Displaying all posts for Economy

RP in mad scramble for world's rice supply

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

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

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

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

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 »

Peso surges to 42 level as USD slumps

Reuters The Philippine peso surged to a seven-year high on Friday as the U.S. dollar extended its decline to hit new lows after Fed Chairman Ben Bernanke’s grim view of the economy.