THE Philippine car industry has yet to recover from the Asian financial crisis as it still faces weak domestic demand and competition from used imported vehicles, the Philippine Institute for Development Studies (PIDS) said.
The National Government (NG) has raised its privatization target for 2008 as it expects to fetch better-than-expected prices for the assets on the pipeline.
The Japan-Philippines Economic Partnership Agreement is expected to cost the national coffers as much as P4.75 billion in the first year of its implementation, according to a study conducted by the Department of Finance.
It is not immoral under the law for a government employee to give birth out of wedlock if she and the father are not married to other people, the Supreme Court has ruled.
Chief Justice Reynato Puno introduced far-reaching reforms in the judiciary as 2007 was coming to a close, making authorities answerable to allegations of extrajudicial killings and enforced disappearances.
Over P35 billion in loans have been extended to various micro, small and medium enterprises (MSMEs) in 2007, generating nearly half a million new jobs, Malacañang said yesterday.
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