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Friday, March 07, 2008 |
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Oil reaches record,
nears $105/barrel |
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SINGAPORE: Oil edged close to
$105 a barrel in Asian trade on Thursday, touching another new
record high after an unexpected drop in US stockpiles and OPEC’s
rejection of calls to increase output.
Dealers said the continued
weakness of the dollar was also helping drive crude prices, which
have hit a string of records and led US President George W. Bush to
urge the OPEC cartel to boost production.
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O T H E R R E P O R T S
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SC: Senate Can’t
Arrest Sec. Neri
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The Supreme Court, not the
Senate, will still have the last word on the matter of Romulo Neri.
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Lacson has
‘new’witness in Senate broadband probe
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A new witness with insider
knowledge on the sharing of the alleged $41-million advances on the
national broadband network project will appear at the continuation
of the Senate inquiry into the project this Tuesday,...
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Graft, politics,
poor tax collection make poverty worse–ADB
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The Asian Development Bank (ADB)
on Thursday said rampant corruption, political instability and poor
revenue collections are the main culprits in the country’s
worsening poverty incidence.
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Two Tsinoy tycoons
on Forbes’ billionaires’ list
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Two Chinese-Filipino
entrepreneurs are included on Forbes magazine’s billionaires’
list in 2007: airline and tobacco tycoon Lucio Tan and shopping mall
magnate Henry Sy.
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ANALYSIS
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Analysts link
corruption to ODA problems
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A 2006 perception survey
conducted by the Asian Development Bank (ADB) in Indonesia and the
Philippines shows that 82 percent of respondents feel “corruption
is to blame for waste in ODA.”
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