Banner stories of Manila's leading newspapers, Sunday, Sept. 6, 2015 - PH Trending

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Saturday, 5 September 2015

Banner stories of Manila's leading newspapers, Sunday, Sept. 6, 2015

EYE CATCHING HEADLINE STORIES:

BUSINESS MIRROR -- IMF says economy still 'favorable'
AMID relatively weaker growth, falling inflation and global volatilities affecting the local financial market, the Philippine economy is still deemed by the International Monetary Fund (IMF) as “favorable” at the time being—consequently lauding economic managers on their successful handling of the economy…

INQUIRER -- P-Noy OKs 5 big projects
Mr. Aquino presided over an eight-hour National Economic and Development Authority (Neda) board meeting on Saturday that approved private-public partnership (PPP) projects, including mass transport.
“President Aquino emphasized the importance of improving the infrastructure for sustaining long-term economic growth,” Communications Secretary Herminio Coloma Jr. said in a statement on Saturday.

MANILA STANDARD -- PETER QUITS 2016 BID
Cayetano opts for vice-presidential run
SENATOR Alan Peter Cayetano has given up his plan to seek the highest office in the land and will instead run for vice president, but he has still not decided under which party.
Speaking in Bacolod City on Friday, Cayetano said he really wants to run under the Nacionalista Party, but three other NP members are entertaining the possibility of running for vice president and voter preference surveys reveal a poor showing in the presidential race.

MANILA TIMES -- 'I have no grudge'
Enrile at peace with self, sees vindication
(Editor’s note: Shortly after his release on bail from more than a year of detention on charges of graft and plunder involving the Priority Development Assistance Fund (PDAF), 91-year-old Senator Juan Ponce Enrile gave The Manila Times chairman a glimpse into what life in confinement has been for him, his thoughts on his detention, freedom and politics ahead of the 2016 elections, in this exclusive interview at a hotel in Makati City.)

PHILIPPINE STAR -- No more new tax measures – Palace
MANILA, Philippines - The government is focused on improving its revenue collection and is not eyeing new tax measures, MalacaƱang clarified yesterday.
Presidential Communications Operations Office Secretary Herminio Coloma said that while the government acknowledges the need for more funds for better delivery of services, “a big-picture approach is essential so as not to lose focus on the importance of sustaining economic growth and consolidating the gains of good governance and sound economic management…”

MANILA BULLETIN -- HPG all for EDSA gridlock
The Philippine National Police-Highway Patrol Group (PNP-HPG) will strictly enforce the 30-second loading and unloading rule for public utility buses (PUBs) when it assumes the lead role in trying to untangle the horrendous traffic jam along Epifanio delos Santos Avenue (EDSA)…

TRIBUNE -- IMF: No inclusive growth under Noy
CHANGE IN FORMULA ON POVERTY RATE NOTED
Even with the help of a questionable revision of formula in computing the government poverty figure, the supposed inclusive growth is largely a failure under the term of President Aquino, the latest International Monetary Fund (IMF) country assessment showed.
The IMF report said factors underlying the slow rate of poverty reduction in the past include weak employment generation, structurally high underemployment, and slow technical change, caused in turn by low human and physical capital investment, weak competition, complex regulations and insecure property rights…

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