Monthly Archives: December 2008

More economic pain seen in 2009, but some hope too

Published by reposted only Date posted on December 31, 2008

SINGAPORE/NEW YORK (Reuters) – Many investors said good riddance on Wednesday to one of the worst years on record and prayed that government rescue plans will pull the global economy out of its fierce tailspin later in the new year.

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Bulacan pyrotechnics industry bleeding

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MALOLOS CITY – Bulacan pyrotechnics manufacturers are counting on the law of economics to level the playing field for the local pyrotechnics industry against smuggled fireworks.

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Year 2008: Crisis after crisis hits RP

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The see-saw economy, disasters both man-made and natural, sporting zeroes and heroes, and the usual political rigmarole dominated the headlines in the year just past.

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Jobless rate may double if crisis worsens in 2009

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The Department of Labor and Employment (DOLE) yesterday warned of a record high unemployment rate in the coming year due to the prevailing global economic crisis.

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Flour industry sees better year

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The flour industry is expected to bounce back next year after a difficult 2008 wherein prices became unstable as a result of the sharp increases in oil prices.

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Karapatan

Published by anna Date posted on

by Honesto General from Philippine Daily Inquirer On Dec. 10, in observance of the 60th year of the of the Universal Declaration of Human Rights, the group Karapatan, at a news briefing in a Quezon City restaurant, presented a 32-page 2008 Human Rights Report, which was featured by the Philippine Daily Inquirer in a front-page…

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OFW scene

Published by reposted only Date posted on December 30, 2008

While a number of overseas Filipino workers, many from Taiwan, have been returning home jobless, Philippine Overseas Employment Administration records show that around 3,000 leave every day to work abroad. As the OFW picture keeps changing, note these POEA concerns: • The nationalization policy in many Gulf countries limits hiring foreign workers, particularly unskilled labor.…

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We pay sewage service fee, but where’s sewer?

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A WHAT?: All businesses and households in Metro Manila, home to some 12 million residents spread over 620 square kilometers, pay a hefty “sewer” charge with their water bill, but most of them are not even aware of it.

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CHED not worried over budget cuts for 21 colleges

Published by reposted only Date posted on

Commission on Higher Education (CHED) chairman Dr. Emmanuel Angeles III is not worrying over the reported cut on the budget of some 21 state universities and colleges (SUCs) made by the Senate, saying any such move would still be decided in the bicameral budget committee.

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92% of Pinoys enter ’09 with hope – poll

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Nine out of 10 or 92 percent of Filipinos look forward to the New Year with hope rather than fear, a survey by the Social Weather Stations (SWS) showed.

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Closing shop

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During these challenging times, foreign and local investors in the Philippines are looking into ways to cushion the effects of the global financial crisis on their businesses. For some, merger or consolidation of corporations is seen as a viable solution. But to the not so fortunate, closure or dissolution of a corporation is inevitable.

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Budget deficit to reach P160B next year – Recto

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The government’s budget deficit could swell to as much as P160 billion in 2009 or two percent of gross domestic product (GDP), Socioeconomic Planning Secretary Ralph Recto said.

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Yearender: A promising start ends with much difficulty for agriculture sector in 2008

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The year 2008 started promisingly. Higher production targets were set for palay and corn. The hog and poultry sector were continuing their recovery while the fisheries sector sustained its growth.

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RP has enough forex reserves – BSP

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The country has enough foreign exchange reserves to cushion the economy from the impact of the expected slowdown in portfolio inflows from investments and exports.

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9 simple steps to make 2009 your year to get healthy

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You can’t control genetics or the guy on the bus who sneezes on you, but many factors that affect your health are well within your control. Here are nine simple and surprising ways to improve your and your family’s health in 2009.

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Winners, Lossers in Financial Crisis

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by Cris Evert Lato from Cebu Daily News CEBU CITY, Philippines – About 30 percent of overseas Filipino workers (OFWs) are working in the United States, according to research group Ibon Foundation.

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Government action urged to prevent loss of investor confidence

Published by reposted only Date posted on December 29, 2008

The risk aversion of foreign investors should not be allowed to spill over to local investors whose loss of confidence could trigger a drastic drop in economic activity, the country’s top banker said.

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Japanese firms eye RP for O&O needs

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The Japanese are looking at the Philippines as a possible site for outsourcing and offshoring (O&O), a ranking government official said.

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Yearender: 2008 an extremely stressful and difficult year – Teves

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Finance Secretary Margarito Teves described the year 2008 as “extremely stressful and difficult.” Teves has more than enough reasons to describe the year as such.

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Potential collapse of US automakers caps turbulent year

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CHICAGO (AFP) – The potential collapse of the Detroit Three carmakers capped a turbulent year in the global automotive industry in which worldwide sales crashed and iconic brands swapped hands.

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DENR to revise mineral investment targets

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The Department of Environment and Natural Resources (DENR) is set to review and revise its mineral investment targets in the face of the global economic slowdown.

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Infrastructure projects pushed to pump-prime economy

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The government will push state agencies to spend more on various infrastructure projects as part of efforts to pump-prime the economy amid a global financial turmoil, a Cabinet official said.

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No wage hike in 2009 – DOLE

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The Department of Labor and Employment (DOLE) yesterday ruled out the possibility of an increase in minimum wage rates next year.

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RP adopts ‘zero-tolerance’ policy versus sexual abuse

Published by reposted only Date posted on December 27, 2008

The Philippines has adopted the “zero-tolerance” policy against sexual abuse and other misconduct involving Filipino peacekeepers in United Nations mission areas.

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CPP losing public support – AFP

Published by reposted only Date posted on

The military sees the defeat of the communist rebellion in 2010 as rebel leaders in the Philippines are defying their superiors living in exile in the Netherlands.

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Yearender: Peace with Reds as elusive as ever

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Peace talks between the government and the National Democratic Front (NDF), stalled since 2004, showed no encouraging signs of being revived in 2008.

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8 firms tagged as Bulacan river’s major polluters

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Eight industrial companies have been identified as among the “major polluters” of the Marilao-Meycauayan-Obando river system, which has been named as one of the world’s 10 dirtiest rivers.

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US retailers’ holiday sales plummet

Published by reposted only Date posted on

NEW YORK (Reuters) – Retailers’ sales fell as much as 4 percent during the holiday season, as the weak economy and bad weather created one of the worst holiday shopping climates in modern times, according to data released on Thursday by SpendingPulse.

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Japanese production in historic plunge amid global slump

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TOKYO (AFP) — Japanese production fell at the fastest rate on record in November as firms closed factories and cut jobs due to slumping demand brought on by the global economic crisis, according to the latest data.

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Yearender: RP banks sail through rough financial seas in 2008

Published by reposted only Date posted on

As global markets reel from the impact of the financial crisis that has claimed among its victims corporate giants from the US to Europe, Philippine banks have, thus far, emerged largely unscathed, the country’s top central banker points out.

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The old one isn't working. We need bolder leadership and MORE EXACTING EXECUTION
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