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Monday, March 02, 2009 |
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Export dip deadens Asean |
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Analysts tell bloc to keep brave face
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HUA HIN, Thailand: Southeast Asian leaders called on Sunday for
increased cooperation and urgent reform to deal with the global
financial crisis. They made the call as they wrapped up a summit
here dominated by their economic woes topped by falling exports.
Leaders from the 10-member Association of
Southeast Asian Nations (Asean) have spent most of their annual
meeting seeking ways to soften the impact of the meltdown on their
export-driven economies, with millions of jobs at risk.
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O T H E R R E P O R T S
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Malaysia vows support for resumption of peace talks
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Malaysian Prime Minister Abdullah Ahmad Badawi has assured President
Gloria Arroyo of Kuala Lumpur’s support for
the resumption of peace talks between the Philippine government and
the Moro Islamic Liberation Front (MILF).
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Govt allots P9B to create more than 220,000 jobs
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The government has invested P9 billion for its nationwide emergency
employment program to cushion the impact of the global financial
crisis on poor and underprivileged workers of the country, the
National Anti-Poverty Commission said over the weekend.
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Taiwan extends visa waiver to tourists from RP, 4 other countries
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TAIPEI: Filipino tourists can now visit Taiwan without a visa,
according to a new government policy that took effect Sunday.
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SEC files new criminal charges against Legacy group conduit
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Additional criminal charges were filed before the Department of
Justice (DOJ) by the Securities and Exchange Commission (SEC)
against cash-strapped Legacy Consolidated Plans Inc. for alleged
fraud.
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NOTES&COMMENTS
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The upside of underdevelopment
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The global crisis continues to devastate the key economies. The
United States lost 598,000 manufacturing and service jobs in
January. And even the multibillion-dollar bailout of General Motors
and Chryslear has proved insufficient: both carmakers are still
edging toward bankruptcy.
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FEATURE
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Former ‘grass’ growers now silkworm farmers
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Farmers, who previously grew marijuana on a plantation scale in the
remotest parts of mountainous regions in the country, are now
rearing silkworms in Benguet province in northern Philippines to
produce quality silk.
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New Asean anthem strikes a chord
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HUA HIN, Thailand: The European Union has Beethoven’s “Ode to
Joy” and socialists of the world have long risen up to the strains
of “The Internationale.”
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