Bizlinks 8 April 2006
- Kudos to the police: For eliminating several notorious kidnappers these past few weeks.
- Moving the goalposts: The Philippines’ finance secretary proposes to move the government’s balanced-budget target to 2010, ostensibly in order to permit economic pump-priming.
- Misunderestimated: The country’s chief economic planner says yesterday’s Asian Development Bank report underestimates the Philippines’ economic progress.
- Corrosive: More articles from Davao Today regarding the hidden cost of the Filipino diaspora: Overseas Workers Benefit Least from ‘Strong’ Peso and Billions of OFW Remittance Destroy RP’s Basic Industries.
- The oil is not enough: World demand for this important commodity cannot be met – ever, or so a senior oil company executive says.
- Thumbs down: A Philippine employers’ association opposes a proposed law requiring employers to keep 80% of their work force as regular employees as being “oppressive.”
- How convenient: Today’s Malaya editorial predicts the administration will surely put the blame on the Senate for failing to pass the proposed 2006 national budget, never mind that the House only approved it scant days before both chambers go into recess.
- Holiday shopping in Thailand: Spending during the Songkran festival, otherwise known as the Thai new year, is expected to increase this year by 11% to 12%.
- Greedy for wood: Worldwide demand for Chinese furniture, combined with a logging ban in China itself, prompt unscrupulous manufacturers to pillage Myanmar’s forests.
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Bizlinks will take a holiday next week and will return April 17th.






