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Thursday, July 31, 2008 |
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Growth rate to skid to 4.8%
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S&P forecast much lower than govt’s
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Credit rating firm Standard & Poor’s
(S&P) projected that Asian countries, including the Philippines,
are likely to sustain economic growth in 2008 and 2009.
For the Philippines, though, S&P forecast a
slump to 4.8 percent in 2008 from 7.3 percent in 2007. The country
could slightly recover to 5 percent in 2010, the credit rating firm
said.
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O T H E R R E P O R T S
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Philippines caught up in WTO crossfire
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Small countries suffer as the United States and other world trade
giants fight, Philippine officials said on Wednesday after global
trade talks collapsed in Geneva.
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Oil prices bounce back above $123
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Oil prices rebounded slightly above $123 a barrel in London on
Wednesday as the market awaited weekly data on the health of energy
inventories in the United States.
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Govt tries to get back at stinging polls
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Irked by survey results that put President
Gloria Arroyo in a negative light, Press Secretary Jesus Dureza
asked the Marketing and Opinion Research Society of the Philippines
(MORES) to police its ranks against polling organizations that
misinform the public.
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Malacañang urges Congress
to reschedule ARMM elections
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Malacañang has sent a letter to lawmakers
certifying as urgent a bill that seeks postponement of scheduled
elections in an autonomous region in southern Philippines, Executive
Secretary Eduardo Ermita said Wednesday.
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China to limit online access
to journalists during Games
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Foreign reporters will not have complete access to the Internet
during the Beijing Olympics, Games organizers said on Wednesday,
reversing a pledge to bring down the Chinese firewall of censorship.
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Govt agencies offer to explain text mess
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The Department of Transportation and Communications and the National
Telecommunications Commission said on Wednesday that they are ready
to explain to Malacañang the apparent fiasco that resulted from the
50-centavo slash on text messaging rates.
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FEATURE
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President launches veggie
noodles for poor Filipinos
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President Gloria Arroyo, along with Go Negosyo
and Benguet State University, launched the first-ever,
vegetable-based canton noodles in the country on Wednesday at
Dagohoy Public Market, San Andres, Manila.
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