The Philippine Economy

[chris_nigel]

Sa totoo lang kahit very at super unpopular ni PGMA Sa Totoo lang ay kita naman talaga natin ang mga ginawa niya whether mapa INfra o Economic policies naging maayos naman ang bansa..tigilan na natin ang paninira bayaan na lang natin sa korte yan dahil kung may kasalanan man yun ang tamang lugar pag usapan yan.....

Sa totoo lang kahit nag recession ang Amerika d naman nagamit yang salitang yan sa atin kasi hindi naman natin masydo naramdaman yan...

[RonnieR]

Originally Posted by Askal82

Sometimes you get both information and entertainment reading blogs. There are times when everything you read is all relevant information, 'educated' opinions and other times, some are for entertainment value.

basura din ang karamihan sa blogs....we don't really know the sources whether reliable or not. It's more of personal opinion.

Anyway...

Focus Ventures mulls plant construction
(philstar.com) Updated June 16, 2010 10:00 PM

MANILA, Philippines (Xinhua) - Philippine-based Focus Ventures, Inc., the exclusive distributor of Chinese vehicle brands Chana and FAW, plans to put up an assembly plant in the next two years, citing strong domestic demand.

But the plan is dependent on a number of factors, among which is determining the car models that will appeal more to Filipinos and coming up with ways to counter the continuous entry of " reconditioned vehicles" from Japan, Stephen D. Sy, president of Focus Ventures, told reporters today.

"The continuous entry of 'chop chop' vehicles is holding us back. (Also), once (sales) hit 100 units a month, then we may seriously consider the construction of the $8 million-assembly plant (that is capable of producing 200 to 300 units)," Sy said.

The company, which currently sells an average of 30 units a month, exclusively distributes, markets and services Chana and FAW vehicles in the Philippines.

FAW and Chana are among major car manufacturers in China. Chana is the international name for Chang'an Auto Co. Ltd. that has established joint venture partnerships with international auto leaders such as Ford, Mazda, and Suzuki.

FAW (First Automotive Works) Group Corp. meanwhile is a leading vehicle manufacturer and has been in the forefront of China's motoring industry. The company has partnered with established brands such as Volkswagen and Toyota.

Auto industry seen growing by double digit
(philstar.com) Updated June 16, 2010 09:01 PM

MANILA, Philippines (Xinhua) - The Philippines' automotive industry is looking at a double digit growth for this year's vehicle sales following the local economy's unexpectedly strong performance in the first quarter.

A sales growth of 11.15 percent this year, higher than its earlier target of 4 percent, is possible based on the trend that the industry is experiencing, the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) said today.

This translates to a total of 147,000 units being sold this year, up from last year's 132,244 units. A growth of 11.15 percent likewise means that the industry's sale will double last year's performance when total sales grew only by 6.4 percent from the previous year.

Since the year started, the industry has already sold 66,598 units as of May, 36.6 percent higher from the same period last year. In May alone however, total sales reached only 13,995 cars, lower by 1.8 percent from April's performance, data from CAMPI's website showed.

"On a month-on-month basis, the total industry sales declined due to unavailability of models, low market demand and insufficient stocks," it said.

[rmb]

Originally Posted by xxxriainxxx

To add,

1. If GMA did not forcibly open T3 then it would probably be still gathering dust now. The funding to finish it came under her admin.

2. RORO was initiated on a massive scale during GMA's term. The Maharlika Hwy that straddles the Eastern Seaboard of the Philippines was indeed accomplished by the Marcos admin but it was during GMA's term when the far more complicated and more organized SRNH was realized.

3. Nakailang wage increases na tayo Jake_noypi. Check your facts before you start writing. Nawaive ang income tax sa panahon ni Gloria. Fact yan. Hindi mo yan madeny.

4. @La Reine, tama, si Gordon ang author ng automated elections, si Gloria ang sumuporta at nagfund at si Noynoy ang nakinabang.


Klaro na ba Jake Noypi?

And why did it all happened in GMA's term?

THE ANSWER: SHE HAS THE GUTS AND POLITICAL WILL, UNLIKE HER PRECEDESSORS -- when it comes to INFRASTRUCTURE.

ITS HER DECISIVENESS THAT KEPT THE ECONOMY MOVING FORWARD. BAWAL ANG PABAGOBAGO NG ISIP. AM I RIGHT, P-NOY?

[bitoy]

Originally Posted by le Reine

Some errors:

The law was authored by Gordon but the budget was made urgent by the Palace.

1997 - Gordon was the Chairman of Subic Bay Metropolitan Authority but he was credited for the passing of Republic Act No. 9369 that amended the previous act.


Republic Act No. 8436 December 22, 1997

AN ACT AUTHORIZING THE COMMISSION ON ELECTIONS TO USE AN AUTOMATED ELECTION SYSTEM IN THE MAY 11, 1998 NATIONAL OR LOCAL ELECTIONS AND IN SUBSEQUENT NATIONAL AND LOCAL ELECTORAL EXERCISES, PROVIDING FUNDS THEREFOR AND FOR OTHER PURPOSES
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled::

Section 1. Declaration of policy. - It is the policy of the State to ensure free, orderly, honest, peaceful and credible elections, and assure the secrecy and sanctity of the ballot in order that the results of elections, plebiscites, referenda, and other electoral exercises shall be fast, accurate and reflective of the genuine will of the people.

Section 2. Definition of terms. - As used in this Act, the following terms shall mean:

1. Automated election system - a system using appropriate technology for voting and electronic devices to count votes and canvass/consolidate results;

2. Counting machine - a machine that uses an optical scanning/mark-sense reading device or any similar advanced technology to count ballots;

3. Data storage device - a device used to electronically store counting and canvassing results, such as a memory pack or diskette;

4. Computer set - a set of equipment containing regular components, i.e., monitor, central processing unit or CPU, keyboard and printer;

5. National ballot - refers to the ballot to be used in the automated election system for the purpose of the May 11, 1998 elections. This shall contain the names of the candidates for president, vice-president, senators and parties, organizations or coalitions participating under the party-list system.

This ballot shall be counted by the counting machine;

6. Local Ballot - refers to the ballot on which the voter will manually write the names of the candidates of his/her choice for member of the House of Representatives, governor, vice-governor, members of the provincial board, mayor, vice-mayor, and members of the city/municipal council. For the purpose of the May 11, 1998 elections, this ballot will be counted manually;

7. Board of Election Inspectors - there shall be a Board of Election Inspectors in every precinct composed of three (3) regular members who shall conduct the voting, counting and recording of votes in the polling place.

For the purpose of the May 11, 1998 elections, there shall be special members composed of a fourth member in each precinct and a COMELEC representative who is authorized to operate the counting machine. Both shall conduct the counting and recording of votes of the national ballots in the designated counting centers;

8. Election returns - a machine-generated document showing the date of the election, the province, municipality and the precinct in which it is held and the votes in figures for each candidate in a precinct directly produced by the counting machine;

9. Statement of votes - a machine-generated document containing the votes obtained by candidates in each precinct in a city/municipality;

10. City/municipal/district/provincial certificate of canvass of votes - a machine-generated document containing the total votes in figures obtained by each candidate in a city/municipality/district/ province as the case may be; and

11. Counting center - a public place designated by the Commission where counting of votes and canvassing/consolidation of results shall be conducted.

[RonnieR]

OFW inflows up 6.6% to $5.9 billion in January-April
By Lawrence Agcaoili (The Philippine Star) Updated June 17, 2010 12:00 AM

MANILA, Philippines - Money sent home by overseas Filipino workers (OFWs) grew by 6.6 percent to $5.86 billion in the first four months of the year from $5.49 billion a year ago, due to a steady demand for professional and skilled Filipino workers abroad.

BSP Governor Amando Tetangco Jr. said that remittances from OFWs were propped up by the steady demand for Filipino workers abroad and the expansion of bank and non-bank service providers to capture a larger share of the global remittance market.

“Notwithstanding concerns over sovereign debt problems in some European countries, remittan-ces from overseas Filipinos continued to show strength amidst the gradual recovery of the global economy,” Tetangco said.

He pointed out that the bulk, or 81.4 percent, of the total remittances reported by local banks in the first four months were sourced mainly from the US, Canada, Saudi Arabia, the United Kingdom, Japan, Singapore, United Arab Emirates, and Italy.

Data from the Philippine Overseas Employment Administration (POEA) showed that workers classified as new hires with processed contracts and are awaiting deployment rose by 11 percent to 137, 888 in the first four months of the year from 124,170 in the same period last year.

Furthermore, approved job orders aggregated 295,373 for the first five months of the year. About a third of the approved job orders were involved in service, professional, technical as well as production and related workers.

Tetangco said the enforcement of the ASEAN-Australia-New Zealand Free Trade Agreement in January this year is also expected to open up more job opportunities for Filipino nurses and engineers.

For the month of April alone, the BSP chief said OFW remittances grew by 5.4 percent to $1.52 billion from $1.441 billion in the same month last year.

This was the third highest ever monthly remittance level after the $1.567 billion posted last December and the $1.553 billion posted in March.

He also cited the expanded access of overseas Filipinos and their beneficiaries to an increasing range of financial products and services offered by banks and other financial institutions.

Statistics showed that the number of established tie-ups, remittance centers, correspondent banks, branches or representative offices abroad of commercial banks increase to 4,483 as of March this year from 4,192 as of end-2009.

The BSP has upgraded its growth forecast for the amount of money sent home by overseas Filipinos to eight percent instead of six percent due to the strong demand for Filipino skilled workers.

Last year, remittances went up by 5.4 percent to a new record level of $17.348 billion last year from $16.426 billion and exceeded the revised four percent growth forecast set by the central bank due to the steady growth of OFW remittances to the sustained demand for skilled Filipino workers overseas particularly engineers, medical practitioners, and teachers.

Major sources of remittances last year included the US, Canada, Saudi Arabia, United Kingdom, Japan, Singapore, United Arab Emirates, Italy, and Germany.

The Philippines posted a stronger-than-expected gross domestic product (GDP) growth of 7.3 percent in the first quarter of the year from only 0.5 percent in the same quarter last year. This was higher than the 2.9 percent to 3.9 percent GDP growth projected by the National Economic and Development Authority (NEDA) for the first quarter.

The economic managers through the Cabinet-level Development Budget Coordination Committee (DBCC) is looking at revising upwards its GDP growth forecast to five percent to six percent instead of the original 2.6 percent to 3.6 percent this year.

[wino]

repost ko ulit.. d nio napansin eh..
busy kayo maciado sa pulitika.. LOL

Originally Posted by wino

So far, this is the most interesting news I've read this year 2010.



Rep. Djou calls for free trade with Philippines
http://www.cnbc.com/id/37717026
By: The Associated Press | 15 Jun 2010 | 05:26 PM ET Text Size
HONOLULU - U.S. Rep. Charles Djou, R-Hawaii, is calling for negotiations on a free trade agreement between the United States and the Philippines.

Djou has introduced a nonbinding resolution requesting trade talks between the two countries that have long-held economic, military, cultural and social ties.

The legislation is Djou's first since winning his seat May 22.

Djou says in a statement that a trade pact would benefit Hawaii, where about one-fifth of the population is of Filipino descent.

The U.S. exported $9.7 billion worth of goods to the Philippines in 2007, according to the U.S. Trade Representative's office, making it the 30th largest U.S. market.

The Philippines exported $11.6 billion in 2007 to the U.S, making it the 37th largest supplier of goods.

[bitoy]

Originally Posted by rmb

And why did it all happened in GMA's term?

THE ANSWER: SHE HAS THE GUTS AND POLITICAL WILL, UNLIKE HER PRECEDESSORS -- when it comes to INFRASTRUCTURE.

ITS HER DECISIVENESS THAT KEPT THE ECONOMY MOVING FORWARD. BAWAL ANG PABAGOBAGO NG ISIP. AM I RIGHT, P-NOY?

She gets the credits that she deserves and for 9 years there are lots of pros and cons of her preformance as a leader. It's just the matter on What outweighs the other.

[RonnieR]

Marcventures allots P470-M for nickel mine ops
abs-cbnNEWS.com
Posted at 06/16/2010 8:19 PM | Updated as of 06/16/2010 8:19 PM

MANILA, Philippines - Marcventures Mining and Development Corp. is investing P474 million for a nickel mining project in Cantilan, Surigao del Sur.

The project was recently granted tax holidays, duty free importation, and exemption from local government taxes by the Board of Investments.

Marcventures said that its open pit mining operations will produce up to 800,000 wet metric tons of nickel annually.

The mining company is planning to export nickel in July.

The open pit mining project covers an area of 4,799 hectares under a mineral production sharing agreement with the government.

Marcventures is majority owned by Mario G. Vijungco and Dy Chi Hing, who are both prominent traders in various businesses in Mindanao.

Ramon Recto, its current president, used to head one of the largest mining companies, Lepanto Mining.

Recto is also currently the chairman of Ivanhoe Philippines, a subsidiary of Ivanhoe Mines Ltd., an international mining firm.

Marcventures has tapped Japan's Hanwa Co. Ltd. for the exclusive distribution of its nickel ore to countries such as Japan, South Korea, China, India, United States and European countries.

Nickel is commonly used in producing stainless steel, super alloys, electroplating, batteries, coinage, magnets and other industrial and commercial materials.

Under the 2009 Investments Priorities Program of the BOI, companies establishing their businesses in the country's 30 poorest provinces, including Surigao del Sur, are given incentives such as tax breaks to make their businesses more viable.

[whatuwan]

Originally Posted by rmb

And why did it all happened in GMA's term?

THE ANSWER: SHE HAS THE GUTS AND POLITICAL WILL, UNLIKE HER PRECEDESSORS -- when it comes to INFRASTRUCTURE.

ITS HER DECISIVENESS THAT KEPT THE ECONOMY MOVING FORWARD. BAWAL ANG PABAGOBAGO NG ISIP. AM I RIGHT, P-NOY?

It's kinda funny how unpopular presidents are the ones who did lots of achievements, while the more popular ones tend to do nothing (hopefully, abnoy is an exception)

[whatuwan]

http://www.abs-cbnnews.com/business/...rowth-goal-5-6

Gov't upgrades 2010 economic growth goal to 5%-6%
abs-cbnNEWS.com
Posted at 06/16/2010 12:56 PM | Updated as of 06/16/2010 1:00 PM

MANILA, Philippines - The government has raised its 2010 economic growth target to a range of 5% to 6% from the previous 2.6% to 3.6%, after surprisingly strong first-quarter growth.

"The economic activities generally improved with a better than expected global economic recovery, improved level of business and consumer confidence, as well as higher government spending on capital outlay and social services," said the inter-agency Development Budget Coordination Committee (DBCC), which sets the country's macroeconomic targets.

The Philippine economy grew by 7.3% in the first quarter of 2010 from the year before, the fastest pace in almost 3 years. The growth was buoyed by the surge in exports, increased remittances from overseas Filipinos, and election-related spending.

Prospects for the rest of the year are bright, noted the DBCC, despite financial headwinds from Europe that threaten global recovery.

Acting Budget Secretary and DBCC Chairman Joaquin Lagonera said critical and broad-ranging reforms adopted by the government have enhanced the internal strength of the local economy, supporting growth during the first quarter and "throughout 2010."

"We are confident that this kind of growth will be sustainable," Lagonera added.

Following the upgrade of the country's growth target in DBCC's meeting Tuesday, Economic Planning Secretary Augusto Santos urged the incoming administration of President-elect Benigno "Noynoy" Aquino III to maintain economic growth momentum by spending heavily on "infrastructure, social services and environmental protection."

Aquino had pledged to ensure spending benefits and creates more jobs for the poor.

He also said that tackling the country's growing unemployment and swelling budget deficit would be on top of his administration's agenda.

Unemployment rate climbed to 8% in April, the highest in two years, while the deficit is projected to reach P293.2 billion in 2010.

Aquino is banking on a stronger economy to boost government coffers so he could stick to his promise to refrain from raising existing taxes or imposing new ones.

Aquino, who ran on a platform of fighting corruption and improving government transparency, believes that plugging tax leakages by curbing tax evasion and smuggling was a better option in shoring up government revenues.

Economists said if strong revenue collections are sustained throughout the year, the government will be able to keep or even beat its budget deficit goal this year.

[RonnieR]

Prime Gaming to open Papa John’s pizza chain
abs-cbnNEWS.com
Posted at 06/17/2010 12:39 PM | Updated as of 06/17/2010 12:42 PM

MANILA, Philippines - Listed firm Prime Gaming Philippines Inc. and its Malaysian partners will venture into the food chain business with a franchise for American pizza brand Papa John's.

They will set up Berjaya Pizza Philippines Inc., which will own and operate the pizza chain locally.

Prime Gaming said it will subscribe to 65% or 78 million common shares of Berjaya Pizza Philippines' subscribed capital worth P120 million.

The Papa John's franchise holder in Malaysia, Berjaya Pizza Company Sdn Berhad, will own 20% of the Philippine franchisee, Prime Gaming added.

Papa John's was organized in the US in 1985. It serves meals, mainly pizza, pasta and soup.

Prime Gaming leases online lottery equipment to state-run Philippine Charity Sweepstakes Office.

[Kintoy]

Originally Posted by regjeex

Nang dahil kay PGMA, maraming aiports ang nabuksan... sa maliit na city pinag eenjoyan, dahil kay GMA, mga tao'y nagsisipag galakan..

Category 2, anyone? Banned from flying to Europe. thanks GMA

[b_two]

Originally Posted by RonnieR

Prime Gaming to open Papa John’s pizza chain
abs-cbnNEWS.com
Posted at 06/17/2010 12:39 PM | Updated as of 06/17/2010 12:42 PM

MANILA, Philippines - Listed firm Prime Gaming Philippines Inc. and its Malaysian partners will venture into the food chain business with a franchise for American pizza brand Papa John's.

They will set up Berjaya Pizza Philippines Inc., which will own and operate the pizza chain locally.

Prime Gaming said it will subscribe to 65% or 78 million common shares of Berjaya Pizza Philippines' subscribed capital worth P120 million.

The Papa John's franchise holder in Malaysia, Berjaya Pizza Company Sdn Berhad, will own 20% of the Philippine franchisee, Prime Gaming added.

Papa John's was organized in the US in 1985. It serves meals, mainly pizza, pasta and soup.

Prime Gaming leases online lottery equipment to state-run Philippine Charity Sweepstakes Office.

masarap sa papa john's. hope mag-open na agad sila ng branch sa pinas.

[Retro]

Unemployed
FIRST PERSON By Alex Magno (The Philippine Star)
Updated June 17, 2010 12:00 AM

The good news is that we have had nine years of uninterrupted economic expansion. The bad news is that the unemployment rate remains the same as it was nine years before.

Unemployment, and the volume of poverty that implies, remains the persistent problem that seems to defy all efforts at alleviation. Every administration that came into office the past few decades put poverty alleviation at the top of its list. Every administration that has left office since the Edsa revolution also left the beast of unemployment untamed.

Unfortunately, there is no silver bullet to end the problem of unemployment and poverty. It is a problem with many facets and many dimensions that all together defy any single strategy.

A lot of people expect poverty to be solved by public spending alone — meaning that government either provides huge dole-outs or directly employs the unemployed. That has proven to be an unsustainable strategy. The more workable strategy — that of assigning government the role of catalyzing economic activity to improve wealth generation in society — requires a long gestation period and some tough policies that might sometimes seem ruthless at the onset.

The most obvious correlation in the complex unemployment and poverty equation is that between population growth and the rate of economic expansion. If population grows at a high rate, economic expansion must happen at a much faster rate to significantly reduce the volume of poverty.

In a strategy paper put out a few years back by former Speaker Jose de Venecia, he argued that the economy must grow on a sustained basis by at least 7% annually for seven straight years to make any significant dent on the poverty profile. That was called the 747 Plan.

That sounds simple enough, until we consider that our average rate of economic growth the past few decades has been only about 3.5%. For that plan to work, we need to double our average rate of growth.

This is easier said than done. Our economy is vulnerable to downturns in the global economy. In 1997, we were forced into a recession by the Asian financial contagion. In 2008, the year we targeted a balanced budget, our economic performance was undermined by a global recession sparked off by the subprime financial crisis. Today, we are looking anxiously at the possible effects on our economy of the financial tensions in the euro zone.

In order to bring our growth rate to a sustained 7% annually over a long period, we need to simultaneously draw investments flows into our economy many times larger than we currently are able to and drastically increase public spending to close the infrastructure gap that plagues our economy. Both policy limitations and poor infra diminish the attractiveness of our economy to investments.

We could not close the infra gap quickly because of limited budget resources and some of the policy disincentives to investment are embedded in our Constitution. One factor, for instance, that discourages industrial investments in our economy is the comparably high costs of power. Electricity is not only costly, its supply is unreliable. Even with the most tough-minded energy security strategy, it will take us at least two decades to solve this weakness.

In the present global scheme of things, an economy’s competitiveness relies heavily on the quality of its human resources. The quality of human resources, in turn, is determined by the quality of its educational system. Our educational system, we know, has been deteriorating over the past two decades — in part because our policy architecture inhibits private investments in the business of education.

We cannot rely on publicly subsidized education to liberate us from mediocrity. There will never be enough public money to do this. We need to radically reconfigure our education strategy to encourage more private investments in the urgent task of raising the skills profile of our population.

With an obsolete skills profile, our economy’s capacity for wealth creation will continue to be restrained. The existing educational system as it is configured will not do the job for us. But reconfiguring it will, as in the case of energy, require some amount of time.

Neither should we expect our agriculture to deliver us from unemployment. The modernization of our agricultural sector will require mechanization rather than more extensive use of manual labor. Otherwise, our agriculture sector will continue to be the poverty trap it has been for decades.

The fact is, there is no economic sector where we can be competitive by being labor-intensive. Every sector where we can possibly be competitive, from business process outsourcing to tourism, requires high-grade labor creating high value-added.

Let’s have no illusions about the beast of unemployment and poverty we need to tame. The brutal reality is that we have a large number of people who, to put it bluntly, simply cannot be employed given their existing skills.

If we put all the unemployables in the public payroll, that will bleed our budgetary resources, force us deeper into debt and draw public investments away from more productive uses. But the modern state cannot avoid the responsibility of reducing the volume of social misery one way or the other.

That means that rescuing the poor, possibly through conditional cash transfers, is unavoidable even at the sacrifice of other spending options with better economic returns. It must be clear in our minds, however, that such programs are a balm on the pangs of poverty and not a permanent cure.

Unemployment will remain a feature of our economy well into the next generation.

[fengrun]

^ why do these people keep on writing about unemployment rate in the country when the US, and a number of Euro countries Portugal, Spain, Ireland, Greece has more unemployed in the Philippines.

Besides, in the Philippines, those a large number of unemployed prefer not to work because they are the dependents and beneficiaries of OFW's.

[296619]

wahaha... base sa 24 years ko nang pamumuhay sa Pinas, "inanaay" (with exageration) ang infra ng Pinas noong last three admin. Nabago ito sa panahon ni Arroyo. Pansinin nalang natin ang mga kalsada natin ngayon, airports at iba pang facilities. At naglabasan ang mga bagong gudgets.

Pati mga syudad sa kanyunan sumigla!

regarding unemployment, icorrelate din natin to sa population growth natin. E yung mga nagsisipagtapos ngayon ay ipinanganak noong panahon na sobrang taas ng population growth. May point ba? wahahaha....

[InformaticIAN]

Originally Posted by 296619

wahaha... base sa 24 years ko nang pamumuhay sa Pinas, "inanaay" (with exageration) ang infra ng Pinas noong last three admin. Nabago ito sa panahon ni Arroyo. Pansinin nalang natin ang mga kalsada natin ngayon, airports at iba pang facilities. At naglabasan ang mga bagong gudgets.

Pati mga syudad sa kanyunan sumigla!

regarding unemployment, icorrelate din natin to sa population growth natin. E yung mga nagsisipagtapos ngayon ay ipinanganak noong panahon na sobrang taas ng population growth. May point ba? wahahaha....

may punto ka... hehehe

ano ba ang basehan ng unemployment rate??

like me? i have my own business... am i considered unemployed? (sensya na wala me alam)

(my first posts here)

[RonnieR]

Originally Posted by InformaticIAN

ano ba ang basehan ng unemployment rate??

like me? i have my own business... am i considered unemployed? (sensya na wala me alam)

(my first posts here)

No, you are not considered as unemployed since you have a business.

The definition of unemployment is as follows:
"Apparently, the government adopted a definition of unemployment following an October 20, 2004 resolution by the NSCB, which states that the unemployed (15 years old and above) must not only be without work or business (during the survey reference period), but must also be available and actively seeking work. All these conditions have to be satisfied in order for a person to be considered unemployed. One who is not looking for a job, therefore, may only fall in this category if the person has been looking for a job in the past six months prior to the survey and “believes” there is no work available; is awaiting results of a previous job application; is suffering from a temporary illness or disability; is unable to look for a job due to bad weather, or is waiting for a rehire or job recall."

more:

Originally Posted by le Reine

I disagree with the statement that unemployment was tweaked just so it would reflect a lower unemployment rate.

It was a long and tedious process way before GMA was President. The unemployment definition was not implemented by the government simply by its whims. It was recommended by the International Labor Organization and the United Nations. I don't understand why this issue has always been resurrected.

http://www.up.edu.ph/upforum2.php?i=...max=1&issue=36
http://www.nscb.gov.ph/headlines/Sta...employment.asp

If I were Noynoy, I guess it's time to stop hitting the outgoing administration with these statements. He's in control of the government now, everything that he says would just hit back at him, IMO.

[RonnieR]

Malaysia's Berjaya steps up RP presence
By Zinnia B. Dela Peña (The Philippine Star) Updated June 18, 2010 12:00 AM

MANILA, Philippines - Berjaya Group Bhd., a highly-diversified Malaysian conglomerate, is aggressively stepping up its presence in the Philippines as it prepares to enter the fastfood business to add to its existing investment portfolio consisting of gaming and hotels.

In a disclosure to the Philippine Stock Exchange, Prime Gaming Philippines, Inc. (PGPI), 68-percent owned by Hong Kong-based Berjaya Lottery Management Ltd., said it is subscribing to 65 percent of the subscribed capital of the soon-to-be established Berjaya Pizza Philippines Inc. (BPP).

BPP will have an initial authorized capital stock of P200 million upon its incorporation.

The new company is bringing in Papa John’s to the Philippines. Organized in 1985 in Louisvuille, Kentucky, Papa John’s is the third largest and fastest-growing take-out and delivery pizza restaurant chain in the United States, with over 3,300 stores worldwide including 2,600 in the US and more than 500 in over 30 countries.

The franchise holder in Malaysia, Berjaya Pizza Co. Sdn Bhd. will subscribe to 20 percent or 23.999 million shares of BPP.

Sources said BPP is now scouting for a location of the pilot branch which it intends to open before the end of the year.

The same source said PGPI, which will soon be renamed Berjaya Philippines Inc., continues to be on the lookout for business opportunities in the country. “The goal is to go into businesses where Berjaya is in like the food industry,” the source said.

Berjaya holds the Malaysian license for the the McDonald’s, Starbucks, Roasters, and 7-Eleven store franchise.

Through a series of acquisitions and organic growth, Berjaya has evolved into a major Malaysian conglomerate with holdings ranging from lottery and casino operations; hotel, resort development, and time-share development and management; mobile telephone services, through its holding in DiGi; motor vehicle sales through its Hyundai-Berjaya joint venture; the distribution of consumer goods and brands, including Cosway, Singer, and others; and the manufacturing and distribution of air conditioning, refrigeration, and related systems through subsidiary Dunham-Bush Malaysia, among others.

The group is also a major real estate developer in Malaysia. The company’s most recently completed project is the massive Berjaya Times Square complex, which, at more than 675,000 square meters of retail, entertainment, and leisure space, is the largest in the Asia Pacific region.

PGPI recently acquired a 212-room hotel in Makati City previously managed by Best Western, as part of its strategy to store up its presence in the country. Plans are now underway for the refurbishment of the hotel which could entail an investment of close to P200 million, the source said.

PGPI has a 100 percent equity ownership interest in Philippine Gaming Management Corp. which is involved principally in the business of leasing on-line lottery equipment and providing software support.

[Dustin]

Originally Posted by InformaticIAN

may punto ka... hehehe

ano ba ang basehan ng unemployment rate??

like me? i have my own business... am i considered unemployed? (sensya na wala me alam)

(my first posts here)

eh ako I have my small business and at the same time employed pa ako... ano tawag sa akin?