FeudArt
Archive for July 2008
Fresh talks spur further ASEAN cooperation
ASEAN forum to adopt plans to make group more responsive by DARIO AGNOTE Kyodo News SINGAPORE — The ASEAN Regional Forum (ARF) is set to adopt a raft of measures to get member-countries to work together in dealing with common security challenges when it gathers here for its annual meeting this week. The … Continue reading
RP stocks rebound
RP stocks rise on lower oil prices Stocks closed higher Monday as the recent pullback in oil prices provided investors “temporary” relief, but gains were capped amid persistent worries over the health of the United States economy and rising inflation. The main index rose 27.10 points or 1.1 percent to 2,416.62. The broader all-share index … Continue reading
Random thought on a Wednesday…
I’m realizing that my attention on Philippine national development is actually a reflection of my own dream for myself: an existence and a future more prosperous than my past. Funny how the things we do ultimately teach us about ourselves and our inner desires. Since this blog and since the correspondence with some of you that … Continue reading
Pacquiao chooses lightweight title over superfeatherweight title
Pacquiao to keep WBC lightweight title Filipino boxing hero Manny Pacquiao has already made up his mind to keep his newly acquired WBC lightweight belt and continue to fight at the 135 pound division. This means that he will surrender his WBC super featherweight title which he won from Mexican rival Juan Manuel … Continue reading
Whoo-hoo! Philippine global competitiveness on the rise!
RP improves competitiveness but low in infra and education abs-cbnNEWS.com/Newsbreak The Philippines competitiveness ranking in the World Competitiveness Yearbook improved and climbed five notches in 2008 but the country continues to rank low in infrastructure and education. The Philippines ranked 40th out of the 55 countries in the World Competitiveness Yearbook survey of the Swiss-based … Continue reading
Priority tech programs of Philippine government
PCIERD Bares S&T Priorities for 2008 Friday, 30 May 2008 The Philippine Council for Industry and Energy Research and Development (PCIERD) of the Department of Science and Technology (DOST) announces the specific areas where it will focus its resources on in 2008. Some of these areas are continuing but most were identified from last … Continue reading
Major investment in RP energy sector
Global group invests in RP geothermal plant Reuters A group of American, Australian, Spanish and Filipino investors have committed to invest $300 million to develop a 40 megawatt geothermal power plant in a southern Philippine province, a representative of the group said. The group, called Guidance Management Corp (GMC), will initially spend $8 … Continue reading
To my virtual friends…
…if you have an article related to Philippine development; Filipino, Filipino American, or Filipino Diaspora issues; politics here and abroad affecting Filipinos; Filipino boxers; Filipino martial arts, and Filipino humor that you would like to share using my blog, please feel free to post, or email to me at rbvergara@gmail.com. Salamat.
RP: An emerging global leader in franchise sector
Philippines 4th in world’s franchising sector BY Ben Arnold O. de Vera Researcher The Philippine franchising sector accounts for a significant part of the country’s gross domestic product, and is a key driver of the country’s economic growth, the Philippine Franchise Association (PFA) said. Local franchising business has accounted for 5 percent of … Continue reading
RP banking system seen improving by a key international credit bureau
Fitch: RP bank system improved but challenges ahead SINGAPORE – Fitch Ratings on Tuesday commented that while operating fundamentals of the Philippine banking system have improved over the past four to five years thanks to the progress in resolution of NPLs, improved capitalisation and enhanced regulation, it nevertheless continues to be weak owing to a … Continue reading
Amid global slowdown, RP economy remains bullish
NEDA chief: RP can still meet 2008 growth target By CHARO LOGARTA and MICHELLE OROSA The National Economic Development Authority (NEDA) remains confident that the country’s growth projections will be met this year, despite a global economic slowdown and high commodity prices. The government initially expected economic growth, as measured by gross domestic … Continue reading
Philippine real estate: Some good news
RP is ‘hottest real estate market in Southeast Asia’ — consultant By LALA RIMANDO abs-cbnNEWS.com/Newsbreak Tourism, offshoring and onshoring are driving the property market in the Philippines to the top of real estate investors’ list, an executive of a global property consulting and research firm said. Trent Frankum, general manager of the Philippine office … Continue reading
Official response to projected inflation in the Philippines
BSP vows to act on double-digit inflation Agence France-Presse MANILA – The governor of the Philippine central bank Amando Tetangco said Wednesday it was ready to take “necessary action” with inflation widely expected to have hit double-digits last month. Ahead of the release Friday of June inflation data, he said “inflation will reach … Continue reading
Russia’s resurgence as a world power?
Russia’s New President Sees Larger Economic Role By CLIFFORD J. LEVY Published: July 3, 2008 MOSCOW — Russia’s new president, Dmitri A. Medvedev, less swaggering than his predecessor but as touchy about criticism from abroad, said in an interview that an America in “essentially a depression” was in no position to lecture other countries … Continue reading
A snag in the march forward
RP economy to brake in ’08 as exports weaken Reuters Philippine economic growth is expected to slow this year, after hitting a three-decade peak in 2007, due to weaker exports as global demand slows and as private spending and investments dip, a Reuters quarterly poll showed. Analysts expect government spending on social services and … Continue reading
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