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===[[Arts and Culture of The Philippines]]===
===[[Arts and Culture of The Philippines]]===
===Featured Philippine News===
===Featured Philippine News===
*'''Philippines says US downgrade is 'wake-up call''''
*August 6, 2011
:MANILA, Philippines - The government said Saturday the downgrade of the US' credit rating by Standard & Poor's would serve as a "wake-up call" but that it was confident the world's largest economy could address its problems.
:President Benigno Aquino's spokesman Ricky Carandang told AFP, "In a way it's a wake-up call for the US to begin to seriously address its economic issues. We're confident they will be able to do this.".......[http://www.abs-cbnnews.com/business/08/06/11/philippines-says-us-downgrade-wake-call<font size=4 color=green>Full Story »</font>] 
*'''Japan hopes for successful gov't-MILF peace talks'''
*'''Japan hopes for successful gov't-MILF peace talks'''
*August 5, 2011
*August 5, 2011
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: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.  
: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>] 
: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
 
: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>]


===Featured Sport Event in the Philippines===
===Featured Sport Event in the Philippines===
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