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ZENAIDA C.
MAGLAYA, Undersecretary for Consumer Welfare and Trade
Regulation at the Department of Trade and Industry,
addresses the Philippine International Franchise
Conference and Expo 2008, where, among others, she
encouraged franchises to keep a steady exchange of
information in order to boost each other’s businesses.
--NONIE REYES |
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TOP STORIES |
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Government targets P40B-P45B deficit |
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AS a means
to pump in more funds for public welfare and agriculture
projects while controlling government spending, the
government is aiming to hit a deficit of P40 billion to P45
billion next year if a balanced budget will not be possible,
according to the National Economic and Development Authority
(Neda). |
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Franchising making headway in countryside |
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FRANCHISING
has made headway outside the Philippine capital, generating
jobs and contributing to the country’s developing rural
areas, a franchisers’ group’s survey on Wednesday revealed.
An expert
also said franchising would be better this year as the US
economy stalls and high world oil prices put pressure on
generating wealth. |
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Selective VAT cuts subject to abuse, says Finance |
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MALACAÑANG
continues to veto the idea of any value-added tax (VAT)
reduction or removal as the Catholic bishops prepare to meet
President Arroyo on what to do with VAT to ease the people’s
burden. This, as the Energy department proposes even more
subsidies, earlier slammed as wrong policy by the
Association of Southeast Asian Nations. |
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Panic over for Asean, but . . .
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ECONOMIES of
Association of the Southeast Asian Nations (Asean) countries
need to strengthen cooperation to address the inflationary
pressure of the rice and fuel crises that could possibly
destabilize growth in the region, said the bloc’s secretary-
general Dr. Surin Pitsuwan. |
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Facelift budget isn’t P200M–Nograles |
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PEOPLE are
scrounging for funds—for food, fuel, basic needs. So, what
do they expect from their congressmen? What the people want
is good performance from legislators, and not “cosmetics,”
according to party-list Rep. Liza Maza of Gabriela.
On
Wednesday, she joined her colleagues in assailing the House
leadership for prioritizing the multimillion-peso renovation
of the Batasan Complex main building and adjacent structures
while the country is facing national crises brought about by
the larger world crises in oil and food. |
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GSIS corners CTPL |
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BY next
week, the Government Service Insurance System (GSIS) will
officially be the sole provider of the compulsory
third-party liability (CTPL) insurance.
This, after
the Department of Transportation and Communications (DOTC),
Insurance Commission and the GSIS signed last week a
memorandum of agreement (MOA) that authorizes the latter to
handle CTPL insurance for all motor vehicles. |
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Child-sex tourism target of drive |
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MEMBERS of
the Association of Southeast Asian Nations (Asean) have
intensified the fight against child trafficking and
child-sex tourism in the region by tapping the assistance of
key tourism businesses that are being used as havens of
pedophiles.
The Asean
regional education campaign and the Australian government
launched the program “Please Protect our National Treasures”
by engaging the assistance of players in the tourism
industry to combat child-sex tourism in the region. |
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AIM,
teachers still in standoff despite ruling |
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AN amicable
settlement between faculty and management of Asia’s premier
business school has been pushed further back as both groups
continue to file suits and countersuits.
“It’s
[dispute] bigger than all of us,” Asian Institute of
Management (AIM) Faculty Association (AFA) president
Emmanuel Leyco told reporters in a press conference on
Tuesday. |
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Negotiations heat up for Basilan 4 |
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ISABELA
CITY, Basilan—The designated negotiators are working doubly
hard to secure the safe release of the four power-firm
employees who are still being held hostage by the Abu Sayyaf
bandits in Basilan province.
This, as the
bandits extended the deadline for Basilan Electric
Cooperative (Baselco) to produce a P1-million ransom in
exchange for the hostages’ release. |
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MORE STORIES ... |
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AIM Faculty
Association (AFA) president Emmanuel Leyco (left) briefs
mediamen on the National Labor Relations Commission ruling
that his suspension by AIM management in early March was
illegal. Also in photo is AFA chairman Victor Limlingan.
--NONIE REYES |
