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Wednesday, September 09, 2009 |
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RP’s competitiveness falls |
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Slide caused by poor infrastructure, labor market,
institutions
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By Darwin G. Amojelar, Senior Reporter
The Philippines’ ranking as a competitive economy fell 16 notches
over the last year because of poor scores in infrastructures,
institutions and labor market, according to the latest World
Economic Forum (WEF) report.
In its Global Competitiveness Index 2009-2010,
the forum reported that the Philippines ranked 87th with an index of
3.9 among 133 countries surveyed. The country placed 71st the
2008-2009 report.
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O T H E R R E P O R T S
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Manila mulls raising 2010 growth target
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President Gloria Arroyo on Tuesday asked the Development Budget
Coordinating Committee (DBCC) to review next year’s economic
growth projection for possible adjustments.
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Jobless Pinoys down to 10 million–survey
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After hitting a record-high 14 million jobless rate in February,
unemployment figures plummeted four months later, according to
results of the latest Social Weather Stations (SWS) survey.
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Nobel laureate warns of double dip
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REYKJAVIK, Iceland: US economist Joseph Stiglitz, winner of the 2001
Nobel Prize in economics, warned that the global economy could
suffer a double dip, a pronounced rebound giving way to another
slide.
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Supreme Court rules P7.2-billion poll automation contract legal
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THE Supreme Court has ruled that the P7.2-billion poll automation
contract between the Commission on Elections (Comelec) and the
technology consortium Smartmatic-Technology Information Management
(TIM) is legal.
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With a horde of foundations, Arroyos’ charity cup runneth over
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They have always been known to be wealthy, but few are aware that
the charity cup of the Arroyo clan also runneth over—at least on
paper.
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Fire Singson, women’s NGO asks Palace
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Even as the government weighed its options on how to deal with Luis
“Chavit” Singson, a women’s group on Tuesday urged the Palace
to sack the deputy national security adviser.
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Prayers saved survivor of ‘SuperFerry’ sinking
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ZAMBOANGA CITY: A Filipino woman who was rescued at sea 30 hours
after a ferry carrying her and more than 900 others sank off the
southern province of Zamboanga del Norte said that prayer and
determination to live saved her.
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Despite order, Aboitiz boats poised to sail
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It was all business as usual, at least as of Tuesday, for
beleaguered Aboitiz Transport Services, the owner and operator of
the sunken SuperFerry 9.
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PDIC to release 2nd batch of Legacy deposits
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The Philippine Deposit Insurance Corp. (PDIC) is set to pay the
second batch of deposit claims in 12 closed Legacy rural banks.
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