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 ===[[Arts and Culture of The Philippines]]===
 ===Featured Philippine News===
+*'''Japan hopes for successful gov't-MILF peace talks'''
+*August 5, 2011
+:MANILA, Philippines - The Japanese government on Friday said it was pleased to have hosted a meeting between President Benigno Aquino III and Moro Islamic Liberation Front chairman Al Haj Murad, adding it hoped that it would help move the peace talks forward.
+:In a statement, Japan's Ministry of Foreign Affairs (MFA) said it "heartily welcomes that this meeting became a meaningful opportunity for smoothly proceeding with the Mindanao peace process.".......[http://www.abs-cbnnews.com/nation/08/05/11/japan-hopes-successful-govt-milf-peace-talks<font size=4 color=green>Full Story »</font>]
 *'''Gov't readies sale of global peso notes, dollar bonds'''
 *August 4, 2011
@@ Line 63: / Line 70: @@
 :MANILA, Philippines - The government is preparing a twin offer of global peso bonds and US dollar bonds totalling as much as $3 billion, with the proceeds to be used to retire up to $2.5 billion of sovereign bonds as part of its debt management program, a source said.
 :A portion of the total proceeds would fill Manila's remaining $500 million external financing requirement this year, the source from the Bangko Sentral ng Pilipinas told Reuters late on Wednesday............[http://www.abs-cbnnews.com/business/08/04/11/govt-readies-sale-global-peso-notes-dollar-bonds<font size=4 color=green>Full Story »</font>]
-*'''Budget deficit at P17-B in first half; beats target'''
-*August 3, 2011
-:MANILA, Philippines (UPDATE) - The Philippines' budget deficit in the first six months of the year was way below what was programmed as the government has yet to catch up with its spending targets.
-:Finance Secretary Cesar Purisima reported that the deficit amounted to P17.23 billion in January to June, better than a target of P152.128 billion for the period, and P179.5 billion less than the deficit posted in the same period last year...........[http://www.abs-cbnnews.com/business/08/03/11/budget-deficit-still-way-below-target-first-half<font size=4 color=green>Full Story »</font>]
 ===Featured Sport Event in the Philippines===