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Category: Economy

Anti-Pinoy Sentiments in Singapore?

Posted on April 21, 2013April 21, 2013 By P. Farol 50 Comments on Anti-Pinoy Sentiments in Singapore?
Anti-Pinoy Sentiments in Singapore?

Apparently, The Real Singapore doesn’t want a Filipino company to hire Filipino staff for its operations there. Unlike other multi-national fastfood restaurants like Macdonalds and KFC which hire mainly Singaporeans and even the disabled and elderly, Jollibee Singapore intends to hire their fellow pinoys to fill up jobs in their latest Singapore venture. The Filipinio…

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Economy

Mining Sector Giving Up on the Philippines?

Posted on April 9, 2013 By BenK 6 Comments on Mining Sector Giving Up on the Philippines?
Mining Sector Giving Up on the Philippines?

It is probably welcome news to environmental activists but a disappointing turn of events for anyone who likes the idea of tapping the Philippines’ imposing stockpile of mineral resources to attract tangible industrial investment and create jobs: Some subtle hints have recently been made by the companies behind the most promising planned mining operations that…

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Development, Economy, Money Talks

Noynoy Aquino government hires Fitch Ratings to give Philippine economy a thumbs up

Posted on April 3, 2013October 20, 2013 By Ilda 49 Comments on Noynoy Aquino government hires Fitch Ratings to give Philippine economy a thumbs up
Noynoy Aquino government hires Fitch Ratings to give Philippine economy a thumbs up

Incumbent Philippine President Benigno Simeon “BS” Aquino is beaming with pride now that the country has scored an “investment-grade” credit rating from Global rating agency, Fitch Ratings under his watch. You might be asking yourself, “What the heck does it all mean?” Well, it means a lot of things that some folks will never understand….

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Development, Economy

Fitch Ratings upgrade: Will the Philippines’ new ‘investment grade’ status spell good times ahead?

Posted on March 28, 2013October 10, 2013 By benign0 40 Comments on Fitch Ratings upgrade: Will the Philippines’ new ‘investment grade’ status spell good times ahead?
Fitch Ratings upgrade: Will the Philippines’ new ‘investment grade’ status spell good times ahead?

In John Landis’s 1983 hit movie Trading Places, Billy Ray Valentine, a bum and hustler played by Eddie Murphy is picked up from the streets, cleaned up and dressed in an expensive business suit as part of an experiment instigated by wealthy brothers Randolph Duke and Mortimer Duke. The made-over Valentine is then set up…

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Development, Economy

Non Sequiturs are poor policy, and even worse credit references

Posted on March 26, 2013 By BenK 4 Comments on Non Sequiturs are poor policy, and even worse credit references
Non Sequiturs are poor policy, and even worse credit references

If there is one thing that has been thoroughly regrettable about the apparent economic progress of the Philippines in the Aquino 2.0 era, it is that it has led the Administration to believe that what it is doing is actually working. Perhaps we should not judge them too harshly for that – after all, far…

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Economy, Money Talks, Politics

End of the road for Filipino Hong Kong residency hopefuls

Posted on March 26, 2013March 26, 2013 By benign0 25 Comments on End of the road for Filipino Hong Kong residency hopefuls
End of the road for Filipino Hong Kong residency hopefuls

Looks like one of the last big frontiers of the Filipino migrant has pretty much shut its doors to a big chunk of Filipino humankind. Reportedly ruling that Filipino domestic workers are not “ordinarily residents” in the territory and that they temporarily reside there under contracts that tie them to “finite stints of temporary employment,”…

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Economy, Lifestyle

One Night at a Liberal Party Fundraiser: What Team P-Noy Can Learn from Baguio’s Local Liberals

Posted on March 20, 2013 By MidwayHaven 6 Comments on One Night at a Liberal Party Fundraiser: What Team P-Noy Can Learn from Baguio’s Local Liberals
One Night at a Liberal Party Fundraiser: What Team P-Noy Can Learn from Baguio’s Local Liberals

Photo courtesy of Time.com I couldn’t help but smirk when I found out that Team P-Noy’s election rally was a dud here in Baguio last Sunday (17 March 2013). Melvin Jones field, with a capacity of 5,000 people, managed to gather less than 1,500 attendees, even under fair weather. Though their pet media outlets would…

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Economy, Environment, Government, Media, Politics, Society

Annoyed by Anti-Monopoly Policy, PAL Puts Airport Plans on Hold

Posted on March 12, 2013 By BenK 15 Comments on Annoyed by Anti-Monopoly Policy, PAL Puts Airport Plans on Hold
Annoyed by Anti-Monopoly Policy, PAL Puts Airport Plans on Hold

In a press briefing last week, Philippine Airlines (PAL) President and CEO Ramon S. Ang announced that the airline’s plans to construct a $6 billion airport as an alternative to the outdated and overcrowded Ninoy Aquino International Airport were being put on hold. According to the Philippine Star (which still insists on calling the privately-owned…

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Development, Economy, Money Talks

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