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LABORERS work
on a construction site under a giant billboard for a skin
smoothing cream in Makati City. Despite President Arroyo
trumpeting the fastest fi rst-quarter growth in 17 years,
a record-high stock market and stronger peso, Filipinos
are worried the booming economy is eating away at their
income. --AP |
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Small exporters see P1.5-B losses |
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A GROUP
representing up to 1,000 small-scale exporters on Thursday
warned of massive closures, worker displacement and
financial losses if the government fails to help them cope
with the peso’s continuing rise against the dollar. |
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Panel backs zero tariff for cement |
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THE Tariff
Commission (TC) has ruled against local cement manufacturers
and will be recommending to Malacańang the elimination of
tariffs on imported cement “to inject more competition to
the market.” |
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Rate
adjustment to skip hearings |
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POWER
companies, particularly distribution utilities, will
immediately reflect adjustments in rates based on current
prices of purchased power (for distributors like Meralco) or
fuel prices as soon as an amendment to that effect on the
Electric Power Industry Reform Act (Epira) is enacted. |
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Blame game mars drugs bill |
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UNSEEN hands
and the alleged existence of a P1-billion lobby money are
killing a major piece of legislation that seeks to bring
down the steep prices of medicines. |
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EU,
Asean told: Hit traffickers harder |
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SWEDEN
is urging the European Union and the Association of
Southeast Asian Nations to integrate the protection of the
rights of migrant workers in these blocs’ proposed free
trade agreement because human trafficking in the two regions
has been increasing. |
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Poll: consumer confidence still up |
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CONSUMER
confidence remained steady in the first half of the year,
with Filipinos having fewer reasons to worry about politics
and economics, at the same time finding incentive to save,
spend on gadgets, and even pay off debts, according to a
survey by AC Nielsen (Philippines) Inc. |
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Buy-Gold Option |
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THE Bangko
Sentral ng Pilipinas is running out of options to ease the
impact of the appreciating peso and bared plans on Thursday
to purchase gold as an alternative measure. |
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$1-B
dam to rise in Tanay to boost Metro water, power |
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GOVERNMENT
is finally pushing through with the construction of the
$1-billion long-planned dam in Tanay, Rizal, envisioned as
the source of an additional 1,830 million liters of water
daily for Metro Manila, and to generate 25 megawatts of
electricity. |
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265mw supply deal to sweeten Masinloc bid |
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GOVERNMENT
plans to give the Masinloc power plant a total of
264.5-megawatt supply contract to make it more appealing to
prospective buyers. |
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State-run Viet firm offers RP 270,000 mt rice |
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STATE-RUN
Vietnam Southern Food Corp., the nation’s biggest rice
exporter, offered to sell 270,000 metric tons of the grain
to the Philippines, the world’s biggest importer of the
commodity. |
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MORE STORIES ... |
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TRAFFICKING in Human Beings
officer in-charge Anders Oljelund, joins Swedish
Ambassador Annika Markovic in the forum on “Combating
Trafficking Together.”
--NONIE REYES |
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