Good News....

[grabehbebe]

To all comapnies who were unable to pay their TAXES at the right time and those who never pays taxes, the BIR has told and implemented a new guidelines to all the new corporations who has been registered and approved by the SEC, they will be now issued a pre-regenerated TIN numbers, this is to monitor tax violators with the association of the Department of Finance (DoF), Bangko Sentral ng Pilipinas (BSP), Bureau of Customs (BoC), Local government units (LGUs), Commission on Audit (CoA), Philippine Overseas Employment Agency (POEA), Land Transportation Office (LTO) and Land Transportation Franchising and Regulatory Board (LTFRB).

With this new rule, the SEC is confident that with the help of other agencies, the improvement in doing business here in our country will improve.

[omad]

__________________________________________________ __________________________________________________
Sunday, October 01, 2006
Exports propped up Central Visayas economy
By Aledel Gonzalez-Cuizon
Sun.Star Staff Reporter

THE economy in Central Visayas “expanded further” in the second quarter of this year, thanks to a boost in construction, export, tourism and retail trade.

The construction industry, in particular, did well despite the rise in construction materials’ costs, quite a change from its “sluggish performance” in the past two to three years.

The stable peso was also a factor in the “positive performance” of the industry.

According to the National Economic Authority (Neda) Regional Economic Situationer (RES), high demand for residential units, tourism, and expansion of the information and communication technology sector triggered the growth.

The information technology (IT) sector also performed well, with a surge of IT-enabled services and IT product exports that posted the highest earnings in the first half of the year.

The RES is a Neda 7 quarterly report aimed at providing preliminary performance information of the region’s economy, while the Regional Income Accounts of the National Statistical Coordination Board is still being prepared.

full story
__________________________________________________ __________________________________________________

[nab_uang]

Study confirms big Philippine copper deposit
Mon Oct 2, 2006 7:16am ET
http://yahoo.reuters.com/news/articl...mktNews&rpc=44


Australia's Indophil Resources NL (IRN.AX: Quote, Profile, Research) said on Monday a pre-feasibility study programme indicated that its Tampakan copper-gold project might be among the largest undeveloped lodes in the world.

The company said in a statement that the study confirmed Tampakan as a world-class, two-billion-tonne deposit, containing 11.6 million tonnes of copper and 14.6 million ounces of gold.

It also indicated potential to increase the mineral resource within the project area, it added.

[merlion]

Thats gud!

[baron]

The revenue target for privatization this year is around P500M. As per the news, we have far exceeded the revenue target. From January to August, the revenue for privatization already amounted to about P867M mainly due to the government's continuing fiscal reforms.

The government should sustain these kind of improved revenue collections in as much as the other government collecting agencies such as BOC and BIR also performed well in terms of revenue collection.

[kamikaze426]

http://www.philstar.com/philstar/News200610030401.htm

Peso rises to 49.95:$1
By Des Ferriols
The Philippine Star 10/03/2006

With the country still reeling from the ravages of last week’s typhoon, the peso surged on pent-up momentum yesterday, touching 49.95 to the dollar for the first time in four years before closing at 50.01 to the greenback.

The peso opened strong at 50.02 with almost $420 million changing hands in the first half of the trading alone. Volume at trading’s close reached $598.70 million.

Traders said the market had accumulated foreign exchange over the two-day forced holiday, courtesy of typhoon "Milenyo," and needed to unload this week.

But Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco said it was the country’s strong economic fundamentals that underpinned the peso’s strength in the past weeks.

"Our fiscal position is improving and the inflation outlook is positive," Tetangco said.

He said remittances from overseas Filipino workers as well as investments are likely to further perk up the peso.

"These inflows are providing a boost to the local currency," Tetangco said.

Traders expected the peso to strengthen further to 49 to $1, barring unforeseen negative events.

But the strong showing of the peso also spurred fresh worries especially among exporters who feared that the currency’s steady rise would erode their competitiveness vis-a-vis other exporting countries in the region.

The BSP has repeatedly ruled out intervening in the market except in extreme cases or when the currency is highly volatile.

Analysts have been expecting the peso to test the 50 to $1 level, especially after breaking past 50.50 to the dollar early last month.

Tetangco said the appreciation of the peso only looked damaging when taken in isolation. When compared to the rest of the region, however, he said the peso was in sync with the currencies of similarly situated economies in the region.

Tetangco said the peso has appreciated by 4.6 percent since January as against Thai baht’s 9.3 percent and Indonesian rupiah’s 8.3 percent.

The Korean won and the Singapore dollar, he said, rose by 5.1 percent and 5.8 percent, respectively.

"This means that relative competitiveness is more or less the same since everyone is moving in generally the same direction," he pointed out.

[grabehbebe]

US government will be giving $125 million (P6.25 billion) for the improvement of the our Health Sector. Officials said that this is also covered to the bilateral agreement made by US Ambassador Kristie Kenney and Health Secretary Francisco Duque III on Sept. 27.

Thanks for the friendly countries who never stop on looking after us. This would really help alot, much more this time weather changes. :mrgreen:

[baron]

Our inflation rate for September goes down to 5.7% this September. This sounds good for the economy as we continue to experience economic gains with the continuous appreciation of peso and bullish stock market.

Hopefully, we'll sustain this kind of momentum as we push through for more economic and fiscal reforms.

[grabehbebe]

US embassy made it easier for those who want to apply for US-VISA its process of getting VISAs. We can now fill up an application form of VISA through internet by downloading the form and its for free. This is to replace the old and the long process of applying a VISA and for the conveniencce of the applicants. The emabassy said The embassy said applicants will spend much less time in the consular section on the day of their interview since they won’t have to wait for embassy staff to manually collect information from handwritten or typed applications.

[grabehbebe]

This one is really good news. DBM will be filing a Law for a Salary Standardization that would benefit all. This time it’s not just only pay hike but would also make the salaries of more than 1 million government workers closer or par with those in the private sectors. DBM has allotted P10.3 billion for the wage increase but the total expenditure program for the salary standardization over the next four years id almost P100 billion.

Isn’t this really good news? After all, this is what every body wants, most especially those who are in most needs. Like those who has stable jobs right now but still wanting to go abroad just to earn more. I think the government is realizing how much we need improvements in our daily lives. But still, we need some actions here.