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Heart-wrenching. A Burmese refugee begs for alms on the Thai-Myanmar friendship bridge near the border between the two Asean member-countries. An average of 1,000 people cross the border illegally every day, trying to escape the hard life and oppression they experience inside Myanmar from the ruling military junta. The junta has been forced to let in more foreign aid workers after the United Nations warned that stalling on the foreign offers of rescue and relief for more than a million Burmese affected by a cyclone will make it liable for the massive humanitarian debacle. --VJ VILLAFRANCA

TOP STORIES
Tug of war over DOF database

BUSINESS groups have quietly alerted Malacañang Palace to an open-ended congressional inquiry that they consider a risk to their operations because it is forcing the Department of Finance (DOF) to release its sensitive database on the operations of companies applying for tax credits.

While Congress has the power to require an Executive office to submit records and pertinent documents when Congress performs policymaking and oversight functions, the demand by Rep. Arnulfo Fuentebella for the DOF’s One-Stop Shop (OSS) Tax Credit and Duty Drawback Center to release to his office its entire database could jeopardize the welfare of private businesses, according to highly reliable sources.

Underrecoveries at P8/liter, say oil firms; more price hikes set

“MORE to come.” That’s the grim message of oil companies, even after increasing diesel and kerosene prices by P1.50 per liter and gasoline by P1 per liter over the weekend.

“If we could just increase prices by P3/liter over the weekend, [it] would  sort of help us accelerate [efforts to] recoup our underrecoveries,” an oil-industry source said, by way of indirectly justifying the latest price hikes by noting that these covered just half of what they needed to get back.

Pippa gets 1st crack at interim open access

LARGE power users, particularly industries, would soon be given the power of choice to select their power supplier, with President Arroyo certifying the Philippine Independent Power Producers Association’s (Pippa) petition for interim open access as priority resolution for the Energy Regulatory Commission (ERC).

Ernesto Pantangco, president of Pippa, told a press conference Friday interim open access will not, however, immediately bring down rates but would do so in the long term.

GSIS says it’s reviewing Meralco deals with its IPPs

DESCRIBING its efforts as simply meant to help bring down prices of electricity within the franchise area of the Manila Electric Co. (Meralco), the Government Service Insurance System (GSIS) revealed it is now thoroughly reviewing the contracts entered into by the country’s largest power distributor.

“Our goal is to eventually lower power rates by as much as P2 per kilowatt-hour [kWh] to P3/kWh, and this can be done by reviewing Meralco’s contracts with its independent power producers [IPPs],” said the GSIS spokesperson, lawyer Estrellita Elamparo, in an interview at the weekend.

Bulk of OFWs now younger–NSO

THE first waves of Filipinos who went abroad to work are growing older, and the National Statistics Office (NSO), interpreting its survey data, said the large role of these workers in propping up the economy is now devolving to the younger batches between 25 and 29 years old.

NSO data showed active overseas Filipino workers (OFWs) during the period April to September last year numbered 1.75 million, an increase of 15 percent over the estimated 1.52 million in the same period in 2006.

Consumers push DOTC, BIR in refund bid for texting fees

CONSUMER group TXTPower has urged the Department of Transportation and Communications (DOTC) and the Bureau of Internal Revenue (BIR) to work together and find a way to refund consumers for the text- messaging fees imposed by mobile- phone firms.

In a statement, TXTPower said it supports a call by Transportation Secretary Leandro Mendoza and several members of Congress who want to abolish the SMS (short message service) fees, currently pegged at P1 each.

RP aid team will be in Burma for 2 weeks

THE government Sunday pledged to help make up for time lost in terms of relief efforts to Burma, through a 30-member medical team that will leave Monday to bring medical relief and goods to disaster victims there.

MORE STORIES ...

‘Olympinoy’ Springboard diver Sheila Mae Perez of the Beijing Olympics Philippine Team is presented a Windows Vista-loaded Lenovo Y410 notebook PC by Lenovo Philippines’ retailer Raymond de los Reyes and country manager Michael Ngan at their Concept Store in the SM Mall of Asia. China-based Lenovo, a major sponsor and equipment provider for the Olympics, and Microsoft have teamed up for the “Olympinoy” campaign to support Filipino athletes. Aspects of the campaign include Torch displays at several Lenovo Concept Stores and a pot which will serve as a gold-medal incentive, funded by every purchase of any Microsoft OEM license product. --LEON MEDADO

ANC LIVE


  • House OK’s bill setting up provident personal-savings plan for retirees
  • EC allots €6.5M to help RP exporters gain access to EU market
  • Davao region earns P4.7M in trade fair for SMEs
  • DA sets aside P90M to boost root-crop production
  • BFAR scuttles P10-million tilapia processing-plant project
  • Zubiri supports ‘Quit Coal!’ campaign of Greenpeace, urges passage of renewable-energy bill

  • UnionBank shifts business tack to arrest stiff drop in profit
  • Monetary Board may raise rates in June–UBS
  • Market correction gives peso reprieve
  • Council may scrutinize casino activities

  • Gun ban leads to more crimes–group
  • Napocor slashes generation rates by P1.44/kWh
  • Probe of low-cost homes’ takeover sought
  • 2 killed, 10 wounded in Basilan gun battle
  • Never say die, Lozada says
  • ‘Usig’ arrests 27 more suspects in killings
  • ‘No need for Ayala family to distribute land in Calatagan’

  • Aboitiz Group will expand slowly in south
  • Shipping company ‘fine-tunes’ fleet to blunt rising fuels costs, competition, tough times
  • Shipping Briefs: Daewoo Shipbuilding gets 1.44-trillion won contract

  • California scientists prepare for ‘Big One’
  • Toyota building $192-M green-car battery plant
  • KBP launches sea-turtle conservation campaign

  • PGA Cars launches the R8
  • Brake it like Bendix
  • Isuzu continues to dominate Q1 truck, pickup sales
  • Eyes on the Road: Come to think of it…
  • Full Tank: Safety first, aesthetics second



  • More 3G offerings from Smart
  • Clothing firm wages war vs Harvard
  • Liberty wants RCBC motion erased
  • Aboitiz food firms get P900-M allotment
  • Meralco piles up 21% four-week loss
  • Not Business as Usual: What the Lopez Group and the government have in common

  • Editorial: Lowering the rates
  • Through the Looking Glass: Proxy wars and pretender wrath
  • Personal Finance: Branding financial planning
  • Coast-to-Coast: Open access, SMS and Lozada’s ‘fund’
  • The Entrepreneur: Why the property sector remains strong
  • Reflections from the Mirror: The challenge we face
  • William Pesek: China’s ‘tofu buildings’ raise inflation risks

  • Making the most of mentors
  • Managing false negatives

  • Elegance With a Conscience
  • Fasten your seat belts, it’s Fashion Week
  • Gab Fab: Seeing color and ‘Iron Man’
  • Eastwood’s ‘Changeling’ goes for gold at Cannes festival
  • Madonna to show film at Michael Moore’s festival

  • One for the road
  • Finalists’ chances? Still 50-50
  • Coke kids nail win, end tourney on high note
  • Thai wins as Pinoys falter
  • Lady Eagles pull off memorable V-League win
  • Bleachers’ Brew: The show must go on