Economy

Coping with the crisis in 2009: Back to basics

by
Mar 05, 2009

By IBON Media

The global economic situation is expected to continue deteriorating until 2010 and even beyond, and the Philippines is going to be severely affected by the worsening crisis. Yet it is still possible to mitigate the effects on the country, and more importantly, to emerge from this period of crisis with a genuinely strengthening and forward-moving economy.Read on.

Davao drivers and operators demand the scrapping of VAT on oil

by
Oct 21, 2008

According to the Transport of Southern Mindanao for Solidarity, Independence and Nationalism (Transmision) computations, a driver who consumes an average of 30 liters per day loses 747.30 pesos in his day’s income compared to the 2005 level. The one-peso fare hike allows the driver to recover 250 pesos of this lost income, if he maintains the average number of passengers in a day. But he still has to contend with the 497.30 pesos deficit.