MANILA, Philippines – State auditors have tagged as highly irregular the electronic portal project of the Technical Education and Skills Development Authority (TESDA) involving funds worth more than P30 million, even recommending the investigation of agency officials who “disregarded” rules on bidding in approving the questionable contracts. Read the rest of this entry »
TESDA electronic portal project highly irregular, says COA
December 30, 2009
Government expects budget deficit of P293 billion in 2010
December 30, 2009
MANILA, Philippines – The government is looking at a budget deficit of P293 billion next year, higher than the initial estimate of P233.4 billion, Finance Secretary Margarito Teves said yesterday. Read the rest of this entry »
RP will continue to rely mainly on coal
December 30, 2009
MANILA, Philippines – The Philippines will continue to rely on coal as its main fuel to generate electricity in the medium-term, a power industry official said. Read the rest of this entry »
Teves sees 4% GDP growth next year
December 30, 2009
MANILA, Philippines – The Philippine economy, as measured by gross domestic product (GDP), may grow by as much as four percent in 2010 along with the global economic recovery, Finance Secretary Margarito Teves said yesterday. Read the rest of this entry »
Foreign debt up 2.5% to $53.1 billion in third quarter
December 30, 2009
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) reported yesterday that the country’s external debt went up by 2.5 percent to $53.1 billion as of end-September this year from $51.8 billion as of end-June this year. Read the rest of this entry »
East Asia to launch $120B crisis fund
December 29, 2009
Asean +3 to set up crisis safety net
SEOUL —Fourteen East and Southeast Asian economies said on Monday that they have signed a plan to set up a $120-billion emergency fund known as the Chiang Mai Initiative, Asia’s first move to devise a safety net to shield itself from a financial crisis. Read the rest of this entry »
’09 mining investments fall short of target
December 29, 2009
MINING INVESTMENTS in the Philippines reached $375 million—just a little more than half of the $650-million target for 2009, according to the Mines and Geosciences Bureau (MGB). Read the rest of this entry »
Saudi resident visas to expats’ wives, kids
December 29, 2009
REGARDLESS OF JOB
JEDDAH, Kingdom of Saudi Arabia—The Foreign Ministry will issue permanent resident visas for wives and children of expatriate workers in the kingdom without considering their profession, Al-Yaum Arabic daily has reported. Read the rest of this entry »
Jollibee one of Asia’s best—Wall Street Journal
December 29, 2009
MANILA, Philippines—The Philippines’ largest fast-food chain Jollibee received a plaque of recognition from The Wall Street Journal Asia for being one of the top regional companies in the publication’s Asia 200 survey. Read the rest of this entry »
Arroyo performance rating stays ‘bad’
December 29, 2009
MANILA, Philippines – The Filipino public continues to be greatly dissatisfied with the performance of President Gloria Macapagal-Arroyo. Read the rest of this entry »
