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Intel closing plant in Cavite
AFTER months of keeping under wraps the inevitable, Intel Corp. has finally announced it will close its Philippine plant—with its 1,800 employees expected to be formally notified within two week..Obama takes oath, says US ‘ready to lead once more’
BARACK Hussein Obama became the 44th president of the United States, vowing to restore the nation’s leadership in the world and asking Americans to take responsibility for rebuilding the falteri..Bankers remain optimistic in ’09 amid crisis
ECONOMIC growth this year will be slower than last year due to the global financial crisis, but executives of some of the Philippines’ biggest banks remain optimistic 2009 will see still-positiv..Bankers remain optimistic in ’09 amid crisis
ECONOMIC growth this year will be slower than last year due to the global financial crisis, but executives of some of the Philippines’ biggest banks remain optimistic 2009 will see still-positiv..Inflation seen to average even lower than 6 percent
INFLATION, seen to average around 6 percent to 8 percent this year, should moderate to a rate even lower than the 6-percent low end of the target, reported the Bangko Sentral ng Pilipinas on Frida..Bizmen meet government managers today on crisis
AT least 14 of the top business organizations in the Philippines will exchange inputs with the government’s economic team today on how the country can best address the global financial meltdown.Baguio’s coldest day in 23 years
BAGUIO CITY—Chilly days reign all over. Here in the summer capital, the cold wave further deepened on Thursday, making it the coldest day so far in 23 years at 7.5° Celsius and putting it on a ..Philippine Imperative taps private sector
BUSINESS profits and climate change are inextricably tied as the cost of doing business in a “vulnerable” country like the Philippines will be exponential, according to leaders of a private- s..Hitachi bares midrange storage systems
HITACHI Data Systems on Tuesday introduced three models of its adaptable modular storage (AMS) known as Series 2000. The company is a Japanese provider of storage infrastruc..Puno ‘plot’ will backfire: solons / PALACE DENIES HAND IN SUPPOSED BID TO IMPEACH CHIEF JUSTICE
LEGISLATORS see Malacanang’s hand behind the reported plot to impeach Chief Justice Reynato Puno even as they warned that the scheme could backfire on President Arroyo. Se..Learning from behavioral economics the path to purchase
In much the same way that chaos theory has given us a new perspective, behavioral economics has led to the evolution of traditional economics. By rejecting a basic premise—that man is a rational..EUROPE: Caught in freezing crossfire
BUDAPEST—Central Europe and the Balkans face a halting of industrial production, closed schools, frozen water-supply pipes and eventual economic paralysis as suspension of gas deliveries stops l..The cost of the world’s cheapest gasoline
CARACAS—The world’s most inexpensive gasoline is sold in Venezuela, through a long-standing subsidy program that benefits car owners while depriving the oil industry of a large source of funds..EUROPE: Caught in freezing crossfire
BUDAPEST—Central Europe and the Balkans face a halting of industrial production, closed schools, frozen water-supply pipes and eventual economic paralysis as suspension of gas deliveries stops l..18 injured as plane misses runway in Caticlan
An Asian Spirit (relaunched Zest Air) turboprop airplane landed short of the runway in Caticlan at 7 a.m. on Sunday, causing minor injuries to 17 passengers and serious injury to one that required..Peso seen under pressure but T-bill yields may go down, say analysts
DOWNWARD pressure is likely to persist on the peso this week as worries about global recession linger, but yields on benchmark Treasury bills may go down given an improved outlook on local inflati..Keynesian economics returns
WASHINGTON—In a measure of how quickly its options are shrinking, the United States is about to embrace an economic theory that was widely thought to have been discredited for most of the last g..
