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Wednesday, May 28, 2008

 

EDITORIAL

Business blues and the red-tape act

Editorial Cartoon

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On Monday, the Philippine government again received unsolicited advice from one of its biggest foreign benefactors, the International Finance Corporation (IFC): Be more business friendly to make your country more globally competitive and, for heaven’s sake, please start implementing the much-publicized Anti-Red Tape Act which the President signed on June 18, 2007.

The IFC is the World Bank’s investment arm for the private sector. This 2008-2009 fiscal year, it will lend Philippine business firms $564 million, which is more than four times the $130 million it loaned us for FY 2007-2008. The IFC loans will mainly be given to the infrastructure, agribusiness, power and financial sectors. These sectors are vital to the country’s socio-economic development and poverty-eradication effort, areas of business activity that are most in need of improvement.

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O T H E R   C O L U M N S  A N D  F E A T U R E S

 

BIG DEAL
By Dan Mariano

Skyrocketing oil prices, the fight over control of Meralco and other issues have consigned the rice-price shock, which first hit the country late March, to the inside pages.

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ENTHUSIASMS & FOREBODINGS
By Rene Q. Bas

The poet T. S Eliot wrote the play Murder in the Cathedral. One of the most memorable lines in theater literature is found there: “The last temptation is the greatest treason: to do the right deed for the wrong reason.”

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SUNDAY STORIES
By Marlen V. Ronquillo

Celebrations of environmental milestones often take the form of Mardi Gras. There is street dancing, outlandish paeans to Mother Earth, poetry and music.

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INSIDE CONGRESS
By Efren L. Danao

It looks like a case of the right hand not knowing what the left hand is doing. I am referring to the legislature trying to restructure socialized and low-cost housing loans while a joint venture involving a government housing corporation is foreclosing 52,000 housing units.

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BEIJING: The head of Taiwan’s ruling party arrived in China on Monday for the highest-level contact with the communist mainland’s leadership in 60 years.

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One of the historical errors being perpetuated in history textbooks and commemorative rites is the place where the Philippine flag was first displayed. One signboard in Cavite claims that the national standard was first raised in Alapan, Imus, Cavite, on May 28, 1898.

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Severino O. Frayna Jr., Benjie Dela Rosa
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