By Maila Ager
While commending the country’s economic growth in the second quarter of the year, Senate President Franklin Drilon warned that a “sharp drop” in government spending, if not addressed immediately, could pull down overall growth and make the full-year 6.5% to 7% growth “unattainable.”
Australian tycoon Clive Palmer on Tuesday apologized for calling the Chinese government “mongrels” who “shoot their own people” after a fierce backlash from Beijing and politicians in Canberra.
By TJ Burgonio
Given that President Benigno Aquino III has expressed openness to Charter change, lawmakers could convince him to take a look at lifting the restrictive economic provisions in the 1987 Constitution, Budget Secretary Florencio Abad said Wednesday.
By Amy R. Remo
Saying that the continuous implementation of the expanded truck ban in Manila and Joint Administrative Order (JAO) No. 2014-01 against colorum trucks may adversely affect the country’s economic growth, an official of the Philippine Chamber of Commerce and Industry (PCCI) has urged the government to put on hold the implementation of the two policies until the end of the year.
By Gil C. Cabacungan
, Leila B. Salaverria
The biggest opponents of a second term for President Aquino through a constitutional amendment are his principal allies in Congress, Speaker Feliciano Belmonte Jr. and Senate President Franklin Drilon.