CNN- Philippines

Enrile wants relaxed restrictions on nuclear weapons, economic provisions

By CNN Philippines Staff

Chief PresidentIal Legal Counsel Juan Ponce Enrile said it is time to ease restrictions on economic provisions and nuclear weapons in the 1987 Constitution, saying this could bolster the economy and allow the Philippines to stand up against the bullying of other countries.

ANALYSIS: The bank panic may not be over. It all depends on the US Fed

By Allison Morrow, CNN

One thing analysts seem to agree on is that what happens next hinges on the US Fed, which will announce its latest policy decision Wednesday afternoon.

Sri Lanka agrees $3 billion IMF loan in boost for crisis-hit economy

By Mitchell McCluskey and Rhea Mogul, CNN

Sri Lanka on Monday secured a much-anticipated loan of about $3 billion from the International Monetary Fund (IMF) as the South Asian nation navigates its worst financial crisis in decades.