Displaying all posts for Economy

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

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

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 »

US financial woes become personal to Filipinos

LALA RIMANDO – The fate of Wall Street luminaries became a personal concern to Filipino investors this week. News about bankrupt Lehman Brothers triggered locales to ask how safe is their money invested in the insurance policies and in local banks and if their pension is still intact.

ADB warns no quick solution to high food prices, fuel costs

MANILA (AFP) — The high prices of food worldwide are not likely to fall any time soon, and there are no quick solutions to the problem, the Asian Development Bank (ADB) warned Tuesday. “Scarcity is back, hunger is growing, and rapid economic growth is threatened. These are difficult times,” the Read more »

OFW inflows seen to hit $16 B this year

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.