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PHILIPPINE NEWSPAPER HIGHLIGHTS - MARCH 3, 2005.

Asia Africa Intelligence Wire

| March 03, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Asia Pulse)

MANILA, March 3 Asia Pulse - Highlights of today's newspapers:

MANILA TIMES:

- The government will elevate to the Supreme Court a recent Court of Appeals decision ordering a P1.035-billion refund in excise taxes paid by Lucio Tan-owned Fortune Tobacco Corp.

- The clamor for an upward adjustment in transport fares could bid up prices and trigger higher interest rates, a Bangko Sentral ng Pilipinas official warned on Wednesday.

- The Philippine automotive industry is renewing calls for an extension until 2010 of the existing Most Favored Nation (MFN) tariffs on vehicles. MFN tariffs, which are imposed on products …

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