Archive for the ‘News Blogs’ Category

Enrile to keep finance committee for now

Thursday, November 20th, 2008

MANILA, Philippines -- Senate President Juan Ponce Enrile said he would stay on as chairman of the finance committee until the proposed P1.4 trillion budget for 2009 is approved in the Senate. Enrile said he would also head the committee on accounts, contrary to Senator Panfilo “Ping” Lacson’s claim that he ...

RP in better position to face meltdown – IMF

Friday, September 19th, 2008

Fiscal reforms have improved the Philippines’ capability to face the global economic meltdown, but more reforms are needed, the International Monetary Fund (IMF) said yesterday. “The Philippines is in a better position to face this crisis because of fiscal reforms undertaken by the government in 2005-2006,” IMF Resident Representative Reza Baqir ...

WORLD BANK SAYS RED TAPE IS HOLDING THE PHILIPPINES BACK

Thursday, September 11th, 2008

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has advised the Philippines to speed up the completion of reforms intended to make its environment more conducive to business. The recommendation came following the release of its survey results on "Doing Business 2009" indicating Philippine overall ...