Bad News

RP one of 10 hardest places to start a business

Published by reposted only Date posted on September 10, 2009

DESPITE the tax and credit reforms the Philippines instituted the past year, the country fell three ranks to place 144th in a list of 183 economies in the 2010 Doing Business Report as it remains one of 10 places in the world investors find most difficult to start and close a business.

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RP not doing enough for good governance

Published by reposted only Date posted on June 30, 2009

The Philippines’ progress in governance and anti-corruption over the past decade failed to make improvements and was still behind its neighboring countries, the World Bank reported.

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UN tags RP world’s shabu supply center

Published by reposted only Date posted on June 28, 2009

The United Nation’s Office on Drug and Crime (UNODC) issued a stinging slap on the face of the country’s anti-drug czar President Arroyo after it named the Philippines a major transshipment point for methamphetamine hydrochloride or shabu and ranked it among the top five sources in the world of the illegal drug.

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Remonde says: RP ranks among top shabu producers

Published by reposted only Date posted on June 27, 2009

Because it dismantled labs MANILA, Philippines—The branding of the Philippines as a top producer of shabu stemmed from its law enforcement agencies’ success in dismantling illegal drug operations and clandestine laboratories, a Malacañang official said Saturday.

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RP one of unsafest places on Earth

Published by reposted only Date posted on June 17, 2009

GENEVA—Because of its exposure to natural hazards, the Philippines is one of the unsafest places on earth.

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Funds remain idle in central bank vault

Published by reposted only Date posted on June 10, 2009

Funds parked at the Bangko Sentral continued to rise in May despite a series of rate cuts aimed at increasing lending to businesses.

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Filipino households’ savings rate declining, ADB reports

Published by reposted only Date posted on June 5, 2009

Household savings rates of Filipinos have been declining over the years because of the impact of a growing young population on the economy, the Asian Development Bank (ADB) reported Thursday.

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Remittances idle in banks

Published by reposted only Date posted on June 3, 2009

About P80 billion worth of funds lay idle in the banks in the first quarter of 2009, as news of global economic recession forced families of migrant Filipino workers to save their money instead of spend them, resulting in a dismal 0.4-percent growth in gross domestic product during the period.

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Pinoys saving money amid economic crisis

Published by reposted only Date posted on May 15, 2009

Affluent Filipino consumers are holding back on spending because of economic uncertainties they anticipate in the next 12 months caused by the financial turmoil, according to Nielsen Company survey.

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Listed firms raise cash payout despite crisis

Published by reposted only Date posted on May 14, 2009

DESPITE the current economic slowdown, listed companies raised the amount they paid out to stockholders at the end of the first quarter this year, based on data released by the Philippine Stock Exchange (PSE).

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Rise in tax delinquency among firms seen

Published by reposted only Date posted on May 6, 2009

MANILA, Philippines—The Bureau of Internal Revenue believes that several corporate taxpayers have been dodging payments of their tax obligations.

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Only 3 million Pinoys listed as taxpayers

Published by reposted only Date posted on May 1, 2009

MANILA, Philippines – Only about three million Filipinos are registered as individual taxpayers with the Bureau of Internal Revenues (BIR), the Department of Finance (DOF) announced yesterday.

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Manilans reducing spending

Published by reposted only Date posted on April 16, 2009

NINE out of 10 Filipinos in Metro Manila have cut down on their spending out of fear they will make less money as a result of the economic crunch, but are optimistic the economy will get better, a survey says.

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Amid economic slowdown, job cuts, top companies give out generous reward to owners

Published by reposted only Date posted on March 30, 2009

TOP companies raised by a fifth the cash reward for their owners last year amid an economic slowdown that has seen more firms slash jobs.

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Qualified college graduates rare – BPOs

Published by reposted only Date posted on March 22, 2009

MANILA, Philippines – Business process outsourcing (BPO) firms are still struggling to find qualified workers from the ranks of graduates of Philippine colleges and universities.

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OFW families are saving more, survey shows

Published by reposted only Date posted on March 18, 2009

MANILA, Philippines – Families of overseas Filipino workers (OFWs) are saving more of their family income as consumers brace against the full impact of the economic slowdown.

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Rich not paying enough taxes, research firm says

Published by reposted only Date posted on January 15, 2009

MOST of the rich Filipinos evade taxes, and many are members of civil society groups preaching compassion and demanding the rule of law, an official said yesterday.

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Filipinos least prepared for retirement, study shows

Published by reposted only Date posted on March 25, 2008

MANILA, Philippines — Filipinos start thinking about retirement early but still end up the least prepared when they actually reach old age, prompting most to seek work past retirement, according to a global retirement study conducted by Paris-based AXA.

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IMF, OECD hit alarm buttons for crisis-hit global financial system

Published by reposted only Date posted on March 17, 2008

PARIS, March 17, 2008 (AFP) – The IMF and OECD, two top world economy forecasters, struck alarmist notes Monday about crisis and threatening stagflation in the financial system and the need for measures to shore it up as markets sent distress signals. Only hours after the US Federal Reserve took emergency weekend action to keep…

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Religious leaders most trusted, politicians least trusted, says study

Published by reposted only Date posted on January 18, 2008

FILIPINOS trust their religious leaders more than politicians and would probably elect them.

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Filipinos have low financial IQ, says Citibank

Published by reposted only Date posted on

FILIPINOS are not financially savvy enough to help them tide over rough times and plan for a comfortable retirement, a survey by Citibank N.A. showed.

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Pinoys waste P22 M worth of rice every day – study

Published by reposted only Date posted on

BAGUIO CITY – Filipinos are big “rice wasters.” The National Food Authority (NFA) said at least 25,000 sacks of rice amounting to about P22 million are wasted daily.

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Woman says she got cancer from dad exposed to asbestos

Published by reposted only Date posted on February 16, 2007

LONDON – A British woman who claims she contracted cancer from hugging her father, who worked with asbestos, is suing the Ministry of Defence for 75,000 pounds ($146,000).

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TUCP to presidential hopefuls; the country needs a break from tradition

Published by anna Date posted on March 21, 2004
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Categories for Archives articles

Time for a new gender-equality playbook

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