Worst seen over for Semicon industry
MANILA, Philippines—After suffering quarter after quarter of volume and revenue declines, the worst may finally be over for the global semiconductor industry, according to research firm iSuppli Corp.
While the year was still seen to close on a low note, iSuppli senior vice president Dale Ford said full-year results would likely be better than originally expected. Read the rest of this entry »
Simple steps to save Filipino newborns
We are seeing of late a push to save more of our babies that are being born. This is because experts see a risk that newborn mortality, which has been on the level at 17 deaths per 1,000 since 1998, may revert upwards and ultimately affect our Millennium Development Goals for 2015. Read the rest of this entry »
Moderate Q3 growth gives BSP room to keep low rates – Citigroup
MANILA, Philippines – American banking giant Citigroup said the lower-than-expected economic growth registered in the third quarter of the year gives monetary authorities leeway to maintain its current policy stance. Read the rest of this entry »
Credit card receivables up 4.6% to P130.2 billion
MANILA, Philippines – More and more consumers are turning on to their credit cards instead of using cash to pay for goods or services, data from the Bangko Sentral ng Pilipinas (BSP) showed.
BSP data showed that credit card receivables of universal, commercial, and thrift banks went up by 4.6 percent to P130.2 billion from January to September this year from P124.4 billion a year ago. Read the rest of this entry »
Unsettling
Like all other human institutions, the Supreme Court (SC) is also imperfect and liable to make a mistake. Hence when it reconsiders a previous decision which is presumed to have been made after utmost research and careful deliberation, it is usually a good and reassuring sign of its humility in admitting and correcting a mistake. Read the rest of this entry »
Peza trying to save jobs of 800 SS Ventures workers
MARIVELES, Bataan—The Department of Labor and Employment (DOLE) said representatives of the Philippine Export Zone Authority (Peza) are currently working out a way to keep local shoe-manufacturer SS Ventures International Inc. (SSVII) from shutting operations by year-end by finding another major client. Read the rest of this entry »
Psychological first aid
There is such a thing as a honeymoon phase in disaster response. Remember the overwhelming bayanihan spirit that swept the nation just after the onslaught of tropical storm Ondoy and after that, typhoons Pepeng and Santi? Images we saw on television and our own experiences, or those of people we actually knew, prompted Filipinos to make unprecedented donations and even volunteer to join relief distribution activities. The community spirit gave us a high. For those who were themselves affected, the honeymoon came in the form of gratefulness at simply being alive, a strong sense of purpose and a will to be strong despite the tragedy. Read the rest of this entry »
Teodoro, wife dump population control bill
ADMINISTRATION standard-bearer Gilberto Teodoro and his wife, Tarlac Rep. Monica Louise Prieto-Teodoro, have withdrawn support for the reproductive health bill, saying it does not address the problem of poverty. Read the rest of this entry »
Construction sector bullish on growth prospects
The construction industry is optimistic about its growth prospects amid sustained activities brought by the reconstruction of infrastructure damaged by storm Ondoy and typhoon Pepeng, as well as election spending next year. Read the rest of this entry »
Holidays abroad popular again despite downturn: survey
SINGAPORE – Going on holiday is back on the cards again despite the recession, with a global survey showing one in 5 people plan to travel overseas, even if it’s largely within their region. Read the rest of this entry »