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THE rarefied
air of progress in Makati’s central business district may
not be enough to infect the economy all around, according
to experts who believe a slowdown in state infrastructure
work during the election period ban on public works will
affect prospects of matching the impressive growth of 6.9
percent in the first quarter. The government has a
full-year target range of 6.1 percent to 6.7 percent.
--RHOY COBILLA |
| HEADLINES |
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5-mo
deficit at P42B; DOF frets
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FINANCE
Secretary Margarito Teves acknowledged on Tuesday the
revenue numbers have not kept up with expectations in the
first five months, resulting in a deficit of P41.8 billion
during the period. |
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Q2
growth crimped by election ban |
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THE election
period ban on public works appears to have slowed down the
robust beginning of economic growth of 6.9 percent seen in
the first quarter, a paper from the University of Asia and
the Pacific said. |
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Fee
hikes must have Neda OK |
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TO improve
the country’s competitiveness, Malacañang has ordered all
government agencies and corporations seeking new or
increased fees to obtain prior approval from the National
Economic and Development Authority (NEDA) Board. |
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Only
chiefs of DOE-related GOCCs have quit |
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FEWER than
10 presidential appointees in government-owned and
-controlled corporations (GOCCS) attached to the Department
of Energy have submitted their courtesy resignation to
President Arroyo, and more are expected to follow suit in
the coming days in compliance with the Chief Executive’s
verbal directive, Malacañang said on Tuesday. |
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Milk
makers insist government must not ‘curtail’ mothers’ right
to choose |
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THE
Pharmaceutical and Health Care Association of the
Philippines insisted Tuesday the Department of Health
“should not curtail the freedom of Filipino mothers to
choose whether to breastfeed or give their babies
substitutes.” |
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Security fees reviewed, but collection will go on |
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ALTHOUGH the
Philippine government granted private sector requests to
investigate container security fees, it nevertheless
rejected a proposal to temporarily suspend its collection
while the issue is being studied. |
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Now,
even lowly ‘ending’ reaps profits for online biz |
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THERE is
money in gambling either as operator or provider of support
services—so much so that Philweb Corp. is looking at it as a
main revenue generator and profit maker. |
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MORE STORIES ... |
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A CONTAINER lifter waits for
instructions on which twenty-foot metal box to carry next
in this February file photo taken at the Manila
International Container Port. The government has granted
the private sector’s appeal to examine container scanning
fees imposed by the Bureau of Customs, which range from
$25 to $50 per metal box.
--ROY DOMINGO |
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