Although we seem to have a never-ending problem of unemployment and underemployment, the more pressing predicament in this crucial economic time we are in is unmotivated employees. They stay with you, but they are not there. They simply fulfill the minimum requirements of the job, they stay within the limits of your Code of Discipline…

State-run Power Sector Assets and Liabilities Management Corp. (PSALM) said it targets to privatize the Limay combined cycle power plant in Bataan before the end of the month.

Local sugar production has suffered a double-digit drop for the crop year 2008-2009 due to typhoons that ravaged plantations during the period, the government said Friday. According to Sugar Regulatory Administration (SRA) chief Rafael Coscolluela, sugar production dropped by 15 percent to 2.09 million metric tons (MT) from 2.4 million MT in 2007 and 2008…

PRICES of construction materials in Metro Manila contracted for a second month in June, the National Statistics Office (NSO) said.

Opposition to Charter change continues to mount, especially when such amendment to the Constitution would allow President Gloria Arroyo to remain in power even after the expiration of her term next year.

Giant tire manufacturer Goodyear on Friday announced it would be closing down its Philippine production facility by end-September, which will leave 500 people jobless.

State-run Metropolitan Waterworks and Sewerage System (MWSS) said that the impending privatization of the Angat hydroelectric power plant may adversely affect Metro Manila’s water supply.

Normally oblivious to public criticisms about pump prices, local players in the oil industry and Department of Energy appeared stung by a small player’s promotion of “big-time” rollbacks at the expense of its competitors.

Some 1.4 million Filipinos are now involved in the e-load business, or the sale of pre-paid mobile phone credits to subscribers.

The Finance Department has strongly opposed the establishment of more special economic zones in different parts of the country, saying they could worsen the government’s deteriorating fiscal condition.

Profits of listed companies declined at a slower pace during the first three months of the year, according to the Philippine Stock Exchange (PSE).

The drug industry’s worse case scenario is hopefully just about to happen. And as far as I can see, they have no one else to blame but themselves. Through the years, the drug lobby had been horrible. They bully and yes, I can almost believe allegations that they are not above bribery too but not…

MANILA, Philippines – The Congressional Planning and Budget Department (CPBD), the think-tank of the House of Representatives, has cut its economic growth forecast for 2009 on the back of the lower-than-expected growth in the first quarter of the year and despite expectations that the economy grew faster in the second quarter.

MANILA, Philippines – The Department of Finance (DOF) is opposing the creation of more economic zones, saying that tax incentives given to businesses registered in these areas are too generous and would severely affect government revenues.

Trade Union Congress Party-List (TUCP) Representative Raymond D. C. Mendoza yesterday called on Pilipinas Shell, Chevron Philippines Inc. and Petron Corp. for a swift rollback on its oil price following Unioil’s biggest price-cut of P4.75 per liter of gasoline by 2:01 p.m. on Monday.

THE Federal Reserve signalled overnight it sees an end this year to the brutal recession and hinted that it was preparing an “exit strategy” for its unprecedented stimulus efforts.

MANILA, Philippines – The Department of Agriculture (DA) and Nestlé Philippines Inc. (NPI) have signed a memorandum of understanding (MOU) that puts together their expertise and resources to further strengthen the country’s coffee industry.

MANILA, Philippines – The local stock market has bucked the worldwide economic crisis as foreign funds, impressed by the the Philippine economy’s resiliency, have started to trickle back with net foreign buying hitting P7.6 billion in the first half this year, a reversal of the P18.82 billion in net foreign selling during the same period…

MANILA, Philippines – A majority of Filipino adults remained dissatisfied with the performance of President Arroyo, the Social Weather Stations (SWS) reported yesterday.

JAPANESE banana imports are headed for a second straight record gain this year, fueled by fad diets and households looking for cheap food amid the recession.

FILIPINOS working abroad sent more money home in May as more of them found jobs as nurses, sailors and housekeepers.

http://ofwonline.ateneo.edu/index.php?option=com_jumi&fileid=3 MANILA, Philippines—Overseas Filipino workers having problems coping with the isolation may now get free online counseling from the Ateneo De Manila University.

MANILA, Philippines—After 20 years, the Real Estate Service Act (RESA) was signed into law by President Gloria Macapagal-Arroyo on June 29.

GARDEN CITY, NEW YORK—The discrimination claims filed by 26 Filipino nurses and physical therapists in New York have been rejected by a US federal judge.

No doubt the signing of the new rent control law has made a lot of Filipino home renters sigh with relief. Aside from the one-year moratorium, RA 9653 or the Rent Control Act of 2009 limits to seven percent the increase on units being rented at P10,000 until 2013. The law will primarily benefit those…

The European Chamber of Commerce of the Philippines (ECCP) tapped its European IT Service Center Foundation (EITSC) to open a Dual Training System (DTS) program by entering into a new set of public-private partnership.

Foreign professionals entering the country will now be closely monitored by the Bureau of Immigration (BI) to ensure they do not prejudice the interest of their Filipino counterparts.

More or fewer than 16,000 bus drivers and conductors stand to loose their jobs after the Land Transportation Franchising and Regulatory Board (LTFRB) announced that there is no stopping the full implementation of the bus reduction scheme along Edsa.

As the global economic slowdown takes its toll on businesses, more small and medium enterprises (SMEs) in the US have begun outsourcing their back office processes to cut costs, an official of a local contact center association said.

SIX Philippine products, including the country’s century-old export, abaca hemp, will enjoy duty-free access to the American market under the US Generalized System of Preferences (GSP), the Department of Trade and Industry (DTI) said on Wednesday.