Displaying all posts for Economy

OFW inflows seen to hit $16 B this year

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By DES FERRIOLS The Philippine Star Given the steady demand for labor especially in the Middle East, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said he expected remittances from overseas Filipino workers (OFWs) to grow more than originally projected this year.

Working abroad still most Pinoys’ choice to cope with difficult times

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Several economic crises have swept over the country and Filipinos time and again fought and emerged survivors. But unlike two decades ago when they took to the streets in desperation because of the twin impact of soaring inflation and shrinking growth, Filipinos, who are now faced with a similar situation, Read more »

75% of Pinoys say they are worse off than in 07

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GMANews.TV – MANILA, Philippines – Seventy-five percent of Filipinos believe they are living a more difficult life now than a year ago while two in three (64 percent) Filipinos are pessimistic that their lives would improve in the next 12 months.

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.