Category: Economy & Business

By RONALYN V. OLEA
While the right of indigenous peoples to their ancestral land is recognized by international agreements and conventions, indigenous peoples in the Philippines are relentlessly being driven away by mining, tourism and other so-called development projects. In Zambales alone, more than 70 mining firms are now operating, with some preventing the Aetas from entering what used to be their land.

By ARNOLD PADILLA
No matter how oil firms deny the allegations that they are overcharging the consumers, the widespread public perception that oil companies are abusive and profit-hungry will remain. This will be the case as long as the oil industry is deregulated and oil companies are allowed to automatically increase their prices and at the same time not compelled to publicly divulge how they compute their price adjustments.

MANILA — Apart from the threat of massive retrenchment, global pharmaceutical giant Pfizer’s buyout of rival Wyeth would also result in higher drug prices as the giant firm would further control the drug industry. This was the contention of Wyeth workers and the Kilusang Mayo Uno (KMU), who recently held their seventh picket-protest at Wyeth’s…

By MARYA SALAMAT
The massive layoffs in the Philippines brought about by the global financial crisis and the increasing appetite of companies for more profit have exposed yet again the Arroyo regime’s sympathy not for workers but for capitalists. And instead of ensuring that workers’ rights are protected, the Department of Labor and Employment has become an even more willing tool by companies to satisfy their greed.