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Saturday, June 27, 2009 |
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Economy to rebound
soon |
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NEDA expects more investors coming in |
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By Angelo S. Samonte, Reporter
The government sees slow but sure
rebound of the economy late this year despite dire prediction that
the country would experience recession before 2009 ends. “Well,
moving upward is the direction. And the current target of 0.8
percent to 1.8 percent [growth in the gross domestic product for
2009] means that from the 0.4-percent [growth in the] GDP in the
first quarter, we expect the economy to be moving upward when the
economy also rebounds,” Romeo Tungpalan, the deputy director
general of the National Economic and Development Authority, told a
press conference on Friday. GDP is the total value of goods and
services produced in a country in a year.
When asked if the country’s
economic managers also see the US economy slowly recovering,
Tungpalan said there are indications that it is recording some
gains. But, he added, the Philippines does not want to rely on those
indications.
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O T H E R R E P O R T S
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Pop icon Michael
Jackson dead at 50
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LOS ANGELES: Michael Jackson is
dead after suffering a cardiac arrest, sending shockwaves sweeping
across the world and tributes pouring in Friday for the tortured
music icon revered as the “King of Pop.”
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The Philippines’
‘Michael Jacksons’ mourn superstar
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The condolences have been pouring
in through Jojo Alejar’s Facebook page and mobile phone. Several
television news crew have come to interview him. That’s because
Michael Jackson is dead.
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Govt defends
Barbados ties
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THERE is nothing irregular with
the establishment of diplomatic relations between the Philippines
and Barbados since the Caribbean state is a sovereign country,
Malacañang said on Friday.
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DOJ sets rules on
organ sale, removal
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THE Department of Justice (DOJ)
has come up with implementing guidelines for the newly passed
Republic Act 9208, or the Anti-Trafficking in Persons Act of 2003,
which penalizes human trafficking for the purpose...
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Farrah Fawcett
dead at 62
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LOS ANGELES: Actress Farrah
Fawcett, best known for her role in television series Charlie’s
Angels, died Thursday after a long battle with cancer, her long-time
companion Ryan O’Neal said. She was 62.
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GMA unbeatable in
congressional race, says Palace
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President Gloria Arroyo would be
unbeatable in her home province of Pampanga should she decide to run
for congressman, a Malacañang official said on Friday.
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Lawmakers slam
Duque lapse on swine-flu info
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LEGISLATORS on Friday criticized
Health Secretary Francisco Duque 3rd for his alleged lapse in
judgment in withholding information on the country’s and Asia’s
first death from the Influenza A(H1N1) virus.
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Witness links Ruby
Rose’s husband to crime
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A witness to the murder of Ruby
Rose Barrameda-Jimenez has directly linked the victim’s estranged
husband, Manuel “Third” Jimenez 3rd, to the gruesome crime.
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MMDA chief:
Address job mismatch
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Saying the education system is
failing to produce the skills needed by the private industry,
Metropolitan Manila Development Authority Chairman Bayani Fernando
yesterday called for joint public-private collaboration...
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