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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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 "fiscal crisis".
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PETALING JAYA: The Prime Minister should take seriously the countryâs slip in the recent Corruption Perceptions Index (CPI) rated by Transparency International, said Opposition Leader Lim Kit Siang.
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President Susilo's promises of reform are bogged down amid controversy over appointments, human rights.
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China's annual inflation rate dropped  sharply in November, providing further evidence that steps to  cool the economy are working and reducing the chances in the  near term of a fresh rise in interest rates.
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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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MANILA  - Philippine movie icon Fernando Poe, who nearly unseated President Gloria Arroyo early this year, has been put on life support after falling into a coma following a massive stroke over the weekend, his spokesman said.
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Philippine President Gloria Arroyo on Thursday pinned the blame on rich countries for stalling the Doha round of WTO negotiations but said developing nations still hoped for a deal.
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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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Chinese markets fall again amid fears that tough anti-inflation measures are needed to cool its surging economy.
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A supposed destabilization plot by rightists and militants against the administration of President Gloria Macapagal- Arroyo has fizzled out with the peaceful burial of the late
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President Gloria Arroyo acknowledged for the first time Monday that the Philippines was now in a &quot;fiscal crisis&quot;, as economists warned of an Argentinian-type debt default within the next three years.
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The actor, who nearly unseated Gloria Arroyo in May&#39;s presidential election, suffered a stroke at the weekend. News of Mr Poe&#39;s illness and death has gripped the nation, pushing aside reports about a bomb
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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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GENERAL NAKAR, Philippines : Stunned residents picked their way through a wasteland of mud and rubble to leave storm-ravaged areas of the Philippines as the government said it has run out of money to pay for relief services.
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âOur advice is rather than having a straight line reduction [of debts], [the Philippine government should] try to achieve it earlier.
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The Philippine authorities went on high alert Thursday after the discovery of what officials said was a plot to assassinate President Gloria Macapagal Arroyo.