The International Monetary Fund (IMF) estimated the combined exposure of local banks to troubled American financial institutions at $1.5 billion or P70.5 billion, comprising 13 percent of their combined equity but it said banks at the moment “on average” are well capitalized and are expected to withstand the losses. Read the rest of this entry »
Banks’ exposures to failed US firms at P70.5B — IMF
February 19, 2009
Filipinos losing jobs in South Korea rise
February 19, 2009
A rising number of Filipinos are reportedly among the thousands of workers being laid off in South Korea because of the global financial crunch, an embassy report said yesterday. Read the rest of this entry »
China hits RP claim on parts of Spratlys
February 19, 2009
‘A violation of Chinese sovereignty’
BEIJING—China Wednesday slammed the Philippines for laying claim to parts of the disputed Spratly Islands, calling the move a violation of Chinese sovereignty. Read the rest of this entry »
Call to ‘bury’ Bataan Nuclear Power Plant heats up
February 18, 2009
BALANGA City, Bataan: The call “to bury” the Bataan Nuclear Power Plant (BNPP) in Napot Pt. at the Bataan mountain town of Morong has snowballed with the gathering of anti-nuclear veterans and new generation of advocates in a symposium Monday for a new fight against the re-commissioning of what they call as the “Monster of Morong.” Read the rest of this entry »
Experts warn vs. unregulated health supplements, medicines
February 18, 2009
Not all food supplements and herbal medicines being sold in the market are safe, local health experts warned during a recent forum. Read the rest of this entry »
Meralco Powertxt gets you out of the dark
February 18, 2009
Meralco has a mobile phone texting service dubbed “Meralco Powertxt.”
With this info-text service, customers can inquire on power interruption schedules, request information, give feedback, even report illegal connections and electric pilferage. Read the rest of this entry »
Furniture exporters seek gov’t aid
February 18, 2009
Philippine furniture and home décor exporters are asking the government for aid, including a P1-billion export development fund and pegging of the exchange rate at P55 to the dollar, saying they faced “extinction.” Read the rest of this entry »
DILG to sue local executives over ‘pass-through’ fees
February 18, 2009
MANILA, Philippines – Department of Interior and Local Government (DILG) Secretary Ronaldo Puno warned local chief executives yesterday against charging “pass-through” fees from delivery trucks going through their areas of jurisdiction, saying they face criminal and administrative charges if they do so. Read the rest of this entry »
DPWH to offer 500,000 new jobs
February 18, 2009
MANILA, Philippines – Some 500,000 jobs in various infrastructure projects all over the country will be available for workers, according to the Department of Public Works and Highways (DPWH). Read the rest of this entry »
Minimum jeepney fare back to P7
February 18, 2009
MANILA, Philippines – Transportation Assistant Secretary Alberto Suansing is expected to announce today a rollback in the minimum jeepney fare from P7.50 to P7. Read the rest of this entry »
