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‘Lucky 8’
A gymnast
strikes a dramatic pose in front of the Beijing 2008
Olympics logo, on the eve of what has been billed the
biggest and costliest Games ever.
--AP |
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TOP STORIES |
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Government spending to boost
GDP |
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AMID high
oil and food prices, government spending will be able to
boost the country’s gross domestic product (GDP) and control
inflation this year until 2009.
Presidential
economic adviser and Albay Gov. Jose Salceda said GDP will
likely grow 5.4 percent to 5.5 percent in 2008, and 5.6
percent to 5.8 percent in 2009. The government, however, has
a higher projection: 5.7 percent to 6.5 percent this year,
and 6.2 percent to 7.0 percent in 2009. |
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MILF given 24 hours to leave
occupied villages |
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THE
government on Thursday gave the Moro Islamic Liberation
Front (MILF) 24 hours to leave the areas in North Cotabato
that it has occupied since late last month, when the rebel
group allegedly attacked civilian communities, or else run
the risk of facing the full might of the government. |
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Deep-rooted land disputes
sparked raids |
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DAVAO CITY—Decades-old conflict over land ownership among
different powerful Moro clans in the western part of North
Cotabato triggered the attacks by the Moro Islamic
Liberation Front (MILF) on militia outposts in the towns of
Aleosan and Midsayap, the Armed Forces said. |
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Gasoline price rolled back by P1, diesel by P0.50 |
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LOCAL oil
companies announced Thursday that they have reduced the
price of gasoline by P1 a liter and of diesel and kerosene
by P0.50 a liter in a bid to reflect the continuous
downtrend in world oil prices.
Independent
petroleum companies Eastern Petroleum Corp., Seaoil
Philippines Inc. and Unioil initiated the price cut on their
respective gasoline products on Thursday noon, and their
respective price cut on diesel and kerosene on Friday
morning. |
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DOE orders Pilipinas Shell to
submit IPO plans |
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THE
Department of Energy (DOE) said on Thursday it has requested
Pilipinas Shell Petroleum Corp. (PSPC) to submit its initial
public offering (IPO) plans as mandated by the Downstream
Oil Industry Deregulation Act of 1998. |
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‘Jpepa rules must hew to WTO’ |
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A SENIOR
official of the Department of Foreign Affairs said the
government should establish clear-cut trade rules in the
current negotiations for the amendment of the proposed
Japan-Philippines Economic Partnership Agreement (Jpepa)
that are in line with the principles of the World Trade
Organization (WTO). |
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Palace urges public to be more
thrifty, save more |
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Amid reports
of high inflation until October and survey results showing
more Filipinos cutting on food and other expenses,
Malacaņang on Thursday urged the people to tighten their
belts some more by saving money and being more thrifty. |
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HK government won’t budge on
levy issue |
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HONG KONG—A
meeting between Hong Kong’s labor department and migrants’
organizations failed to yield an agreement as the government
refused to allow a blanket exemption concerning taxes on
employers of foreign domestic helpers (FDHs). |
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Senate panel taps TWG to firm
up RP claim over Spratlys, Scarborough |
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THE Senate
foreign relations committee tapped a technical working group
(TWG) to help firm up the government’s claim over the
disputed Spratly Islands chain and Scarborough Shoal in the
South China Sea. |
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FEU
partners with Canadian firm to hike enrollment |
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PUBLICLY
listed firm Far Eastern University Inc. (FEU) has partnered
with Vancouver, Canada-based CIBT Education Group Inc. to
boost enrollment in its health- care curriculum. |
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Turnover of
the CODIS Articles
Fr. Mar Arenas (left),
chairman of the Parish of the Holy Cross Credit
Cooperative, turns over to Lecira Juarez, chairman of
the Cooperative Development Authority, the CODIS
(Cooperative Deposit Insurance System) Articles of
Cooperation and Bylaws at the launching of CODIS
Federation of Cooperatives and National Cooperative
Mutual Fund of the Philippines held at Club Filipino in
San Juan. Witnessing are Senen Bacani, chairman of the
National Cooperative Movement; Butz Aquino, chairman
emeritus of the National Cooperative Movements; and
Vitaliano Naņagas of CODIS.
--NONOY LACZA |
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