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FINANCE
Secretary Margarito Teves (right) cites highlights of
the report on the fiscal deficit, revenue performance
and expenditures at a briefing at Land Bank of the
Philippines in Manila. He was joined by Budget Secretary
Rolando Andaya.
--ROY DOMINGO |
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TOP STORIES |
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Jan.- July deficit lower at
P33.4B |
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THE national
government incurred a lower budget deficit in July despite a
slight decline in total revenues, even as economic managers
hinted of higher deficits in the coming months, with more
expenditures needed to prime the economy. |
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Mindanao business tries to stay
afloat amid battles |
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DAVAO
CITY—The Mindanao Business Council (MinBC) said the impact
on business of the recent sporadic armed skirmishes in the
Lanao and Sarangani provinces could not be immediately
quantified but believes that it could be minimal,
“especially if government could continue showing that it
could respond appropriately and within the limits of law and
order.” |
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PCCI says MOA hurts peace,
stability |
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FILIPINO
businessmen believe the memorandum of agreement (MOA) on
ancestral domain is not the answer to peace and progress in
Mindanao, and indirectly the entire country, and hope the
Supreme Court will trash it. |
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Expanded Ledac meets on Mindanao situation |
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THE rash of
violence perpetrated by alleged factions of the Moro Islamic
Liberation Front (MILF) in parts of Mindanao has prompted
President Arroyo to convene an expanded
Legislative-Executive Development Advisory Council (Ledac)
on Friday to focus on the Mindanao situation and the peace
process. |
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Junk suits vs MOA, SC asked |
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THE Office
of the Solicitor General (OSG) has asked the Supreme Court
to dismiss the petitions filed before it seeking to enjoin
the government peace panel from signing the memorandum of
agreement on ancestral domain (MOA-AD) with the Moro Islamic
Liberation Front (MILF). |
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China sees more jobs after
Olympics |
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BEIJING—Chinese officials expect an employment boom after
the Olympics primarily because of the sports infrastructure
and other structures they have built for the Games’ 29th
edition. |
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Privatization goal of P30B
uncertain; Petron on track |
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THE
government said it is on track in the disposal of its
remaining stake in oil refiner Petron Corp. by the end of
the year, but it is still unsure whether it can sell its
stake in other entities up for privatization this year.
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Typhoon Karen seen to spawn
rains till Friday |
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THE weather
in Metro Manila is expected to be rainy, at least until
Friday, due to Typhoon Karen that is threatening Northern
Luzon, which is now about 450 kilometers east southeast of
Tuguegarao City moving west at 22 kilometers per hour (kph). |
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DBP offers P7.65B in notes |
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THE
Development Bank of the Philippines (DBP) has started
offering up to P7.65 billion worth of unsecured subordinated
notes to strengthen its capital base and boost its lending
program. |
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Export permits for minerals soon required |
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THE
Department of Environment and Natural Resources (DENR) will
soon issue a mineral exports permit (MEP) to ensure that the
state gets its rightful share from the development of the
country’s mineral resources. |
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Public, private agencies unite vs trafficking |
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WHAT had
begun as a lonely fight is now a war on human trafficking
with a host of allied groups that includes government
agencies, civil-society groups, foreign countries and
multinational companies, whose representatives signed a
covenant in Manila on Tuesday. |
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SC
fines Roxas for causing ‘undue delay’ |
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COURT of
Appeals Justice Vicente Roxas, the ponente of the
controversial July 23 Meralco decision, has been found by
the Supreme Court (SC) guilty of undue delay in resolving
two motions for reconsideration filed by a lawyer
representing the retired employees of the National Power
Corp. (Napocor) in a civil case against the Napocor. |
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Keepers of
the Book.
Indian holy men present a captivating sight at the
airport as they carry their “Universal Book” on their
heads as they arrive from New Delhi. Gurdial Singh, the
group leader, said the book must not be carried like any
piece of luggage and must be placed on top of their
heads to show that it is the highest form of written
material of their Sikh religion. The men walk barefoot
and wear their hair long as part of their religious
practice. --RECTO
MERCENE |
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