For being discriminatory and oppressive, the Supreme Court declared as unconstitutional a provision in the Migrant Overseas Filipinos Act, or Republic Act 8042, that sets a limit on monetary claims of illegally dismissed overseas Filipino workers (OFWs). Read the rest of this entry »

RP not alone, as bank halves Asia forecasts

The Asian Development Bank (ADB) on Tuesday further slashed the country’s economic growth forecast this year, because of weak consumer spending and investment caused by the global financial crisis. Read the rest of this entry »

THE Asian Development Bank (ADB) on Tuesday sees “uncertainty” in the implementation of the Philippines’ economic stimulus package due to issues surrounding the disbursement of funds. Read the rest of this entry »

Every separation creates a wound and unhealed wounds cause infections. Emotional infections are dangerous to your wellbeing. Read the rest of this entry »

over 12 companies have expressed interest to invest $1.1 billion in the Philippine bio-fuels industry, Energy Secretary Angelo Reyes said yesterday. Read the rest of this entry »

THE central bank has lowered its inflation forecast this year to 3.5 percent from 3.9 percent, Bangko Sentral Governor Amando Tetangco Jr. said at a briefing for the Management Association of the Philippines yesterday. Read the rest of this entry »

THE Asian Development Bank has lowered its growth forecast for the Philippines to 2.5 percent from 4.7 percent this year as the global economy continues to deteriorate. Read the rest of this entry »

BRUSSELS—Unemployment in the 16 countries using the euro rose in February to 8.5 percent to hit the highest level in close to three years, according to official EU data on Wednesday. Read the rest of this entry »