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Wednesday, July 08, 2009 |
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BSP says more leeway to cut interest rates
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Inflation slows to
two-decade low
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By Darwin G. Amojelar, Senior
Reporter
CONSUMER prices in June increased
at their slowest pace in over two decades due to the continued drop
in the price of fuel and food, the National Statistics Office (NSO)
said on Tuesday.
The agency said inflation last
month slowed to 1.5 percent from 3.3 percent in May, and 11.4
percent in June of last year. Last month’s inflation rate was the
lowest since April 1987 when the price increases averaged 1 percent.
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RP dollar reserves
inch up
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THE country’s dollar reserves inched up at end-June
mainly due to the central bank’s higher income on its overseas
investments, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday.
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DTI tells auto
parts makers to offer more products
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The Department of Trade and Industry told local auto
parts makers to look into offering more diverse products to make the
industry
more competitive.
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Shipping contracts
further on economic crisis, A(H1N1)
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THE cargo and passenger shipping industry contracted
in the first four months of the year due to the global financial
crisis and the Influenza A(H1N1) scare, the Philippine Ports
Authority (PPA) said.
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Building permits
application up in first quarter
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The approved building permit applications nationwide
rose nearly a fifth in the first quarter of the year, boosted by
non-residential building construction, the National Statistics
Office said.
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VIEWS FROM
A BRIT
By Mike Wootton
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A plane load of
lawyers
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The comment was made recently to me that Filipinos
are “enamored with the law.” I would have agreed with that
perception but the statistics indicate differently.
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