PTT Philippines cuts pump prices
MANILA, Philippines – PTT Philippines slashed prices of its diesel products by P1.00 per liter and gasoline by P0.50 per liter effective 6 a.m. Monday.

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(AFX UK Focus) 2010-01-25 00:34 Philippines expects Q1 budget deficit of $2.4 bln
MANILA, Jan 25 (Reuters) – The Philippines expects to post its highest quarterly budget deficit this year of 110.94 billion pesos ($2.4 billion) in the first three months, data from the finance department showed on Monday.

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Proposed rice-sugar swap deal with Philippines unlikely
ISLAMABAD (January 25 2010): Pakistan is unlikely to materialise the proposed rice-sugar swap deal with Philippines, as the government of Philippines has also decided to import up to 1,50,000 tons of sugar duty free to ensure sufficient buffer stock, well-informed sources in Ministry of Food and Agriculture (Minfa) told Business Recorder here on Sunday.

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Ballet Philippines’ Masterworks
As part of Ballet Philippines’ 40th year celebration, Ballet Philippines performs in Cebu featuring Masterworks, a showcase of the best works that have established Ballet Philippines as the flagship company in ballet and contemporary dance.

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Philippines accuses rebels of massive extortion
Communist guerrillas in the Philippines have collected more than 1 billion pesos ($22 million) through extortion in the past 13 years and plan to squeeze more money from candidates ahead of general elections this spring, the military said Sunday.

Read more on AP via Yahoo! Malaysia News