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Philippines real-estate growth in 2006 was an all-time high

MANILA — The Philippine real estate industry continued its outstanding performance with a significant rise of 17.1 percent (at constant price) in Gross Value Added (GVA) in 2006, the highest annual growth achieved since 1967. The 2006 growth, an acceleration from its 15.4 percent performance in 2005, surpassed the high 16.1 percent growth recorded in 2004. Level-wise, real estate GVA at constant prices reached Php 14.3 billion in 2006, higher than Php 10.6 billion and Php 12.2 billion recorded in the years 2004 and 2005, respectively.
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Philippines president: ?We are not relaxing on fiscal reforms?

MANILA — President Gloria Macapagal Arroyo wants to assure investors, creditors, and credit watchers that the Philippines is not going to backslide in its bid to shore up finances, saying the government can balance the budget and fund an ambitious infrastructure program even without new taxes.

The Chief Executive issued the statement as international ratings agencies and multilateral institutions recently warned the government against being complacent with respect to fiscal reforms.
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Concerned Australians to Philippines president: Stop the killings

Groups in Australia have joined in protest against the continuing killings of unarmed civilians in the Philippines through a postcard campaign featuring peace and justice advocate Bishop Alberto Ramento of the Philippine Independent Church killed by alleged Philippine military elements in Oct. 2006 in his convent in Tarlac.

This follows the recent military abduction and torture of pastor Berlin Guerrero (48) in Laguna of the Uniting Church of Christ in the Philippines (UCCP), forcibly taken from his wife and 3 children by soldiers in 2 vans.
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Philippines: TXTPower hits NTC ruling, mulls raps commissioners

MANILA — TXTPower today denounced the decision of the National
Telecommunications Commission dismissing the complaint against Globe
Telecom over the company’s 100 percent increase in unlimited texting
rates in February this year.

Aside from filing an appeal, TXTPower is studying possible legal moves
against commission officials.
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