino workers (OFWs) may dwindle and this could be a threat to economic growth, Nomura International Ltd. said in a report released during the weekend.

MANILA, Philippines – The Chamber of Mines of the Philippines, Inc. (CMP) warned yesterday that continued protests by some anti-mining groups “would send a wrong signal to investors interested in putting capital not only in mining, but in other ventures as well.”

MANILA, Philippines – To protect departing overseas Filipino workers from paying excessive fees, the Philippine Overseas Employment Administration (POEA) rejected a proposed congressional measure for the adoption of a compulsory liability insurance scheme for all OFWs.

MANILA, Philippines – There is no more P10-billion economic stimulus fund in the proposed budget of P1.541 trillion for next year.