Archive for September, 2008
Wednesday, September 10th, 2008
The Development Bank of the Philippines (DBP) is encouraging local government units (LGUs) to adhere to sound governance practices and establish financial credibility in order to get better access to the bank’s various financing facilities.
DBP president and chief executive officer Reynaldo G. David said the bank puts premium on LGUs ...
Posted in Finance, News Blogs | No Comments »
Tuesday, September 9th, 2008
The government is inclined to slash the subsidies given to the National Food Authority (NFA) and instead increase the subsidies given to other sectors.
Finance Undersecretary Jeremias Paul Jr. said the department agreed with Socioeconomic Planning Secretary Ralph Recto to cut the subsidies given to the NFA so the government could ...
Posted in News Blogs, Taxation | No Comments »
Monday, September 8th, 2008
Developing Asia
The Asian Development Bank has cut its 2009 growth forecast for the region’s developing economies to 7.6 per cent, citing tighter credit and soaring food and energy costs. It maintained the 2008 growth forecast for the region at 7.6 per cent, with China set to dip below five years ...
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