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, Malacañang 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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