MANILA, Philippines — Team Unity senatorial candidates are confident the Philippine economy will soar high this year on the heels of a long list of new, huge foreign investments coming into the country, the latest of which is from Texas Instruments Inc., the Dallas-headquartered world’s largest maker of mobile phone chips.
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MANILA, Philippines ? In a remittance slip, there was an additional US$50 that Cesar Dimasupil?s daughter Arlene sent from London. But he remained stoic. ?That [money] would just even things out,? Dimasupil says of the dilemma that most families of overseas Filipino workers are facing under a stronger peso and a record-low inflation rate.
Dimasupil, like most Filipinos brought up in a male-as-strong society, says he doesn?t know if he should celebrate for getting the added money from something he said he shouldn?t have asked from his daughter in the first place. ?But what can I do? They say the strong peso could lead to lower prices. That hasn?t happened in the past months,? Dimasupil said.
by ISAGANI DE LA PAZ
www.ofwjournalism.net
MANILA, Philippines ? Across the East Asia region sweeps the wind of prosperity and cash remittances as well as knowledge capital by migrant workers has helped economies become more robust a decade after a devastating crisis.
Aside from the Philippines, the World Bank cited remittances from workers overseas also helped other countries like Vietnam and Mongolia to beef up cash reserves. Hence, remittances could soften and may even foil a repeat of the 1997 Asian crisis ?if ever there would be one in the near future.
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MANILA, Philippines — International agency, Oxfam urges the Intellectual Property Office
(IPO) to cancel the patent of Pfizer on anti-hypertension drug,
Norvasc in the Philippines following the recent decision of the US
Court of Appeals nullifying the patent granted to Pfizer for
amlodipine besylate, Norvasc’s active ingredient.
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MANILA — Socioeconomic Planning Secretary Romulo L. Neri said that the Philippines is growing at a respectable rate compared with its Asian neighbors, and not losing out to the economies of Vietnam, Cambodia, Laos, and Bangladesh as claimed by a May 4 advertisement in a daily newspaper.