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Monday, June 02, 2008 |
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EDITORIAL
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BSP’s worrisome warning
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THE Bangko Sentral ng Pilipinas’ (BSP) warning that inflation is
nearing the double-digit territory is cause for worry. This means
the government can no longer rely on monetary authorities to help it
prop up the economy at a time when the Philippines’ biggest export
market, the US, is slowing down.
Up until a few months ago, the BSP had been
cutting its interest rates in a bid to support domestic economic
expansion, providing a cushion to any adverse impact from a possible
US contraction. Lower rates would encourage businesses and
households to borrow more money, driving up capital investment and
consumer spending, two key pillars of Philippine growth. They would
offset the dampening effect of weak shipments to the US.
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O T H E R C O L U M N S A
N D F E A T U R E S
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BIG
DEAL
By Dan Mariano
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Shorter workweek
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The oil companies pulled yet another fast one over the weekend. They
raised the retail prices of gasoline, diesel and kerosene by P1.50
per liter—effective on the first predawn minute of Saturday when
hardly any of their customers were awake for a quick fill-‘er-upper
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OPEN
NOTEBOOK
By Random Jottings
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Food crisis works in Winston Garcia’s favor
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WHEN Government Service Insurance System (GSIS) President Winston
Garcia walked —no, make that marched—into the gladiatorial arena
that was the auditorium of the Meralco Theatre for the shareholders
meeting...
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ENTHUSIASMS
& FOREBODINGS
By Rene Q. Bas
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Pictures in a Nokia
6630
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This dear Filipino friend was teary-eyed over lunch in Hong Kong 's Landau Restaurant more than 20 years ago. His 22-year-old daughter was getting married to a German banker.
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INSIDE
CONGRESS
By Efren L. Danao
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Join the Senate and
become a Super Model
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With the increasing number of senators engaged in product
endorsements, the Senate has become a rich source of future Super
Models.
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DOUBLE
TAKE
By Eric F. Mallonga
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Meritxell
Children’s World
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MERITXELL is a quaint sanctuary town in landlocked Principality of
Andorra, nestled in the Eastern Pyrenees Mountains straddling the
borders of Spain and France.
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ANALYSIS
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Police tone down Thai PM’s fighting words
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BANGKOK: Thai police eased their stance against
an anti-government rally late Saturday, saying they had no plan to
break up thousands of protesters despite stern threats from the
prime minister.
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