THE National Economic and Development Authority
(NEDA) on Monday
said it would recommend a further reduction of the Philippines’
economic growth target for this year owing to costlier food and fuel
and a global slowdown.
NEDA Director General and Socioeconomic Planning
Secretary Ralph Recto said the Development and Budget Coordinating
Committee (DBCC) may further cut the country’s growth target to
between 5 percent and 5.5 percent.
DESPITE last month’s highly touted staging of the Second
Philippine International Motor Show, automotive sales in August
slid, according to the Chamber of Automotive Manufacturers of the
Philippines Inc. (Campi).
THE Bureau of Internal Revenue (BIR) announced on Monday that it may
be unable to meet its tax collection target this year due to a new
law that exempts minimum-wage earners from the withholding tax.
THE head of the government’s investments promotion agency is
blaming Filipinos for the country’s failure to match the amount of
money investors pour into neighboring countries.
Continuing from last week’s column on the options available to
individuals who want to influence the ethical climate in their
organizations, we go back to the human resource (HR) officer of a
manufacturing company faced with the...
LOCAL share prices closed little changed Monday as investors locked
in early gains sparked by the US government’s bailout of two
ailing American mortgage giants, dealers said.
A JOINT venture between the Metrobank and Aboitiz groups has teamed
up with the power unit of the Consunji group for the electricity
requirements of Panay Island in the mid-western part of the
Philippines.
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