PARIS (AFP) – The global financial crisis has sent a wave of rising unemployment across the world as vulnerable workers suffer from the downturn in economies interlinked by globalisation, experts say. Read the rest of this entry »
Global unemployment soars due to worsening downturn
January 25, 2009
New Guinness record for RP: Most killings in 2004
January 25, 2009
The Philippines has made it to this year’s “Guinness Book of World Records” for having the most number of recorded murders based on United Nations data in 2004, an election year. Read the rest of this entry »
Hundreds of Pinoys losing jobs daily as world economy slows down
January 24, 2009
Hundreds of people in the country are losing their jobs everyday as the global economy slows, Labor Secretary Marianito Roque said yesterday Read the rest of this entry »
Sotto hits back at CHR, NUSP on random drug testing
January 23, 2009
Dangerous Drugs Board (DDB) chairman Vicente Sotto III slammed the Commission on Human Rights (CHR) and the National Union of Students of the Philippines (NUSP) for criticizing the agency’s plan to subject students nationwide to random drug tests. Read the rest of this entry »
Intel shuts down plants in RP, Malaysia, US on slow demand
January 23, 2009
WASHINGTON – Intel Corp., the world’s biggest maker of computer chips, will close its manufacturing plants in the Philippines and Malaysia, as well as its only remaining factory in Silicon Valley, cutting as many as 6,000 jobs, the California-based company said in a statement yesterday. Read the rest of this entry »
Toyota Motors Phils posts record sales of 45,915 units in 2008
January 23, 2009
Toyota Motor Philippines Corp. (TMP), the country’s largest car manufacturer, announced yesterday that it recorded an all-time high sales of 45,915 units in 2008 despite the general slowdown in global consumer demand. Read the rest of this entry »
2008 growth seen weakest in 7 years
January 23, 2009
The economy may have grown at its slowest pace in seven years in 2008, dragged down by high inflation and the impact of the global economic downturn, the National Economic and Development Authority (NEDA) said yesterday. Read the rest of this entry »
Government urged to encourage consumers to buy local goods
January 23, 2009
Local industries are asking the government to encourage consumers to buy locally produced goods in order to help Filipino businessmen cope with the global recession. Read the rest of this entry »
Recruiters press for P55-to-$1 rate
January 23, 2009
The local recruitment industry urged the government yesterday to allow the peso to depreciate to a 55 per dollar rate to encourage the eight million Filipino workers abroad to send more money back home and boost the country’s economy. Read the rest of this entry »
Bataan lawmakers back BNPP rehabilitation
January 23, 2009
BALANGA CITY – Two Bataan representatives have expressed support for the $1 billion rehabilitation of the mothballed Bataan Nuclear Plant Project (BNPP) in the coastal village of Morong town if the Korean firm undertaking an exhaustive feasibility study finds it safe to the residents and non-hazardous to the environment. Read the rest of this entry »
