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Wednesday, April 02, 2008 |
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Rice subsidy ruinous–WB
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Policy cost govt 1.6% of GDP in 2000 to 2005
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THE World Bank estimated that the country’s rice-subsidy policy
cost the government an average of 1.6 percent of its economic output
in 2000 to 2005.
In its report East Asia: Testing Times Ahead,
the Washington-based lender warned the Philippine government and its
neighboring countries to avoid universal subsidies as they can
quickly become fiscally ruinous.
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O T H E R R E P O R T S
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Govt lifts truck ban
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The Department of Transportation and
Communications (DOTC) has lifted the truck ban in Metro Manila
during rush hours as a remedy to supposedly impending increases in
prices of basic commodities.
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Major fast-food companies
to serve half-cup rice
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TOP Philippine fast-food chains have agreed to offer half servings
of rice amid a supposedly looming shortage in the country’s rice
supply, media reports said on Tuesday.
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Kuwaiti court affirms OFW’s death sentence
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The Philippine government on Wednesday pledged
to exhaust all means to save the life of May Vecina, a 28-year-old
Filipina from North Cotabato after the Kuwait high court affirmed
her death sentence.
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FEATURE
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Two Pinoy teen artists win top intl honors
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Two young Filipino artists took home top honors
in an international picture contest held in Japan recently.
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Chinese firm to invest $2B in ‘Boni,’ Samar
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A Chinese company engaged in property
development has pledged a $2-billion investment in the Philippines,
President Gloria Arroyo announced on Tuesday during the second day
of her Hong Kong visit.
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Lozada fails to attend CA hearing
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SENATE witness Rodolfo Lozada Jr. failed to
appear Tuesday before the Court of Appeals (CA) for the continuation
of the hearing on his petition for a writ of amparo.
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SPECIAL REPORT:
SCIENCE AND TECHNOLOGY
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BPI-DOST Awards: Private initiative
in the service of public good
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Now on its 19th year, the annual BPI-DOST
Science Awards are given to outstanding students from all over the
country who have excellent research projects in mathematics,
physics, engineering, chemistry, biology, and computer science.
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