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SERGEI
VIKTOROVICH LAVROV (right), Minister of Foreign Affairs of
the Russian Federation, fields questions from the press at
an executive briefi ng on “Russia and the New Asia in a
Multipolar World: Implications for Business and
Investment” at the Asian Institute of Management in Makati
City. At left is Jose Cuisia Jr., AIG Philamlife CEO and
president.
--NONIE REYES |
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Insurance-tax gap checked |
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SOME
insurers have fraudulently benefited from insurance
contracts they sell to the public, and for years have denied
the government hundreds of millions of pesos in premium tax,
as actual collection differs from potential by as wide as
P869 million a year. |
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Amid
property boom, bill on REITs to get Senate priority |
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THE Senate
is set to fast-track the passage of a law providing a new
regulatory framework for real-estate investment trusts to
further develop the capital market. |
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‘Misuse’ of SMC sale profit feared |
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SENATE
Minority Leader Aquilino Pimentel has raised serious
concerns on a recent statement by Finance Secretary
Margarito Teves that the government expects to sell, and
raise at least P50 billion, with the 27-percent government
shareholding in San Miguel Corp. (SMC). |
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Russia wants to join ADB, expands ties with RP in Sakhalin |
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RUSSIAN
Foreign Minister Sergei Lavrov has expressed his
government’s intention to strengthen cooperation in the
Asian region by becoming one of the donor countries of the
Asian Development Bank (ADB). |
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DA
bans UK meat entry amid FMD |
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THE
Department of Agriculture (DA) has banned all meat imports
from the United Kingdom (UK) following the outbreak of the
dreaded foot-and- mouth disease (FMD) in a farm in
Surrey,
England,
on Friday. |
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Henry Sy buys P312-M shares in Anchor Land |
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RETAIL and
property magnate Henry Sy has bought into Anchor Land
Holdings Inc. (ALHI), a high-rise property developer which
went public early this month. |
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GOCCs’ subsidy hike scored |
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THE Arroyo
administration’s plan to double the subsidies to government
corporations even after failing to meet its revenue
collection targets has come under scrutiny in the Senate,
which wants Malacañang, as well as budget and finance
officials, to explain the rationale for it. |
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Indonesia assures RP stable coal supply amid price rise |
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INDONESIA
has said it will provide the Philippines with at least two
million tons of coal a year, Energy Undersecretary Guillermo
Balce has reported. |
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Teletipid, Telesulit soon to be ‘Dinapuwede’ |
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PHILIPPINE
Long Distance Telephone Co. is going to terminate its
Teletipid and Telesulit prepaid landline services in May
next year, and the company is offering its Teletipid and
Telesulit users either prepaid or postpaid services to
replace them. |
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CEB
decries unfair deal by foreign governments |
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A PLAN of
Cebu Pacific Air (CEB) to make
Clark its third hub—after
Manila and
Cebu—faces a major setback with the rejection by foreign
aviation authorities of its application to fully operate in
Bangkok, Macau and Hong Kong. |
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MORE STORIES ... |
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It’s that bad.
A resident of
28th Street in Port Area in Manila takes water from an open
manhole to be used in their household. Metro Manila
residents are being advised to conserve water as a prolonged
dry spell in Luzon has idled some hydroelectric plants,
brought dams to dangerously low levels, transformed farms
into parched land, and led to water-supply cuts in the
cities. --NONIE REYES |
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