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                    [Title] => Government mulls pretermination of debts to save on interest
                    [Summary] => The government is assessing its debts and contractual obligations to determine those that could be pre-terminated using future savings on interest expense and additional revenues. 


The National Government   is indebted by P3.86 trillion as of April, of which P1.803 trillion or 47 percent is owed to foreign creditors and P2.064 trillion or 53 percent to domestic creditors. 


                    [DatePublished] => 2005-11-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 295152
                    [Title] => NEDA mulls lower GDP growth target for this yr
                    [Summary] => Despite the lifting of the temporary retraining order (TRO) on the expanded value added tax (EVAT)  law, the National Economic and Development Authority (NEDA) is planning to scale down the government’s gross domestic product (GDP) growth target of 4.5 to 5.3 percent for the current year.


In a unanimous decision handed down last week, the Supreme Court ruled that the EVAT law was constitutional and it could take effect within 15 days. 


                    [DatePublished] => 2005-09-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] => Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 293758
                    [Title] => GDP growth seen slowing below 5% this year due to high oil prices
                    [Summary] => The country’s economic planners are now expecting gross product (GDP) growth to barely hit five percent in 2005, weighed down by the skyrocketing global price of crude oil. 


Last Friday, world oil prices closed at an all-time high of $67.28 to the barrel. Dubai crude, the benchmark source of imported fuels, also closed at a record $58.25 to a barrel. The country is a net importer of Dubai crude, over 30 percent of which is utilized for power generation.


                    [DatePublished] => 2005-08-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] => Ted P. Torres
                    [SectionName] => Business
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BUDGET SECRETARY ROMULO L

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                    [ArticleID] => 304697
                    [Title] => Government mulls pretermination of debts to save on interest
                    [Summary] => The government is assessing its debts and contractual obligations to determine those that could be pre-terminated using future savings on interest expense and additional revenues. 


The National Government   is indebted by P3.86 trillion as of April, of which P1.803 trillion or 47 percent is owed to foreign creditors and P2.064 trillion or 53 percent to domestic creditors. 


                    [DatePublished] => 2005-11-01 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Rocel Felix
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                    [ArticleID] => 295152
                    [Title] => NEDA mulls lower GDP growth target for this yr
                    [Summary] => Despite the lifting of the temporary retraining order (TRO) on the expanded value added tax (EVAT)  law, the National Economic and Development Authority (NEDA) is planning to scale down the government’s gross domestic product (GDP) growth target of 4.5 to 5.3 percent for the current year.


In a unanimous decision handed down last week, the Supreme Court ruled that the EVAT law was constitutional and it could take effect within 15 days. 


                    [DatePublished] => 2005-09-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] => Ted P. Torres
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                    [ArticleID] => 293758
                    [Title] => GDP growth seen slowing below 5% this year due to high oil prices
                    [Summary] => The country’s economic planners are now expecting gross product (GDP) growth to barely hit five percent in 2005, weighed down by the skyrocketing global price of crude oil. 


Last Friday, world oil prices closed at an all-time high of $67.28 to the barrel. Dubai crude, the benchmark source of imported fuels, also closed at a record $58.25 to a barrel. The country is a net importer of Dubai crude, over 30 percent of which is utilized for power generation.


                    [DatePublished] => 2005-08-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] => Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

Government mulls pretermination of debts to save on interest

By Rocel Felix | November 1, 2005 - 12:00am

The government is assessing its debts and contractual obligations to determine those that could be pre-terminated using future savings on interest expense and additional revenues. The National Government is indebted...

Business

NEDA mulls lower GDP growth target for this yr

By Ted P. Torres | September 5, 2005 - 12:00am

Despite the lifting of the temporary retraining order (TRO) on the expanded value added tax (EVAT) law, the National Economic and Development Authority (NEDA) is planning to scale down the government’s gross...

Business

GDP growth seen slowing below 5% this year due to high oil prices

By Ted P. Torres | August 28, 2005 - 12:00am

The country’s economic planners are now expecting gross product (GDP) growth to barely hit five percent in 2005, weighed down by the skyrocketing global price of crude oil. Last Friday, world oil prices closed...

Business