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Tuesday, June 09, 2009 |
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RP in mild recession–Recto |
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Diokno, Salceda says 2nd quarter may get worse
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By Darwin G. Amojelar, Senior Reporter
The National Economic and Development Authority (NEDA) on Monday
described the worse-than-expected first quarter economic growth
results as “a mild recession.”
“You can call it [first quarter economic
growth] a mild recession with mild growth. It’s almost flat,”
Socioeconomic Planning Secretary Ralph Recto told reporters.
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O T H E R R E P O R T S
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Despite ZTE
scandal, China to invest in RP
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China, even after the reported corruption that tainted the National
Broadband Network deal between its ZTE Corp. and Manila, will
continue to invest in and provide development assistance to the
Philippines.
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BOARDROOM WAR BREWS AT BOURSE
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A broker questioned the legality of some of the appointments at the
Philippine Stock Exchange (PSE) management and board of directors,
alleging that there was a violation of the Securities Regulation
Code.
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FEATURE
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Likely bets using roads in campaign
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AS if streamers, posters and multimedia ads were not enough to gain
popularity, some politicians planning to run in next year’s
elections were also planning to exploit the names of streets and
even towns in their favor.
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Loren-Escudero tandem top choice, says survey
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Senators Loren Legarda and Francis “Chiz “Escudero were favored
as the best tandem running for the top two posts in the 2010
national elections, a survey directed by Ed Malay—the spokesman of
former President Fidel Ramos—showed.
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GMA most distrusted public official; Palace blames critics
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President Gloria Arroyo posted the highest disapproval rating and
was the most distrusted public official, according to the latest
Pulse Asia survey, which also found Vice President Noli de Castro to
be most liked.
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Officials report 13 new cases of ‘swine flu,’ as total hits 46
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Authorities reported over the weekend 13 new people with Influenza
A(H1N1) flu virus, bringing to 46 the total number of confirmed
cases in the Philippines.
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South Korea to hire 5,000 Filipinos
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Despite being hit by the global financial crunch, South Korea is
expected to employ some 5,000 overseas Filipino workers (OFWs) in
the next 10 months under a memorandum
of understanding that was signed recently
between Seoul and Manila.
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