News & Current Events

Philippines' inflation rate hits 11.4% — highest in 14 years!


Here’s one sad, bad news for all of us: theĀ Philippines’ inflation rate in June 2008 jumped to 11.4% — the highest ever recorded in the last 14 years.
The figure was beyond the Bangko Sentral ng Pilipinas (Central Bank of the Philippines)’s forecast range of 10.4% to 11.2%.
It was the fastest pace in 14 years since May 1994 when inflation was recorded at 11.5%.

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Job layoffs here, there and everywhere

Also read: 126,000 more workers worldwide to lose jobs and Job losses in the Philippines
If you’re still wondering about the impact of the US subprime mortgage problem, just read the business news and you’ll see who the casualties are: the employed — or more appropriately, the ex-employed.
According to the latest news, the financial sector has announced — from January to May 2008 alone — that more than 66,000 people will be fired in the US and in other countries.

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Manila, Philippines slips in 'Quality of Life' survey

Those complaining that the quality of living in the Philippines is worse compared to other countries may be right.
In the 2008 Quality of Living Survey conducted by Mercer Consulting, Manila ranks 131st out of 215 countriesĀ assessed based on quality of living and personal safety. The country slipped eight places from 123rd last year.

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SM Advantage Card auto-debits points for Philam insurance

The SM Advantage Card program is playing tricks on us — and it’s not at all amusing.
Last week, we wrote that SM Advantage Card (SMAC) is automatically enrolling members into the Philam Personal Accident Insurance Program by automatically debiting 20 points from one’s account. Offering insurance would have been a real benefit, except that members were not previously made aware of this and the notice on the latest policy was given only three months before it lapses.

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Police photos of RCBC robbery (Warning! Not for weak of heart)

Apparently, police photos of the horrendous bank heist that left 10 people dead in Cabuyao, Laguna on May 16 are now circulating on the internet.

A reader pointed us to a site where shocking pictures of the aftermath of the Rizal Commercial Banking Corp. (RCBC) robbery are uploaded.

Be warned!

Stop reading now if you don’t want to view the images. These are sensitive photos which may not be suitable to children or the weak of heart.

Apparently, police photos of the horrendous bank heist that left 10 people dead in Cabuyao, Laguna on May 16 are now circulating on the internet.
A reader pointed us to a site where shocking pictures of the aftermath of the Rizal Commercial Banking Corp. (RCBC) robbery are uploaded.
Be warned!
Stop reading now if you don’t want to view the images. These are sensitive photos which may not be suitable to children or the weak of heart.

Apparently, police photos of the horrendous bank heist that left 10 people dead in Cabuyao, Laguna on May 16 are now circulating on the internet.

A reader pointed us to a site where shocking pictures of the aftermath of the Rizal Commercial Banking Corp. (RCBC) robbery are uploaded.

Be warned!

Stop reading now if you don’t want to view the images. These are sensitive photos which may not be suitable to children or the weak of heart.

Apparently, police photos of the horrendous bank heist that left 10 people dead in Cabuyao, Laguna on May 16 are now circulating on the internet.

A reader pointed us to a site where shocking pictures of the aftermath of the Rizal Commercial Banking Corp. (RCBC) robbery are uploaded.

Be warned!

Stop reading now if you don’t want to view the images. These are sensitive photos which may not be suitable to children or the weak of heart.

Apparently, police photos of the horrendous bank heist that left 10 people dead in Cabuyao, Laguna on May 16 are now circulating on the internet.

A reader pointed us to a site where shocking pictures of the aftermath of the Rizal Commercial Banking Corp. (RCBC) robbery are uploaded.

Be warned!

Stop reading now if you don’t want to view the images. These are sensitive photos which may not be suitable to children or the weak of heart.

Read More