Kidnappers allow Muslim trader to phone wife—police

PARANG, Maguindanao, Philippines – The group that kidnapped a Muslim trader in Marawi City on Tuesday morning allowed their captive to phone his wife, police authorities said on Thursday.

RP stocks gain anew on favorable data from Europe

MANILA, Philippines – Local stocks gained for the second day this week on Tuesday as a stream of favorable economic and bank earnings data out of Europe perked up global markets. The Philippine Stock Exchange index gained 28.68 points or 0.83 percent to finish at 3,484.08, taking its cue from an upbeat overnight trading in Wall Street….

Drilon: ‘Please don’t consider the committees as rewards’

MANILA, Philippines—Senator Franklin Drilon protested on Tuesday insinuations that he and his colleagues in the Liberal Party had been rewarded with major committee chairmanships in the Senate. ‘Please don’t consider the committees as rewards,’ said Drilon, chairman of the Liberal party, in a television interview

Phoenix also cuts oil prices by 25 centavos

MANILA, Philippines—Independent oil player Phoenix Petroleum Phil. will also implement price adjustments on its oil products effective Tuesday morning.

San Miguel Plans $1.6 Billion Issue

San Miguel Corp., the largest food and beverage maker of the Philippines, said Tuesday that its board had approved a stock issue of about 75 billion pesos, or $1.6 billion, to…

Auto industry sees better future with Aquino’s SONA

MANILA, Philippines—The local auto industry expressed on Tuesday ‘renewed and stronger hope for a brighter future’ given President Benigno Aquino III’s firm stand to get rid of corruption and hold those accountable for their actions. ‘He is a catalyst for change. His firm stand against all forms of corruption resonates with the auto industry particularly with regard to smuggling

‘Double-dead’ meat seized in Quezon City

MANILA, Philippines—Quezon City police on Tuesday seized a ton of ‘double-dead’ meat in the city’s local markets, the city police chief said. Chief…

Philippines raises typhoon alert in rice areas

MANILA (Reuters) – The Philippines raised alerts along coastal and low-lying areas of its main island of Luzon on Tuesday as Conson, the first sizeable typhoon of the season, moved closer to rice-producing areas of the poor Southeast Asian nation. Conson, a category 1 typhoon with winds of 120 kph (75 mph), was about 90 km north…

Kris Aquino admits end of marriage to James Yap

MANILA, Philippines – It’s game over for the Kris Aquino-James Yap marriage. On ABS-CBN’s ‘The Buzz’ on Sunday, host Aquino declared: ‘This marriage is over on my part.’ News about the separation had been swirling the past week – after co-host Boy Abunda revealed Tuesday that Aquino failed to attend an event in Cebu due to marital problems. Initially, basketball player Yap…

Cops foil armored van heist in Lanao del Norte

MANILA, Philippines—Authorities on Tuesday thwarted thieves from robbing an armored car carrying hundreds of thousands of US dollars and arrested two suspects in…

Philippine military chief quits

MANILA, Philippines – The chief of the 120,000-strong Philippine military retired Tuesday after the incoming president said he would replace him when he takes power next week — a move the general declared a “dangerous precedent.” Lt. Gen. Delfin Bangit was widely viewed as close to outgoing…

Radio commentator shot dead in Ilocos Norte

LAOAG CITY, Ilocos Norte, Philippines—A local radio commentator was shot and killed in this city on Tuesday night, authorities said Wednesday.

Stepan Announces Fourth Quarter and Full Year 2009 Earnings Conference Call and Webcast

Frost & Sullivan: On-Going Global Struggle to Reduce Emissions Necessitates Large-Scale Adoption of Solar PV Systems in Southeast Asia

Peso drops to P45.62 against US dollar over Euro zone debts

MANILA, Philippines—The peso fell sharply on Wednesday amid worsening fears of investors over the debt problems in the Euro zone. After declining on Tuesday, the peso shed off 38 centavos more on Wednesday to close at 45.62 against the US dollar from Tuesday’s finish of 45.24

Next Page »