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COPYRIGHT 2005 Asia Pulse Pty Ltd
An executive briefing on the economies of Asia for Sept 28, 2005, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia based wire with exclusive news, commercial intelligence and business opportunities.
PHILIPPINES SENATOR PREDICTS INVESTMENTS TO FLOURISH IN 2 YEARS
MANILA - Investments and businesses will flourish in the next two years because the government is investing heavily in infrastructure projects in tandem with its program of putting its fiscal house in order, Sen. Ralph Recto said Tuesday.
Recto made the prediction after the 104th Legislative-Executive Development Advisory Council (LEDAC) meeting this morning at the Aguinaldo State Dining Room in Malacanang.
8% RISE IN WAGES OF GOV'T WORKERS INCLUDED IN PHILIPPINE BUDGET
MANILA - An eight per cent increase in basic salaries for government employes is incorporated in the proposed 2006 national budget, according to Philippine Budget Secretary Romulo Neri.
In his presentation of the proposed budget during the Legislative-Executive Development Advisory Council (LEDAC) meeting at the Aguinaldo State Dining Room of Philippine Presidential Palace Malacanang Tuesday morning, Neri said a total of P13.1 billion (US$233.1 million) has been provided for the adjustment in compensation of national government workers which would be no less than P500 per month per employe.
PHILIPPINE GOVT'S FISCAL POSITION EXPECTED TO IMPROVE IN 2006
MANILA - The Philippine government's fiscal position is expected to improve from 3.4 per cent of gross domestic product (GDP) in 2005 to 2.1 per cent of...
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