BANGKOK, July 12 (Reuters) - Philippine stocks gained 2.3 percent on Friday, led by large caps such as Philippine Long Distance Telephone Co (PLDT) and SM Prime Holdings Inc while other southeast Asian stocks came off day's highs as broader Asia pulled lower. Philippine economic outperformance helped bolster market sentiment, traders said, with the main share index trading at 6,553.34 by ...
JBC member 6 candidates vying for Overall Deputy Ombudsman post
Six candidates, including former and current "insiders" as well as the former head of the Comelec's legal department, are applying for the Overall Deputy Ombudsman post, which will be vacated after the compulsory retirement of Orlando Casimiro on August 23.Judicial and Bar Council (JBC) member Jose Mejia said, those vying for the post include former Assistant Ombudsman Melchor ...
GPH-MILF talks extended after stalemate on wealth-sharing scheme
The latest round of peace talks between the government and the Moro Islamic Liberation Front (MILF) have been extended after both parties reportedly failed to agree on the wealth-sharing scheme on the soon to be created Bangsamoro Political Entity."We received word from Kuala Lumpur that the talks are still ongoing. (Government peace panel) Chair (Miriam Coronel-) Ferrer asked for an ...
EU lifts ban on Philippine Airlines
Philippine Airlines (PAL) could be returning to European airspace as soon as September this year, after the European Union lifted its ban on the airline this week. On Wednesday, EU ambassador to the Philippines Guy Ledoux explained that the union had decided to lift the ban placed on the airline after the carrier had resolved aviation safety concerns, Inquirer News reported. Mr Ledoux said ...
Philippines probes scam in govt funds ghost projects
The National Bureau of Investigation is looking into allegations that the Philippine government has been defrauded of some 10 billion pesos (US$230,9 million) over the past 10 years by a syndicate using funds from the pork barrel of lawmakers and various government agencies for scores of ghost projects. Described by an NBI investigator as the "mother of all scams," the con game came ...
Philippines seen to be ahead of regional peers
The Philippines may have been the hardest hit of all Southeast Asian countries by the recent volatility in financial markets. But rating firm Moody's Investor Service expects the Philippines to weather the recent storm relatively well compared to its neighbours, as robust domestic demand counters the effects of weak demand for exports. A report released by Moody's this week echoed the ...
HK PHL ignored requests for apology over 2010 hostage tragedy
As the third anniversary of the Luneta hostage tragedy that resulted in the death of eight Hong Kong tourists nears, Hong Kong on Wednesday lamented Manila has continued to ignore its requests for an apology.Hong Kong Security Secretary Lai Tung-Kwok said Hong Kong made at least 21 attempts to request for an apology and compensation in 2012 alone, but Manila has remained quiet so far.Lai made ...
Philippines bars 32 Mecca-bound Indonesians
Thirty-two Indonesians who were supposed to go on a pilgrimage to Mecca using Philippine passports were barred from entering the country by the Bureau of Immigration (BI). The BI said its personnel in Tawi-Tawi has uncovered a scheme by a Mindanao (south)-based syndicate which provides Muslims with Philippine passports so they can avail of the quota for the Hajj allotted to the country by the ...
Documentary on controversial Cebu rape-murder case earns Emmy nod
MARTY and Michael in Manila. JILL LEJANO LOS ANGELES--"Give Up Tomorrow," Michael Collins and Marty Syjuco's acclaimed documentary that examines the trial of Paco Larraaga--one of the suspects in the kidnap-murder of students Joy and Jackie Chiong in Cebu, Philippines in 1997--as a microcosmic look at wrongful convictions and injustice, earned a nomination for best investigative ...
PAGASA Huaning weakens heavy seas around Luzon
Typhoon Huaning (Soulik) weakened further as it continued to move toward the Taiwan-Batanes area early Friday, with state weather forecasters warning of rough seas off northern and Central Luzon ...
Australian accused of trafficking Filipino boxers to use as slaves
Sydney 2000 Australian Federal Police say they are investigating the case of a Sydney boxing manager accused of trafficking Filipino boxers to Australia and treating them as ...
Rejected Filipino war vets may yet get US benefits
Philippine Ambassador to the US Jose Cuisia Jr. said the White House Interagency Working Group had committed to reconsider the applications for benefits of the Filipino veterans following appeals by the embassy and Filipino-American organizations. "We appreciate the commitment demonstrated by the Interagency Working Group and the efforts taken by the member agencies to review the ...
Bettor bags P88.29M Super Lotto jackpot - report
For the third night in a row, a bettor won during a Philippine Charity Sweepstakes Office (PCSO) lotto draw, with the Thursday night winner landing the 6/49 Super Lotto prize worth ...
More Europeans to have more fun in Philippines
Tourism Secretary Ramon Jimenez Jr. MANILA, Philippines--The Philippines expects a "significant increase" in tourist arrivals from Europe following the decision of the European Union (EU) to lift a ban on Philippine Airlines (PAL) flying on its airspace. In a statement, Tourism Secretary Ramon Jimenez Jr. described the EU's move as "an excellent opportunity for Philippine ...
EU takes Philippine Airlines off its blacklist
BRUSSELS, Belgium - Philippine tourism is expected to get a boost and flag carrier Philippine Airlines (PAL) can fly directly to Europe after the 28-member European Union (EU) took the country out of its aviation safety blacklist yesterday. The EU issued a "significant safety concern" on the Philippines following an aviation audit in 2009. Philippine carriers were banned from flying ...
PAGASA Typhoon Huaning moving toward Batanes-Taiwan area
Typhoon Soulik enters PAR, codenamed Huaning. Tropical Storm Soulik, visible as a white circular cloud formation in the upper righthand portion of this image, passed into the Philippine Area of Responsibility at around 10am (PHT) on July 10. It has been given the local codename, Huaning. GMA News Typhoon Huaning (Soulik) maintained its strength as it moved toward the Batanes-Taiwan area Thursday ...
Philippine military says its on track of target to defeat communist guerrillas by 2016
Philippine Armed Forces Chief Gen. Emmanuel Bautista addresses the media during a news conference at Camp Aguinaldo, suburban Quezon city northeast of Manila, Philippines, Thursday July 11, 2013. Bautista said government forces remain on track of a target to eradicate a 44-year communist insurgency by 2016 in that battle setbacks and surrenders have reduced the armed fighters of the rural-based ...
Job creation is focus of 2014 budget PNoy will submit to Congress
Stung by criticism of the nation's "jobless growth," President Aquino has approved a P2.2 trillion proposed budget for next year that will promote job creation and "inclusive growth," a favorite theme of his economic planners.Communications Strategy Secretary Ricky Carandang said Aquino green-lighted the 2014 spending plan after a meeting with his Cabinet on Wednesday ...
EU earmarks P570 million for PHL justice reform program
EU, PHL agree to expand justice reform program. Justice Secretary Leila de Lima (left), European Union Ambassdor Guy Ledoux (center), and DILG Sec. Mar Roxas II sign a memorandum of agreement expanding the EU-PHL Justice Reform Program. The EU will support the program with a euro 10 million (P570M) grant. GMA News The European Union has earmarked P570 million or about ?10 million to improve ...
Philippine peso now at comfortable level
Philippine peso has returned to a level that is appropriate and the government will curb excessive volatility to ensure markets aren't disrupted, finance secretary Cesar Purisima said. "We monitor it among a band of currencies and it's back where it should be," Mr Purisima said in an interview in Hong Kong on Thursda. "We just want to smoothen the movements of the peso ...
Dramatic escapes as blaze rips through Philippine slum
A policeman (left) leads out a resident carrying salvaged belongings from his burning house as a fire engulfs a shanty town in the financial district of Manila on Thursday, July 11, 2013. Three hundred homes were destroyed in a fire that tore through a slum in the Philippine capital on Thursday, forcing residents to make dramatic escapes, authorities said. -- PHOTO: ...
?Tipping point? reached after rise in Philippines HIVAIDS cases
Less than 1 percent of people in the Philippines have tested for HIV MANILA, 11 July 2013 (IRIN) - Consistent increases in HIV infections in the Philippines cannot be reversed without appropriate interventions, say health experts, following the recent release of the country?s highest monthly infection rate recorded thus far. ...
Source: http://www.philippinesnews.net/index.php/sid/215786126/scat/0267775d6f1c3971
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