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Monday, June 09, 2008 |
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RP faces ‘perfect
economic storm’ |
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Growth slowing, inflation rising |
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The Philippine economy faces a “perfect economic storm” of
inflation at nine-year highs as food and oil prices soar, rising
interest rates
and slowing growth, analysts said.
They said inflation was unlikely
to ebb soon after hitting an annual rate of 9.6 percent in May,
leading the Bangko Sentral ng Pilipinas to hike borrowing costs on
Thursday for the first time since 2005.
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 Full
Story>>
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O T H E R R E P O R T S
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Inflation to peak
at 11% in June–BSP
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Inflation is expected to a peak
at 11 percent in June before it starts to decline in July, the
Bangko Sentral ng Pilipinas said.
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Soaring fuel
drives more to use MRT
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The number of people riding the
Metro Rail Transit-Line 3 (MRT-3) is forecast to jump by 9 percent
this year, driven by soaring fuel prices, an official of the Metro
Rail Transit Authority said.
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Story>>
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Clinton ends her
White House bid, endorses Obama
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WASHINGTON: Hillary Clinton has
thrown her full support behind Barack Obama, as she unequivocally
endorsed the Democratic White House presumptive nominee...
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NOTES & COMMENTS
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Obama candidacy:
Breaking barriers
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The Democratic primaries to
choose the party’s candidate in November’s presidential
elections has proved the effectiveness of Barack Obama’s political
strategy. At the beginning of the 10-month campaign,...
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GEMS OF HISTORY
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Koxinga and
Ternate
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In Cavite province, there is a
small town called Ternate located at the southern coast of Manila
Bay facing Corregidor Island.
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SPECIAL REPORT UP
CENTENNIAL
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UP militants
quieter but still passionate
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Five days before clas-ses start
Tuesday, the current crop of student leaders at the University of
the Philippines were planning their next moves with other members of
the National Union of Students of the Philippines.
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Story>>
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