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Buy Pinoy, Buy Local

Written by Free Enterprise / George S. Chua A WEEK ago, the “Buy Pinoy, Buy Local” movement was launched at the Club Filipino, spearheaded by the Federation of Philippine Industries Inc. (FPI) and the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc.

Laguna-based TDK-Fujitsu cuts 2,000 jobs

GMANews.TV – TDK Fujitsu Philippines Corp. (TFPC), which makes magnetic recording heads for computer hard disk drives, said it laid off 2,000 workers in its Biñan, Laguna facility.

Japan’s Kirin buys stake in San Miguel Brewery

By James A. Loyola – San Miguel Corporation disclosed yesterday that it had signed a P58.9 billion ($ 1.224 billion) share purchase agreement for the purchase by Kirin Holdings Company, Limited of a 43.25 percent stake in San Miguel Brewery Inc.

Intel factory in Cavite closed by second half of 2009

By Lala Rimando – The Philippine assembly plant of the world’s biggest chip maker, Intel, will be shut down by the second half of 2009.

Microfinancing now covers 3 million Pinoy households

By Manuel Cayon DAVAO CITY—The Bangko Sentral ng Pilipinas (BSP) said the government’s microfinancing program has covered 3 million clients or Filipino households, comprising two-thirds of the projected total market that it could serve.

No sign yet of reduced overseas demand for Filipino workers

THE DEPARTMENT of Labor and Employment (DoLE) yesterday assured that demand for overseas Filipino workers, or OFWs, remains stable, despite the global economic slowdown, even as the government prepares for a “worst case scenario” of a sudden influx of thousands of such workers should they be laid off.