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Wednesday, July 09, 2008 |
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Palace approves fare hike
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Increase could take effect by Thursday or Friday –
LTFRB
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The National Economic and Development Authority
(NEDA) has approved the proposed P1-fare increase for public
transport, the agency’s acting director general, Augusto Santos,
reported Tuesday.
“The NEDA board has already approved the fare
increase based on the proposal from the Land Transportation
Franchising and Regulatory Board [LTFRB],” Santos said during a
press briefing in Malacañang.
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O T H E R R E P O R T S
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Soaring food, fuel prices
threaten world economy – G8
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TOYAKO, Japan: Leaders of the Group of Eight powers warned Tuesday
that soaring oil and food prices pose a “serious challenge” to
world economic growth, calling for boosted crude production
capacity.
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Oil trades higher in Asia,
as G8 leaders warn on soaring prices
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SINGAPORE: Oil prices rose in Asian trading on Tuesday while leaders
of the world’s rich industrial nations warned of the dangers of
soaring oil prices and called for an increase in oil production.
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Meralco executives snub
govt probe of estafa case
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Top executives of the Manila Electric Co. (Meralco)
snubbed on Tuesday the first preliminary investigation by the
Department of Justice of a large-scale estafa case filed against the
utility by a consumer group.
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Palace officials deflect
talks on shakeup at SSS
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Corazon de la Paz stays as president and chief
executive officer of the private pension fund, Social Security
System (SSS), a Palace official said Tuesday, denying talks that she
is leaving by the end of the month.
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Rights group hits Saudi
treatment of domestic help
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JAKARTA: Saudi Arabian families are abusing female migrant workers
to the point of slavery, and Riyadh needs to respond with sweeping
labor and justice reforms, a major rights group said Tuesday.
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FEATURE
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German host calls police
after guest talks for 30 hours
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BERLIN: A desperate German woman finally called emergency services
to rescue her after a friend visiting her at her apartment talked
for 30 hours straight, authorities said Tuesday.
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Lifting of VAT on oil to double
deficit
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Lifting the value-added tax (VAT) on oil would
double the projected budget deficit for 2008, the Department of
Finance said Tuesday.
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