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Friday, July 11, 2008 |
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Direct investments plunge
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First four months see 43.5% decline, says central bank
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Foreign direct investments in the Philippines plunged 43.5 percent
from a year earlier to $820 million in the four months to April, the
Bangko Sentral ng Pilipinas reported Thursday.
April’s figure, however, rose more than
four-fold from a year earlier to $269 million, a statement from the
central bank said.
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O T H E R R E P O R T S
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DOE keeps close eye on pump prices
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A day after an independent oil firm initiated a
rollback in gasoline prices, the Department of Energy warned that it
will be closely monitoring oil firms’ pump adjustments to make
sure these are solely driven by “market forces.”
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MRT extends peak hours for commuters
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The Metro Rail Transit Authority (MRTA) on
Thursday said it will extend the peak-hour period at Metro Rail
Transit (MRT) Line 3, with additional trains starting on Monday to
decongest hordes of passengers in the rail system.
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Oil tax omitted in bishops’ dialogue with GMA
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President Gloria Arroyo and Roman Catholic bishops met Wednesday
night in Malacañang and discussed reproductive-health issues, not
the controversial expanded value-added tax (E-VAT), Press Secretary
Jesus Dureza said.
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World body predicts easier
oil market conditions next year
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PARIS: Tension on oil markets is set to ease early next year amid a
US slowdown, the International Energy Agency (IEA) forecast on
Thursday, noting strong output by OPEC this year.
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Filipino seafarers
seen as ‘world-class’ –
Ang
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MARIVELES, Bataan: Filipino seafarers are a
league all their own, according to a member of President Gloria
Arroyo’s Cabinet.
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Jesse Jackson says sorry to
Barack for ‘crude’ remark
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WASHINGTON: Civil rights leader Reverend Jesse Jackson apologized to
White House contender Barack Obama for making a “crude” remark
about him, which was picked up by a live television microphone.
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SSS job ‘not a gift’ from President–Neri
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Incoming Social Security System (SSS) President Romulo Neri on
Thursday brushed aside reports that his latest appointment was a
“political payback” and a “gift” from President Gloria
Arroyo for his continued silence over the botched $330-million
national broadband deal with China’s ZTE Corp.
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