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Thursday, July 16, 2009 |
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Govt rejects higher oil taxes |
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World Bank’s proposal not a priority, says NEDA
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The Philippines on Wednesday brushed off a World Bank suggestion
that it raise oil taxes to shore up revenues, saying it did not wish
to hit people in the pocket amid a slowing economy that has already
crimped consumer spending.
Raising oil taxes “will have a dampening
effect on the economy since higher prices will discourage consumer
spending,” Socioeconomic Planning Secretary Ralph Recto said in a
statement.
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O T H E R R E P O R T S
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Remittances post record-high level
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Remittances from overseas Filipinos reached a record high in May,
fed by the need of families or beneficiaries of migrant workers to
pay for school expenses.
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EXCLUSIVE
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Diversification: Asia’s weapon vs. shocks
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THE Asian Development Bank (ADB) warned that it would take at least
five years before Western demand for the region’s exports can
recover to their pre-crisis levels, thus the need for countries like
the Philippines to prop up their domestic sectors and complete trade
integration with neighbors.
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Goldman Sachs profit soars to $3.44B
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NEW YORK CITY: Wall Street giant Goldman Sachs on Tuesday posted a
forecast-busting $3.44 billion in quarterly profit after paying back
a US government bailout, suggesting the financial crisis is easing.
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Pfizer says discount cards part of ‘access’ program for Pinoys
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Pharmaceutical giant Pfizer on Wednesday said that the five million
“Sulit Cards,” or discount cards, that it had offered to the
Department of Health (DOH) were not a “bribe” but a part of the
drug firm’s continuing commitment to expand access to its
high-quality, safe medicines nationwide.
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FEATURE
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Cheaper medicines: Battle of acronyms
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Why is Sen. Manuel “Mar” Roxas 2nd avidly pursuing the issuance
of an Executive Order (EO) pegging the minimum retail price (MRP)
for essential medicines?
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WHO official: Swine flu vaccine within reach
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LONDON: The world’s top health official said on Wednesday that a
swine flu vaccine would not be readily available for months,
undermining national plans for rapid immunization against the
accelerating pandemic.
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Police treating Jackson’s death as homicide–report
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LOS ANGELES: The Los Angeles Police Department is treating Michael
Jackson’s death as a homicide and is focusing on doctor Conrad
Murray, entertainment website TMZ.com reported on Wednesday.
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Dissatisfaction with GMA remains high
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Dissatisfaction with the performance of President Gloria Arroyo
remains high with her net performance rating virtually unchanged
from February (-32) to June (-31), the results of a Social Weather
Stations (SWS) survey showed.
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