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Monday, October 06, 2008 |
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Govt eyes ‘pump
priming’ |
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RP looking at China,India, other markets
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The Arroyo government will “pump prime” the economy and will
look for alternative markets to the US to counter the financial
crisis there that is reverberating worldwide, a Palace official said
Sunday.
“The strategy now is to pump prime the
economy,” Press Secretary Jesus Dureza said in a radio interview.
“The government must support as many projects as it could
especially in infrastructure development to create more jobs. The
President and her economic team are monitoring this on regular basis
to know what to expect, so that they can immediately respond to
events that affect us directly.”
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Story>>
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O T H E R R E P O R T S
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NOTES & COMMENTS
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Capitalism and its discontents
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The world has come a long way since government was thought to
govern best when it governed least, and a 19th-century British
Cabinet debated whether it was right to restrict the import of beef
known to be infected with hoof-and-mouth disease.
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Economic Recovery Will Take Time, Warns Bush
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CRAWFORD, Texas: US President George W. Bush praised legislators
from both major parties for approving the $700-billion financial
system bailout package, but warned that relief would not be instant.
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LPG retailers group hike prices by P2 per kilogram
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Retailers of liquefied petroleum gas (LPG) hiked their prices over
the weekend because of delays in the shipment of supply.
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Obama has huge lead in cyberspace
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WASHINGTON, D.C.: If the US presidential election was being held in
cyberspace, Barack Obama would win in a landslide—even as the
Republican vice presidential candidate lobbed fresh verbal attacks
against him in California.
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US policy shift in Asia likely after Bush term
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WASHINGTON, D.C.: US policy in Asia is expected to undergo major
shifts, whoever wins the race to the White House.
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Palace urges GSIS to be transparent
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Malacañang has joined sectors calling for the Government Service
Insurance System (GSIS) to be transparent about its investments in
the United States following a financial crisis there.
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Story>>
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