NEW YORK – The world’s population of millionaires shrank dramatically last year as the global economic crisis took its toll on the wealthy, according to a report by Merrill Lynch Global Wealth Management and consulting firm Capgemini. Read the rest of this entry »
Population of world millionaires shrinks
June 26, 2009
RP set to address 3.8M housing backlog soon
June 26, 2009
MANILA, Philippines – Housing and Urban Development Coordinating Council Chairman Vice President Noli de Castro said the Philippines is looking to complete the housing backlog of close to 3.8 million, as more potential buyers have been flooding the mass housing market. Read the rest of this entry »
Exports seen dropping 30% this year
June 26, 2009
MANILA, Philippines – Exports are expected to decrease by up to 30 percent this year as consumer demand from the Philippines’ major markets are projected to drop further, an economist said yesterday. Read the rest of this entry »
Nuclear plant revival not a political issue – Cojuangco
June 26, 2009
MANILA, Philippines – Pangasinan Rep. Mark Cojuangco said his proposal to revive the Bataan nuclear plant should not be turned into a “political and an emotional issue.” Read the rest of this entry »
SAUDI ASKED ‘Don’t blacklist runaway migrant workers’
June 25, 2009
MANILA, Philippines—The Kingdom of Saudi Arabia should revoke its new immigration policy that blacklists foreign workers who run away from their usually abusive employers, an alliance of overseas Filipino workers’ organizations in the Middle East said Thursday. Read the rest of this entry »
Weak exports, remittances, FDIs to drag RP growth: Economist
June 25, 2009
MANILA – The slowing growth pace of exports, remittances, and foreign direct investments (FDI) will pull the country’s economic growth to a range of -1 and 1 percent this year, an economist said Thursday. Read the rest of this entry »
OECD says recession ‘near bottom’
June 25, 2009
The Organisation for Economic Cooperation and Development says the world economy is near the bottom of the worst recession in post-war history. Read the rest of this entry »
China accused over unfair trade
June 25, 2009
The US and European Union (EU) have filed complaints that China is unfairly limiting its raw material exports. Read the rest of this entry »
GSIS hobbled by P30-B gov’t arrears
June 25, 2009
MANILA, Philippines – Some P30 billion in unpaid premiums from various government agencies and units are hampering the operations of the Government Service Insurance System as well as its ability to pay out benefits. Read the rest of this entry »
Don’t make BNPP a political issue–solon
June 25, 2009
MANILA, Philippines — The lead proponent in the revival of the Bataan Nuclear Power Plant (BNPP) at the House of Representatives appealed to critics to keep politics out of his initiative and see it as the only viable answer to the country’s looming energy woes in the coming years. Read the rest of this entry »
