business formation News Archive - 25-Oct-2008

Headline: P100-B fund to shield economy (BusinessWorld Online)
PRESIDENT GLORIA MACAPAGAL-ARROYO yesterday announced plans to establish a P100-Billion fund -- to be part of a series of government contingency measures -- that would help insulate the economy from a global slowdown.

Winsper Is Hired By Jet Direct Aviation, Inc. (PRWeb via Yahoo! News)
Agency to re-launch company at the NBAA Annual Convention

Fund Sets Aside For Unemployed Filipinos From Overseas (Bernama)
MANILA, Oct 23 (Bernama) -- The Philippine government has allocated 250 million pesos (US$5.14 million) for to assist overseas Filipino workers who are likely to be displaced by the global economic crunch, reports said on Thursday.

Thousands facing layoffs (Manila Standard Today)
Beijing?Thousands of migrant workers face retrenchment worldwide amid the looming recession in the United States and Europe, and their home countries may not have the resources to take them back, the Asian Development Bank Institute warned here Wednesday.

GMA assures labor P250M ready for livelihood support (Yehey!)
President Arroyo assured overseas Filipino workers (OFWs) and their families, as well as the general public, on Wednesday that a P250-million fund had been reserved as an Expatriate Livelihood Support Fund for displaced OFWs in addition to other measures to help them upon return should they lose their jobs.

 

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