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Thursday, July 03, 2008 |
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Brace for high
inflation |
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June rate could reach high of 11.2 percent |
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By Chino S. Leyco Reporter
The worst is yet to come, as the
Bangko Sentral ng Pilipinas (BSP) predicted that consumer price
increases will peak in the coming two months before returning to the
single-digit level next year.
In a statement on Wednesday,
central bank Governor Amando Tetangco Jr. said inflation will start
easing only after the third quarter this year but that it will
likely return to single-digits in 2009.
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O T H E R R E P O R T S
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Even oil smugglers
hurting from price hikes
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Despite regular pump increases
that have driven fuel prices to record levels, the country’s
petroleum industry, believe it or not, supposedly is also taking a
beating from soaring crude prices.
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IMF warns spikes
in oil, food prices to worsen poverty
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WASHINGTON: Rocketing oil and
food prices are being increasingly felt around the globe and surging
commodity prices could worsen poverty in many poor countries, the
International Monetary Fund (IMF) warned.
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Govt eyes takeover
of Sulpicio, consults Justice department
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The government is open to taking
over operations of embattled ferry operator Sulpicio Lines Inc.
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Anwar tells huge
protest he’ll seize power in Malaysia
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KUALA LUMPUR: Malaysian
opposition leader Anwar Ibrahim has vowed to seize power from a
“corrupt” government at a rally of some 15,000 supporters as he
fights back against new sodomy accusations.
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World oil prices
hold above $142
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LONDON: Oil prices breached $142
per barrel again on Wednesday, nearing recent record highs, as
traders awaited the latest weekly snapshot on energy stockpiles in
the United States.
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SPECIAL REPORT
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Meet the
Packers–investor in Pagcor’s ‘Tourism City’
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The man behind Bloombury
Investment Ltd.’s supposed foreign partner has in recent months
launched aggressive moves to expand his inherited multibillion-dollar
gaming and media empire.
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Story>>
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