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Sunday, April 24, 2005 (Philippines)

Arroyo warns of global recession
Two men are cleaning up the San Miguel Market as they gear for its re-opening. The municipality of San Miguel got back its public market property after the Regional Trial Court granted the writ of execution sought by Mayor Greg Villarico to repossess the market lot previously owned by the heirs of Francisco Medina. (Sun.Star Iloilo/Ramon Salvilla)
PRESIDENT Gloria Macapagal-Arroyo Friday warned of a world recession and possible increased terrorism if the rising prices of crude in the world market are not checked.

Arroyo issued the warning during her speech at the Asia-Africa Business Conference in Jakarta, Indonesia, where she called on leaders of the Asia Africa Summit to push for greater stability in oil prices in order to avert a "full-blown economic crisis."

[full story]

  Local News
Committee wants contractors to submit income tax returns
HOUSE Committee on Good Government Vice Chairman Jesus Crispin Remulla wants Francis Clyde Construction and Melvin Requinto to present their authentic Income Tax Return (ITR) before them during the next hearing.
[full story]


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