Bacolod Vice Mayor Jude Thaddeus Sayson yesterday appealed to the businessmen not to put political color on the Tax Ordinance issue.

Sayson said he was not threatened by the statement of a businessman that they will mark public officials who will insist on implementing the new rates under the New Tax Code during the election period.

However, he was surprised that they held a press conference when the city was still having ongoing dialogs with them on the matter, he said.

BSP hikes inflation forecast

MANILA – Monetary officials revised upwards the average inflation forecast for this year and 2013 due to combined impact of higher oil prices and weather-related disturbances, a government press release said.

The central bank’s policy-making Monetary Board raised yesterday the average inflation forecast for this year to 3.4 percent from 3.1 percent and the 2013 figure to 4.1 percent from 3.4 percent last July.

BSP Deputy Governor Diwa Guinigundo noted that amid the increase in the average inflation forecast for this year and the next the latest figures remain within the three to five percent target for this year until 2014.

TLDC profits dip by 9.13%

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