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Saturday, September 06 2008 |
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Inflation hits 17-year high
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August rate at 12.5%, growth targets in peril
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Inflation surged to 12.5 percent in August, a 17-year high, the
government said Friday, warning that the rise could impact economic
growth targets for this year.
The National Statistics Office also revised
upward the inflation rate in July to 12.3 percent from 12.2 percent.
This brought the average inflation rate for the
eight months to August to 8.8 percent.
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O T H E R R E P O R T S
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GMA asks congress to
pass ‘crisis’ year budget
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President Gloria Arroyo urged Congress on Friday to pass a
P1.415-trillion ($30.2-billion) budget providing more money for
infrastructure and food aid amid a global economic downturn.
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Filipinos on fixed incomes vulnerable
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An item that cost P100 last year would cost
P112.50 today—as inflation posted a 17-year high in August.
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Group prods MILF to keep
fighting, as rebels hold back
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ZAMBOANGA CITY: The Moro Resistance and
Liberation Organization (MRLO) on Friday urged other Muslim rebels
to continue their armed struggle for independence after Manila
recently scrapped a territorial deal and launched a massive
offensive during Ramadan.
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Unrest in South may spread to
neighbors–analysts warn
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With peace talks between the Philippine government and Muslim rebels
in tatters, analysts are warning violence will escalate and possibly
spill over into neighboring countries.
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Republican nominee McCain
promises to fight for change
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ST. PAUL, Minnesota: John McCain vowed to fight for America as long
as he draws breath, in a patriotic pledge to bring political change
as he accepted the Republican presidential nomination.
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FEATURE
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Thousands volunteer for Palin’s job as VP
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WASHINGTON: Griffin DuBois of New York is one of thousands of people
who think their foreign policy credentials make them more qualified
to be vice president of the United States than Governor Sarah Palin
of Alaska.
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Court decision on executive
privilege draws cheers, jeers
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The Supreme Court decision favoring executive
privilege on the $330-million broadband deal is “a dark portent of
things to come,” Senate President Manuel Villar Jr. said Friday.
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