Eastern Visayas
and Mindanao will experience mostly cloudy skies
with scattered rainshowers and thunderstorms.
The rest of the country will have partly cloudy
to at times cloudy skies with isolated
rainshowers or thunderstorms mostly in the
afternoon or evening.
Fish vendors idly
wait for customers at a Manila market on Thursday,
concerned that surging prices of food had pushed the
inflation rate to 9.6 percent, the highest level in nine
years.
AFP Photo
Nine-year high caused bysoaring food, fuel prices
Soaring food and fuel prices
caused the inflation rate to surge to a nine-year high in May, the
National Statistics Office reported Thursday.
The record inflation rate sent
Philippine share prices closing at 1.97 percent lower, stoking
expectations of a hike in interest rates, dealers said.
Speaker Prospero Nograles Jr.
assured on Thursday that the House of Representatives will approve a
bill extending the Comprehensive Agrarian Reform Program (CARP) for
another five years before the chamber’s adjournment next week.
House to cooperate with Local Government department
and UP to resolve land use issues
THE House of Representatives,
spearheaded by Speaker Prospero Nograles, together with the
Department of Interior and Local Government and the University of
the Philippines, have agreed to join forces to work for the ultimate
enactment of a National Land Use Code, which will serve as a guide
for the judicious and appropriate utilization of the country’s
land resources.
Itawes Mining Exploration argues it was deprived of
due process
THE Court of Appeals (CA) has affirmed the
validity of the mining claims of Olympic Mines and Development Corp.
over 2,212 hectares of land in the province of Palawan.
The Bangko Sentral ng Pilipinas (BSP) hiked its
interest rates by 25 basis points to prevent inflation from rising
further and hinted at further rate action this year to support price
stability.
CONGRESS is taking a break next week and a review of its work is
timely. We take a hurried look at some of the interesting bills that
are on the agenda that may or may not pass before the June 12
recess.
WASHINGTON: Hillary Clinton will abandon her White House bid on
Saturday and throw her support to Democratic rival Barack Obama, her
campaign said, after she bid an emotional farewell to her loyal
staff.
Bob Ong’s collection of books brings tears to
our eyes—tears of laughter, that is—with his own unique
concoction of reality and humor, “Bakit Baligtad Magbasa Ang Mga
Pilipino?” Mga Kwentong Barbero ni Bob Ong [Why does the Filipino
read in reverse? Barber’s Tales from Bob Ong].
