The yellow line. Cebu Pacific’s Airbus and ATR aircraft are now deployed at Naia Terminal 3 for operations, after the airline declared it had recovered from the glitches, including problems with bad weather, that dampened operations at the new terminal on Monday. --RECTO MERCENE

Poll: Most Pinoys cut spending

TWO in three Filipino households have tightened their belts to cope with double-digit inflation, the latest Pulse Asia survey showed, and these include those who are not poor.

Neda urges oil firms to delay collection of underrecoveries

THE National Economic and Development Authority (Neda) is urging oil companies to delay their collection of lost revenues due to the sharp increases in oil prices so they can help consumers, particularly the transport sector, cope with high inflation.

Nasecore offers inputs to COA probers of oil companies’ books

IN the face of a looming government audit, oil companies on Wednesday reiterated their support for the financial examination of their books.

Yano rebuffs Esperon on MILF

THE reported statement of presidential adviser on the peace process Hermogenes Esperon Jr. that the military will let the residents of North Cotabato defend themselves if attacked by the Moro Islamic Liberation Front (MILF) did not sit well with the Armed Forces, which issued a statement virtually rebuffing its former chief of staff.

Palace: Ancestral-domain pact not yet a done deal

Malacañang said on Wednesday that the memorandum of agreement (MOA) on ancestral domain between the government and the Moro Islamic Liberation Front (MILF) is not yet a done deal as it will only be finalized once the two parties sign a comprehensive peace agreement.

DTI directs flour millers: Justify new round of hikes

The Department of Trade and Industry (DTI), acting on the complaint of different bakery groups, has directed local flour millers to justify the new round of increases they are set to implement starting this week.

Not so fast, Miriam told on Jpepa vote

SENATORS who signed the committee report endorsing the Japan-Philippines Economic Partnership Agreement (Jpepa) for plenary consideration could still opt to reject ratification of the controversial trade accord. The caveat is that constitutional issues have not been resolved by the time the Jpepa is submitted to a floor vote in September.

FM victims face major setback in US

THE 9,539 victims of martial law who won a $2.35-billion judgment in a Honolulu court in 1995 may end up unable to get indemnification from the late dictator’s family, after the US 9th Circuit Court of Appeals ruled that the decision has lapsed for failure to enforce the decision within 10 years.

Government reaping P5.8 billion bonus from telco dividends–solon

THE national government is reaping a P5.8-billion windfall from the extra tax on cash dividends that three of the country’s biggest telecommunications service providers are paying their shareholders this year, the chairman of the House Committee on Information and Communications Technology disclosed on Wednesday.

Globe sees low growth despite lure of new gigs

GLOBE Telecom expects full-year growth at low single-digit rate despite being bullish in the new products and services such as iPhone 3G (third generation) and WiMax (Worldwide Interoperability for Microwave Access) that it will offer to its subscribers, aimed to drive growth and create momentum.

More flights seen between Iran and RP

THE Philippines sealed early this week an air pact with Iran, its sixth successful air services agreement (ASA) since the start of the year.

Naia 3 operations ‘now normal’

AFTER “birth pains” from transferring to the still- unfinished Ninoy Aquino International Airport Terminal 3 (Naia 3), low-cost carrier Cebu Pacific (CEB) announced on Wednesday it has returned to normal operations.

Impassable. Incessant rains in Baguio and Benguet for more than a week now caused this section of Marcos Highway along Taloy Sur to finally give way. Residents said this particular section had slowly started to cave in the past months, but finally came crashing on Wednesday. Because of the huge section affected, the Department of Public Works and Highways had no choice but to close Marcos Highway to traffic until further notice. --MAURICIO VICTA