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By Lawrence Agcaoili
The Bangko Sentral expects remittances of migrant Filipino workers to stay flat at $16.4 billion this year due to global recession after expanding nearly 14 percent last year.
Part of San Lazaro racetrack now an ecozone
By Jenniffer B. Austria
The Philippine Economic Zone Authority has declared a portion of the former San Lazaro racetrack in Sta. Cruz, Manila, owned by Manila Jockey Club Inc., special economic zone.
Revenue goals cut; budget gap increased
The Finance Department has trimmed the combined collection goals of the Bureau of Internal Revenue and Customs by P85 billion in light of the full impact of the global economic meltdown this year.
Private sector to import 300,000 MT of rice—Yap
By Othel V. Campos
The government will allow the private sector to import 300,000 metric tons of rice this year, the Agriculture Department said yesterday.
PNOC Exploration sale set not later than Q3
By Alena Mae S. Flores
The government plans to sell 40 percent of state-owned PNOC Exploration Corp. not later than the third quarter, Finance Secretary Margarito Teves said yesterday.
Wincorp executive ends life; SMC’s controversial investor
By Ray S. Eñano
The banking community knew almost everything about investment banker Antonio Ong, from his stint as executive vice president of First Metro Investment Corp. to his ascendancy as president of controversial Westmont Investment Corp., or Wincorp.
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