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Thursday, October 02, 2008 |
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‘Tighten your belts’ – GMA |
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Look for opportunities in US crisis – Speaker |
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By Ma.Ester L. Espina, Correspondent
BACOLOD CITY: Amid the US financial crisis that is creating ripples
around the globe, President Gloria Arroyo on Wednesday urged
Filipinos to tighten their belts while the government wages
“battles in all fronts” to insulate the Philippines.
“We will not be complacent, and [we will]
continue to monitor the global situation, while at the same time
improve our fiscal management and set mitigating measures to
insulate the economy in this volatile global situation,” President
Arroyo said in Bacolod, where she formally opened the Masskara
Festival that runs through October 19. Bacolod City will also
celebrate its charter day in that period.
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O T H E R R E P O R T S
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OFFICIALS CUT GDP TARGETS FOR 2008, 2009
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If the US lawmakers fail to approve the $700-billion bailout plan,
the crisis in America could pull down gross domestic product (GDP)
growth of the Philippines to just 3.8 percent, the Finance secretary
said.
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Obama, McCain rush back to D.C.
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LA CROSSE, Wisconsin: White House contenders Barack Obama and John
McCain were to hurry back to Washington, D.C. Wednesday for a Senate
vote on an economic bailout package convulsing both Wall Street and
Congress.
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Under fire, Palin prepares for key debate against Biden
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NEW YORK CITY: Sarah Palin spent Wednesday in Republican “boot
camp” cramming for this week’s vice presidential debate amid
mounting concern over whether she is ready for a White House post
and calls for her to quit the ticket.
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Storm slows down endosulfan retrieval
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Salvage operations to remove the toxic pesticide endosulfan from the
sunken MV Princess of the Stars are being hampered by the onset of
tropical storm Pablo, an official said Wednesday.
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Chinese milk scare a wake-up call for RP
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Buying locally made milk products is the best shield of Filipinos
against similar but contaminated products from China, a Philippine
envoy said Wednesday.
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‘Little water, prayers’ saved miners
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ITOGON, Benguet: Three more miners were rescued after a week
trapped in a flooded tunnel here in northern Philippines, officials
said Wednesday, raising hopes of finding their remaining five
co-workers alive.
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US Senate to vote on bailout proposal
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WASHINGTON, D.C.: US senators will vote today on a revised
$700-billion Wall Street rescue after the House of Representatives
killed the original package, sending shockwaves around the globe.
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