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Newspapers’ centennial
British Library employee Zoe Tait sits on top of
a chair built from blocks of newspapers at the British Library
in London. The chair was created to coincide with an exhibition
marking a hundred years of British newspapers. The exhibition
opened to the public May 25. AP |
| HEADLINES |
Import
bill up 8%; data puzzling
THE 6-percent increase in imports to $11.17 billion in the
first quarter of the year is supposedly an indication that
the import-dependent manufacturing sector of the country recovered
from a 3.6-percent decline suffered in the first three months
of 2005. |
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Global
factors pushing down peso ‘transient’
PRESIDENT Arroyo on Thursday expressed confidence that the
peso and the economy, in general, will remain resilient throughout
the “transient” developments in the world economy
which have pushed the national currency closer to the P53
level against the US dollar. |
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‘Stick to safe but little
gain than be sorry’
REGULATORS on Thursday advised people to keep to the regular
deposit offerings of banks rather than invest in more exotic
product lines that promise very high returns but are also
more risky. |
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Neda sees mild growth in industry
MODERATE growth in manufacturing
in March 2006 is expected as the industry recovers, according
to National Economic and Development Authority (Neda) National
Planning and Policy Staff director Dennis M. Arroyo. |
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MORE STORIES
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ECONOMY
Poultry growth
may resume as Japan lifts ban
PHILIPPINE poultry production may resume growth in the second
half after Japan lifted a ban it imposed last year following
the discovery of a bird flu strain in ducks in Bulacan province,
a government official said.
Nido Petroleum
targets Galoc oil production by middle of 2007
AUSTRALIA-based Nido Petroleum Ltd. expects to generate significant
free cash from the first oil production of the Galoc Field
in Northwest Palawan by the second half of next year.
South Korea becoming
major market for RP pineapple
SOUTH Korea is fast becoming one of the country’s major
importer of Philippine pineapple, Agriculture Secretary Domingo
Panganiban announced Thursday.
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| OPINION |
EDITORIALS
Fencing plague
ON Thursday our reporter in Davao City had an interesting
story that was part amusing, but actually more alarming
and tragic. According to the report, thieves probably expecting
to steal copper telephone wires cut through the protective
cladding of a Philippine Long Distance Co. fiber optics
line under the Bankerohan Bridge in Davao City late Sunday
night, and their stupidity cost businesses a pretty penny:
the line was seriously damaged, shutting down direct dialing
and Internet connections in the southern part of the city.
Character,
capacity, community—now
The Catholic Bishops’ Conference of the Philippines
(CBCP) has released its pastoral exhortation for this year,
being “the year of social concerns,” entitled
“Building a Civilization of Love,” which not
only exhorts but commits the Church in a path toward the
restoration of good old values.
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PESO
DOLLAR
RATES |
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PSE
COMPOSITE
INDEX |
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BSP
EXCHANGE
RATES |
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WEATHER |
| MINDANAO
will experience mostly cloudy skies with scattered rainshowers and
thunderstorms. The rest of the country will have partly cloudy to
cloudy skies with isolated rainshowers or thunderstoms mostly in
the afternoon or evening.
Light to moderate winds blowing from the southeast and south will
prevail over northern Luzon and coming from the southeast and east
over the rest of the country. the coastal waters throughout the
archipelago will be slight to moderate.
SOURCE: PAGASA |
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