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Foreign debt climbs 5.6% to $55.4 billion in first quarter

June 30, 2010

MANILA, Philippines – The country’s external debt went up by 5.6 percent as of the first quarter of the year due to higher borrowings by private enterprises and the National Government, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Read the rest of this entry »

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Samsung’s plant to get cheaper power

June 29, 2010

PRESIDENT Gloria Arroyo has ordered state-run National Power Corp. to provide cheaper electricity to Samsung Electronics as an incentive for its multi-billion-dollar investment in Clark, Pampanga. Read the rest of this entry »

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Aquino names Cabinet members

June 29, 2010

MANILA, Philippines (1st UPDATE) – President-elect Benigno “Noynoy” Aquino III on Tuesday named the members of his Cabinet. He also announced he would establish a “truth commission” headed by former Chief Justice Hilario Davide. Read the rest of this entry »

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Unraveling credit card myths

June 29, 2010

Mythology depicts a cast of fearful nasties – such as Cyclops’, Hydras, and Chimeras – that have served as the boogeymen of ancient times. As is teh case however with all things that go bump in the night, a rational perspective and a little courage is all that is needed to slay these beasts. Read the rest of this entry »

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Members of the Aquino Cabinet (list)

June 29, 2010

MANILA, Philippines (UPDATE) – Here is a list of the members of the Cabinet of President-elect Benigno Aquino III, announced on June 29, 2010. Read the rest of this entry »

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RP, Vietnam sign MoA on fisheries cooperation

June 29, 2010

MANILA, Philippines — The Philippines and Vietnam on Monday signed a memorandum of agreement (MoA) on bilateral cooperation on fisheries in Hanoi, the Department of Foreign Affairs said in a news release Tuesday. Read the rest of this entry »

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June 29, 2010

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1 out of 4 Filipino adults suffers from hypertension, says DoH

June 29, 2010

MANILA, Philippines—One in every four Filipino adults suffers from hypertension or high blood pressure—the biggest risk factor for heart and kidney diseases, as well as diabetes. Read the rest of this entry »

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ABS-CBN workers’ group says 25 sacked over labor dispute

June 29, 2010

A GROUP claiming to represent 1,400 workers in broadcast giant ABS-CBN Corp.’s job pool said yesterday more than two dozen members have been terminated for their refusal to accept regular employment status. Read the rest of this entry »

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Union appeals vs PAL outsourcing scheme

June 29, 2010

THE PHILIPPINE Airlines Employees’ Association (PALEA) yesterday appealed the Department of Labor and Employment’s (DoLE) decision allowing Lucio C. Tan-led Philippine Airlines (PAL) to proceed with an outsourcing scheme that will lay off ground staff. Read the rest of this entry »