Displaying all posts for Economy

The Sacred VAT

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BY BENJIE OLIVEROS – There is a growing clamor for the removal of the VAT on petroleum products to ease local prices, especially since it adds from P4 to P6 peso to pump prices. Just recently, the Catholic Bishops Conference of the Philippines echoed the same demand.

Pinoy nurses say they are underpaid

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By Gloria Jane Baylon – Gov’t nurses demand implementation of P16,093 minimum base pay. A hundred Philippine nurses, representing mostly public health institutions, today demanded that government immediately implement the monthly minimum base pay for nurses of not lower than P16,093, stressing this much is required under Republic Act 9173, Read more »

Philippine firm brings old WWII jeeps back to life

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MANILA (AFP) — The rugged Willy Jeep has been given a new lease of life by a small factory in Manila reproducing the iconic World War II vehicle for a growing international market nostalgic for the past.

Philippines feels the pinch of dollar’s decline

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Many here rely on remittances from overseas relatives, and the dollar’s slide against the peso has forced some people to cut back, with private education the first to go. By Bruce Wallace, Los Angeles Times MANILA — The U.S. dollar has always been king down by the docks on Manila Read more »

RP in mad scramble for world’s rice supply

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The Philippines is left with no other choice but to buy whatever rice is available in the world market — even at a higher price. This is to ensure that there’s enough rice supply for the 88.57 million Philippine population, former Agriculture Secretary Senen Bacani said in an interview in Read more »

Washington Post Faults Catholic Church Teaching for Filipino Poverty

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By Matthew Balan The day after Pope Benedict XVI departed the U.S. after a six-day visit, Blaine Harden of the Washington Post lamented the Catholic Church’s influence in the Philippines, specifically, the government of Philippines “acceding to Catholic doctrine” by “supporting only what it calls ‘natural’ family planning,” rejecting “modern Read more »