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FROM left:
Dr. George S.K.Ty, group chairman of the Metrobank group
of companies; Bangko Sentral Gov. Amando Tetangco Jr.;
Hideto Ozaki, president of Toyota Financial Services
Corp., and Dexter Pasion, president of Toyota Financial
Services Philippines Corp. (TFSPC), offer a toast at
TFSPC’s fifth anniversary. The company, 40-percent owned
by the Metrobank Group, is the first to obtain a
quasi-banking license which the central bank resumed after
seven years.
--NONIE REYES |
| HEADLINES |
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Litigation worries business |
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PRESIDENT
Arroyo is preparing to call a meeting that will have the
judiciary, executive and legislature poring over the problem
of how to harmonize laws and regulations with the situation
obtaining on the ground so as to help improve the business
climate. |
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Toyota Financial gets 1st crack at QB license |
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HAVING
closed the window for seven years already, the Bangko
Sentral ng Pilipinas (BSP) has again started issuing
quasi-banking (QB) licenses. |
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P130M lost in waived lab fees on exports |
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DAVAO
CITY—With the government already losing more than P130
million for waiving laboratory fees for the tests it
conducts on agricultural exports in only four months,
agricultural exporters are now being urged to adapt
self-regulatory measures to ensure their chances of meeting
the quarantine standards of importing countries. |
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Budget gets ‘highest priority;’ Lagman, Cua in term-sharing |
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THE House
leadership said Sunday it will give “highest priority” to
the proposed P1.2-trillion General Appropriations Act (GAA)
of 2008 when Malacañang submits on Wednesday what Congress
described as the biggest in the nation’s history, with
“many substantial elements in capital expenditures.” |
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FTAs
with Asean partners to be finished 1st |
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THE
Philippines and the other Southeast Asian-bloc countries
have committed to conclude within the year their regional
trade negotiations with dialogue partners South Korea,
Japan, China, New Zealand and Australia. |
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‘US-like credit crunch not likely here’ |
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BANGKO
Sentral ng Pilipinas Governor Amando Tetangco Jr. has
allayed fears the subprime mortgage loan debacle in the
United States would infect local lenders and lead to
tightening of credit. |
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PASG
to file cases v. 100+ Customs officials |
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THE
Presidential Anti-Smuggling Group (PASG) is preparing
administrative and civil charges against more than 100
Customs officials and personnel allegedly involved in
smuggling activities, the PASG’s head, Undersecretary
Antonio Villar Jr., said on Sunday. |
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Teves upbeat on fiscal program with P1.6-B surplus
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FROM a
deficit of P17 billion a year ago, the national government
posted a P1.6-billion surplus in July, bringing the
seven-month deficit to P39.4 billion, Finance Secretary
Margarito Teves said on Friday. |
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Negotiated sale at harbor? |
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THE
Philippine Ports Authority (PPA) is receptive to the
possibility of a negotiated sale for the contract to operate
the Manila North Harbor after it aired concerns that no
entity may qualify for the new round of bidding. |
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Reyes wants privatization fast-tracked |
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WITH a view
to helping spur power rate reductions, Energy Secretary
Angelo T. Reyes said Friday that the Department of Energy
will review the privatization schedule for the electric
power industry and possibly accelerate it. |
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MORE STORIES ... |
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SOCIAL Watch
Philippines and civil-society organizations recently
assessed the government’s progress—or lack of it—in moving
to fulfill the Philippines’ commitments to the UN’s
Millennium Development Goals by 2015. Social Watch convenor
Leonor Briones said they will again be active in the budget
process, as Malacañang prepares to submit the biggest- ever
proposed budget to Congress.
--NONOY LACZA |
