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Happy
birthday, Makati.
Fireworks light up the night
sky near Rockwell as the country’s prime financial
district capped celebrations for its 337th founding
anniversary Friday. Reelected Mayor Jejomar Binay, flush
with a landslide victory, threw a thankgiving party for
all barangay officials and residents and hosted a
diplomatic reception. RHOY COBILLA |
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Cheap drugs, customs bills up |
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THE
Thirteenth Congress will scramble to pass a slew of pending
proposals, including amendments to the Customs Brokers Law,
when the Senate and the House of Representatives reconvene
for their June 4-8 closing session. |
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Trap
of jobless growth deepens, confounds |
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JOBLESS
growth remains a major concern, with government efforts
misplaced or inadequate to significantly improve
productivity in agriculture, which employs a third of the
country’s workforce, a noted economist said on Friday. |
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‘It’s politics, not reforms’ |
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THE robust
GDP growth in the first quarter is not sustainable; it is
not so much the result of economic reforms or a substantial
strengthening of the domestic productive economy, but
largely because of “scandalous” campaign spending by
politicians for the May 2007 elections, according to
independent think-tank IBON. |
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Manny’s millions shake banks |
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A
LOCALLY-BASED thrift bank and two branches of regular
commercial banks based in Manila are having difficulties
servicing their clients panicked by the sudden withdrawal of
most of the deposits of boxing champion Manny Pacquiao. |
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US
firm to set up P2-B Mindoro hybrid power facility |
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AN American
firm is putting up a P2.035-billion wind-diesel hybrid
energy power generation facility in Oriental Mindoro that
will produce 25 megawatts. |
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Price for rice self-sufficiency is P6.5B–DA |
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THE
Department of Agriculture (DA) is urging the National
Government to set aside P6.5 billion for its rice program
next year to boost its chances of achieving rice
self-sufficiency by 2010. |
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Despite crisis, globalization’s impact, East Asia keeps
rising |
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THE East
Asian countries are experiencing an unfolding economic
renaissance, defying expectations after some of the region’s
emerging economies were each hit by a major financial storm
almost a decade ago, a new World Bank report revealed. |
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Namfrel ends parallel count with 88% coverage; it’s 8-2-2 |
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THE National
Citizens’ Movement for Free Elections (Namfrel) ended its
“quick count” on Saturday night, completing the canvass of
votes from 87.69 percent of election precincts, or 197,084
out of the total 224,748. |
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BSP is GSIS-SAGA Awardee
Bangko Sentral
ng Pilipinas Governor Amando M. Tetangco Jr. accepts the
SAGA — Seven Achiever Government Agencies Awards —from
Government Security Insurance System (GSIS) president
Winston F. Garcia and GSIS board of trustees chairman
Bernandino R. Abes during the 70th anniversary celebration
of GSIS, in recognition of BSP as a model agency for good
governance. The GSIS gave the SAGA to seven GSIS-remitting
agencies that stood out during the period 2001-2006 for
their passion for service and excellence, their commitment
to sound corporate governance and corporate social
responsibility, and their culture of innovation and
effective internal controls and systems. The other
awardees were the Provincial Government of Bulacan, Mahalo
Elementary School (Anhawan, Southern Leyte), Securities
and Exchange Commission, National Statistics Office, Davao
City Government and Jose Fabella Memorial School. |
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