Philippine President Says Country Faces Fiscal Crisis
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Philippine president Gloria Arroyo warned that her country is in the midst of a fiscal crisis. A report by economists at the University of the Philippines said the country faces economic collapse
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By Channel NewsAsia&#39;s Philippines Bureau Chief Twink Macaraig. MANILA : Philippine President Gloria Arroyo is studying the feasibility of declaring a state of fiscal crisis to ease pressure on public finances.
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Philippines leader Gloria Arroyo aims to strengthen economic ties with China during a visit to Beijing.
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President Bush says Social Security's future financial shortfall is a crisis that Congress must tackle now, repeating Monday his demand for action but refusing to provide details of his top domestic priority that will cost trillions of dollars to implement.
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The Philippines president suspends  logging, blamed for worsening the impact of deadly storms and landslides.
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Philippine President Gloria Arroyo has warned heads of government corporations will be fired if they do not reduce their pay and implement her strict austerity program.
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Officials in the Philippines have called for international aid to help more than half a million people hit by devastating back-to-back storms.
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Philippines President Gloria Arroyo has suspended logging following four deadly storms within two weeks and promises to prosecute those who break the law.
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FOR THE first time, President Gloria Macapagal-Arroyo acknowledged yesterday that the country was in a fiscal crisis, a move meant to rally the public behind her tax reform and cost-cutting measures to avert an Argentina-like financial meltdown in the
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More than 200 people are feared dead as a result of flash floods and landslides triggered by a storm in the Philippines, officials say.
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A major storm bearing down on the Philippines forced the postponement Friday of the annual Southeast Asian summit scheduled for next week.
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French Prime Minister Francois Fillon on Monday warned that the country&#39;s public finances were in a &quot;critical&quot; state and that drastic action is needed.
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President Gloria Macapagal Arroyo retained yesterday members of the economic team in her official Cabinet and asked them to draw up immediate and drastic measures aimed at averting a
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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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Philippine President Gloria Arroyo said the country would not default on its debt repayments even if the country were in the midst of a fiscal crisis.
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MalacaÃ±ang allayed fears yesterday that the Philippines is on the brink of a financial crisis as it assured that the government is exerting its best efforts to bring down the widening
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SANTO DOMINGO, Dominican Republic  - President Leonel Fernandez yesterday returned to power four years after leaving office, proclaiming a &quot;period of austerity&quot; and pledging deep spending cuts to help the Dominican Republic out of its worst economic ...