Philippines News

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Fri, 16 May 2008 02:37:00 GMT

Top Convergys executive to visit Manila call centers

MANILA, Philippines -- A top executive of US call center operator Convergys is set to visit the country next week to inspect some of the company's facilities here. Andrea Ayers, Convergys' new president for customer management services, will be touring
Fri, 16 May 2008 02:37:00 GMT

Philippine govt anxious over Intel's potential exit

PHILIPPINES--The local government of Cavite has indicated an interest in holding 'talks' with Intel regarding the chipmaker's plan to shut down its test and assembly hub in the Philippine province. In an interview with ZDNet Asia, Cavite Governor Ayong
Fri, 16 May 2008 02:34:00 GMT

Indian Pharmaceutical Firm Aims to Enter Philippines

India's third largest pharmaceutical firm will soon enter the Philippine market through a distribution deal with a local company, reported the local newspaper Business World on Monday. Dr. Reddy's Laboratories Ltd's application to transact business in
Fri, 16 May 2008 02:26:00 GMT

Philippines' Philex Q1 net profit flat due to forex losses

Net profit stood at 1.03 billion pesos ($24 million), against 1.02 billion a year earlier, it said. Operating revenue rose 18 percent to 3.3 billion pesos from 2.8 billion pesos. Philex, which has a market capitalisation of 27 billion pesos, operates
Fri, 16 May 2008 02:20:00 GMT

Philippine shares slightly higher in

Extract not available.
Fri, 16 May 2008 02:09:00 GMT

Philippines asks Australian miner to continue with work

- The Philippines has assured Australian miner OceanaGold that operations at its gold-copper project will face no hindrance after having been barricaded by local officials trying to stop construction work, an official said on Thursday. Environment and
Fri, 16 May 2008 02:08:00 GMT

Philippine shares slightly higher in early deals on Wall Street gains

MANILA (Thomson Financial) - Philippine shares were slightly higher in opening deals on Friday, buoyed by Wall Street's gains on some better-than-expected economic data and a pullback in oil prices. At 9:36 a.m. (0136 GMT), Manila's 30-company composite
Fri, 16 May 2008 02:07:00 GMT

CORRECTED - CORRECTED-UPDATE 1-Manila to hold rice tender for 341,440 tonnes

(Corrects to June 5 in para one) MANILA, May 16 (Reuters) - The Philippines will hold a tender for private importers for 341,440 tonnes of rice, possibly on June 5, the state's National Food Authority (NFA) said on Friday. NFA spokesman Tomas Escarez
Fri, 16 May 2008 01:54:00 GMT

Philippines heading for food and water overshoot

by Henrylito TacioUnless curbed, the population of the Philippines will grow to 100 million in five years even with the 'low' population growth rate, according to former health secretary Alberto Romualdez, reflecting the new concern about the topic as
Fri, 16 May 2008 01:52:00 GMT

Arroyo announces P20 increase for minimum wage earners in NCR

President Arroyo yesterday announced workers in the National Capital Region (NCR) will get a P20 increase in their wages amid soaring food and energy prices that have pushed inflation to three-year highs. In her speech at the 29th National Conference of
Fri, 16 May 2008 01:50:00 GMT

Philippine shares outlook - Higher on Wall Street lead, pullback in oil prices

MANILA (Thomson Financial) - Philippine shares are expected to open higher on Friday, buoyed by Wall Street's rally on some better-than-expected economic data and a pullback in oil prices. But analysts said gains though may be capped on worries over
Fri, 16 May 2008 00:46:00 GMT

Philippine shares outlook - Higher on Wall Street lead, pullback in oil prices

MANILA (Thomson Financial) - Philippine shares are expected to open higher on Friday, buoyed by Wall Street's rally on some better-than-expected economic data and a pullback in oil prices. But analysts said gains though may be capped on worries over
Fri, 16 May 2008 00:44:00 GMT

Shares of Meralco lose P1.2B in value

Government pensioners will find themselves at the losing end if the battle between the government and the Manila Electric Co. (Meralco) for ownership of the country's biggest power distributor continues. Since the fight that erupted early this month
Fri, 16 May 2008 00:41:00 GMT

BIR to check taxes paid by Meralco

The Bureau of Internal Revenue (BIR) will examine whether the Manila Electric Co. (Meralco) and the Lopez-owned utility's independent power producers are paying correct taxes. Lilian Hefti, the bureau's commissioner, on Thursday announced that they also
Fri, 16 May 2008 00:40:00 GMT

GMA unveils wage hike

President Gloria Arroyo announced Thursday that the National Capital Region wage board has agreed to increase pay by P20, bringing the minimum daily wage to P382 for workers in Metro Manila. The increase will be implemented once the wage board finalizes
Fri, 16 May 2008 00:40:00 GMT

Court dismisses libel complaint vs. Manila Times correspondent

LEGAZPI CITY: A libel complaint against a correspondent of The Manila Times filed by a controversial blocktime broadcaster has been ordered dismissed. As this developed, the Diocese of Legazpi led by Bishop Emeritus Jose Sora hailed the decision saying
Fri, 16 May 2008 00:07:00 GMT

Summer gaiety in the Philippines

The prettiest women of the town or village are dressed in formal gowns during the candlelit procession, with the first among equals being crowned the Reyna Elena. The local Roman Catholic church, or parish, is the center of the religious festivities
Thu, 15 May 2008 23:48:00 GMT

MANILA:Japan offers rice to Philippines

Japan has offered to supply the Philippines with 60,000 metric tonnes of rice to add to the country?s stockpile, agriculture secretary Arthur Yap said. ?This will probably be procured through a very soft, concessionary loan from Japan, but the amount
Thu, 15 May 2008 23:46:00 GMT

Philippine competitiveness ranking up 5 notches

MANILA, Philippines-After attaining record economic growth last year, the Philippines' global competitiveness ranking rose by five notches to 40th among 55 countries in the 2008 World Competitiveness Yearbook. The report is published annually by the
Thu, 15 May 2008 23:45:00 GMT

Manila warned to finalise peace deal with Muslim separatists

More Philippines Stories: Manila has been warned to finalise a peace deal with Muslim separatists in the southern Philippines or risk fresh outbreak of violence. Presenter: Sen Lam Speaker: BAKER: Well there are a couple of problems; one is that as they
Thu, 15 May 2008 22:59:00 GMT

Manila urged to resume talks with Muslim rebels

MANILA: The Philippines should resume talks with Muslim separatists, or risk renewed fighting in the troubled south between government forces and the insurgents, the International Crisis Group warned yesterday.Manila must jumpstart talks with the Moro
Thu, 15 May 2008 22:50:00 GMT

Gunmen kill Philippine farmers' leader, army blamed

MANILA, May 15 (Reuters) - Two gunmen on a motorcycle shot and killed the leader of a left-wing farmers' group in the southern Philippines on Thursday, his colleagues said, blaming the military for the attack. Celso Pojas, head of the Farmers Association
Thu, 15 May 2008 22:17:00 GMT

'Why did Arroyo not admit ZTE meet sooner?'

MANILA, Philippines--PRESIDENT Gloria Macapagal-Arroyo on Thursday continued to draw flak for meeting with ZTE Corp. officials in Shenzhen, China, five months before the $329-million National Broadband Network (NBN) project was awarded to the Chinese
Thu, 15 May 2008 22:15:00 GMT

Filipino archbishop posts bail on arrest warrant

Manila, May. 14, 2008 (CWNews.com) - A Filipino archbishop has posted bail after a Manila court issued a warrant for his arrest. Archbishop Oscar Cruz of Lingayen Dagupan paid the bail of 10,000 Philippine pesos-- about $250-- that had been set by the
Thu, 15 May 2008 21:48:00 GMT

Philippines to raise minimum wage amid food crisis

Philippine President Gloria Arroyo said Thursday her government will raise the country's minimum wage amid soaring food and energy prices that have pushed inflation to three-year highs. She said the government, employers and trade unions had agreed in
Thu, 15 May 2008 21:29:00 GMT

Philippine govt, rebels hold Norway peace talks

OSLO (Reuters) - The Philippine government and the rebel National Democratic Front met in Norway for informal peace talks on May 13-15, the first such meeting in almost three years, Norwegian diplomats said on Thursday. 'The (government of the
Thu, 15 May 2008 21:28:00 GMT

May: The Philippines' festival month

WANY festivals are held during the month of May. These festivals highlight the interplay of man, environment, religion, and culture. They also showcase the industries, beliefs, and lifestyles of our people. The most popular among the May festivals are
Thu, 15 May 2008 21:22:00 GMT

Philippines joins Spanish Exposition

'This project is not difficult to sell," says Eduardo Jarque Jr. Tourism Department Undersecretary. "We will always have a special place for Spain." We were at the Coconut Palace for the "Filipinas a Zaragoza: Despedida" presentation. Jarque was speaking
Thu, 15 May 2008 20:10:00 GMT

Xstrata targets Philippines copper stake with A$426m bid for Indophil

Diversified miner Xstrata Resources plans to make an all cash offer to buy Indophil Resources for A$1,00 a share, valuing the company at about A$426 million ($400 million), the group said on Thursday. Indophil's primary asset is a 34,23% holding (with a
Thu, 15 May 2008 20:08:00 GMT

Filipinos in Nevada Weather Economic Typhoon Season

Living in the Shadow of Recession New America Media, News Report, Pasckie Pascua, Posted: May 15, 2008 Editor's Note: As the bad economy hits the once booming Las Vegas area, Filipino are sending less money home, holding down second jobs and tightening
Thu, 15 May 2008 20:05:00 GMT