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P200-b stimulus plan hangs as Congress delays budget
By Joyce Pangco Pa?ares and Christine F. Herrera
THE government has identified 3,200 infrastructure projects, worth at least P60 billion, that it will implement in the first six months of the year as part of an economic stimulus package that aims to spur growth and generate at least 35,000 jobs.
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Frozen in time. A bundled tourist has her photograph taken with a cardboard cutout of US President-elect Barack Obama. BLOOMBERG |
US newspapers cash in on Obama inaugural
AMERICAN newspapers that scrambled to print extra issues after Barack Obama?s election are ramping up presses to ensure they don?t miss out on an inauguration day windfall.
Proposal to impose higher sin taxes gains Senate support
Manila hotels suffer decline in occupancy
Red Cross halts aid work in Sulu
Dismal results for banking giants
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P100-b pool lists 9 projects
By Elaine Ramos Alanguilan
The Philippine Chamber of Commerce and Industry has trimmed to nine the list of infrastructure projects that will be funded by the proposed P100-billion private-public partnership fund.
GSIS auto insurance scheme begins today
By Lawrence Agcaoili
State-run pension fund manager Government Service Insurance System is set to roll out its nationwide compulsory third party liability insurance scheme for motor vehicle starting today.
China?s Lifan Cars makes RP debut
Chinese car maker Chongqing Lifan Industry (Group) Co. Ltd of China will introduce to the Philippine market an affordable passenger car models popular in Latin America and Europe.
Huge BoP surplus expected this month
By Eileen A. Mencias
The Bangko Sentral said the Philippines will likely post a huge surplus in its balance of payments position this month after registering a surprising deficit of $287 million in December last year.
Mart to move sideways on more recession woes
The stock market is expected to move sideways this week, with investors monitoring developments overseas.
FCCP sinks under uncultural concerns
 THE matron-dominated Friends for Cultural Concerns of the Philippines is in danger of disintegrating after nine out of the 15 board members resigned last week over unresolved financial and personal disagreements.
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Realtors bounce back
By Rey Joble
THE defending champion Sta. Lucia Realtors finally showed up.
The Realtors made sure there were no second-half meltdown this time as they played consistent basketball all game long to wallop the Alaska Aces, 76-65, and reduce their best-of-seven semifinal deficit to 1-2 last night in the KFC-Philippine Basketball Association Philippine Cup at the Araneta Coliseum.
Pacquiao-Hatton talks moving forward
By Ronnie Nathanielsz
THE mega-buck showdown between Filipino ring icon Manny Pacquiao and Britain?s Ricky Hatton is getting close to being done after a period of back-and-forth negotiations on the revenue split appeared to move forward.
Khan wants Pacman as sparmate
BRITISH lightweight Amir Khan, who was scheduled to arrive in Los Angeles to begin training under Freddie Roach at his Wild Card Gym, is hoping that Filipino ring icon Manny Pacquiao can help prepare him for his showdown with Mexican legend Marco Antonio Barrera at the MEN Arena in Britain on March 14.
Pe?alosa waits for green light
WORLD Boxing Organization bantamweight champion Gerry Pe?alosa said he is waiting for approval by the WBO for a tune-up fight on Feb. 21 in Cebu prior to his planned April 4 WBO super bantamweight title showdown with Juan Manuel ?Juanma? Lopez in New York.
MacDonald anchors Tuason Racing sweep
Who will make it to PBA Finals
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Disini eyes deal with govt
By Macon Ramos Araneta
A FORMER golfing buddy of the late president Marcos who is facing a P51-billion ill-gotten wealth case together with Marcos? heirs has declared his willingness to consider a settlement offer from the government.
Herminio Disini, in an amended pre-trial brief he filed last Jan. 13 before the Sandiganbayan, said he ?is willing to listen to, and possibly consider, any reasonable offer from the prosecution.?
Angara, Roxas lock horns over projects
Senator Mar Roxas II has proposed a suspension of payments for right-of-way claims for infrastructure projects to augment funds that can be used to stimulate the economy and blunt the adverse effects of the global financial crisis.
But Roxas? proposal was quickly rejected by Senator Edgardo Angara, chairman of the finance committee, who warned that this would only derail the implementation of public works? projects.
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Judge fined for ignorance
The Supreme Court has penalized a woman judge from Muntinlupa City after finding her guilty of gross ignorance of the law and abuse of discretion.
In an en banc decision penned by Associate Justice Teresita Leonardo-de Castro, the Court found Branch 16 Judge Norma Perello of the Regional Trial Court guilty and fined P40,000 to be deducted from her retirement benefits.
Consortium to settle row with Dasma
Residents of Dasmari?as Village and the National Grid Corp. will work out an ?amicable solution? to a dispute over the Sucat-Araneta Balintawak transmission line across a section of Makati City.
Spokesman gets axed
The spokesman of Para?aque City Mayor Florencio Bernabe Jr. was fired for allegedly poking his nose into a P1.434-billion loan that the local government borrowed from Land Bank of the Philippines in the last quarter of 2008.
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