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Steel
burgers. This
(foreground) is what’s left of a BMW wagon after a backhoe
did its worst in Thursday’s operation to destroy smuggled
luxury cars and SUVs—among them Lincoln Navigators and BMW
X5 models—in a vaunted campaign by the finance department
to teach smugglers a lesson at Subic Freeport. In all, 18
vehicles worth about P30 million were crushed. More luxury
cars are set to be destroyed in the next few weeks.
--HENRY EMPEÑO |
| HEADLINES |
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Key
index’s gain wiped out |
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PHILIPPINE
stocks tumbled, erasing the key index’s gain this year,
after reports showed that losses on
US
home loans are spreading and a housing slump is worsening in
the world’s biggest economy. |
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GMA
clarifies terms of education task force |
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PRESIDENT
Arroyo announced on Thursday that she has signed an
administrative order certifying the terms of reference of a
“high-level” body that would restructure the education
system to produce graduates better equipped for the demands
of the future. |
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BOP
surplus jumps to $1.3B in July |
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THE balance
of payments (BOP) posted a huge surplus in July, exceeding
$1 billion to $1.34 billion, dwarfing the surplus in June of
only $834 million. |
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Neda,
NSO, PhilHealth to finish unified ID pilot tests |
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THE
government is set to implement the Unified Multipurpose-ID
(UM-ID) System in 2008 after a private-sector partner is
chosen based on the prescribed build-operate-transfer (BOT)
selection procedures. |
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NGOs
want to check budget for MDG goals |
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MEMBERS of
civil society are urging the government to allow them to
monitor the use of the national budget to see if enough
resources are channeled to programs and activities related
to the Millennium Development Goals (MDGs). |
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DOJ
upholds P1.6-B project |
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THE
controversial Bohol Irrigation Project, Stage II (BHIP II)
was deemed valid and legal by the Department of Justice
(DOJ) in the opinion it sent to the National Economic and
Development Authority (Neda) last August 15. |
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No
other way but real log ban, says Nene |
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SENATE
Minority Leader Aquilino Pimentel prodded President Arroyo
to certify the long-overdue log ban bill as an
administration measure so Congress would put it on top of
its agenda and push it faster for approval. |
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Liquigaz sees LPG car use boosting sales |
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THE rising
popularity of liquified petroleum gas as vehicle fuel is
expected to boost the sales performance of Liquigaz
Philippines Corp. by 15 percent by the end of the year. |
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GMA
gives P100M to PGH, P50m more yearly till 2010 |
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PRESIDENT
Arroyo on Thursday gifted the Philippine General Hospital (PGH)
with a P100-million fund for its ongoing modernization, to
be supported by P150-million more in the next three years. |
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MORE STORIES ... |
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5th Mabuhay
Lounge President
Gloria Macapagal-Arroyo recently inaugurated the latest
Mabuhay lounge of Philippine Airlines at the new Iloilo
Airport, PAL’s fifth in its domestic network intended to
complement the flag carrier’s Mabuhay class service soon to
be exclusively available on all PAL domestic flights. PAL is
currently putting up another Mabuhay lounge at the new
Bacolod airport. President Arroyo was assisted at Iloilo
airport by Jaime J. Bautista (left), PAL president, and
Ryuichiro Yamazaki (right), Japanese ambassador to the
Philippines. |
