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Monday, July 07, 2008 |
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EDITORIAL
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Beyond losing face
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FILIPINOS’ fears about skyrocketing prices have proven valid, as
the average increase last month hit the double-digit levels,
accelerating to a 14-year high of 11.4 percent. Inflation was last
this high in May 1994, when price increases averaged 11.5 percent.
What many news reports failed to highlight is
that last month’s inflation rose by nearly 500 percent from only
2.3 percent a year ago. Price increases last year averaged a 21-year
low 2.8 percent. With the unrelenting surge in prices, year-to-date
inflation already averages 7.6 percent, or well above the government
target of between 3 percent and 5 percent.
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O T H E R C O L U M N S A
N D F E A T U R E S
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BIG
DEAL
By Dan Mariano
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‘Soul-picio’
takeover
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For a while there it seemed like the Palace had caved in on the
Sulpicio Lines issue.
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Full
Story>>
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OPEN
NOTEBOOK
By Random Jottings
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Ayala nabs $119-million
US Embassy contract
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AFTER what visiting US State Department’s Jay Hicks officially
described as a “rigorous international bidding process,” a
$119-million contract to build the new look US Embassy on its
existing seafront compound in Roxas Boulevard has been awarded to
the Makati Development Corporation (MDC), the construction arm of
Ayala Land.
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ENTHUSIASMS
& FOREBODINGS
By Rene Q. Bas
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Sarkozy, Tibetans and
the Olympics
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THE news says the Dalai Lama’s two representatives to the meetings
on Tuesday and Wednesday with Chinese officials in Beijing were
disappointed.
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INSIDE
CONGRESS
By Efren L. Danao
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Chiz talks about
2010–Is he or isn’t he running?
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Sen. Chiz Escudero, who placed second in the 2007 election, is
always high up in surveys on people’s choice for both president
and vice president. This reminds me of Noli “Kabayan” de Castro
in 2003, when he also figured prominently in surveys for the top two
elective posts.
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DOUBLE
TAKE
By Eric F. Mallonga
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International
criminals
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PHILIPPINE military and police officials who have aggressively
assaulted militant activists and prominent opposition leaders in
covert operations comprising torture, enforced disappearances...
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ANALYSIS
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Mediterranean entrepreneurs
upbeat over proposed union
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PARIS: Only days to its official launch, the proposed Union for the
Mediterranean (UPM) is already raising hopes among entrepreneurs who
see it as medium to promote growth, both in the north and south, but
Europeans remain reluctant to invest in the Mediterranean basin.
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