Displaying all posts for Economy

Texas Instruments to cut 400 jobs in Philippines

(AP) – U.S. microchip maker Texas Instruments Inc. is slashing 400 jobs in the Philippines to cope with falling orders amid the global economic crunch, labor officials said Friday.

Ford cuts Philippine office staff by 15 percent

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Ford Motor Co. has cut its office staff in the Philippines by 15 percent in a restructuring program, a company official said Monday.

Foreclosure brings heartache, yes, but also healing

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By Julia Prodis Sulek – The power had been turned off. The house was empty. The bank was ready to take possession. But Rodney Reynolds didn’t want to leave.

China’s problems—Philippines opportunities

By Mike Wootton – When you are the factory of the world, a severe economic downturn among your buyers has a major effect. This is the case with China now, and it is why it has just announced a spending package of over $580 billion.

Pinoys 5th hungriest worldwide – Gallup

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By Darwin G. Amojelar – The Philippines ranked fifth in a recent global hunger survey, with four in 10 poor Filipinos going hungry in the last 12 months. In its “Voice of the People” survey, Gallup International said 40 percent of the Filipino respondents were found to have experienced Read more »

Migration, the Philippines and the economic crisis

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By Alexander Martin Remollino UN Secretary General Ban Ki-moon (UPI Photo/Ezio Petersen)Manila, Philippines, October 30 — UN Secretary-General Ban Ki-moon quite missed the point at the opening of the Global Forum on Migration and Development that took place yesterday here in Manila, when he said that “migration can and should Read more »