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By Lawrence Agcaoili
The Philippines overshot its fiscal goal in the first quarter of the year after incurring a record monthly budget deficit in March on the back of higher government spending and lower-than-expected revenue collections.
PNOC eyes oil pipeline from Bataan to M. Manila
By Alena Mae S. Flores
State-owned Philippine National Oil Co. and a foreign partner may put up a 45-kilometer petroleum pipeline that will link Metro Manila to the refinery of Petron Corp. in Bataan.
NFA bids out 80,000 mt of corn imports on May
By Othel V. Campos
The National Food Authority will bid out a contract to import 80,000 metric tons of corn on May 17, completing the total shipments of 200,000 mt required to fill in a supply shortage for the year.
By Elaine Ruzul S. Ramos
The Cement Manufacturers Association of the Philippines said it is not concerned over government’s call to contractors to import much cheaper cement given the high cost of the commodity in the domestic market.
Govt seeks P55b from sale of SMC, Meralco
The government hopes to raise at least P55 billion in additional revenues from the sale of its stake in food and beverage giant San Miguel Corp. and Lopez-controlled Manila Electric Co.
By Chin Wong
LEAVE it to Bill Gates. There’s a reason he’s the richest man in the world.
In a visit to China last week, he announced a program that would sell a $3 bundle of Windows XP and MS Office to governments in poor countries that subsidize computer purchases by students.
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