.

Current Human Events & Stories

*20

Why Fuentebella’s Partido Development Administration got the axe

Why Fuentebella’s Partido Development Administration got the axe. The administration is cleaning up the mess of the past. Or, so it seems. Recently, Malacañang abolished a Bicol-based Government Owned or Controlled Corporation (GOCC) created during the administration of former president Fidel V. Ramos. The Partido Development Administration (PDA) was snapped […]

BSP wants you to know the Philippine bank notes are hard to counterfeit

Bangko Sentral ng Pilipinas wants you to know that it would be very difficult to produce a counterfeit of the new generation Philippine bank notes now in circulation. With the very stringent process, the bank note paper used made up of cotton with Philippine abaca, and all other security features […]

Peso seen to breach the 54 level to a US dollar in 2018

This should confirm the long suspected plunge of the peso vis-à-vis the US dollar. Now the peso is seen to weaken further beyond the range of 48-50 until the end of year 2017. If it does, which is srongly possible, President Rodrigo Duterte’s economc managers are missing something. Yet, it […]

Bicolanos are too poor to open a savings account – Survey

Many Bicolanos are either living dirt poor, pay check to pay check, do not have money left to put up a bank account, or do not have confidence in the Philippine banking system. Either one of the above could be true. Take a look at the recent finding based on […]

Wonder how much OFW remittance adds up to and where they come from?

Wondered how much Overseas Filipino Workers Remittance adds up to and where they come from? Here’s a dated infograhic presentation showing an increase of OFW remittance beginning 2013 sourced from data provided by the Bangko Sentral ng Pilipinas. Philippine-based banks and financial remittance companies processed about $26.2 billion or P1.20 […]

Philippines ranks 74th out of 128 economies in innovation

In the 2016 Global Innovation Index (GII) report, the Philippines was 74th on innovation among 128 economies surveyed. The report jointly released by World Intellectual Property Organization (WIPO), Cornell University and INSEAD ranked 128 economies in terms of their Global Innovation Index (GII) based on 82 indicators. The 9th edition […]

No economy is an island, so will PH get hit by BREXIT?

Not yet in and yet, the choice technocrats of the incoming Duterte regime are quick to sound off that the European phenomenon called BREXIT, the departure of the United Kingdom (also known as Great Britain) from the European Union will have no effect on the local economy. While many countries […]

Rejoinder, which Bicol city is ready to become an HUC?

After posting Legazpi City readies to become the first HUC in Bicol, this writer felt like taken for a ride (‘nakuryente’) by the information. So I reviewed some numbers to compare the remaining cities of the region. First. Bicol cities verified annual regular income from the years 2011 up to […]

Philippine Stock Exchange sees P200-B capital raising a good target

Philippine Stock Exchange (PSE) President Hans Sicat told reporters more companies engaged in real estate and consumer/retail sectors are expected to launch their initial public offering (IPO) on the local bourse next year. Eight to 10 companies are expected to debut in the local equities stock market in 2016, as […]

Extremely productive: PH, Japan sign agreements on rail project and more

The Philippines and Japan on Thursday night signed bilateral agreements on social security and rail project while increasing defense partnership following the Paris attacks that killed 129 people. The agreements were signed after the bilateral meetings between Philippine President Benigno Aquino III and Japan Prime Minister Shinzo Abe at the […]

PH looking at additional 1.3-MT rice imports

The Philippines has no bragging right about rice self sufficiency anytime now until some time next year. The government is looking to import an additional 300,000 metric tons (MT) of rice, bringing total rice shipments to 1.8 million MT during the first half of 2016, to ensure enough supply and […]

World Bank projects Philippine economy to expand 6.5% in 2015

MANILA, April 13 — The World Bank has projected the gross domestic product (GDP) growth for the Philippines at 6.5 percent at end-2015. The growth forecast for the country this year was trimmed from the 6.7-percent GDP growth projection in October 2014. In its East Asia and Pacific Economic Update […]

PH merchandise exports suffer marginal drop in January 2015

MANILA, March 12 — Philippine export of minerals and agro-based products registered strong growth in January 2015, but weaker demand in manufactures and lower sales from petroleum pulled down total exports, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported Tuesday that the country’s merchandise […]

Peso takes a breather on renewed interest on equities

Peso takes a breather on renewed interest on equities MANILA, Feb. 14 — The Philippine peso ended the week sideways to a dollar at 44.28 from day-ago’s 44.37 partly buoyed by investors’ preference to put funds in the local equities market. A trader said investors are still worried about the […]

P-Noy approves additional P10,000 tax exemption

MANILA, Dec. 29 — Malacanang on Sunday announced that President Benigno S. Aquino III approved an additional P10,000 tax exemption for each worker-taxpayer. Presidential spokesperson Herminio Coloma, Jr., on Sunday in a radio interview said President Benigno S. Aquino III approved an additional P10,000 tax exemption for each worker-taxpayer. Coloma […]

PH inflation dips to 3.7 percent in November 2014

MANILA, Dec. 6 — Lower food prices and cheaper local petroleum and electricity pulled down inflation rate to 3.7 percent in November, its lowest level this year, according to the National Economic and Development Authority. Inflation rate from January to November 2014 stood at 4.3 percent. “This further easing is […]

PH economy slows down to 5.3% in third quarter

MAKATI CITY, Nov 28 — The county’s economy slowed down, as the gross domestic product (GDP) grew by only 5.3 percent in the third quarter of 2014. This is the lowest in almost three years. This is lower than the growth rates of 6.4 percent in the second quarter of […]

Export growth of PH up by 15.7 per cent – NEDA

PASIG CITY, Nov 13 — Philippine merchandise exports grew by 15.7 percent in September 2014, topping trade-oriented economies in East and Southeast Asia since June, according to the National Economic and Development Authority (NEDA). The Philippines outperformed China (15.3%), Vietnam (14.4%), Republic of Korea (6.9%), Taiwan (4.7%), Indonesia (3.9%), Thailand […]

DA: Bicol pilot area for climate change resistant crops

The Department of Agriculture selected Bicol Region as the pilot area for climate change resistant or adapting crops in line with the climate change resiliency program of the government. Agriculture secretary Proceso Alcala on Sunday said the region will also serve as the laboratory for the DA’s quick turnaround planting […]

Masbate farmers coop acquire rice processing center

PILI, Camarines Sur, -– The Narangasan multi-purpose cooperative based in the town of Milagros in Masbate province recently received a rice processing facility built by the agriculture department (DA). The building with an area of 300 square meters was completed at the cost of P56 million equipped with a multi-pass […]

Is PH losing drive on rice self-sufficiency production target?

The Philippines is a sour loser when it comes to effective rice production in the country despite the presence of International Rice Research Institute and the Philippine Rice Research Institute both within its grasp and under its “disposal.” Can we forget how in December of 2011, one and a half […]

PH economy projected to sustain 6.5% growth in 2014

MANILA, Jan. 6 — The country’s economy is projected to sustain a robust growth of 6.5 percent this year, slightly lower than the 2013 estimate of 6.75 percent, on the back of buoyant infrastructure investments and stronger consumption, according to a finance firm. “The administration’s main thrust is infrastructure spending […]

Peso gains strength vs. dollar on Monday

MANILA, Dec. 2 — The peso strengthened against the United States dollar on Monday and is seen to remain this way until Friday on account of the volume of data set for release this week that is expected to be on the US dollar’s disadvantage. It gained P0.10 to end […]

The 101 on Why Highlight Bicol Marine Wealth in a Regional Trade Fair

The 101 on why there is the need to highlight Bicol marine wealth and biodiversity into the spotlight of a regional trade fair. The regional office of the Bureau of Fishiries and Aquatic Resources partners with the organizers of the forthcoming regional Bishop Francisco Gainza Trade Fair with its exhibition […]

Bicol is 7th Poorest Among Geographic Regions of the Philippines

The latest info-statistic release by the National Statistics Coordination Board should not surprise us at all. With a poverty incidence of 34.1 percent during the first six months of 2012, Bicol is the seventh poorest region in the Philippines, based on the latest study of the agency which is releasing […]

Many Bicol Families Live Dirt Poor and Always Hungry

Darnel (not his real name) lives with his family in an informal satellite community in the municipality of Calabanga. His parents and grandparents are neighbors in makeshift nipa huts which barely can be considered decent living structures on lands owned by the government, particularly by the National Irrigation Administration, as […]

For Catanduanes, Is it Quo Vadis, Abaca?

We are late posting in here the good news about abaca in the Bicol region where once again last year, the indigenous plant top-ranked production in the country. But it seems, whatever encouraging news the accompanying piece brought forward may just be a footnote to the aspirations of abaca farmers […]

Uptrend in Inflation Continues in Bicol Region

Annual inflation rate in the Bicol Region continued its uptrend in February gaining 0.3 percentage point over the January 2013 level. The year-on-year change came in at 3.4 percent, posting a five-month high in February primarily due to the double-digit spike in the prices of so-called sin products. The latest […]

Bicol Inflation Eases in October According to NSCB-Region V

NSCB-Legazpi city.– The Bicol region’s annual inflation rate declined in October, shedding off 0.4 percentage point from 3.5 percent the previous month, according to the official National Statistics Coordination Board-Region V. Based on basic data culled from the National Statistics Office, the year-on-year change was placed at 3.1 percent. This […]

Bicol Hit By High Rate of Underemployment in July

Bicol has the highest underemployment rate among the regions in the country, according to the latest survey conducted by the National Statistics Office. About 33.5 per cent of workers or employees express the desire to have additional hours of work in their present job or to have additional job, or […]

Philippines Trade with ASEAN Countries Result in Deficit

A glimpse on how much trade and commerce is obtained by the Philippines among the member countries of the ASEAN was released recently by the national statistical coordination board (NCSB). The report highlighted the grim fact “for every 100 dolars that we (PH) export to ASEAN, we (Philippines) import back […]

Talking Heads in Government Agencies as Farmers and Their Families Suffer Hunger

The most wonderful thing about our government agencies is that they are full of talking heads. Information, misinformation, half-truths and the blatant attempt to deviate attention out of the prevailing true state of the rice supply, its availability and the predicament of farmers, also become part of the job.

Pan De Sal Continue to Shrink in Size and Increase in Price

The staple breakfast bun of Philippine pan de sal we often see on the table courtesy of our friendly baker continue its saga of evolution in price, size and weight. The bakery either diminish the size of the Filipino favorite bread, decreasing its weight, or increase its selling price, two options both of which are not favorable to the consumers at all.

On Time Harvest Saved Crops from Flood

Exactly two weeks before the rain floods of typhoon Bebeng hit the bountiful ricefields of Calabanga, in the quadrant bounded by sitios and barangays of Taculod, San Roque, San Pablo and Ratay, the farmers got busy with their hand-driven rice harvesting tool of sickle (asyab). The farm workers worked fast and quick for the scorching heat of the summer sun has a skin-burning effect.

Is PH’s Conditional Cash Transfer Program a Failure?

The Social Weather Station survey from March 4 to 7, from sample respondents of 1,200, revealed that 20.5 percent of respondents or about 4.1 million families say they went hungry at least once in the past three months.

NFA Plans to Import 860K Metric Tons of Rice this Year

In one of our trip to Legaspi city this week, we chanced upon a government building where sacks full of rotten NFA rice were filed up near its entrance. Of course, it’s of no use holding up to those physical vestiges of ineptness and error of a government agency for such a long time. Go ahead, dump the rotten grains which anyway are not consumable anymore.

Poverty Methodology Unreflective of Real Situation

The revised PH methodology pegs the official poverty threshold, or the amount supposedly necessary for a tolerable standard of living, at just PhP46 per person per day in 2009. This is lower than what would have been a national poverty line of PhP52 according to the old methodology, and effectively reduces the number of poor by 5.32 million without really improving the poverty situation.

Neglect of PH Government on OCWs Seen

After nine years of neglect under former president Gloria Macapagal-Arroyo, expectations among overseas Filipino workers were high when the Aquino administration was installed.

BPO: PH Employees Receive Low Salaries

Despite the supposed high salaries of Filipino call center agents, they could only out-earn their American counterparts by 2037, based on a Watson-Wyatt study released last year and published by the CCAP magazine “Connect”. At that time, the salary rate hikes for the “low-cost but qualified labor” of Filipinos were rising at 9-percent on average versus 3-percent in the US.

Call center employees in the PH receive low-end jobs

The news that the Philippines has overtaken India in the number of new hires in the call center industry has prompted a labor education NGO recently to warn industry stakeholders and the government against risking its workers’ welfare for the sake of such boom, or the projected boom up to 2016.

Filipinos to Shoulder P44 Billion in CCT Loan Repayment

Research group IBON calls on lawmakers deliberating on the budget for the controversial Conditional Cash Transfer (CCT) Program to look into the resulting additional debt burden that Filipinos will shoulder to repay the program’s loans.

PPP: Less Gov’t Responsibility, More Public Debt

Through PPP projects, many crucial responsibilities of the government are being transferred to profit-oriented private corporations and banks, particularly the development and operation of core infrastructure such as roads and mass transportation network, power generation, and water supply and distribution, among others.

PPP: More Public Debt, Less Gov’t Responsibility

Experiences show PPPs did not guarantee savings for the government but even bloated the public debt. And it can only get worse under the Aquino government’s new schemes for more of PPPs.

The Bicol Farmer and Double Talk on Rice

In time of domestic rice shortages, to whom the Philippine government rely more often than not. Or at least, for the immediate past year? No, not the Filipino farmer, are you kidding me!

Albay Under Threat of Electric Service Disconnection

The province of Albay and the Albay Electric Cooperative braces for a bleak week with the looming disconnect action that dangles from the National Power Grid Corporation of the Philippines. This is due to Aleco’s falure to pay the PHP982M outstanding electric bill with the Philippine Electricity Market Corporation.

The Glutenous Politics on Rice

To many who eat always with rice as part of the regular meal, the knowledge that the country is awash in supply of the commodity is one good news.

San Miguel Bay Faces Mining Activities

The current environment in the area about San Miguel bay may endure some changes in the very near future with the entry of a new player. Bogo Resources and Mining corporation (BRMC) has been granted by the mines and geosciences bureau (MGB) to explore iron-ore sand in approximately one third of the bay’s offshore area.

The Wealthiest Families in the Philippines

Mang Jaime lives at a make-shift nipa shack across our house by the creek. On farmers market days, he would get up early and harvest fresh shoots of kangkong and sell at Calabanga’s only public market. A bundle of the aquatic vegetable would earn him about five pesos (one peso is equivalent to US $0.0223 at the current exchange rate). Whatever money he gets from the sale of his bundles, he would buy bread and food for his family.

Let A Thousand Bikes Vroooom

When bank and store credit was eased even to low income singles and families, the first option was to get one motor bike for ease in mobility. A very affordable monthly, some weekly, financing plan enticed one too many in our region; an effective sales drive that spread like wildfire not only in urban centers but also in suburban areas. Add to that the prospect of more savings on daily gas expense, and there should be no second thoughts but walk into the bike store and grab one.

The Ubiquitous Ukay-ukay at the Town Market

One way we can learn about the the town is by wandering at the market. And on this our particular stroll, we came upon this makeshift-stall selling new and second hand clothes.

What's Recommended

The Wealthiest Families in the Philippines

Mang Jaime lives at a make-shift nipa shack across our house by the creek. On farmers market days, he would get up early and harvest fresh shoots of kangkong and sell at Calabanga’s only public market. A bundle of the aquatic vegetable would earn him about five pesos (one peso is equivalent to US $0.0223 at the current exchange rate). Whatever money he gets from the sale of his bundles, he would buy bread and food for his family.

*20

Philippines ranks 74th out of 128 economies in innovation

In the 2016 Global Innovation Index (GII) report, the Philippines was 74th on innovation among 128 economies surveyed. The report jointly released by World Intellectual Property Organization (WIPO), Cornell University and INSEAD ranked 128 economies in terms of their Global Innovation Index (GII) based on 82 indicators. The 9th edition […]

Peso seen to breach the 54 level to a US dollar in 2018

This should confirm the long suspected plunge of the peso vis-à-vis the US dollar. Now the peso is seen to weaken further beyond the range of 48-50 until the end of year 2017. If it does, which is srongly possible, President Rodrigo Duterte’s economc managers are missing something. Yet, it […]

Philippine Stock Exchange sees P200-B capital raising a good target

Philippine Stock Exchange (PSE) President Hans Sicat told reporters more companies engaged in real estate and consumer/retail sectors are expected to launch their initial public offering (IPO) on the local bourse next year. Eight to 10 companies are expected to debut in the local equities stock market in 2016, as […]

Wonder how much OFW remittance adds up to and where they come from?

Wondered how much Overseas Filipino Workers Remittance adds up to and where they come from? Here’s a dated infograhic presentation showing an increase of OFW remittance beginning 2013 sourced from data provided by the Bangko Sentral ng Pilipinas. Philippine-based banks and financial remittance companies processed about $26.2 billion or P1.20 […]

Uptrend in Inflation Continues in Bicol Region

Annual inflation rate in the Bicol Region continued its uptrend in February gaining 0.3 percentage point over the January 2013 level. The year-on-year change came in at 3.4 percent, posting a five-month high in February primarily due to the double-digit spike in the prices of so-called sin products. The latest […]

Bicolanos are too poor to open a savings account – Survey

Many Bicolanos are either living dirt poor, pay check to pay check, do not have money left to put up a bank account, or do not have confidence in the Philippine banking system. Either one of the above could be true. Take a look at the recent finding based on […]

BSP wants you to know the Philippine bank notes are hard to counterfeit

Bangko Sentral ng Pilipinas wants you to know that it would be very difficult to produce a counterfeit of the new generation Philippine bank notes now in circulation. With the very stringent process, the bank note paper used made up of cotton with Philippine abaca, and all other security features […]

Why Fuentebella’s Partido Development Administration got the axe

Why Fuentebella’s Partido Development Administration got the axe. The administration is cleaning up the mess of the past. Or, so it seems. Recently, Malacañang abolished a Bicol-based Government Owned or Controlled Corporation (GOCC) created during the administration of former president Fidel V. Ramos. The Partido Development Administration (PDA) was snapped […]

Filipinos to Shoulder P44 Billion in CCT Loan Repayment

Research group IBON calls on lawmakers deliberating on the budget for the controversial Conditional Cash Transfer (CCT) Program to look into the resulting additional debt burden that Filipinos will shoulder to repay the program’s loans.

What's Throwback

Philippines ranks 74th out of 128 economies in innovation

In the 2016 Global Innovation Index (GII) report, the Philippines was 74th on innovation among 128 economies surveyed. The report jointly released by World Intellectual Property Organization (WIPO), Cornell University and INSEAD ranked 128 economies in terms of their Global Innovation Index (GII) based on 82 indicators. The 9th edition […]

*20

Peso seen to breach the 54 level to a US dollar in 2018

This should confirm the long suspected plunge of the peso vis-à-vis the US dollar. Now the peso is seen to weaken further beyond the range of 48-50 until the end of year 2017. If it does, which is srongly possible, President Rodrigo Duterte’s economc managers are missing something. Yet, it […]

BSP wants you to know the Philippine bank notes are hard to counterfeit

Bangko Sentral ng Pilipinas wants you to know that it would be very difficult to produce a counterfeit of the new generation Philippine bank notes now in circulation. With the very stringent process, the bank note paper used made up of cotton with Philippine abaca, and all other security features […]

Wonder how much OFW remittance adds up to and where they come from?

Wondered how much Overseas Filipino Workers Remittance adds up to and where they come from? Here’s a dated infograhic presentation showing an increase of OFW remittance beginning 2013 sourced from data provided by the Bangko Sentral ng Pilipinas. Philippine-based banks and financial remittance companies processed about $26.2 billion or P1.20 […]

Why Fuentebella’s Partido Development Administration got the axe

Why Fuentebella’s Partido Development Administration got the axe. The administration is cleaning up the mess of the past. Or, so it seems. Recently, Malacañang abolished a Bicol-based Government Owned or Controlled Corporation (GOCC) created during the administration of former president Fidel V. Ramos. The Partido Development Administration (PDA) was snapped […]

Bicolanos are too poor to open a savings account – Survey

Many Bicolanos are either living dirt poor, pay check to pay check, do not have money left to put up a bank account, or do not have confidence in the Philippine banking system. Either one of the above could be true. Take a look at the recent finding based on […]

Filipinos to Shoulder P44 Billion in CCT Loan Repayment

Research group IBON calls on lawmakers deliberating on the budget for the controversial Conditional Cash Transfer (CCT) Program to look into the resulting additional debt burden that Filipinos will shoulder to repay the program’s loans.

Philippine Stock Exchange sees P200-B capital raising a good target

Philippine Stock Exchange (PSE) President Hans Sicat told reporters more companies engaged in real estate and consumer/retail sectors are expected to launch their initial public offering (IPO) on the local bourse next year. Eight to 10 companies are expected to debut in the local equities stock market in 2016, as […]