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. Read the rest of this entry »
Closing shop
December 30, 2008
Budget deficit to reach P160B next year – Recto
December 30, 2008
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. Read the rest of this entry »
Yearender: A promising start ends with much difficulty for agriculture sector in 2008
December 30, 2008
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. Read the rest of this entry »
RP has enough forex reserves – BSP
December 30, 2008
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. Read the rest of this entry »
9 simple steps to make 2009 your year to get healthy
December 30, 2008
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. Read the rest of this entry »
Winners, Lossers in Financial Crisis
December 30, 2008
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. Read the rest of this entry »
Government action urged to prevent loss of investor confidence
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. Read the rest of this entry »
Japanese firms eye RP for O&O needs
December 29, 2008
The Japanese are looking at the Philippines as a possible site for outsourcing and offshoring (O&O), a ranking government official said. Read the rest of this entry »
Yearender: 2008 an extremely stressful and difficult year – Teves
December 29, 2008
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. Read the rest of this entry »
Potential collapse of US automakers caps turbulent year
December 29, 2008
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. Read the rest of this entry »
