With prices starting as low as $30,000, the Philippines property market is very attractive to both OFW's and foreign retirees
Overseas Filipinos, retirees remain top buyers in RP residential market - low prices are the big draw
MANILA, July 23
A top official of an international real estate services company said on Wednesday Filipinos overseas workers and foreign retirees remain the most active buyers of residential properties in the Philippines thus boosting market demand. [FULL STORY]
The Supreme Court has brought PAL down to earth with a heavy landing over a massive compensation bill for unfair sackings
SC finds PAL guilty of illegal dismissal; orders reinstatement, compensation of 1,400 cabin crews
Lucio Tan's airline could be hit hard with the compensation bill of 10 years's back wages for 1,400
MANILA, July 22 (a)
The Supreme Court (SC), in a 32-page decision found Philippine Airlines (PAL) guilty of illegal dismissal and ordered the flag carrier to reinstate and pay compensation to the 1,400 cabin crew who were dismissed as a cost-saving measure during the height of the Asian financial crisis of 1998. [FULL STORY]
BSP gives G7 Bank due process despite reports of bankrupcy
MANILA, July 22
The Bangko Sentral ng Pilipinas (BSP) is giving Bicol-based G7 Bank due process by not immediately closing it in accordance with the New Central Bank Act.
BSP Governor Amando Tetangco told reporters Tuesday that they cannot immediately order the bank's closure because there are rules to be followed, which he stressed covers all banks in the country. [FULL STORY]
President Arroyo presides over the groundbreaking ceremony for the proposed Cotabato Regional and Medical Center. With the President (from left) are: DOH Sec. Francisco Duque, Rep. Didagen Dilangalen, DAR Sec. Nasser Pangandaman and Sen. Miguel Zubiri. (Louie Iglesias-OPS/NIB Photo)
GMA leads groundbreaking of P28-M CRMC Cancer Care Center
COTABATO CITY, July 22
President Arroyo led today the groundbreaking rites for the P28-million Phase 1 of the Cancer Care Center (CCC) of the Cotabato Regional and Medical Center (CRMC). [FULL STORY]
We are not against the solons but against the bill - Archbishop Aniceto
MANILA, July 22
Pampanga Archbishop Paciano Aniceto clarified on Tuesday that they are not against the people, particularly the lawmakers, behind the reproductive health measure but against the bill itself. “We are not condemning anybody here, but we are against the bill and not against a lawmaker, or any person as a human person. We are all brothers and sisters,” said the head of the Episcopal Commission on Family and Life of the Catholic Bishops’ Conference of the Philippines (ECFL-CBCP). [FULL STORY]
Red Bull’s Ybanez suspended for hitting Ginebra’s Artadi
By Jelly F. Musico
MANILA, July 22
The Philippine Basketball Association (PBA) Commissioner’s Office slapped Red Bull guard Warren Ybanez with one-game suspension and P20,000 fine for hitting Ginebra’s Paul Artadi during last Sunday’s Game One of their 2008 Fiesta Conference semifinal at the Cuneta Astrodome. [FULL STORY]
House spurns Pamatong twice on attempt to impeach PGMA
MANILA, July 23
The House of Representatives rejected for the second time on Tuesday, an attempt to file a new impeachment case against President Gloria Macapagal - Arroyo. [FULL STORY]
Fannie, Freddie rescue plan to cost 25 billion dollars
WASHINGTON, July 23
U.S. Treasury Department's rescue plan for troubled mortgage giants Fannie Mae and Freddie Mac could cost taxpayers 25 billion dollars, the Congressional Budget Office said Tuesday. [FULL STORY]
