Monthly Archives: December 2009

TUCP Message to the 2nd day of the National Tripartite Conference on Principles of FOA

Published by reposted only Date posted on December 2, 2009

TUCP MESSAGE National Tripartite Conference on Principles of Freedom of Association: Towards Fair Globalization and Decent Work 03 December 2009, Sofitel Philippine Plaza, Pasay City

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Lapiang Manggagawa Mark III?

Published by reposted only Date posted on December 1, 2009

Last week, we saw that there have been two parties called Lapiang Manggagawa (LM, Labor Party) — one formed in the 1920s which acted as a stepping-stone to the formation of the Partido Komunista ng Pilipinas (PKP) in 1930, and the second founded on the initiative of the PKP in 1963 as a legal means…

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Pilipinas Shell’s 9-month profits up 50% to P7.6b

Published by reposted only Date posted on

Pilipinas Shell Petroleum Corp., the smaller of the two oil refineries in the country, posted a net income of P7.6 billion in the first nine months of the year, up 50 percent from P5 billion year-on-year, despite sharply lower sales.

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Philippines losing billions yearly from pollution

Published by reposted only Date posted on

Air pollution costs the Philippines billions of dollars a year and kills thousands of people annually, according to the World Bank report released Monday. The World Bank, in its report “The Philippines: Country Environmental Analysis,” said that outdoor air pollution has cost the Philippines more than 1 percent of gross national product (GNP).

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Bring back the rule of law

Published by reposted only Date posted on

“Where the law is subject to some other authority and has none of its own, the collapse of the state, in my view, is not far off; but if law is the master of the government and the government is its slave, then the situation is full of promise and men enjoy all the blessings…

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Dubai crisis threatens OFW market

Published by reposted only Date posted on

Analysts forecast cut in remittances MANILA, Philippines – A brewing debt crisis in Dubai has raised a specter of gloom on the Philippines, where many households have been relying on petrodollars sent home by a large pool of overseas workers in the Middle East.

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Dubai debt crisis: Should Filipinos worry?

Published by reposted only Date posted on

MANILA – The Philippines is watching 3 key areas that may take a hit from the ongoing Dubai debt crisis: volume of remittances, foreign exchange rates, and the cost of foreign borrowings sourced from global bond market. The 3 indicates the Philippines’ possible areas of vulnerability when a global economic or financial event ensues.

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Real estate, auto loans up 13% in September

Published by reposted only Date posted on

MANILA, Philippines – Total residential real estate and auto loans continued to post double-digit growth rates in the first nine months of the year despite a slower economic growth brought about by the global economic crisis.

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Overseas Pinoys send home more money due to calamities

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MANILA, Philippines – Due to recent calamities that hit the country and the coming Holiday season, Filipino workers in Canada and other countries have sent home more money to their families back home.

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IMF says RP banks remain resilient

Published by reposted only Date posted on

MANILA, Philippines – The International Monetary Fund (IMF) said the local banking system remained resilient after the Bangko Sentral ng Pilipinas (BSP) managed to put in place reforms aimed at containing the effects of the global financial crisis.

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Number of Pinoy families who consider themselves poor declines

Published by reposted only Date posted on

MANILA, Philippines – The number of Filipino families who consider themselves poor slightly declined, following typhoons “Ondoy” and “Pepeng” that hit the country, according to a latest survey by the Social Weather Stations (SWS).

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Nearly 3,000 OFWs detained on criminal charges

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MANILA, Philippines – There are around 3,000 Filipinos detained overseas on criminal charges, the Department of Foreign Affairs (DFA) reported yesterday.

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