Monthly Archives: February 2011

Cybercrime: Why it’s the new growth industry

Published by reposted only Date posted on February 28, 2011

Takeaway: Deb Shinder takes a closer look at cybercrime trends to explain why it is seeing double-digit growth and what is being done to counteract this expanding industry.

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Banks’ bad loans down to a 13-month low—BSP

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The non-performing loan ratio of universal and commercial banks to total credits fell to 2.96 percent in December, the first time it dropped below 3 percent in 13 years, Bangko Sentral said Friday.

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Local firms in expansion mode – BSP

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MANILA, Philippines – A survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed that more and more companies are planning to expand their operations and hire more workers in the Philippines this year after the country posted its strongest economic growth in 34 years last year.

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Government plans to create ecozones for local firms

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MANILA, Philippines – In a bid to spur investments in less developed regions in the country, the national government is looking at creating an ecozones for local enterprises that will exempt locators from paying business tax.

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How to make employees more productive

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Remember when the Philippines was No. 1 in Asia and our Asian neighbors could only look on in envy and learn from us? That golden age can be ours again if we just learn to value excellence, according to a licensed clinical psychologist.

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More, persuasive, insights

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More views against the RH bill are pouring in. Apparently they have not been considered by the Lower House Committee before the bill was endorsed to the entire body for approval in the plenary session. Hence for the enlightenment of our legislators and the entire citizenry, presented here are some more of these views, one…

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AFP chief urges Congress to find cash source for retirees’ pension

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MANILA, Philippines – Armed Forces chief Gen. Ricardo David Jr. urged yesterday Congress to find funds to finance the unpaid pension benefits of retired soldiers.

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ASEAN still struggling to close development gap

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Standing along the Mekong riverbank in Vientiane, Laotians can clearly see Thailand’s blistering prosperity compared to their own, with high-rise apartment buildings coupled with concrete housing standing along the river on the other side.

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Philippines continues to shine as call center hub as Egypt woes threatened its own plans

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The outsourcing industry is ever volatile and can be subject to the political and economic whims that threaten a country. While sometimes unrest in a country may have little effect on a call center services outsourcing hub, as when unrest in the Philippines made headlines last year and its current state now, it can also…

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How to prevent genital, cervical cancer

Published by reposted only Date posted on February 27, 2011

ANILA, Philippines – The reproductive health bill has caused major uproar from many citizens in the country, especially those who believe that it goes against religion.

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Trade deficit narrows in 2010

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MANILA, Philippines – The country’s trade deficit narrowed last year as exports rose faster than imports, the National Statistics Office reported on Friday.

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8 hard-earned career lessons

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LUIS Calingo Jr recalled how he almost got himself kicked out of engineering school at the University of the Philippines. Enjoying his first wind of freedom, cutting classes to join demonstrations and hanging out with his fraternity brods, his grades plummeted and he lost his scholarship. The timely intervention of a fatherly professor, who pulled…

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Groups urge Aquino

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GLOBAL WARNING TO ‘green the MTPDP’ in an open letter Dear President Aquino: It is our interest to support your administration in its pursuit for reforms particularly in light of your social contract with the Filipino people. We see the utmost importance of a well-crafted Medium Term Philippine Development Plan (MTPDP 2011-2016) in clearly defining…

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Why competition in WESM causes costly ‘kuryente’

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The Philippines is known for having the most expensive electricity in Asia, second only to Japan. Yet our per capita consumption of electricity is less than a fifth of Japan’s, and our per capita income much lower—a mere 4.4 percent.

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Unmasking the true cost of electricity

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A conference of vital importance to Filipino households and the entire economy was held January 22 to 25 in San Mateo, Rizal, on the theme “Unmasking the true costs of electricity in the Philippines.” Organized by consumer groups under the umbrellas of the Freedom from Debt Coalition and the Foundation for a Sustainable Society Inc.,…

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How ERC’s manner of regulation pushes rates up and consumers’ welfare down

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June 2011 marks the tenth year of the Electric Power Industry Reform Act or Epira. This Asian Development Bank-sponsored project had two categorical promises to the Filipino consumers—reliability of power supply and lower electricity rates.

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EU awaits Phl confirmation on interest to pursue FTA

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MANILA, Philippines – The European Union is awaiting the Philippines’ official confirmation on its expression of interest to engage in serious negotiation for a free trade agreement (FTA) with the EU.

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BPO sector to play major role in Phl economic growth this year – WB

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MANILA, Philippines – The Philippine economy is projected to expand by five percent in 2011 with the business process outsourcing (BPO) industry expected to play an important role, according to the World Bank.

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Bad news affects morale – EU envoy

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MANILA, Philippines – The European Union’s new ambassador is urging the local media to highlight positive news even as he acknowledges the importance of exposing unsavory developments in the country, particularly in government.

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Aquino names 3 tycoons to ASEAN-BAC

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President Benigno Aquino III has named three business tycoons as members of the Association of Southeast Asian Nation—Business Advisory Council (ASEAN-BAC). The appointments of Teresita Sy-Coson of the SM Investment Corporation, Manuel Pangilinan, chairman of the Philippine Long Distance Telephone (PLDT) Company, and Jay Yuvallos of the furniture manufacturing and exportation business in Cebu was…

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134 Pinoys evacuated from Libya

Published by reposted only Date posted on February 26, 2011

MANILA, Philippines (Xinhua) – Some 134 Filipinos are now out of Libya and on their way home while 13,000 more will be repatriated in light of escalating tensions in the North African state, the Department of Foreign Affairs said today.

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PH credit cards hit 6.5m despite rising complaints

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The number of credit cards in use in the Philippines rose to 6.5 million as of February this year, prompting Bangko Sentral to respond to growing complaints against abuses in the use of these cards.

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Imports rose 27% in 2010

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Philippine imports surged 26.9 percent in 2010 from a year earlier on strong demand from local manufacturers of electronic inputs, raw materials and other intermediate goods, government data show Friday.

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Worse than slavery

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Karl Marx was correct in his observation that ownership is indivisible to one’s interest. Thus, if the capitalists have their interest on their capital to freely use it to create wealth, the same is true to the workers on their right to sell their labor to determine how much their services would cost in the…

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Muntinlupa council rejects barangay ban on contraceptives, sex ed

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MANILA, Philippines – The Muntinlupa City council has remanded an Ayala Alabang ordinance banning sex education and the sale of contraceptives back to the barangay council after finding some of its provisions contrary to existing national laws, an official said yesterday.

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Ayala Alabang ban on condoms faces judicial challenge

Published by reposted only Date posted on February 25, 2011

CATHOLIC residents of Ayala Alabang have passed a village ordinance banning sex education, condoms, pills and other birth control devices in their posh subdivision, triggering a constitutional challenge from their equally rich but more famous neighbors such as former President Fidel Ramos, Senator Pia Cayetano, former Health secretary Esperanza Cabral, and Muntinlupa Rep. Rodolfo Biazon.

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Liberals want pork barrel perks spread among civil society allies

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A BILL backed by the Liberal Party has been filed to “democratize the power of the purse” by giving civil society groups equal footing with lawmakers in crafting the national budget.

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Anti-RH bill street protests in Bacolod, Tacloban, Ormoc

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After Tuesday’s 20,000-strong march in Bacolod City opposing the passage of the controversial reproductive health (RH) bill, Church and pro-life groups are gearing up to hold more street protests this weekend in the Eastern Visayas cities of Tacloban and Ormoc.

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Ayala Alabang requires prescription for condoms

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MANILA, Philippines – Barangay Ayala Alabang in Muntinlupa City is now requiring people who buy condoms to present a doctor’s prescription.

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Govt sets up special lanes for Taiwan-bound OFWs

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Five government agencies have set up special windows to expedite the processing of documents and requirements for the visa of Taiwan-bound Filipino workers amid the rift between Manila and Taipei.

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