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PRESIDENT Arroyo and her
husband Jose Miguel, along with their royal hosts, wait to
have their photo taken in the splendid setting of the
Royal Palace in Madrid, before the gala dinner Monday.
From left: Spain’s Crown Prince Felipe, Queen Sofia, Mr.
Arroyo, President Arroyo, Spanish King Juan Carlos and
Princess Letizia. --AP |
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Policy tools urged as food prices rise
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THE
International Monetary Fund (IMF) has urged middle-income
and developing countries, including the Philippines, to
tighten monetary policy to cope with high food prices
brought about by the worldwide adoption of biofuels. |
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Era
of cheap food is over—global report |
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THE era of
cheap food is over as surging demand for food, feed and fuel
will put more pressure on global food supply, according to a
report released by the International Food Policy Research
Institute (Ifpri). |
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DA,
Spanish firm ink $200-M biofuels pact; more deals eyed |
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THE
Department of Agriculture (DA) and a Madrid-based biodiesel
company have inked an agreement on the development of at
least 100,000 hectares in Laguna and Palawan for jathropa
cultivation.
The
renewable-energy development project is only one of several
agreements to be signed during President Arroyo’s three-day
state visit to Spain, along with agreements on agriculture
and fisheries development, sustainable coastal management,
joint research on biotechnology, and on microfinancing
technology, Malacañang said in a statement. |
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RP
business taxes highest in Asean, says study |
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A joint
report conducted by multilateral funding institution World
Bank (WB) and professional-services firm
PriceWaterhouseCoopers disclosed that business tax in the
Philippines
is considered the highest among all members of the
Association of Southeast Asian Nations (Asean). |
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Peso
strengthens to 7.5-yr high on remittances
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THE peso
Tuesday held at close to a seven-and-a-half-year high
against the dollar on speculation money sent home by
Filipinos working abroad will increase as the Christmas
season approaches. |
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Alarm bells sound at Tokyo water summit |
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MORE than
700 million people in Asia-Pacific, including the
Philippines, do not have access to drinking water, but the
situation will not get any better unless people help protect
the water resources.
Alarming as
it may already seem, the situation is worse in the
Philippines, says Environment Secretary Lito Atienza, citing
the dying status of the country’s few remaining lakes and
rivers. |
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SC
favors NTC fees formula |
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THE
Philippine Long Distance Telephone Co.(PLDT) had contended
the February 10, 2000 and
September 5, 2000 reassessments of the National Telecommunications
Commission (NTC) were contrary to a Supreme Court (SC)
ruling and thus inapplicable. |
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Setback for FM foes in US case |
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THE group of
martial-law victims who won a court award in Hawaii in 1995,
which remained unsatisfied by the Marcos estate, suffered
another setback in its claim on the $35-million Arelma
account at the
New York
firm Merrill Lynch, which is also claimed by the Manila
government. |
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BIR
padlocks food outlet, forms task force vs illegal traders |
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The Bureau
of Internal Revenue (BIR) sent a serious warning to erring
businessmen who continue to defy tax laws when it closed
down Tuesday a Jollibee franchisee at Farmer’s Plaza in
Cubao even as it formed a task force to run after traders
operating at Greenhills Shopping Center in San Juan and
other shopping centers. |
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Human senses to save print industry, says trade-fair exec |
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THE feel of
paper or the colors leaping from a page cannot be replaced
by the cold touch of a computer monitor: humanness will make
the print media industry a perennial business, says an
executive from the German printing industry. |
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WB
pitches carbon facility to 3rd world |
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DEVELOPING
countries like the Philippines can earn additional revenues
and obtain clean technology from the World Bank’s proposed
Carbon Partnership Facility.
In a
statement, the World Bank said its Carbon Partnership
Facility will allow developing countries to earn money and
obtain environment-friendly technology in exchange for
greenhouse-gas-emission reductions sold to developed
countries. |
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MORE STORIES ... |
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The once and
future pickup.
The Nissan Frontier Navara’s dimensions, engine grunt and
creature comforts make it the template for tomorrow’s pickup
design and product planning. Here, Universal Motors Corp.
executive vice president (marketing group) Elizabeth Lee
poses with the pickup of tomorrow at the recent Navara
launch at the Makati Shangri-La Hotel.
--JUDE MORTE |
