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GENEVA - Global airlines are undergoing a surprisingly strong recovery with Asian and Latin American carriers leading the way, the leading industry group said on Thursday, halving its loss forecast for 2010 to $2.8 billion.

The central bank on Thursday said it was phasing out liquidity-enhancing measures as part of a continuing move to tighten monetary policy to control money in the financial system amid the recovering economy.

YANGON, Myanmar - Not only is Nobel Peace Prize laureate Aung San Suu Kyi effectively barred from upcoming elections, but she will not be allowed to vote - and her opposition party's landslide win at the last polls has been formally invalidated, according to new election laws published Thursday.

Listed Metropolitan Bank and Trust Co. (Metrobank) has improved its bad loan ratio after cutting soured loans by a fifth last year, the company said on Thursday.

Hindi napigilan ng ilang entertainment press na mapasigaw nang mapanood ang teaser ng 'SRO Cinemaserye:' Hot Mama , kung saan ipinakita ang mga sexy at nakakakilig na eksena nina Wendell Ramos at ng 'hottest mama' in town.

Halatang masaya si ang Price of R&B na si Jay-R when it comes to his lovelife. Nakangiti siya palagi kapat tinatanong tungkol sa girlfriend niyang si Krissa Mae Arrieta, na kinoronahang Bb. Pilipinas-International sa katatapos lang na Binibining Pilipinas 2010.

The government"s budget deficit slightly declined to P37.1 billion in January from a year earlier after revenue agencies improved collections by almost a fifth, the Department of Finance said on Thursday.

The Philippine Stock Exchange index posted a slight gain in thin trade on Thursday - still mirroring Wall Street"s flat performance overnight - as investors stayed on the sidelines in the absence of market-moving news.

SINGAPORE - Oil prices fell below $82 a barrel Thursday in Asia as traders eyed tepid US crude demand amid an overall economic expansion.

MEXICO CITY - Eight journalists have been kidnapped in a Mexican border city in a two-week span in a wave of abductions unprecedented in the Western Hemisphere, the Inter-American Press Association said Wednesday.

LOS ANGELES - Michael "Big Mike" Lynche made Kara DioGuardi cry and turned the rest of the "American Idol" judges giddy with a moving performance of "This Woman's Work."

Property giant Ayala Land, Inc. expects to book P4 billion in sales from its P2.1-billion high-rise condominium at the Bonifacio Global City until 2015.

Only one company joined the bidding for the third parcel of the government"s gold rush property in Mt. Diwalwal on Wednesday.

PARIS - After a week of shows dominated by the rail-thin teens who are ubiquitous on today's catwalks, Paris fall-winter ready-to-wear 2010-11 displays concluded Wednesday with a sensual celebration of women in all their curvaceous glory at Louis Vuitton.

Listed Aboitiz Power Corp. plans to raise about P10 billion through bonds and loans as it prepares to join bids for state-owned power generation assets.

LOS ANGELES - Corey Haim's story is sadly familiar in Hollywood: A teen talent who discovered drugs as he tasted his first success and whose personal problems increased as his star-power faded.

A committee has been formed under the Office of the President to review all smuggling and tax evasion cases initiated by the Customs and Internal Revenue bureaus but later dismissed or resolved at the expense of the government.

Damage to the farm and fishery sectors caused by the ongoing El Niño-induced dry spell has reached P8 billion, Agriculture Secretary Bernie G. Fondevilla said on Wednesday.

Only companies that export goods can qualify for hiring incentives under the 2010 draft of the Investment Priority Plan (IPP), a Board of Investments (BoI) official said.

The Energy Regulatory Commission (ERC) has cut the increase in Manila Electric Co."s (Meralco) generation charge given questions about the cost of power obtained from the Wholesale Electricity Spot Market (WESM).