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JOSEPHINE
PADUA cries as she holds the picture of her daughter
Jaqueline and husband Roy Padua, who were onboard MV
Princess
of the Stars when it sank off Romblon on June 21.
Josephine was accompanied by the chief of the Public
Attorney’s Office (PAO), Persida V. Rueda-Acosta (not in
photo). The PAO is providing legal aid to families of
victims flocking to Sulpicio Lines Inc.’s office in Pier
12, Manila. --NONIE
REYES |
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TOP STORIES |
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SC
affirms TRO on Petron sale
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THE Supreme
Court (SC) affirmed on Wednesday the decision of the
Regional Trial Court (RTC) in Bataan to issue a writ of
preliminary injunction enjoining the Bataan provincial
government from proceeding with the public auction of the
properties of top oil refiner Petron Corp., for its failure
to pay P1.73 billion in real property tax due from 1994 up
to 2007. |
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‘High oil, food prices hurt many’ |
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THE reality
of unabated increases in oil and food prices is already
being felt around the world and is placing extreme pressure
on developing countries like the Philippines, as they face
balance-of-payments problems, higher inflation and worsening
poverty. |
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What’s game plan on more oil woes? |
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DOES the
government have any plan to effectively deal with worsening
problems facing the country due to skyrocketing oil prices?
Sen. Mar Roxas II raised this question on Wednesday, as he
voiced concern over “a brewing geopolitical crisis in the
Middle East and other oil-producing countries.” |
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‘Accrual in underrecoveries may lead to diesel shortage’
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SINCE the
continuous increase in international oil prices has resulted
in P3.6 billion in diesel underrecoveries, as claimed by the
local oil industry, in April, any further delay in recouping
such underrecoveries could lead to a diesel-supply shortfall
in the country, oil-company executives said Wednesday. |
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DOF
bares mitigating measures on peso |
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THE
government said on Wednesday that the peso’s continued
depreciation is not yet a cause for alarm, as the Department
of Finance bared measures to prop up the national currency,
among them, speeding up the availment of $900 million in
program loans this year and slashing bank fees to entice
more remittances from Filipinos abroad. |
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SLI
takeover still an option–Palace |
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AFTER
earlier denying any intention to take over beleaguered
Sulpicio Lines Inc. (SLI), Malacañang said on Wednesday a
government takeover remains an option that would depend
largely on the findings of the Board of Marine Inquiry (BMI)
on the MV Princess of the Stars disaster and the
practicality of state-led shipping during typhoon season. |
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Look
to neighbors who beat odds–FVR’s counsel |
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DAVAO
CITY—The administration must focus on macroeconomic plans to
lift the country out of crisis after crisis, former
President Fidel Ramos said here at the relaunching of a
program for Mindanao that saw the birth of one of the global
models of a subregional economic cooperation—the Brunei,
Indonesia, Malaysia, the Philippines-East Asean Growth Area
(BIMP-Eaga). |
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2
new Comelec men, CAAP’s DG named |
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PRESIDENT
Arroyo has made two new appointments to the Commission on
Elections (Comelec)—former Court of Appeals Justice Lucenito
Tagle and Malabon Regional Trial Court Judge Leonardo
Leonida. |
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FPI
seeks rule that system loss isn’t VAT-able
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DOMESTIC
manufacturers have asked the Bureau of Internal Revenue (BIR)
to come out with a ruling stating that the system loss being
charged by the Manila Electric Co. (Meralco) and other
power-distribution utilities to their consumers are “not
VAT-able,” or not imposable with value-added tax (VAT). |
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MORE STORIES ... |
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Sudoku
partners. The
BUSINESSMIRROR and the Mathematics Trainers Guild (MTG)-Philippines,
sustaining a partnership forged since 2007, recently signed
a memorandum of agreement to organize the 3rd Philippine
Sudoku Super Challenge. The MTG, a member of the World
Puzzle Federation, has been honing math students and
professionals preparing for international math and world
sudoku competitions. In photo, BM publisher T. Anthony C.
Cabangon (3rd from left) and MTG Philippines president Dr.
Simon L. Chua seal the agreement with a handshake. With them
are (from left, seated) BM editor in chief Lourdes
Fernandez, MTG business manager Dr. Isidro Aguilar and BM’s
VP for corporate aff airs Ricky Alegre; (standing, from
left) MTG adviser Myrna Agtarap, MTG’s Dr. Archie Rodriguez,
BM business development manager Joyette Perez and MTG
treasurer Sanet Hipolito. RHOY COBILLA |
