Displaying all posts for Economy

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 »

US pledges rice supplies to Philippines

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Bloomberg Singapore – The US vowed to supply the Philippines, the biggest buyer of rice, with as much as it needs after some of the world’s largest exporters cut sales to safeguard domestic supplies. “You are assured absolutely,” Kristie Kenney, ambassador to the Southeast Asian country, told reporters in Bataan Read more »

Subic-Clark Expressway opens

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By FRED M. ROXAS MABALACAT, Pampanga — President Arroyo and a convoy of officials travelled from Clark to Subic yesterday through the Subic-Clark-Tarlac Expressway (SCTEx) as part of the soft opening of the newly constructed Subic- Clark segment of the 94-kilometer highway.

RP’s Economic Miracle: For Good and For God

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By Willy E. Arcilla – Their heroic act not only unlocked the vaults of hidden wealth, but triggered a shockwave of nuclear proportions throughout government – members of the Cabinet, the Senate, the Congress, AFP, PNP, even corruption-riddled agencies like the BIR, BOC, DPWH, CHEd, Deped, GOCCs up to the Read more »