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Wednesday, July 04, 2007 |
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Palace pressed for bright ideas to avert slippage |
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Govt poised to miss
tax
collection targets this year |
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By Angelo S. Samonte, Reporter
MALACAÑANG will have to come up
with bright ideas on how to keep the government’s budget deficit
below ceiling, after recent estimates by its economic managers show
that the country would still suffer from a revenue shortfall even if
tax collection agencies manage to hit their targets in the second
half of the year.
A source from the Development and
Budget Coordinating Committee (DBCC), which sets the country’s
macroeconomic targets, said that a recent assessment made by the
interagency body showed that meeting collection targets in the
second semester won’t allow the government to attain its full-year
goal.
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 Full
Story>>
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Stock market posts
fresh record high
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PHILIPPINE share prices rose
Tuesday to another record finish as investors cheered a strong
showing on Wall Street overnight and looked forward to strong
upcoming quarterly results, dealers said.
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Full
Story>>
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BSP sees oil
prices going up until 2008
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OIL prices will remain high this
year and next, according to the Bangko Sentral ng Pilipinas (BSP).
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Full
Story>>
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Smart, Piltel subscribers hit more than 27 million
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First Pac to sell
more PLDT shares
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THE Hong Kong-based controlling
shareholder of Philippine Long Distance Telephone Co. (PLDT) wants
to sell part of its stake to fellow shareholder NTT DoCoMo by
year-end.
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Full
Story>>
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VIEWS FROM
A BRIT
By Mike
Wootton
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Polarization
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The Philippines has been well
polarized for a long time of course. Polarization in this particular
case being the gap between the wealth of the most wealthy and the
condition of the most poor.
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Full
Story>>
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