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City of
lights.
Fireworks light up the sky over the Baywalk area on Roxas
Boulevard Sunday night, as the city of Manila, led by
three-term Mayor Lito Atienza, marked the 436th Araw ng
Maynila. Earlier, weeklong activities were held to mark
the capital city’s founding, with the city honoring
outstanding artists and representatives of various fields.
--NONOY LACZA |
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Executives debate VAT on toll |
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THE proposal
to “enforce” the value-added tax (VAT) on the toll ways as a
means of raising revenue for a cash-strapped government has
triggered a complicated debate among officials— with
legislators, the Executive, and toll operators advancing
contradictory views about it. |
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Government saves P14.6B on interest payments in first 5
months |
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THE
government is saving P14.6 billion on interest payments in
the first five months owing to a prevailing favorable
interest rate environment locally and abroad that allowed
debt service payments to drop by 9 percent to P327.85
billion this year, from P360.58 billion in the similar
period last year. |
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Smaller BOP surplus eyed to curb Peso rise |
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THE Bangko
Sentral aims to post a smaller surplus in the balance of
payments (BOP) than the projected $2.9 billion for the year
in an effort to limit the appreciation of the peso that has
hurt both the exporter, and the millions of overseas workers
who remitted $12.8 billion last year. |
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Aspiring franchisees warned vs scammers |
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THE
Association of Filipino Franchisers Inc. has alerted the
public on groups victimizing start-up entrepreneurs by
enticing them to venture into their shady business concepts
that fleece them of vital start-up funds. |
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Business, key catalyst in slowing global warming |
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IF nations
fail to address climate change within the next five years,
the effects of global warming may be irreversible, the
Australian head of an international environment organization
said. |
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Governments’ role crucial in ‘greening’ Asia’s buildings |
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SINGAPORE—Thousand-foot
steel cranes lolling left and right here bounce off the
frenzied energy gripping the region’s building and
construction industry with an undercurrent: going green. |
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RP
cement makers: government to lose P.6B in tariff cuts |
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THE
government is looking at a potential revenue loss of P600
million per year if it pushes through with the planned
elimination of tariffs on imported cement, according to the
Cement Manufacturers Association of the Philippines (CeMAP). |
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MORE STORIES ... |
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Show of interest
Nissan-Renault chief
Carlos Ghosn (center), and Universal Motors Corp.
executive vice president Elizabeth Lee (left) meet with
President Arroyo on the government’s Auto Market Expansion
Program that encourages the production of low-cost
vehicles for small and medium enterprises. For the
Japanese carmaker, the meeting signifies its interest in
the Philippine program. The meeting took place against the
backdrop of the World Economic Forum being held in
Singapore. |
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