THE Philippine government’s
biggest revenue-generating agency said it is unlikely to meet its
August collection target.
Bureau of Internal Revenue (BIR)
Commissioner Lilian Hefti said the agency would fall short of last
month’s P90-billion goal due to the implementation starting July
of the withholding tax exemptions of minimum-wage earners.
THE peso continued to weaken on Wednesday due to the
strength of the US dollar following the decline in global oil prices
and the increase in corporate demand for the greenback.
THE central bank’s sustained increase in its key
interest rates is unlikely to dampen bank lending this year,
according to the Bangko Sentral ng Pilipinas (BSP).
THE Bangko Sentral ng Pilipinas (BSP) said the
country’s gross international reserves (GIR) would climb further
next year due to strong remittances from overseas Filipino workers (OFWs).
SINGAPORE: Oil prices fell in Asian trade Wednesday
as the US government announced the release of oil from its strategic
reserve to help with recovery efforts after Hurricane Gustav.
THE Energy Regulatory Commission (ERC) has allowed
Lopez-controlled Manila Electric Co. (Meralco) to recover only a
portion of the generation-related under recoveries it wants to
recoup from consumers.
PHILIPPINE education officials are looking to the
business sector for support in raising the quality of learning in
the country, citing the paucity of the annual budget allotted to the
Department of Education.
Full
Story>>
