Displaying all posts for Economy

Manila port gridlock constricts economy

via bworldonline.com – Philippine furniture maker Betiscrafts, Inc. should have delivered a shipment of custom-made chairs to Middle East customers last month. But a cargo from China of imported fabric needed for the upholstery has been held up by severe congestion at Manila’s main port, where containers have piled up Read more »

Sleepy Philippine Towns Wake Up to Answer World’s Phones

By Karl Lester M. Yap/bloomberg.com – Jennifer Ann Palmares-Fong has come home. Fifteen years after leaving Iloilo in the Philippines for the bright lights of Manila, she and her friends have been lured back as her once-quiet hometown is transformed. “Never in my wildest dreams did I expect there would Read more »

Strained Infrastructure in Philippines Erodes the Nation’s Growth Prospects

By Floyd Whaley/nytimes.com – Chris Ibasan travels only about five miles to work each day in one of Manila’s business districts, but it is often a grueling two-hour commute that gets him into the office late. “My manager understands,” said Mr. Ibasan, a 24-year-old shipping company employee. “Everyone is late; Read more »

PAL statement on Philippine Airlines and Etihad Airways launch landmark agreement

via gmanetwork.com – Philippine Airlines (PAL) and Etihad Airways today announced a strategic partnership agreement that marks a new era of cooperation between the flag carriers. The agreement covers codeshare flights, loyalty programs, airport lounges, joint sales and marketing programs, a Philippines domestic air pass, cargo, and the coordination of Read more »

No more barriers: Cebu Pacific to fly to Europe, US

via rappler.com – Budget airline Cebu Pacific of tycoon John Gokongwei Jr. is set to mount direct flights to the United States and Europe within the year. This after the US Federal Aviation Administration (FAA) removed the Philippines from its air safety blacklist, opening the door for local airlines Read more »

Philippines’ ‘Mirage’ Economy: Why It’s Worst Than a Bubble

By Richard Javad Heydarian/huffingtonpost.com – Recent weeks have been abuzz with a tantalizing debate over whether the Philippine economy is a bubble posing as a miracle. And to be fair, both sides of the debate have raised a number of interesting issues, which reveal the strengths and weaknesses of the Read more »