The Government Service Insurance System (GSIS) has approved a P600 increase in the monthly pension of its old-age and disability pensioners. Read the rest of this entry »
GSIS hikes monthly pensions by P600
December 13, 2008
State workers, pensioners get bonus
December 13, 2008
State employees and pensioners will soon receive an early Christmas gift, Malacañang said yesterday. Read the rest of this entry »
Seven banks now closed
December 13, 2008
The Monetary Board yesterday closed down three more rural banks identified with the Legacy group and placed them under the receivership of Philippine Deposit Insurance Corp. Read the rest of this entry »
MILF to stop recruiting child soldiers – UN special envoy
December 13, 2008
The Philippines’ main Muslim separatist group has agreed to stop recruiting child soldiers and return those in its ranks to civilian life, a United Nations official said Friday. Read the rest of this entry »
GSIS to increase retirement, disability pensions by January
December 13, 2008
OLD-AGE and disability pensioners of state-run Government Service Insurance System (GSIS) will have a pension increase starting January next year. Read the rest of this entry »
OFW households holding on to cash amid credit crunch
December 13, 2008
AMID a global credit crunch, overseas Filipino worker (OFW) households are holding on to their cash rather than investing them in financial instruments, the Bangko Sentral ng Pilipinas (BSP) said. Read the rest of this entry »
Child warriors appall UN
December 13, 2008
THE United Nations and the Moro Islamic Liberation Front will start next year their talks on an action plan to stop the recruitment of children as soldiers.
Radhika Coomaraswamy, special representative of the Secretary General for Children and Armed Conflict, revealed this yesterday during a press conference in Ortigas, Pasig City. Read the rest of this entry »
ADB scales down RP growth outlook for 2008-2009
December 12, 2008
The Asian Development Bank (ADB) has downscaled its growth outlook for the Philippines from six percent this year to 4.5 percent and from 6.2 percent in 2009 to just 3.5 percent, citing weak exports and direct foreign investment outflows and slower private consumption. Read the rest of this entry »
Government rejects WB forecast for RP
December 12, 2008
The government rejected yesterday the World Bank’s economic growth projections for the Philippines this year and for 2009, saying that the country’s gross domestic product (GDP) is still likely to expand within the 4.1 percent to 4.8 percent projection for 2008 despite the global financial turmoil. Read the rest of this entry »
Monthly pay of OFWs in Middle East doubles despite financial crisis
December 12, 2008
The monthly salaries of Filipino workers employed in various countries abroad have doubled despite the prevailing global crisis, a local recruitment official reported yesterday. Read the rest of this entry »
