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 ===[[Arts and Culture of The Philippines]]===
 ===Featured Philippine News===
+*'''BSP anticipates more dollar portfolios'''
+:July 14, 2011: MANILA, Philippines — Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. Thursday said the peso and the rest of regional currencies will be affected by the shifting markets following global rating agency Moody's Investors warning of a US credit rating downgrade.
+:"There could be some near term negative impact on US treasuries and the dollar as portfolios position defensively," Tetangco said in a text message. "But the reality is the US market is still the largest and most liquid (and) with the ample liquidity in the global system and Europe facing its own problems, we can probably expect any adverse movement to be short-lived."....[http://www.mb.com.ph/articles/326855/bsp-anticipates-more-dollar-portfolios <font size=4 color=green>Full Story »</font>]
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 *'''US seeks release of hostages held in Philippines'''
 :July 13, 2011: MANILA — The United States called on Wednesday for the immediate release of two citizens abducted in the Philippines, and demanded that the authorities go after the kidnappers.
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 :US embassy spokeswoman Victoria Long said the two allies are cooperating to secure the safety of the captives, as Filipino police said they had yet to hear from the kidnappers....[http://www.google.com/hostednews/afp/article/ALeqM5g6lFtF1Fn3j_GaJKNY0yObbQs9EQ?docId=CNG.dfda125de3d979ba9ecd87d665a4ab40.01 <font size=4 color=green>Full Story »</font>]
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-*'''Philippines Rachets Up Pressure on China Over Territorial Dispute'''
-:July 11, 2011: The Philippines and China appear no closer to resolving their dispute about claims to certain territories in the South China Sea.
-:The Philippines has complained about at least seven run-ins with China in locations it says are clearly part of its territory on the South China Sea.
-:On Monday, Philippines Foreign Affairs Secretary Del Rosario said China maintained its position that there were no intrusions made....[http://www.voanews.com/english/news/asia/Filipino-Government-Rachets-Up-Pressure-on-China-Over-South-China-Dispute--125342653.html <font size=4 color=green>Full Story »</font>]
 ===Featured Sport Event in the Philippines===