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Content about Economics

November 4, 2011
Philippine financial system stable

 

MANILA, Philippines (Xinhua) (Nov. 4, 2011) - The Philippine financial system was in good shape in the first half of this year as evidenced by steady lending growth, expanding assets, stable funding base and abundant liquidity, the central bank reported today.

"The seeds of earlier reforms nurtured by the currently improving macroeconomic environment and global investor sentiment to the Philippine sovereign continue to bear fruit as the Philippine financial system sustained its growth spurt for the first semester of 2011 amidst global economic slowdown," Central Bank Governor Amando M. Tetangco Jr. said in a statement...

MANILA, Philippines (Xinhua) (Nov. 4, 2011) - The Philippine financial system was in good shape in the first half of this year as evidenced by steady lending growth, expanding assets, stable funding base and abundant liquidity, the central bank reported today.

September 17, 2011
PCIC pays out P2.5 million to 300 farmers

BULA, Camarines Sur (Sep 16, 2011) - The Philippine Crop Insurance Corporation (PCIC) made a payout of P2.5 million to more than 300 farmers who suffered crop losses due to flood caused by Typhoon Juaning.

BULA, Camarines Sur (Sep 16, 2011) - The Philippine Crop Insurance Corporation (PCIC) made a payout of P2.5 million to more than 300 farmers who suffered crop losses due to flood caused by Typhoon Juaning.

According to Gerry Obias, spokesman of PCIC Regional Office based in Legazpi City, a total of 312 farmers in the Rinconada district, including 75 farmers in the town of Bula and 35 farmers in Bato, are the beneficiaries of the said insurance payout. The farmer beneficiaries suffered losses in a combined area of 500.1 hectares.

July 8, 2011
Gasoline subsidy cards distributed in Naga

NAGA CITY (July 6, 2011) – Today at least 1,580 beneficiaries of Pantawid Pasada Program (3P’s) of the Aquino administration received gasoline subsidy of the government through smart cards distributed by the Department of Energy (DOE).

NAGA CITY (July 6, 2011) – Today at least 1,580 beneficiaries of Pantawid Pasada Program (3P’s) of the Aquino administration received gasoline subsidy of the government through smart cards distributed by the Department of Energy (DOE).

DOE Undersecretary Zenaida Monzada who led the awarding of cards to jeepney drivers and operators confirmed the program is a onetime subsidy of the government amounting to P1, 050 per vehicle regardless who owns the it and how many unit a particular operator possesses.

May 1, 2011
Nation Celebrates First Labor Day Under P-Noy

MANILA, Philippines (May1 2011) - The country celebrates its first Labor Day under the Aquino administration today with calls from the labor sector for President Aquino to uplift their standard of living.

MANILA, Philippines (May1 2011) - The country celebrates its first Labor Day under the Aquino administration today with calls from the labor sector for President Aquino to uplift their standard of living.

The Philippine National Police went on full alert as part of its security preparations for today’s celebration, anticipating a huge rally dubbed as the People’s Day of Outrage Protest from the labor sector.

February 16, 2011
New Methodology Distorts Reality of Poverty in Philippines

Research group Ibon criticizes the government’s new poverty methodology as unreflective of the real situation of poor Filipinos, saying that the adjustments made on the already flawed methodology has further distorted the picture of poverty in the country.

Research group Ibon criticizes the government’s new poverty methodology as unreflective of the real situation of poor Filipinos, saying that the adjustments made on the already flawed methodology has further distorted the picture of poverty in the country.

January 3, 2011
Workers Gear Up for More Battles as Aquino Gov't Continues to Favor Big Business

MANILA — In 2010, Filipino workers were treated to glittering promises of change as newly elected President Benigno Aquino III replaced Gloria Macapagal-Arroyo in Malacañang. After nearly 10 years of Arroyo’s wage freeze amid economic policies that resulted in continuously rising prices of basic commodities and services, record joblessness, violations of human rights and trade union rights, Aquino’s promises naturally brought hope.

MANILA — In 2010, Filipino workers were treated to glittering promises of change as newly elected President Benigno Aquino III replaced Gloria Macapagal-Arroyo in Malacañang. After nearly 10 years of Arroyo’s wage freeze amid economic policies that resulted in continuously rising prices of basic commodities and services, record joblessness, violations of human rights and trade union rights, Aquino’s promises naturally brought hope.

December 14, 2010
Call Center Employees in the Philippines Receive Low-End Jobs, Low Salaries

MANILA – The news that the Philippines has overtaken India in the number of new hires in the call center industry has prompted a labor education NGO recently to warn industry stakeholders and the government against risking its workers’ welfare for the sake of such boom, or the projected boom up to 2016.

MANILA – The news that the Philippines has overtaken India in the number of new hires in the call center industry has prompted a labor education NGO recently to warn industry stakeholders and the government against risking its workers’ welfare for the sake of such boom, or the projected boom up to 2016.

November 21, 2010
PPP: More Public Debt, Less Government Responsibility

Manila –Aside from further bloating the debt burden, Aquino’s PPP thrust will also facilitate increased corporate takeover of government roles and at the expense of public interest

Manila –Aside from further bloating the debt burden, Aquino’s PPP thrust will also facilitate increased corporate takeover of government roles and at the expense of public interest

On November 17-19, Malacañang will host a major event called “Infrastructure Philippines 2010” or what is referred to in the media as the public-private partnership (PPP) summit. This is an important summit for President Benigno “Noynoy” Aquino III, who has made PPP the centerpiece of his administration’s development plan.