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CRISPIN
BELTRAN, a pillar of the militant labor movement who
survived persecution during martial rule, the crackdown on
Left-leaning activists after Edsa 1 and imprisonment under
the current administration, died Tuesday in a most ironic
tragedy: He was doing the most mundane of chores, fixing
the roof of his Quezon City house, when he fell. |
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TOP STORIES |
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Congress targets tax on power |
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THE frenzy
to determine—and curb—the extent to which value-added taxes
(VAT) have been imposed on the power sector has seized both
houses of Congress.
Four
party-list representatives filed a bill seeking to lift the
VAT on electricity—Reps. Teodoro Casiño and Satur Ocampo of
Bayan Muna and Liza Maza and Luzviminda Ilagan of Gabriela.
They included Anakpawis Rep. Crispin Beltran, who died in an
accident at his home hours before the bill’s filing, as
coauthor of House Bill 4162. |
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Study group on Meralco formed |
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PANGLAO,
Bohol —Instead of an outright reduction in the cost of
electricity, Malacañang announced Tuesday that it has formed
a study group to check the facts and other allegations
about alleged excessive collections by the Manila Electric
Co. (Meralco) among its customers. |
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Senate panel endorses income-tax reform bill
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THE Senate
ways and means committee endorsed for plenary approval on
Tuesday its own version of the income-tax reform bill
granting automatic exemptions to minimum-wage earners and
providing relief to all individual taxpayers by adjusting
their personal and additional exemptions to approximate the
increase in inflation since 1997. |
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Government pays foreign creditors P5.87-B ‘net’ in 1st 4
months |
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THE national
government paid back more than it borrowed from foreign
creditors in the first four months, the Department of
Finance (DOF) said Tuesday.
Finance
Secretary Margarito Teves, whose position was finally
approved by the powerful Committee on Appointments also
yesterday, has authorized payments that covered P45.31
billion worth of foreign debts during the period. |
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Rise
in food prices hurt the poor more |
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AN economist
is already worried poverty in the Philippines will worsen
with the rising prices of food and other essential
commodities because budgets of the poor are skewed toward
food, particularly rice and corn, whose prices have doubled
in the world market. The
Philippines
is a net importer of rice and the biggest buyer in the
world.
In a
briefing at the University of Asia and the Pacific (UA&P),
economist Cid Terosa said a university simulation underlined
the abysmal income distribution in the Philippines—so that
while everyone is affected by high prices, the lower 30
percent are in a very dreadful position, and eating just
once a day may become the norm. |
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MORE STORIES ... |
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Convergys bets
on RP. Andrea
Ayers, Convergys’ Customer Management head, briefs the media
on the company’s opening of fi ve new sites as part of its
fast-growing operations in the Philippines. The sites will
result in employment for up to 7,000 more Filipino workers.
The press briefi ng was held in a Makati City hotel.
--NONIE REYES |