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Editors’
choice. This
BUSINESSMIRROR photograph, take by Nonoy Lacza, of the
wind farm in Bangui, Ilocos Norte, posted on the LiveEarth
web site on July 8, was picked one of five “Editors’
Choice” from among thousands of photos that captured the
numerous LiveEarth events held worldwide, coinciding with
the concert series initiated by former US Vice President
Al Gore to generate awareness and action on climate
change. This paper partnered with and covered the
“Saranay” (Ilocano for “nurture”) event that used the wind
farm as backdrop, to stress the key role of renewable
energy in the search for clean, green energy. |
| HEADLINES |
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BSP
backs DOF asset plan |
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THE monetary
authorities have crafted policy anchored on the assumption
the budgetary shortfall this year should not be larger than
P63 billion, according to Bangko Sentral ng Pilipinas
Governor Amando M. Tetangco Jr., indirectly underscoring the
tight situation of a fiscal sector struggling to overcome a
semester of unmet revenue targets. |
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ODA
down, Neda lists problems |
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PROBLEMS
affecting the use of Overseas Development Assistance loans
have led to a steady decline in the amount of ODA in the
past seven years as government struggled to develop
efficiency. |
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Local treasurers see modern manual boosting LGU revenue |
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THE
Department of Finance is bringing to the 21st century its
53-year-old Treasury Operations Manual with a comprehensive
update that is expected to become effective about September
this year. |
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‘Stop reckless borrowing by GOCCs’ |
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THE new
Congress was asked to craft sweeping fiscal reforms to check
“reckless borrowings” by government corporations and plug
loopholes in the grant of tax breaks to undeserving
beneficiaries. |
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Sona
to focus on RP economic path, goals |
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PRESIDENT
Arroyo is expected to apprise the people on what she has
done so far to set the nation on the “path of economic
growth, political stability and social justice,” and her
action plan until 2010 to ensure the country’s economic
takeoff when she delivers her State of the Nation Address (Sona)
next week. |
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Exclusive:
Chasing Cojuangco-Kirin secret deal papers |
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WITH its
increasing ownership in San Miguel Corp. (SMC), which has
reached close to 20 percent, Kirin Brewery Co. Ltd. of Japan
may become a very strong force to reckon with as a
significant stockholder and ally of SMC chairman Eduardo
Cojuangco Jr. |
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Exporter’s mantra: efficiency, infrastructure, supply chain |
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REGIONAL
fashion awardee Gil Z.C. Carungay, chief executive officer
of Avatar Accessories Inc., strongly recommended to fellow
exporters and those eyeing the world market to study their
target market well, analyze their specific market trends,
and keep studying consumer behavior without the bias of the
behavior they know about the local market. |
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4
foreign firms on shortlist for P2.5-B passport job |
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FOUR
European companies have been short-listed in the
P2.5-billion electronic and machine-readable passport
project that will be entered into by the Bangko Sentral ng
Pilipinas (BSP) on behalf of the Department of Foreign
Affairs (DFA). |
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Carmakers want duty-free list corrected |
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Local auto
makers have asked the government to defer the publication of
an executive order after it “inadvertently” included
imported used completely built-up (CBU) vehicles on the list
of products that will be allowed duty-free entry starting
this year under the Asean Free Trade Agreement (Afta). |
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MORE STORIES ... |
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A FARM worker
carries sugar cane during harvesting at a plantation 125
miles from Brasilia in this July photo. Sugar prices rose to
a fourmonth high on signs that Brazil, the world’s largest
grower, are churning out more ethanol and less sweetener. -- BLOOMBERG |
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