Export earnings in January 2009 dropped by 41 percent to $2.494 billion from $4.231 billion in January 2008, the National Statistics Office (NSO) said in its latest survey.

The National Economic and Development Authority (NEDA) said today that the Development Budget and Coordination Committee (DBCC) has reduced its exports growth assumptions to -8.0 to -6.0 percent for 2009, lower than the 1.0 to 3.0 percent set in November last year.

MANILA (AFP) – Philippine Airlines (PAL) yesterday said it is increasing flights to Canada, the United States, and on key domestic routes despite a global crisis that is expected to dampen tourist traffic worldwide.

Despite the financial crisis that hit the global economy in 2008, AXA Philippines, one of the largest life insurance companies in the country, was able to hit over P1 billion in new business sales, proof of the resilience of the company and the continued trust of its customers.