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TOP STORIES |
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NG
plans to borrow P35B more |
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THE national
government will sell more peso-denominated debts worth more
or less P35 billion, Finance Undersecretary and Acting
Treasurer Roberto Tan confirmed Tuesday.
The
additional peso borrowing will be on top of another P40
billion in foreign-currency bonds the Department of Finance
anticipates selling later this year. |
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Go
online, vote for rp tourism sites in
new7wonders.com |
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CHEERING
Filipinos on to vote for all four Philippine tourist
destinations listed in
www.new7wonders.com
Sen. Richard Gordon said Tuesday that this is one contest
where Filipinos all around the world can participate in and
where victory is practically assured. The senator noted
that the odds are stacked strongly in the country’s favor,
having more than 7,000 beautiful and tourist-friendly
islands. |
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Change in Filipino lifestyle to ease energy woes—ADB, DOE |
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WITH soaring
oil prices already an inescapable reality, there is now a
greater need for Filipinos to start changing their
lifestyles in order to ease the pressure on the country’s
growing energy problems.
The Asian
Development Bank (ADB), the Department of Energy (DOE) and
other guest speakers were one in saying this during the
Clean Energy Forum 2008 at the Manila-based lender’s
headquarters Tuesday. |
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More
VAT relief options offered |
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HOW many
ways are there to skin the cat called value-added tax (VAT),
which, with its huge collection windfall, has become an
embarrassment to a government seeking to cushion the impact
of soaring gas and food prices on the public?
More options
were offered Tuesday in the House of Representatives and
even in the united opposition’s ranks, as the Executive
continued to fend off calls to lift the VAT on petroleum
products and instead opted use part of an estimated
P18-billion windfall for various subsidies to affected
sectors. |
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P20
wage hike not enough, concedes NSCB |
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A GOVERNMENT
agency has admitted the minimum wage of P362 a day is not
enough to meet the basic needs of families in the National
Capital Region (NCR), even if a P20 increase in wages will
be implemented on June 14. |
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Mixed views on CARP extension |
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THE
Presidential Commission on Good Government (PCGG) Tuesday
appealed to the House of Representatives to fast-track
approval of the proposed measure to extend the Comprehensive
Agrarian Reform Program (CARP) for five years because of
1.86 million hectares of agricultural lands that have not
been placed under the land-reform law. |
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Malacañang: No link with
snap-polls move |
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MALACAÑANG
distanced itself on Tuesday from a House bill calling for a
snap presidential election to resolve questions on the
mandate of a sitting president in times of crisis.
House Bill
3859, authored by Nueva Ecija Rep. Eduardo Nonato Joson, was
endorsed Monday by members of the House Committee on
Suffrage, chaired by Makati City Rep. Teodoro Locsin Jr. |
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DOJ, Senate cool to
snap-election idea |
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JUSTICE
Secretary Raul Gonzalez on Tuesday dismissed the notion that
the only solution to the current leadership and economic
problems is a change in leadership through a snap election.
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MORE STORIES ... |
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Shifting sands. Fiscal and
monetary concerns the world over have shifted in the light
of the recent surge to record levels of commodities,
particularly crude oil. From focusing on growth targets,
Philippine economic managers, that include central bank
Governor Armando Tetangco Jr., who holds office on the 5th
floor of the Bangko Sentral ng Pilipinas (in photo), are
scrambling to rein in inflation in a delicate balance with
interest rates so as to keep peso-denominated assets
attractive to local and foreign investors.
--NONIE REYES |
