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MAKATI
City’s De la Rosa Street may lack the romance of Venice,
but these two women still manage to smile while being
ferried on a makeshift boat. The tail end of Typhoon
Marce dumped relentless, heavy rains on Wednesday,
rendering many roads in Metro Manila impassable until
afternoon.
--NONIE REYES |
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TOP STORIES |
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Revenue search shifts to SEZs |
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LAWMAKERS
are seeking a thorough review of the performance of free
ports and special economic zones (SEZs) in the country after
data showed that revenue collection in some of these areas
are about seven times smaller than the forgone revenues,
while importations are more than twice their export
earnings. |
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‘Marce’ MAKES GRAND EXIT, DUMPs
LOTS OF RAIN ON LUZON |
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HEAVY rains
spawned by Typhoon Marce just before noon on Wednesday
inundated several major thoroughfares in Metro Manila,
forcing several offices to close early and stranding
commuters and motorists. |
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For 3rd time, part of Terminal
3 ceiling falls |
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FOR the
third time in two years, the ceiling of the Ninoy Aquino
International Airport Terminal 3 (Naia 3) came tumbling down
at 1:15 a.m. on Wednesday, sending pieces of gypsum board
and metal parts to the floor of the arrival carousel area. |
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Sc:
gsis, sec petitions not yet ripe for resolution |
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THE Supreme
Court (SC) is ready to give priority to the hearing and
resolution of the separate petitions filed by the Government
Service Insurance System (GSIS) and Securities and Exchange
Commission (SEC) assailing the validity of the controversial
July 23 Meralco decision in light of the dismissal of
Associate Justice Vicente Roxas, who authored the ruling.
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RP lags even more as good place
for business |
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DOING
business remains costly and lengthy in the Philippines for
small and medium-scale entrepreneurs, a report by the World
Bank (WB) subsidiary International Finance Corp. (IFC)
showed. |
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SSS not buying more Meralco
shares |
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DOUSING
speculations that the state pension funds are being used by
the Arroyo administration to gain dominance in the Manila
Electric Co. (Meralco), newly installed Social Security
System (SSS) president and chief executive Romulo Neri said
his standing marching order is to diversify the fund’s
investment portfolio. |
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Export growth slows as US sales
decline |
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PHILIPPINE
export growth slowed more than economists expected in July
on a decline in sales of the nation’s disk drives and
mobile-phone chips to the US. |
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RP’s low defense spending rued
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HAVING the
lowest defense spending based on its gross domestic product
(GDP), the Armed Forces of the Philippines still lags behind
its Asean neighbors in terms of military equipment,
particularly aircraft and battleships, Defense Secretary
Gilbert Teodoro told legislators Tuesday night. |
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More local bizmen eye ‘corp
farming’ |
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LOCAL
businessmen belonging to the Philippine Chamber of Commerce
Inc. (PCCI) are planning to go into corporate farming
introduced by the Department of Agriculture (DA) as a means
to ensure food self-sufficiency.
Ambassador
Donald Dee, chairman emeritus of the PCCI, disclosed that
some of their members are now linking up with foreign
investors. |
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UN:
Don’t use children in war |
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A HIGH
official of the United Nations has raised concern on the
changing nature of conflict worldwide, where children are
being used as child suicide bombers and commonly become
victims of aerial bombardments. |
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Monsod: Underfunded S&T is key to devt |
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A
MUCH-PUBLICIZED phrase among economists is the so-called
knowledge-based economy, a broader definition of economic
growth where knowledge and technology are recognized as
drivers of productivity, which many experts theorize is
where progressive economies are all headed today. |
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AIRPORT
general manager Alfonso Cusi points to the extent of the
damage to the ceiling that got detached and fell on the
carousel area of Naia’s Terminal 3. -- RECTO
MERCENE |
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