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[Title] => Man gets life for selling .01 gram of shabu
[Summary] => A Parañaque judge has sentenced a former forklift operator to life in prison after he was caught selling 0.01 gram of shabu in a sting operation in 2009.
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abtest
By Aie Balagtas See | May 26, 2012 - 12:00am
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Confidence in the Philippine banking system remains intact, the Bangko Sentral ng Pilipinas (BSP) said, citing banks’ strong fundamentals and safeguards meant to protect the integrity of the financial system.
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The country’s foreign exchange buffer fell to its lowest level in three years in September as the Bangko Sentral ng Pilipinas foreign exchange operations, lower gold valuations and government withdrawals weighed on reserves.
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The Philippine economy could grow by less than three percent this year as weak household spending and sluggish investment continue to drag domestic demand, while renewed inflation pressures raise the possibility of further interest rate hikes
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Economists are increasingly expecting the Bangko Sentral ng Pilipinas to hike interest rates again this month after inflation surged to 7.2 percent in September, as broadening price pressures and risks from oil, transport fares and El Niño threaten to keep inflation elevated.
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The Bangko Sentral ng Pilipinas has directed banks and other financial institutions to immediately freeze the assets of two women designated by the Anti-Terrorism Council as terrorists.
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