THE country’s dollar reserves fell slightly
last month as the value of local gold holdings slipped in line with
recent weakness in the price of the precious metal, the Bangko
Sentral ng Pilipinas (BSP) said Friday.
In a statement, the BSP said the country’s
gross international reserves (GIR) dropped $200 million to $36.7
billion at end-August, compared with $36.9 billion the month before.
THE Bureau of Internal Revenue (BIR) said Friday
that it will no longer review for the third time a controversial
order imposing new taxes on insurers.
Krispy Kreme donuts in the country are on a roll as expectations in
the company are high that the newly opened “drive-thru” branch
and the upcoming holiday season will further boost sales.
PARIS: Sharp falls in commodity prices and a rise in the dollar mark
the ending of one of the biggest ever speculative bubbles and a
change in investor sentiment as the global economy slows, analysts
say.
NEW YORK: A bleak US economy has cast a pall over Fashion Week, with
even the most dedicated fashionistas distracted by bread-and-butter
concerns like paying the mortgage and filling the gas tank.
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