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No Free Lunch
Why the peso keeps rising
by Cielito Habito
MANILA, Philippines--LAST WEEK, Bangko Sentral Ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo was quoted as saying that the uptrend in the value of the peso vis-a-vis the dollar will continue for the rest of the year.
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No Free Lunch
NEDA, ODA, NBN and ZTE
by Cielito Habito
MANILA, Philippines--LAST WEEK'S Senate hearings on the NBN-ZTE scandal must have given NEDA and its staff reason to both feel good and feel bad. The NEDA is of course the National Economic and Development Authority, that agency of the government tasked to coordinate overall socio-economic development planning.
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No Free Lunch
Jobs: the continuing struggle
by Cielito Habito
MANILA, Philippines -- THE JULY 2007 Labor Force Survey results were recently released by the government, and the news, as usual, is a mix of good and bad.
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No Free Lunch
Competing creditors
by Cielito Habito
Competition is good, even among our creditors. In the end, the responsibility is ours alone, to ensure that the loans we obtain from our competing creditors truly redound to the greatest good for the greatest number of Filipinos.
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No Free Lunch
Those ubiquitous Chinese loans
by Cielito Habito
WITH a zooming economy and about a trillion dollars in foreign reserves accumulated over years of trade surpluses, China seems to be lending money left and right, whether in Asia, Africa or Latin America.
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No Free Lunch
Extraordinary growth
by Cielito Habito
THE RELEASE last week of the GNP/GDP growth figures for the second quarter of 2007 was again met with the same mixture of surprise, disbelief and skepticism that greeted the 6.9-percent first quarter GDP growth announced last May.
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No Free Lunch
A high-yield public investment
by Cielito Habito
LAST WEEK, two students from the Philippine Science High School (PSHS) won the top prize in the Regional Ozone Quiz Competition organized by the UN Environment Programme (Unep) in Bangkok, Thailand.
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No Free Lunch
Heads you win, tails I lose
by Cielito Habito
THE RECENT MOVEMENTS IN THE STOCK and currency markets have been variously described as a "carnage," "bloodbath," "rout," "correction," "adjustment" and more.
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