Displaying all posts for Business

Intel factory in Cavite closed by second half of 2009

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By Lala Rimando – The Philippine assembly plant of the world’s biggest chip maker, Intel, will be shut down by the second half of 2009.

Microfinancing now covers 3 million Pinoy households

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By Manuel Cayon DAVAO CITY—The Bangko Sentral ng Pilipinas (BSP) said the government’s microfinancing program has covered 3 million clients or Filipino households, comprising two-thirds of the projected total market that it could serve.

No sign yet of reduced overseas demand for Filipino workers

THE DEPARTMENT of Labor and Employment (DoLE) yesterday assured that demand for overseas Filipino workers, or OFWs, remains stable, despite the global economic slowdown, even as the government prepares for a “worst case scenario” of a sudden influx of thousands of such workers should they be laid off.

Global financial crisis will hit army of OFW

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MANILA (AFP) — There are few countries in the world where you will not find a Filipino worker. Even in tiny Iceland, one of the countries hardest hit by the financial crisis, there were 1,411 at last count.

A Pinoy in the US hit by the credit crisis

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By Edwin Jamora – I have just recently quit my job as director of finance in one of the largest housing authorities in the United States with over 3,000 employees. I’ve been unemployed since July 2008; however, I have just accepted a job in Chicago as director for one of Read more »

US financial woes become personal to Filipinos

LALA RIMANDO – The fate of Wall Street luminaries became a personal concern to Filipino investors this week. News about bankrupt Lehman Brothers triggered locales to ask how safe is their money invested in the insurance policies and in local banks and if their pension is still intact.