Philippines

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Although the Philippines brands itself as a destination of more than 7000 islands, tourism industry investors have until recently focused most of their energy on the tropical island paradise of Boracay.
Philippine President Gloria Macapagal-Arroyo announced last week that she would back a Senate resolution to radically redraw the country's constitution.
After enduring three presidential administrations, thousands of hours of negotiations, 60 resolved or ongoing court cases, a ceiling collapse, three casualties, and two botched openings, the Ninoy Aquino International Airport Terminal 3 (NAIA 3) finally opened on July 22, 2008.
Remittances, a crucial part of the domestic economy, saw a year-on-year rise in May.
The Bangko Sentral ng Pilipinas (BSP) has made it clear over the past week that it will do what is necessary to fight inflation and protect the nation's currency.
From June 29, Filipino mobile users will have an additional phone to choose from in the fast-growing smart phone category: electronics giant Apple's iPhone 3G.

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