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Tuesday, March 24, 2009 |
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Govt mulls insurance for crisis-hit workers
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By Darwin G. Amojelar, Reporter
THE National Economic and Development Authority (NEDA) said it would
recommend a P6-billion unemployment insurance program for Filipinos
who lost their jobs due to the global financial crisis.
Socioeconomic Planning Secretary and NEDA
Director General Ralph Recto told reporters that he will propose
during a Cabinet meeting on Tuesday the program, which could cover
100,000 to 200,000 jobless Filipinos.
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NEDA sees budget deficit to breach govt target
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THE National Economic and Development Authority (NEDA) expects a
higher budget deficit this year on weak revenues.
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Short-term interest rates move sideways
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BENCHMARK interest rates drifted sideways on Monday on investor
optimism about short-term prospects, a Bureau of Treasury official
said.
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NTC to tighten standards for Internet service providers
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AMID rising consumer complaints, the National Telecommunications
Commission (NTC) plans to amend the rules on service performance
standards for Internet access of telecom companies.
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BSP eyes extension of reprieve for banks
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THE Bangko Sentral ng Pilipinas (BSP) may extend the implementation
of the revised rule on asset cover for foreign currency deposit unit
(FCDU).
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Stock market, peso rally on US toxic asset plan
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PHILIPPINE share prices continued their rally on Monday, with
sentiment boosted by a US plan to remove toxic assets from its
banking system, dealers said.
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NHMFC to sell debt papers to service obligations
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The National Home Mortgage and Finance Corp. (NHMFC) said it plans
to issue another securitized BahayBonds before the end of the
year to fund its debts with government financial institutions.
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State Grid plans to make RP power transmission a model system
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Beijing: State Grid Corp. of China (SGCC) said it plans to infuse a
proprietary technology in the country’s power grid to transform it
into
a model power transmission system
for the region.
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Aussie firm sells down stake in Palawan exploration
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Australian oil and gas firm Kairiki Energy Ltd. has farmed-out a
portion of its stake in an exploration area in offshore Palawan that
contains two of the country’s latest oil discoveries.
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Panasonic keeps current production capacity
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Panasonic Manufacturing Philippines Corp. said it is maintaining the
current production capacity of its manufacturing plants in Sta.
Rosa, Laguna, and Taytay, Rizal despite the economic downturn,
officials said.
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DOE eyes funding from multilateral lenders
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The Department of Energy (DOE) said it may tap additional funds from
multilateral lenders to bankroll the government’s energy
efficiency projects.
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MANAGING
FOR SOCIETY
By Dr. Robert S. Keitel Phd.
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Good news for
employment opportunities in 2009
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There is good news in the offshoring and outsourcing (O&O)
industry for 2009 but companies and parents/schools need to wake-up
to cultural challenges and career opportunities present in the
industry.
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