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Tuesday, July 08, 2008 |
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Govt downgrades
targets |
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Rising prices force officials to lower goals |
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By Chino S. Leyco, Reporter
Economic managers have decided to
revise their earlier estimates on the country’s imports, exports
and economic growth this year amid skyrocketing commodity prices.
The Development Budget
Coordinating Committee on Monday said it expects merchandise exports
to reach $51.8 billion, or a 5-percent increase from the same period
last year. This estimate, however, is lower than the original one
that forecast a 6-percent increase to $58.3 billion.
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O T H E R R E P O R T S
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Land degradation
affects 33M Pinoys
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The Food and Agriculture
Organization of the United Nations has released a study revealing
that land degradation is intensifying in many parts of the world and
33 million Filipinos are among the 1.5 billion people affected by
it.
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US, Russia clash
on missile defense at G8 meeting
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TOYAKO, Japan: US President
George W. Bush praised Russian President Dmitry Medvedev Monday as a
“smart guy” who means what he says, even as they clashed on US
missile-defense plans.
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Oil prices ease
but stay at higher rungs
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LONDON: Oil prices pulled lower
on Monday but remained at elevated levels after a long US holiday
weekend, as traders mulled an offer from crude producer Iran to hold
talks on its nuclear drive.
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Palace open to
mixing oil, religion
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The government is open to
reviewing the Oil Deregulation Law and the possible lifting of the
value-added tax, or VAT, on petroleum products, Press Secretary
Jesus Dureza said during a press briefing on Monday.
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Filipino physicist
wins Asean top science award
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A Filipino physicist who
pioneered in the Philippines research on cutting-edge photonics won
the top prize in an Association of Southeast Asian Nations (Asean)
Science and Technology competition.
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America’s door
open to Filipino students
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The United States seeks to
further strengthen ties with the Philippines through educational
exchanges between the two countries.
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Chiz happy for
Loren to take lead in 2010
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It is highly unlikely for Sen.
Francis “Chiz” Escudero to pull the rug from under Sen. Loren
Legarda’s feet in the presidential elections in 2010.
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