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Financial crisis linked to bankers' bonuses: Stiglitz
LONDON (AFP) - The world financial crisis is closely linked to bankers' bonuses, which "encouraged excessive risk taking," the Independent quoted Nobel Prize-winning economist Joseph Stiglitz as saying Monday. "The system of compensation almost surely contributed in an important way to the crisis," he said in comments published by the newspaper.abs-cbnnews.com 03/24/2008 8:28 PM
Asian stocks close mainly higher on bargain hunting
HONG KONG - Asian stocks closed mainly higher Monday with bargain hunters dominating trade, however, broader fears over the state of the United States economy continued to weigh on sentiment.abs-cbnnews.com 03/24/2008 7:48 PM
Govt borrowings dip 9% in January
Total government borrowings declined by nine percent (9%)in January after the country's budget deficit fell more than 50 percent during the month, owing to strong revenues and prudent spending, according to the Bureau of Treasury.abs-cbnnews.com 03/24/2008 5:52 PM
RP cancels Q2 auctions for 91-day, 182-day paper
The Philippines' Bureau of Treasury said on Monday it would not hold auctions for 91-day and 182-day treasury paper in the second quarter.abs-cbnnews.com 03/24/2008 5:50 PM
Pepsi allots P800M to pay debts
Pepsi-Cola Products Philippines Inc. said Monday its board has approved the appropriation of P800 million for payment of debts.abs-cbnnews.com 03/24/2008 5:03 PM
Vietnam's rice field loss threatens food security: minister
HANOI - Vietnam's rapid industrialization is threatening the country's food security as rice fields are being lost to development, the agriculture minister has warned, state media reported Monday.abs-cbnnews.com 03/24/2008 5:02 PM
RP debt yields seen rangebound on inflation woes
Philippine debt yields are expected to be stuck in range this week as worries about domestic inflation cancel out the positive impact of the U.S. Federal Reserve's series of moves to help credit markets, dealers said.abs-cbnnews.com 03/24/2008 4:57 PM
Nine groups to bid for Tiwi-Makban power complex
Nine out of 10 interested groups will participate in the bidding for the 747-megawatt (MW) Tiwi-Makban geothermal power complex on June 4, the Power Sector Assets and Liabilities Management Corp. (PSALM) said Monday.abs-cbnnews.com 03/24/2008 4:41 PM