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Articles Archive for 1 April 2008

1 Apr 2008 | Comments Off

The World Bank said growth in the Philippines will slow down to 5.9 this year. It expressed concern that the strong performance last year (7.9 percent GDP) has not reduced poverty. (Read the report’s executive summary, introduction and the Philippine section.)

1 Apr 2008 | Comments Off

Below is the introduction of the World Bank’s “East Asia & Pacific Update” released April 2, 2008.
Introduction
Despite falling growth in exports to the US, rising volatility in global financial markets, high and volatile international commodity prices, and an increasingly clouded outlook for the world economy, economic activity in most East Asian economies continued at strong rates through the end of …

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1 Apr 2008 | Comments Off

Below is the executive summary of the World Bank’s “East Asia & Pacific Update” released April 2, 1008.

Executive Summary
Last year Developing East Asia recorded its highest growth rate in over a decade (10.2 percent), capping a decade of improvements following its home-grown financial crisis in 1998.1 Yet this is hardly a time for celebration, but rather one for concern. The …

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1 Apr 2008 | Comments Off

Below is the Philippine section in the World Bank’s “East Asia & Pacific Update” released April 2, 1008.

PHILIPPINES
Despite domestic political tensions and increased market volatility, the Philippine economy performed unusually well in 2007—ending the year with its highest growth in three decades, benign inflation, a strong balance of payment position and an improving public sector fiscal situation. Notwithstanding this performance, …

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1 Apr 2008 | Comments Off

TOKYO, 1 April, 2008 – Growth in developing East Asia will decline by around one to two percentage points to around 8.5% in 2008 as a result of the unfolding financial turmoil in the US and the resulting global slowdown, says the World Bank’s latest six-monthly review of the East Asia and Pacific region’s economies.
But despite the likely drop …

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1 Apr 2008 | One Comment

The New People’s Army has warned foreign-backed Sagittarius Mines Inc., telling the firm to abandon its huge mining project in South Cotabato or brace for attacks.

1 Apr 2008 | Comments Off

By GERMELINA A. LACORTE | Davao Today
DAVAO CITY — Pencils and notebooks made in Germany and Switzerland, durable umbrellas, raincoats as big as blankets because European sizes are almost twice as big as average Filipino sizes, used toys curiously making their way to the lumad communities in Mindanao.
This was how Percinita Sanchez, executive director of the Mindanao Interfaith Services Foundation …

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1 Apr 2008 | Comments Off

The IFJ today welcomed the decision by Dutch politician Geert Wilders to remove a controversial cartoon from his anti Islam film, “Fitna”.
Wilders abused the author’s rights of cartoonist Kurt Westergaart by reproducing the cartoon in his film without seeking permission. This violation was strongly condemned by IFJ’s affiliates the Danish Union of Journalists (DUJ) and the Dutch Nederlandse Vereniging van …

1 Apr 2008 | Comments Off

The Philippine human rights alliance Karapatan today said that window dressing cannot hide the stench of the Arroyo regime’s bloody human rights record. They also said that “Mrs. Arroyo and Gen. Ermita will not be happy for long because the world knows that justice has not been served and that the killings and disappearances continue.”
“We hate to break their …