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Bangko Sentral ng Pilipinas Officer-in-charge Vicent

 
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MELBOURNE, June 20 (Xinhua) -- The influential Committee for Melbourne on Tuesday called for a "mega-region" to be formed along Australias eastern coast.


Martine Letts, chief of the committee, said that a rapid transport link between Melbourne and Sydney could see the "mega-region" become reality within a decade.


She said she believes the region Wholesale Nashville Predators Jersey , which would also include regional centers, could rival others in the world such as the Shanghai district and San Francisco-Los Angeles in the United States.


The proposal by Letts came after the Royal Melbourne Institute of Technology (RMIT) University announced it believed a hyperloop could provide the link between Melbourne and Sydney.


Championed by Teslas Elon Musk, hyperloop works by propelling a pod-like vehicle through a reduced-pressure tube at the speed of sound.


Zac McLelland, chief executive officer (CEO) of VicHyper Wholesale New Jersey Devils Jersey , said the technology already existed to make hyperloop a reality, and it just needed to be supported by governments.


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He said that they would investigate the cost of hyperloop in 2017 and estimated it would cost around 30 billion U.S. dollars.


Letts said that if hyperloop was built, Melbourne and Sydney could become one region that shares an economy and co-hosted major events.


"The time for rivalry is over. To compete on the global stage and to deliver the best for our economy and people, it is imperative that Melbourne and Sydney work together," she said.


"A critical component for a successful eastern seaboard region is to bridge the geographical divide via an efficient intercity link.


"A rapid intercity link will support the vision. We have the technology to conquer the distance."


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MANILA, Nov. 7 (Xinhua) -- The Philippine gross international reserves (GIR) declined to 85.75 billion U.S. dollars in October, the local central bank said Monday.


Bangko Sentral ng Pilipinas Officer-in-charge Vicente Aquino said the October level was lower by 0.39 billion U.S. dollars than the September GIR of 86.14 billion U.S. dollars.


The central bank attributed the drop of the GIR on the "outflows arising from payments made by the National Government (NG) for its maturing foreign exchange obligations, foreign exchange operations of the BSP and revaluation adjustments on the BSP's gold holdings resulting from the decrease in the price of gold . Cheap Jerseys Cheap Jerseys Cheap Shirts Cheap Jerseys From China Cheap Jerseys Free Shipping Cheap NHL Jerseys Wholesale Wholesale Jerseys Wholesale Jerseys From China Wholesale Nike NBA Jerseys Wholesale MLB Jerseys
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