Philippine Mkts Sink On Arroyo Comment, Inflation Worry
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MANILA (Dow Jones)--Investors wary of inflation and the specter of higher interest rates sold down Philippine assets Tuesday, a day after President Gloria Macapagal Arroyo spooked markets by saying the country is in a &quot;fiscal crisis.
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MANILA (Dow Jones)--Philippine shares ended lower Tuesday, with the main index slipping below its 1780 support, as investors turned cautious ahead of the funeral of opposition standard bearer Fernando Poe Jr.
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China's annual inflation rate dropped  sharply in November, heartening policy makers who have been  striving to cool the economy and reducing chances of a further  rise in interest rates in the near term.
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Chinaâs annual inflation rate dropped sharply in November, heartening policy makers who have been striving to cool the economy and reducing chances of a further rise in interest rates in the near term.
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Chinese markets fall again amid fears that tough anti-inflation measures are needed to cool its surging economy.
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MANILA President Gloria Macapagal Arroyo said on Monday that the Philippines&#39; finances were in &quot;crisis&quot; and that taxes would have to be raised soon to remedy the situation.
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Middle East News, MANILA, Filipinos queued for hours on Wednesday to pay their last respects to movie legend and would-be president Fernando Poe Jr, but the brief national unity that followed his death the previous day was already starting to fray.
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Fernando Poe Jr, a Philippine movie icon who came close to unseating Gloria Macapagal Arroyo as president, fell into a coma on Sunday after suffering a stroke, friends and supporters said.
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The Philippine government Saturday denied reports of some local newspapers that the military is showing signs of &quot;restiveness&quot; after the opening of investigation against a former army general for corruption this month.
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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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China's annual inflation rate dropped sharply in November, heartening policy makers who have been striving to cool the economy and reducing chances of a further rise in interest rates in the near term.
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The comments by the province's vice governor and acting chief executive reflected continuing confusion over Indonesia's attitude about receiving outside aid.
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PRESIDENT Gloria Macapagal-Arroyo admitted on Monday that the country was in a âfiscal crisisâ and called on the nation to help face the problem through âsacrifice.
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MUMBAI, OCTOBER 26: Government bonds fell across the board, mainly in the short to medium tenures on a knee-jerk reaction to the raising of the inflation estimate to 6.5 per cent and a 0.25 per cent hike in the repo rate to 4.75 per cent by the Reserve
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MANILA (Dow Jones)--President Gloria Macapagal Arroyo Monday caused a stir in local markets by saying the Philippines is in the midst of a &quot;fiscal crisis,&quot; but finance
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Philippine President Gloria Arroyo came under intense pressure Thursday to rein in the military after a second damning report implicated top commanders in a wave of political assassinations.
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Manila - The Philippines was in the midst of a fiscal crisis and the public should be prepared to make sacrifices, President Gloria Arroyo said yesterday.