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A VIETNAMESE
woman in traditional garb prepares to leave after buying
fruits and fl owers at Ben Thahn Market in Ho Chi Minh
City, using as mode of transport the iconic motorcycle.
Vietnam’s robust economic performance is one of Southeast
Asia’s most inspiring stories, as foreign investors like
Hewlett-Packard like to cite.
--DENNIS D. ESTOPACE |
| HEADLINES |
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Stocks down on explosion, Dow’s drop |
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PHILIPPINE
stocks fell the most in two months after a suspected
terrorist blast at a shopping mall killed 11 people and
injured at least 91 in the capital’s financial district,
raising concern political instability will reduce the
nation’s appeal to investors. |
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Government rejects all bids, cancels next T-bond sale |
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FIRST they
rejected all bids at Monday’s sale of Treasury bills, and
then the Department of Finance announced the cancellation of
the P7-billion Treasury bond sale set for next week. |
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Trustmark defers sale of 1.56B PAL shares |
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TRUSTMARK
Holdings Corp., a company owned by tobacco tycoon Lucio Tan,
has deferred indefinitely the sale of its 1.56 billion
shares in PAL Holdings Inc., a listed investment firm and
controlling shareholder in Philippine Airlines Inc. (PAL). |
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Heavy exports reliance, weak financials may spur new ills |
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THE
International Monetary Fund (IMF) has warned Asian
countries, including the Philippines, that heavy dependence
on exports and weak financial sectors may be the trigger for
another regional crisis similar to the 1997 Asian financial
crisis. |
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Southeast Asia’s SMBs lure technology giants |
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HO CHI MINH
CITY—The robust performance of small and medium businesses (SMBs)
in Southeast Asia is attracting technology megaliths like
Hewlett-Packard (HP), which launched several products and
solutions here that will also be introduced in other
countries in the region next month. |
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EC,
Australia asked to support trade safeguards for small ones |
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GENEVA—Civil-society
organizations (CSOs) are asking for the support of the
European Commission (EC), Australia and Asian countries such
as Thailand to back the safeguards that developing countries
can use when trading farm products under a multilateral
trading system. |
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Manila safe for PRIC ’08–Apafs |
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UNFAZED by
the recent explosion at a major shopping mall in Makati
City, the board of the Asia-Pacific Association of Fiduciary
Studies (Apafs) voted on October 19 to hold next year’s
Pacific Region Investment Conference (PRIC) once more in
Manila. |
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Estrada seeks ‘full pardon’ |
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CITING the
national interest and his desire to attend to his ailing
mother, former President Joseph Estrada on Monday appealed
to President Gloria Macapagal-Arroyo to grant him a “full
and unconditional pardon”. |
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After Glorietta blast, Gloria makes surprise trip to Naia |
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PRESIDENT
ARROYO made a surprise inspection of the Ninoy Aquino
International Airport Terminal 2 (Naia 2) at 2:45 p.m.
yesterday, three days after the Glorietta mall blast that
killed eight people and wounded hundreds others. |
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Antiterror Council wants HSA changed amid lawsuits at SC |
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OFFICIALS of
the Antiterror Council (ATC) disclosed Monday they are now
drafting a list of proposed changes in the provisions of
Republic Act 9372, or the Human Security Act (HSA), in
response to the numerous cases filed at the Supreme Court
assailing the constitutionality of the HSA. |
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Trillanes talks of ‘bigger plot,’ lawyer says |
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SENATOR
Antonio Trillanes IV maintained on Monday the October 19
Makati mall blast was the handiwork of Arroyo administration
officials, particularly National Security Adviser Norberto
Gonzales and Armed Forces chief Hermogenes Esperon Jr.,
despite latest reports it may have been accidental. |
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MORE STORIES ... |
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THE Manila
Ocean Park at the Quirino Grandstand, Luneta Park in Manila
is the first world-class marine theme-park complex to adopt
a fusion concept. It brings together an oceanarium, a mall,
a restaurant and open-water marine habitats. It showcases
more than 20,000 marine inhabitants of about 300 species,
definitely one of the largest in Asia.
--RHOY COBILLA |