27 May '11, 9am

PHL to grow slower on #Japan earthquake, MENA unrest – BSP

The economy will grow less than 7 percent during the first quarter of the year, largely influenced by the disasters currently afflicting Japan and the social unrest in the Middle East and North Africa (MENA), the Bangko Sentral ng Pilipinas said Friday. "We think the economy will continue to grow this year," BSP Governor Amando Tetangco Jr. said in an interview with reporters on the sidelines of the annual Citi Microentrepreneur of the Year Awards. In the short-term what is happening in the MENA region and Japan would have a negative impact on global growth, the central bank chief explained. "We may be affected by that and therefore we should not be surprised if the growth rate for this year turns out to be lower than the 7 percent to 8 percent target," he added. “The government is projecting 7 percent to 8 percent although that projection was arrived at prior to the event...

Full article: http://sg.news.yahoo.com/phl-grow-slower-japan-earthquake...

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Light earthquake strikes eastern Japan

channelnewsasia.com 24 May '11, 10pm

TOKYO: A shallow 4.9-magnitude earthquake struck eastern Japan early Wednesday, the US Geological Survey said, rattling on...