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Wednesday, July 15, 2009 |
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Recession will spare RP |
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Analysts point to low inflation as big factor
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The Philippines will likely avoid a recession this year because of
remittances, strong consumption, low inflation and interest rates
and high liquidity, business analysts said on Tuesday.
Speaking at a forum at the Philippine Stock
Exchange, the analysts said that the economy likely grew in the
second quarter and the momentum is expected to be sustained for the
whole of 2009.
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O T H E R R E P O R T S
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Manila sells $750M in bonds to raise revenue
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The government on Tuesday said that it has sold $750 million in
10-year global bonds to finance an economic stimulus program as the
economy stalls and revenues slide.
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High cost of education hurts quality of Filipino students
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Cost of education in the Philippines has been rising at a faster
pace than that of food for nearly a decade, hurting the overall
quality and performance of Filipino students, according to the
National Statistical Coordination Board.
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Pandemic unstoppable, WHO official warns
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GENEVA: The swine flu pandemic has grown “unstoppable” and all
nations will need access to vaccines, a World Health Organization
(WHO) official said on Monday, as 12 new deaths were reported and a
study raised fresh concerns.
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Deportation sought over drug bribe try
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Foreign executives of Pfizer Philippines who allegedly tried to
bribe the government to prevent the implementation of the cheaper
medicine law should be deported immediately, former Senate President
Franklin Drilon said on Tuesday.
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San Miguel denies deal with MWSS
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SOUTHEAST Asia’s largest food and beverage conglomerate on Tuesday
denied that it had entered into a “secret deal” with
Metropolitan Waterworks and Sewerage System (MWSS) on the planned
multibillion-peso Laiban dam project.
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Telcos yield on prepaid load life
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The life of prepaid cellphone loads or credits will be lengthened
starting July 19 after telecommunications companies, or telcos,
accepted on Tuesday implementation of a memorandum circular issued
by the National Telecommunications Commission (NTC) on July 3.
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‘Harry Potter’ casts his magic spell, again
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To the Filipino fans of Harry Potter, their favorite boy wizard has
definitely “grown up.” From being the protagonist of author J.K.
Rowling’s children’s novel about a young wizard’s road to
heroism, he has definitely evolved into a cultural icon whose story
was told through seven books and, so far, six film adaptations.
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Jackson’s dad says Michael unfit for tour
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LOS ANGELES: The father of Michael Jackson on Monday (Tuesday in
Manila) slammed the grueling 50-date schedule drawn up for his
son’s comeback, saying the star was not capable of completing the
series of sold-out concerts.
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Legacy victims decry ‘special treatment’ for de los Angeles
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Sen. Manuel Roxas 2nd on Tuesday said that he would look into claims
that the embattled owner of the failed Legacy Group of Companies was
getting special treatment with his confinement at the St. Luke’s
Medical Center in Quezon City.
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