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Thursday, May 08, 2008 |
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Asians told to rein in prices
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Moody’s: $80-B Asean fund too unwieldy
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Asian economies should make a priority the immediate implementation
of measures to contain high inflation, instead of setting up a
foreign-reserve pool, the US-based credit rating firm Moody’s
Investors Service said.
Member-countries of the Association of Southeast
Asian Nations (Asean) are in talks for an $80-billion
foreign-reserve pool with China, Japan, and South Korea, with the
three larger Asian economies expected to make bigger contributions.
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O T H E R R E P O R T S
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$200-per-barrel oil feared
as crude hits fresh record
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Record-breaking oil prices have sparked widespread international
concern among consumer nations amid predictions that they could rise
perhaps as high as $200 per barrel.
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Govt mulls discounts on
residential Meralco bills
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In an effort to alleviate consumers’ plight
amid the soaring prices of commodities, the government is
considering offering discounts on residential power rates similar to
what industries are enjoying at present.
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Malacañang gives up rice to private
sector
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President Gloria Arroyo issued an order early
this month that encourages large firms to provide rice for their
employees through production or importation.
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Panay in ancient Chinese records
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Two places in Panay appeared in early
17th-century Chinese records: Hamtic and Ogtong.
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Obama nears presidential nomination
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RALEIGH, North Carolina: Barack Obama declared himself within
striking distance of the Democratic presidential nomination Tuesday
after trouncing Hillary Clinton in North Carolina, while the latter
eked out a slim win in Indiana.
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Esperon to revamp top brass
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The Armed Forces chief, Gen. Hemogenes Esperon
Jr., on Wednesday disclosed that there will be changes from top to
bottom in the military during the second half of the year. He is set
to retire from the service this month.
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