Filipino president warns of fiscal crisis
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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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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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Indonesian president-elect Susilo Bambang Yudhoyono has made a lot of reassuring noises on his road to power, but now he faces the hard economic decisions.
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CEBU, Philippines  - The Philippines hastily shelved a high-profile gathering of Asian leaders until early January on Friday due to concerns an incoming tropical storm could wreak havoc at the venue this weekend.
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MANILA : Economic growth prospects in the Philippines this year remain on track despite rising oil prices and a volatile peso as long as the government fixes its fiscal woes, President Gloria Arroyo has said.
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Prime Minister John Howard has warned of economic disaster under a Latham Labor government - while admitting interest rates were high during his term as federal treasurer.
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President Gloria Macapagal Arroyo appealed to world Muslim leaders today to help secure the release of Filipino hostages in Afghanistan and Iraq as anxious relatives prayed for their safety.
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The president acknowledged âsome storm clouds and concernâ' over the nationâs credit crunch and mortgage problems, but warned against raising taxes.
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President Arroyo has asked her economic managers to lay the groundwork for the declaration of an âunsustainable public deficitâ which will allow the national government
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Federal Reserve Chairman Ben  Bernanke on Wednesday warned lawmakers that as the country's  baby boomer generation ages, funding shortfalls to government  programs such as Medicare and Social Security will create an  unsustainable fiscal situation.
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President Arroyo acknowledged for the first time yesterday that the Philippines is in a &quot;fiscal crisis&quot; and urged the public to prepare for &quot;pain,&quot; as economists warned of debt default within three years.
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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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Philippine President Gloria Macapagal Arroyo defended her anti-corruption credentials on Tuesday after a witness in a Senate probe into alleged kickbacks said she was at the centre of the country's graft problems.
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The Philippines president vows stiff penalties for illegal loggers, after deadly landslides hit the country.
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President warns Congress not to load bill with spending projects or delay sending for signature.
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President Gloria Macapagal Arroyo has suspended logging and pledged to prosecute violators after two storms set off mudslides and floods that killed 640 people and left nearly 400 missing in the northern Philippines.
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The federal governmentâs fiscal crisis is so great that it threatens the future of the republic, David M. Walker, the comptroller general of the United States warned.