Displaying all posts for Business

Global financial crisis will hit army of OFW

MANILA (AFP) — There are few countries in the world where you will not find a Filipino worker. Even in tiny Iceland, one of the countries hardest hit by the financial crisis, there were 1,411 at last count.

A Pinoy in the US hit by the credit crisis

By Edwin Jamora – I have just recently quit my job as director of finance in one of the largest housing authorities in the United States with over 3,000 employees. I’ve been unemployed since July 2008; however, I have just accepted a job in Chicago as director for one of 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.

Remittances in first 7-month reach $9.6B

Filipinos abroad has sent home $9.6 billion through banks to their loved ones in the Philippines in the first seven months of the year, the central bank said in a statement Monday. In July alone, remittances reached $1.37 billion, a whopping 24.6 percent increase from the same period last year. Read more »

Rudy Giuliani gives pointers to make leadership effective

By FIL C. SIONIL – Going back to basics, such as setting priorities and objectives, is imperative for a leader, be it in business and politics, to surmount and survive the current turmoil that pervades the global landscape.

The Sacred VAT

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.