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Saturday, April 26, 2008 |
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Rice sufficiency effort costs govt P80 billion |
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Price tag equals 1% of economic output for 2008
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Government effort to ensure an adequate supply
of rice could come at a cost of P80 billion, or 1 percent of the
country’s economic output this year, UBS Investment Research said
Friday.
Edward Teather, UBS economist, said this tab
brought about by a supposed crisis in the country’s staple will
affect the government’s plan of ending a decade of budget deficit
by posting a balanced budget at the end of the year.
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O T H E R R E P O R T S
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Cheap bread saves day for hungry Pinoys
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The Department of Agriculture on Friday began distributing and
selling cheap bread in various bagsakan (drop-off) centers in Metro
Manila.
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Perez’s arrest order out, bail set at P30,000
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Warrants of arrest have been issued against
former Justice Secretary Hernando “Nani” Perez and three others
accused of corruption before the anti-graft court Sandiganbayan, The
Manila Times learned Friday.
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Makati court allows Misuari to post bail
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Nur Misuari, a Filipino Muslim rebel leader who has been under house
arrest while on trial for a failed 2001 uprising, was granted bail
Friday.
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Palace hails US bill on pension
for WW2 Filipino veterans
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Malacañang hailed the US Senate’s endorsement
of a bill that will provide pension to 18,000 Filipino veterans who
fought alongside American soldiers in the Philippines during World
War II.
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Meralco’s power rates poised
for another increase in May
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The rates of Manila Electric Company (Meralco)
are likely to go up again in May, when electricity use is projected
to peak.
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RP loses P3.5 billion to software ‘pirates’
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The country’s recording and entertainment software industries have
lost $69.4 million or P3.465 billion to intellectual-property
“pirates,” based on figures from 2000, a lawmaker said Friday.
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