PHILIPPINE NEWS SERVICE — President Gloria Macapagal Arroyo has ordered the Bureau of Internal Revenue and the local government units to work closely in identifying tax cheats even as a Laguna lawmaker…
Category: News Stories
RP to have one ID card next year
PHILIPPINE NEWS SERVICE — ALL Filipinos will be required to have a common ID card, the so-called unified multi-purpose identification system, by 2008, a government agency said yesterday. The ID card is…
Terrorist hurt in gunbattle with RP troops
PHILIPPINE NEWS SERVICE — A TOP Indonesian terror suspect and a Filipino militant were reportedly wounded during a fierce gunbattle with troops on southern Jolo island last week, military chief Hermogenes Esperon…
RP stock market tumble wipes out year’s gains
PHILIPPINE NEWS SERVICE — PHILIPPINE stocks tumbled yesterday, erasing the key index’s gain this year, after reports showed that losses on US home loans were spreading and a housing slump was worsening…
18 smuggled cars destroyed
PHILIPPINE NEWS SERVICE — The Bureau of Customs tore apart 18 smuggled vehicles using backhoes, but fell short of a Palace announcement that it would destroy luxury cars including a Lamborghini, a…
Bedol is out on bail
PHILIPPINE NEWS SERVICE — MAGUINDANAO election supervisor Lintang Bedol is again a free man. He was allowed to post P15,000 bail by the Commission on Elections a day after he was found…
GMA wants P500m released for drought
PHILIPPINE NEWS SERVICE — PRESIDENT Gloria Macapagal Arroyo has asked lawmakers to authorize the release of P500 million from the proposed 2008 National Budget to repair irrigation systems and dikes as a…
Manny faces yet another sticky issue with CA
PHILIPPINE NEWS SERVICE — AFTER resolving the issue of committee chairmanships, Senate President Manuel Villar faces another contentious issue: the representation to the bicameral Commission on Appointments. This developed after senators from…
RP forex reserves hit $27.9b
PHILIPPINE NEWS SERVICE — The gross international reserves rose to an all-time high of $27.9 billion at the end of July, exceeding the target for the end of the year, the Bangko…
Inflation rate is 2.6% in July
PHILIPPINE NEWS SERVICE — The year-on-year headline inflation, or the rate at which consumer prices have risen over a 12-month period, picked up to 2.6 percent in July from 2.3 percent in…
World Bank doubles loans to RP
PHILIPPINE NEWS SERVICE — The World Bank has committed to more than double the financial assistance to the Philippines to as much as $1.7 billion over the next two years from $805…
Atienza assumes DENR
PHILIPPINE NEWS SERVICE — Former Manila Mayor Lito Atienza yesterday took his oath of office as secretary of environment and natural resources before President Gloria Macapagal Arroyo in Malacañang. His induction belies…
Philippines to post 6% growth rate — IMF
PHILIPPINE NEWS SERVICE — THE Philippines will likely post nearly 6-percent economic growth in 2007 and 2008, but it must not rely too much on privatization but collect taxes more efficiently to…
Asean, partners discuss trade bloc scheme
PHILIPPINE NEWS SERVICE — SOUTHEAST Asian foreign ministers met yesterday with their counterparts from China, Japan and South Korea to discuss the creation of an East Asian economic community and progress in…
Bulusan erupts blankets Sorsogon with ash
PHILIPPINE NEWS SERVICE — BULUSAN Volcano spewed ash early yesterday, blanketing fields and villages as far as 5 kilometers away, but there was no immediate sign of a major eruption, scientists said….