Posted on September 18, 2009 by filstars
The Philippines jumped 14 spots from 23rd a year ago and now ranked 9th among key emerging markets for global investors in 2009. This is according to a new research published by the UK Trade & Investment.
In a statement, British Ambassador to the Philippines Stephen Lillie said that “the global recession was a wake-up call [...]
Posted on January 29, 2009 by filstars
In the wake of an alarming remittance scams that victimizes credit card holders, the Central Bank of the Philippines is directing all banks and other companies engaged in the money-transfer business to adopt stricter remittance procedures.
The remittance scam is done using someone else’s credit card by entities falsely claiming to be remittance providers and by [...]
Posted on January 23, 2009 by filstars
Chipmaker Intel Corporation will close its manufacturing plant based in Cavite, Philippines as part of its global restructuring effort. The closure of the Cavite plant will affect 1,800 workers.
According to its spokesman, Intel will close two assembly test facilities in Penang, Malaysia and Cavite, Philippines. It will also halt production of its water fabrication facility [...]
Posted on January 22, 2009 by filstars
The Philippines posted a consolidated public sector surplus of P23.516 billion from January to September 2008, or 0.4 percent of gross domestic product (GDP), according to a Department of Finance report yesterday.
The 2008 surplus is significantly below the posted surplus for the same period in 2007, which was, according to DOF, due to the need [...]
Posted on January 15, 2009 by filstars
“Remittances of overseas Filipinos coursed through banks continued to be above the US$1 billion mark in November at US$1.3 billion, posting a year-on-year growth of 10.5 percent. Cumulative remittances for the eleven-month period reached US$15 billion, 15.1 percent higher than the level recorded in the comparable period a year ago. This level is only US$1.3 [...]
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Posted on December 13, 2008 by filstars
There are conflicting views about the sustainability of call center jobs in the Philippines. Others view that the call center industry will be able to sustain despite the global financial turmoil as more and more call centers abroad will relocate here because of the cheap labor. That may not be true anymore.
First and foremost is [...]
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