Pioneer to restore IRRI hybrid rice research tie-up Du Pont’s Pioneer Hi-Bred will restore its research efforts on hybrid rice in a partnership with the International Rice Research Institute (IRRI) under the Scientific Know-how and Exchange Program (SKEP).
PEMC seeks to lift Visayas power supply The Philippine Electricity Market Corporation (PEMC) is seeking regulatory approval for the pricing methodology, cost recovery mechanisms and transaction fees to be imposed in securing additional supply that shall ease rolling blackouts in energy-starved areas in the Visayas grid.
IMF calls for more stimulus measures WASHINGTON, March 8, 2009 (AFP) - The International Monetary Fund called Friday for governments to take further stimulus measures to counter a severe global economic slump it sees extending into 2010.
NG cuts 2009 primary surplus forecast The National Government has reduced its primary surplus projection for this year to P138.6 billion or 1.7 percent of gross domestic product (GDP) from P170.1 billion or two percent of GDP.
Auto assemblers, part makers get relief The Board of Investments mulls the deferment on the compliance of requirements and conditions imposed to participants of the Motor Vehicle Development Program (MVDP) and the Automotive Export Program (AEP) to provide relief to the domestic industry and encourage possible new investments in light of the global financial crisis.
Business and Society Millions of workers will lose their jobs all over the world as a result of the ongoing economic crisis. Unemployment rates in the industrialized nations are reaching all-time highs of anywhere from 8 to 12 percent of the labor force. In developing countries like the Philippines, the more relevant statistic is the underemployment rate which can be as high as 25 to 30 percent. So that leaders in all the three sectors of society--the State, business and civil society--try their very best to reduce as quickly as possible the unemployment and underemployment rates, now would be an opportune time as any to reflect on the fundamental human right to work.
P/$ rate stands at P48.50/$ 1 The peso exchange rate closed at P48.50 to the US dollar last Friday at the Philippine Dealing & Exchange Corp. (PDEx). The weighted average rate stands at P48.676.
