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MARKET day in
Port au Prince exudes an air of normalcy, masking the
tension that sporadically boils over into riots and crime
sprees in the Haitian capital, making the role of UN
peacekeepers (photo below), including Filipino soldiers
and policemen, indispensable. -- IMELDA
ABAÑO |
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TOP STORIES |
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‘Serious risks imperil growth’ |
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RISKS to
agricultural growth, a continued weakening of manufacturing,
a decline in government consumption and the fragile state of
exports and imports top the threats to the Philippine
economy’s ability to sustain growth this year, as serious
global challenges are seen to prevail, the congressional
think tank has said in a report. |
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The
world faces ‘oil crisis’–IEA |
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TOKYO—The world faces an “oil crisis,” and the International
Energy Agency (IEA) stands ready to release emergency
stockpiles even as the biggest consumers discuss measures to
contain spiraling demand, the agency’s chief said. |
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Crime, prices feed tension in Haiti |
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PORT-AU-PRINCE,
Haiti—In
recent weeks, United Nations peacekeepers in
Haiti,
among them Philippine police officers and soldiers, have had
clashes with heavily armed kidnapping gangs whose activities
are increasing.
The
peacekeeping mission has expressed alarm over the growing
number of kidnappings, gang activity and other acts of
criminality in the Caribbean nation that is still
struggling—four years after democratic elections for a new
government—for political stability and economic progress. |
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SEC
asks CA to lift TRO on Meralco case |
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THE
Securities and Exchange Commission (SEC) has asked the Court
of Appeals (CA) to lift the restraining order it imposed
against it on May 30, a move that stopped the corporate
regulator from investigating the alleged defiance by the
Lopez group of an order on the use of proxy shares. |
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House extends CARP through joint resolution |
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WITH the
failure of the House of Representatives to pass the bill
extending the Comprehensive Agrarian Reform Program (CARP),
which expired on Tuesday, Speaker Prospero Nograles filed a
joint resolution to have the program extended until December
31 this year. |
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ARMM,
Caraga tots face worst lot |
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AMID soaring
commodity prices, the National Statistical Coordination
Board (NSCB) expressed concern for the plight of children,
particularly those in the Autonomous Region in Muslim
Mindanao (ARMM) and Caraga, considered the two child-poorest
regions in the
Philippines. |
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BM,
CCN partner to combine best of journalism |
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STARTING
today, two noteworthy publications are joining forces to
offer readers the best of the past and the present. The
Chinese Commercial News, the country’s oldest Chinese
broadsheet, and the BusinessMirror, the country’s
fastest-growing newspaper, are combining their distribution
muscle to service a larger audience. |
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26
firms take up 27,630 MT rice in auction |
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A TOTAL of
26 private-sector groups and farmers’ cooperatives,
individual and institutional users, such as Kentucky Fried
Chicken (KFC), took up 27,630 metric tons (MT) out of the
200,000 MT allocated for the private sector in an auction
held Wednesday. |
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RP
reaps effects of medical brain drain |
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THE country
might benefit from the $12-billion annual remittances of
overseas Filipino workers (Ofws), but the medical brain
drain poses one of the most serious threats to its people’s
well-being. |
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Asean think tank to focus on ‘3 pillars’ |
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MEMBERS of
the Association of Southeast Asian Nations (Asean), along
with their East Asian dialogue partners, have established a
regional think tank that will provide intellectual and
capacity-building support for the creation of an Asean
single-market economy by 2015. |
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‘We’ll abide by meter-deposit refund order’ |
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FOLLOWING
the Energy Regulatory Commission (ERC) ruling on meter-
deposit refunds, the Manila Electric Co. (Meralco) said
Wednesday it will abide by the decision of the regulatory
body once it receives the resolution. The refund order
includes corresponding interest. |
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MORE STORIES ... |
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Employees of the Development of
the Philippines dressed in traditional Filipino costumes
celebrate Independence Day in the bank’s premises in Makati
City. --NONIE REYES |