Philippines will never default on debts, Arroyo vows
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MANILA : Philippine President Gloria Arroyo vowed the country will never default on its debt repayments, as she found herself embroiled in a public row with key economic advisers following her declaration that Manila was in a &quot;fiscal crisis&quot;.
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The Philippines is able to service its debt, the government said Tuesday, as officials scrambled to reassure jittery investors a day after the president rattled the markets by saying the country was in the throes of a fiscal crisis.
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J. Dennis Hastert, who has become the longest-serving Republican House speaker, made it clear that he would not step down.
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President Gloria Macapagal Arroyo claimed Wednesday that the Philippines&#39; growth prospects remain firm despite doomsayers&#39; grim economic forecasts.
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Indonesiaâs Christians packed tightly guarded churches to celebrate Christmas today despite fears of terrorist attacks, while the president of the Philippines appealed for an end to corruption in a seasonal message.
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Bulgaria&#39;s Socialist Prime Minister Sergey Stanishev vowed Friday to maintain financial stability in the country despite record-high inflation in July and an ever-widening current account gap.
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The Philippines is facing a fiscal crisis, President Gloria Arroyo said Monday. Arroyo is seeking political support for a $1.4 billion tax package that faces opposition in Congress.
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The International Monetary Fund&#39;s shareholder governments told Argentina in a meeting on Friday to live up to its promises in a $13 billion loan program to tackle
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US President George W. Bush called his Philippines counterpart Gloria Arroyo and said their countries should keep strong ties, a spokesman said after a spat over Arroyo's handling of an Iraq kidnapping.
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The UN says it is optimistic that none of the survivors of the Asian tsunami will lose their lives due to hunger.
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Philippine President Gloria Macapagal-Arroyo Friday appreciated the &quot;courage and humility&quot; that the military officers, who participated in a mutiny last year,showed in an apology
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Philippine President Gloria Arroyo's government has issued a fresh warning to Filipino job-seekers trying to fly to Iraq despite a government ban.
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Philippine President Gloria Macapagal Arroyo Monday announced that the economic team in her new Cabinet would stay for another term as the country is striving to solve its fiscal crisis.
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Former Philippine leader Joseph Estrada said Wednesday he would not consider a deal from President Gloria Arroyo, demanding an unconditional pardon from his arch-rival after his corruption conviction.
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President Arroyo on Monday said the government is putting the safety of kidnapped Angelito Nayan in line with national interest and doing everything within its power to bring him back safely.
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MALACAÃANG said on Monday that it was holding on to former President Joseph Estrada&#39;s words that he would return to the country and would not use his trip to Hong Kong to escape prosecution.
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The Philippines on Monday vowed to exhaust all diplomatic means to secure the safe release of Filipino UN worker Angelito Nayan kidnapped by Taliban militants with two others in Kabul.