MAKATI CITY, Philippines—Organizations that use computers older than three years are spending more on maintenance than those that have invested on new machines, a recent study showed.

MANILA, Philippines – Local micro, small, and medium enterprises (MSMEs) have committed to invest around P140 million in new ventures, potentially generating 1,450 new jobs in Metro Manila, Rizal, Laguna, and Batangas, according to data from the Board of Investments.

MANILA, Philippines – The Bangko Sentral ng Pilipinas said Filipinos expected consumer prices to remain relatively stable over the short term, giving it elbow room to maintain low interest rates.

About 14.4 million, or 40.8 percent of Filipino children in 2006, live in poverty, a government report shows.

As President Arroyo waxed proudly yesterday about the similarity of her supposed cash transfer program with a scheme being implemented in Brazil, where she is on an official visit, a financial assistance scheme for displaced workers in the Philppines has been put off after providing loans to 100 individuals.

The country’s top economist said yesterday the private sector should not be forced to fork in their share in the vague economic resiliency program (ERP) of President Arroyo since their involvement in identifying public infrastructure may involve conflict of interest.

Print US consumer spending posted a modest gain in May but savings vaulted amid massive government stimulus spending aimed at pulling the economy out of recession, official data showed Friday.

JAKARTA – INDONESIA ordered employment agencies to stop sending its citizens to Malaysia to work as maids following a flood of complaints from domestic workers that their employers abused them, a government minister said on Thursday.

For several decades, educators believed that education is preparation for life and is normally taken under a formal and structured system. A process of instructing, training and of providing knowledge, skills and abilities, the purpose of which is to educate the person. Later on the concept of formal and informal education led to a more…

CEBU CITY: The Trade Union Congress of the Philippines (TUCP), the country’s largest labor group, urged the government and the private sector to implement more aggressive strategies to contain the spread of the Influenza A(H1N1) virus, warning that it could soon invade the country’s factories and diminish labor productivity.

The Housing and Urban Development Coordinating Council (HUDCC) and the Home Development Mutual Fund (Pag-IBIG Fund) announced Thursday that the Fund is offering penalty condonation to delinquent companies or employers.

The number of poor Filipino households was expected to go up this year because of the global economic crisis, an official of the National Statistical Coordination Board said Thursday.

Small and medium enterprises (SMEs) in the Philippines were cutting costs and shifting strategies to stay alive amid the global economic slowdown, a recent poll showed.

MANILA, Philippines – Studies by the Asian Development Bank revealed that the Philippines has one of the highest annual deforestation rates in East and Southeast Asia at 1.4 percent, a senior House member said.

“Would you buy a used car from this man?” That was the question asked of many Americans when Richard Nixon ran for President of the US. Today, the question being asked of the Filipino electorate is, would you trust the outcome of the elections to a company long suspected of having ties or influencing the…

NEW YORK – The world’s population of millionaires shrank dramatically last year as the global economic crisis took its toll on the wealthy, according to a report by Merrill Lynch Global Wealth Management and consulting firm Capgemini.

MANILA, Philippines – Housing and Urban Development Coordinating Council Chairman Vice President Noli de Castro said the Philippines is looking to complete the housing backlog of close to 3.8 million, as more potential buyers have been flooding the mass housing market.

MANILA, Philippines – Exports are expected to decrease by up to 30 percent this year as consumer demand from the Philippines’ major markets are projected to drop further, an economist said yesterday.

MANILA, Philippines – Pangasinan Rep. Mark Cojuangco said his proposal to revive the Bataan nuclear plant should not be turned into a “political and an emotional issue.”

MANILA, Philippines—The Kingdom of Saudi Arabia should revoke its new immigration policy that blacklists foreign workers who run away from their usually abusive employers, an alliance of overseas Filipino workers’ organizations in the Middle East said Thursday.

MANILA – The slowing growth pace of exports, remittances, and foreign direct investments (FDI) will pull the country’s economic growth to a range of -1 and 1 percent this year, an economist said Thursday.

The Organisation for Economic Cooperation and Development says the world economy is near the bottom of the worst recession in post-war history.

The US and European Union (EU) have filed complaints that China is unfairly limiting its raw material exports.

MANILA, Philippines – Some P30 billion in unpaid premiums from various government agencies and units are hampering the operations of the Government Service Insurance System as well as its ability to pay out benefits.

MANILA, Philippines — The lead proponent in the revival of the Bataan Nuclear Power Plant (BNPP) at the House of Representatives appealed to critics to keep politics out of his initiative and see it as the only viable answer to the country’s looming energy woes in the coming years.

MANILA, Philippines–The rapidly changing weather pattern blamed on global warming is hurting the fishing industry, depriving fishermen and their families not only of income but also their own places to live.

MANILA, Philippines – The Government Service Insurance System (GSIS) is running after an estimated P30 billion in arrears and remittances from government-owned agencies and local government units (LGUs).

“We cannot equip the youth of the future with the tools of the past,” wrote former DepEd Undersecretary and UNESCO Principal Director Victor Ordoñez in his blog shortly before he died. These words will continue to outlive him, because they express both the problem of and the solution to our educational situation today.

MANILA, Philippines – The government may opt to secure a 100-percent stake in the once-privately held Metro Rail Transit Corp. (MRTC) after it has already acquired a 75-percent controlling stake through state-owned banks Development Bank of the Philippines (DBP) and the Land Bank of the Philippines (Landbank), a Finance official has said.

MANILA, Philippines – The country’s banking industry is forecasting lending activities to slow down this year as borrowers cut back on loans.