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Saturday, April 26, 2008 (Philippines)

Paras named as new PNOC chairman

THE President has appointed former Negros Oriental 1st district congressman Jacinto "Jing" Paras as chairman of the government-owned Philippine National Oil Company (PNOC)-Exploration Corporation.
[ full story ]

	Local News
Arroyo signs pact for massive planting of Jatropha PRESIDENT Gloria Macapagal-Arroyo on Friday signed a joint venture agreement with the European Firm Global Tree Trust and Herminio Teves Company, Inc. for the massive planting of jatropha in Tamlang Valley. [full story]
Gov't to lose P5 million a year on tax exemption IF A tax exemption will be implemented, the National Government stands to lose at least P5 million a year, said Finance Secretary Margarito Teves. [full story]

	Business
Arroyo promotes NegOr's major tourism spots

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