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Tuesday, July 22, 2008 |
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Tax relief damaging–WB
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Break signaled giving up on fiscal targets
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A tax exemption granted recently by the
government to minimum-wage earners could damage the Philippines’
macroeconomic gains, the World Bank warned.
“I truly believe that the macroeconomic effect
of [the tax relief] will be more damaging because what would happen
is that the Philippines will signal that it would give up a little
bit some fiscal consolidation,” Bert Hofman, World Bank country
director for the Philippines, told reporters on Monday.
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O T H E R R E P O R T S
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Transport groups to gain
access to affordable CNG
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The government, Pilipinas Shell Petroleum Corp.
and the Lopez Group have initiated talks on the possibility of
converting an existing oil pipeline that will make compressed
natural gas (CNG) available to the transport sector.
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Palace probes price gouging by oil firms
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The government began on Monday an investigation of allegations that
oil companies are manipulating oil prices by hiking them almost
every week.
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Pasig River ferries pull in
cost-wary Pinoys in droves
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Commuters have taken to the water in their attempt to beat the high
cost of moving around in Metro Manila, the National Capital Region.
They have turned to the Pasig River ferries that are visibly an
alternative to travel by bus, jeepney or train.
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FEATURE
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Warning: That fuel-saving
gadget may be a lemon
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A group of local inventors has warned the public
against supposedly fuel-saving gadgets and advised potential buyers
to check first if such inventions have been certified as such by
concerned government agencies.
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Deserving winners, big disappointments
in Cinemalaya film festival
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In the end, there was enough for everyone.
At the fast-paced recognition ceremony that
capped off yet another fruitful year for the organizers of the
Cinemalaya Independent Film Festival, the awards were distributed to
as many entries as possible.
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RP wildlife threatened or endangered
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THE Department of Environment and Natural
Resources said more than half of the endemic species of amphibians,
birds and mammals in the Philippines has been declared as threatened
or endangered.
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