TODAY'S HEADLINES

EU High Representative Ashton visiting Philippines 25-Jul-14, 12:11 PM | InterAksyon.com

IMF cuts 2014 global growth forecast, sees rising risks 25-Jul-14, 8:17 AM | Jeremy Tordjman, Agence France-Presse

Phivolcs discovers dangerous earthquake zones in La Union 25-Jul-14, 4:13 AM | Philippine News Agency

UN rights panel tells Japan to compensate 'comfort women' 25-Jul-14, 5:47 AM | Stephanie Nebehay, Reuters

LRTA Board clears award of LRT1 Cavite Extension Project to Ayala-MPIC tandem 25-Jul-14, 12:23 PM | Darwin G. Amojelar, InterAksyon.com

Nancy, Grace want Abad to account for missing P90-B 'savings' 25-Jul-14, 6:25 PM | Ernie Reyes, InterAksyon.com Senator Binay says Abad may have survived grilling at the Senate Finance Committee inquiry, but the budget chief is 'not yet off the hook.'

Despite record economic growth, 'human development' yet to catch up in PH -- UN report 24-Jul-14, 5:48 PM | Rain Castro, InterAksyon.com The Philippines may be among Asia's fastest-growing economies, but 'human development' in the country is slow in improving.

Phivolcs discovers dangerous earthquake zones in La Union 25-Jul-14, 4:13 AM | Philippine News Agency The Philippine Institute of Volcanology and Seismology (Phivolcs) discovered on Thursday signs of possible dangerous earthquake and landslide zones in Barangay Nagyubuyuban in San Fernando City, La Union.

BUSINESS NEWS

IMF cuts PH economic forecast, warns of slower growth should gov\ IMF cuts PH economic forecast, warns of slower growth should gov't underspending continue The IMF cut its growth forecast for the Philippines to below the government's target, warning that a slowdown in spending creates downside risks.

Leisure Resorts spending P300M to expand chain of Bingo boutiques Leisure Resorts spending P300M to expand chain of Bingo boutiques LRWC plans to spend as much as P300 million this year to build more Bingo boutiques nationwide.

Macay Holdings on the prowl for beverage, food acquisitions Macay Holdings on the prowl for beverage, food acquisitions Macay Holdings Inc scouting for acquisitions and partnerships both here and across Asia to expand its beverage business and allow it to enter the food…

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Joker twits 'desperate' Abad for using Cory to justify DAP 25-Jul-14, 6:26 PM | Ernie Reyes, InterAksyon.com Former Senator Joker Arroyo scored Budget Secretary Abad for using the late President Cory Aquino's Reserved Control Account scheme to justify the DAP which the SC declared unconstitutional. In two cases where she lost in the high tribunal, Cory Aquino accepted the outcome with grace, said Joker.

Analysts still keep PH growth forecast despite SC ruling on DAP 25-Jul-14, 4:18 PM | Likha Cuevas-Miel, InterAksyon.com The Philippines' fast growth trajectory in the next two years is still intact despite the Supreme Court ruling that the controversial Disbursement Acceleration Program (DAP) is unconstitutional, local and foreign analysts said.

STATE OF THE NATION | Violence against women and children by the numbers 25-Jul-14, 12:30 PM| Tricia Aquino, InterAksyon.com Despite the Philippines' ranking fifth in the World Economic Forum's 2013 Global Gender Gap Index, the incidence of violence against women and children has continued to rise.

JPE ordered suspended for 90 days; Napoles transferred to BJMP 25-Jul-14, 4:17 PM| Trish Roque, News5 The Sandiganbayan 3rd Division hearing the plunder case against Sen. Juan Ponce Enrile has ordered his 90-day suspension from office, as sought by the Office of the Ombudsman.

At least 15 die in Israeli shelling of Gaza school, Palestinian toll exceeds 800 25-Jul-14, 1:09 AM| Nidal Al-Mughrabi and Allyn Fisher-Ilan, Reuters (UPDATE - 7:40 a.m.) Gazan authorities said Israeli forces shelled a shelter at a UN-run school on Thursday, killing at least 15 people, and subsequent strikes brought the total Palestinian death toll in the conflict to more than 800 after one of the bloodies days in the conflict.

SC disputes Henares' plaint on SALN; source sees 'fishing expedition' by BIR 24-Jul-14, 7:44 PM| Brian Maglungsod, InterAksyon.com The Supreme Court takes issue with the statement of BIR Commissioner Kim Jacinto-Henares that its justices are exempting themselves from the SALN requirements.

LRTA Board clears award of LRT1 Cavite Extension Project to Ayala-MPIC tandem 25-Jul-14, 12:23 PM| Darwin G. Amojelar, InterAksyon.com The board of LRTA has approved the award of the P64.9 billion LRT1 Cavite Extension Project to the Ayala-Metro Pacific joint venture.

#walangpasok | 9 long weekends to plan for in 2015 23-Jul-14, 2:34 PM| Dexter San Pedro, InterAksyon.com President Benigno Aquino III has signed Proclamation No. 831 declaring the regular and special non-working holidays next year. There will be at least nine long-weekends in 2015. Check the dates here.

 
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