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Filipino sailors' remittances up $366-M in 2009

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MANILA -- Filipino sailors aboard foreign ocean-going vessels wired home a total of $3.4 billion in 2009, up $366 million or 12.06 percent from $3.034 billion in 2008, the Trade Union Congress of the Philippines (TUCP) reported over the weekend.

TUCP secretary-general and former Senator Ernesto Herrera said Filipino sailors based in Europe remitted $1.156 billion last year, up $509.594 million or 78.82 percent from $646.406 million in 2008.

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RP is recognized best economy in Asia

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MANILA (March 27) -- Press Secretary Cerge Remonde said this morning that the Philippines is now being recognized as one of the best performing economies of Asia because of President Arroyo’s economic and fiscal policies.

In an interview with Radyo ng Bayan, Remonde cited Business World’s report showing that “the peso has outperformed most emerging market currency so far this year and is likely to prove a strong value in 2009 as the Philippine economy is least vulnerable to the factors of hammering markets elsewhere.”

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BOC posts back-to-back record revenue collection

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MANILA --  For the second time this year, the Bureau of Customs (BOC) recorded positive collection following a surplus on their collection in January.

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Darling calls for pay restraint

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Darling calls for pay restraint Chancellor Alistair Darling says pay rises for people "from the boardroom to the shopfloor" need to be "consistent" with the 2% inflation target.

He told BBC One's Andrew Marr show the need to keep inflation under control "applies to each and every one of us".

He said above-inflation pay increases would be "extremely damaging".

Mr Darling said the UK economy was "far better equipped" than in the 1970s, 1980s and 1990s...

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Labor bucks GMA veto of OFW remittance tax abolition

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MANILA --  The Trade Union Congress of the Philippines (TUCP) has assailed the Department of Finance (DOF) for asking President Macapagal-Arroyo to veto a provision in the proposed new Migrant Workers Act that exempts the money wired home by overseas Filipino laborers from the documentary stamp tax (DST).

"Malacañang should reject outright the DOF's foolish and contemptible request," said TUCP secretary-general and former Senator Ernesto Herrera.

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IMF official: world economy to shrink "below zero"

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DAR ES SALAAM – At the opening of two-day conference in the Tanzanian capital of Dar es Salaam, International Monetary Fund Managing Director Dominque-Strauss-Kahn told finance minister and central bank governors from across Africa that world economic growth could plunge “below zero” in 2009, according to agencies’ reports.

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APEC to hold Ministerial Meeting on Food Security

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Hiroshima, JAPAN – While indicators suggest that the Asia-Pacific is recovering from the recent economic crisis, APEC is keeping an eye on food security.

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TUCP backs ILO probe of RP labor rights violations

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MANILA (Sept. 21) -- The Trade Union Congress of the Philippines (TUCP) is getting behind the high-level mission sent by the International Labor Organization (ILO) to Manila investigate widespread complaints of violations of the rights of Filipino workers to freely organize themselves.

"We are absolutely supportive of the mission," said TUCP secretary-general and former Senator Ernesto Herrera.

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IRS Alerts Public to New Identity Theft Scams

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MOUNTAINSIDE NJ (Aug. 4)  —The Internal Revenue Service reminds consumers to avoid identity theft scams that use the IRS name, logo or Web site in an attempt to convince taxpayers that the scam is a genuine communication from the IRS. Scammers may use other federal agency names, such as the U.S. Department of the Treasury.

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