Displaying all posts for Business

Rich Pinoy, Poor Pinoy: Poverty amid a booming economy

BY SIEGFRID O. ALEGADO, GMA NEWS – Metro Manila these days is marked by crane-topped cities rising as the property market booms albeit alongside slums – poverty-stricken households whose hungry members marvel at multimillion-peso-per unit high rises amid a much-vaunted strong economy and fiscal position. Rosy prospects for Read more »

Recto quits as Senate panel chief over ‘sin’ tax bill version

By Butch Fernandez/businessmirror.com.ph – Sen. Ralph Recto, hurt by a Malacañang official’s allegation that lobby money fueled his recommendation on the “sin” tax bill, on Monday submitted his “irrevocable” resignation as chairman of the Committee on Ways and Means which endorsed adjustments on alcohol and tobacco excise taxes much Read more »

The Philippines Richest 2012

By Suzy Nam,forbes.com – Despite European woes, the Philippines’ remittance-driven economy outperformed most of its neighbors; it grew 6.4% in the last quarter, driven by an ongoing consumer boom and a surge in tourism and outsourcing. The stock ­market index gained 17% in the past year. The 40 Read more »

‘Philippines’ minimum wage already one of highest in Asia’

By Alvin Elchico, ABS-CBN News – The Philippines has the highest wages for workers among third world countries in Asia, according to the Employers Confederation of the Philippines (ECOP).

SM Baguio starts P1-billion expansion

Written by Dexter A. See BAGUIO CITY -— A regional trial court has stopped work on the extension of SM City here amid a public protest over the planned removal of trees to give way to its P1-billion plans including a seven story “green building”. For the past two Read more »

Philippines Overtakes India as Hub of Call Centers

By VIKAS BAJAJ MANILA — Americans calling the customer service lines of their airlines, phone companies and banks are now more likely to speak to Mark in Manila than Bharat in Bangalore. Over the last several years, a quiet revolution has been reshaping the call center business: the rise Read more »