Inflation rate in the Philippines has been in its highest level this year as compared to last year.
Economic Issues
Shares Reacted Higher After President Obama’s Announcement On Osama Bin Laden’s Death
Stock markets reacted higher in New York’s Monday trading when US President Barack Obama announced that Osama Bin Laden is dead.
Escalating Food & Fuel Prices To Hinder Asian Economic Growth.
Rising prices of food commodities and petrol prices are risking to hinder economic growth in Asia, according to the report by the Asian Development Bank (ADB).
The U.S. Planning To Utilize Emergency Oil Reserves
With the rising petrol prices, the US government is planning to utilize its its emergency oil reserves to protect the growth of the American economy.
Creating A Government Agency For OFW Is A Welcome Development
The move to create a government agency to exclusively cater for the needs of Overseas Filipino Workers (OFW) is a welcome development.
Is The Food Crisis Of 2008 To Surface Again This Year?
In October of last year, the World Bank reactivated an emergency fund that the development organization had launched in response to the 2008 food crisis.
Displaced People In Baghdad Earn Their Living Through Scavenging
Around half million residents live in a vast slum named Naser City, one among the dozens squatter settlements that sprung up around Baghdad since the American invasion of 2003.
Japan Is Not Keen On Accepting Immigrants
In Japan more than one in three Japanese will be over 65 years old by year 2055, as the working age population falls by over a third to 52 million.
Many Spaniards Face Foreclosure Proceedings
Spain now ranks the highest unemployment rate in Europe while the real estate prices decreasing. Many Spaniards could no longer able to pay their mortgages and foreclosure proceedings are catching up with them.
Gold, A Good Refuge For A Weakening Dollar
Gold has become a reference for policy makers and investors alike. Recently, World Bank president Robert B. Zoellick, has surprised economic experts when he suggested that the price of gold should be considered as a financial yardstick.