We owe them [I owe you]
Latest government figures have quoted the Philippines’ public sector debt to be at an estimated PHP5.9 trillion (105T US$, at an exchange rate of PHP56=$1). Of this figure, PHP3.4 trillion worth is courtesy of the national government, causing 31.4% of the national budget to be eaten up by debt servicing to pay for the principal [...]
Habemus Papam!
(REUTERS/Max Rossi) Annuntio vobis gaudium magnum; habemus Papam: Eminentissimum ac Reverendissimum Dominum, Dominum Josephum Sanctae Romanae Ecclesiae Cardinalem Ratzinger qui sibi nomen imposuit Benedictum XVI We have a Pope! The princes of the Roman Catholic Church have elected their fellow Cardinal Joseph Ratzinger, hailing from Bavaria, Germany, as the successor of Karol Wojtyla (John Paul [...]
Oath of Office
Yesterday, we student leaders from the University of the Philippines Manila have now been formally given the responsibilities of our various offices. Quoting Prof. Doroteo Abaya (OSA Director), yesterday was the signing of a social contract of sorts – that we, the University and College Student Council officers, have gone into with the students of [...]
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