The U.S. Financial Crisis and the Philippines’ Economic Debacle
The opposing views proliferating in the media on whether the U.S. financial meltdown will have an extensive impact on the Philippine economy are expected and time may help settle this…
SHANTIES. A giant billboard stands obtrusively against the shanties along the riverbank of Davao River. About one third of Filipinos are living below the poverty line, their condition worsened by rising inflation, which registered a 17-year high last month. The National Statistical Coordination Board (NSCB) reported in its latest poverty survey released in May that the number of " poor" Filipinos grew from 23.8 million in 2003 to 27.6 million in 2006. (Photo by Keith Bacongco / AKP Images)
On the global economic and financial crisis
The deep problems of the imperialist-dominated world capitalist system are in very sharp focus today. The majority of humanity has long suffered unremitting poverty and exploitation - but the people…
Mindanao economy improves – Medco
Davao City-The island of Mindanao registered a 7.2 percent economic growth from 2006 to 2007. An assessment by the Mindanao Economic and Development Council (Medco) gave these figures, saying that…
Consumer education to be part of high school curriculum next year
Davao City-Consumer education will be part of the curriculum of public and private high schools nationwide by School Year 2009-2010. This after a memorandum of agreement (MOA) on the integration…
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