September 2008

Unemployment rate rising

The shortage of skilled workers is over but unemployment rate is rising. An article of the NZ herald says it all Recruitment companies say the much-touted skills shortage is over, but this is not good…


New Zealand Recession Confirmed

Weaker Kiwi dollar, higher unemployment, decline in construction activities, unsold properties and lower GDP summed up together are signs the New Zealand is now in recession. Another sign is the exodus of people to other…


Corruption : A major problem in the Philippines

Transparency International (TI), a global civil society organisation leading the fight against corruption, has recently released a Corruption Perception Index (CPI) for 2008. The annual Corruption Perceptions Index (CPI), first released in 1995, is the…


Philippine Peso weakest in 16 months

As the saying goes, if the United States sneezes, the world catches the cold. The collpse of one of Wall Street’s oldest investment banks have affected the world economy particularly the Philippines. The impact will…


NZ dollar rises against the US dollar

Sept 15 (Reuters) – The New Zealand dollar posted strong gains on Monday, boosted by a fall in the U.S. currency on heightened concerns over U.S. financial sector. The kiwi rose about one U.S. cent…